Author: Damini Sharma

Mercedes-AMG GT 43 4MATIC+ on show at Brussels Expo on January 9, 2020 in Brussels, Belgium. Sjoerd Van Der Wal | Getty Images News | Getty ImagesMercedes-Benz shares gained round 5% on Thursday morning after the German carmaker beat fourth-quarter earnings expectations and introduced a brand new share buyback program, regardless of warning of “exceptional” dangers within the yr forward.Fourth-quarter earnings earlier than curiosity and taxation (EBIT) got here in at 4.33 billion euros ($4.7 billion), barely forward of consensus expectations, taking the full-year determine to 19.66 billion euros. Revenues rose 2% in 2023 to 153.2 billion euros from 150 billion…

Ford Motor Co., CEO Jim Farley offers the thumbs up signal earlier than saying Ford Motor will companion with Chinese-based, Amperex Technology, to construct an all-electric automobile battery plant in Marshall, Michigan, throughout a press convention in Romulus, Michigan February 13, 2023.Rebecca Cook | ReutersDETROIT – Ford Motor CEO Jim Farley on Thursday urged Wall Street to neglect about Tesla and its FSD driver-assistance techniques as the way forward for the auto trade, arguing traders ought to as a substitute concentrate on the Detroit automaker’s “Pro” fleet enterprise.Farley in contrast the unit, which roughly doubled pre-tax earnings final yr to…

(L-R) United Auto Workers (U.A.W.) members Kaleb Delfine, Bryan Broecker, Michael Gatto and James Triplett picket exterior the Jeep Plant on September 18, 2023 in Toledo, Ohio. Sarah Rice | Getty ImagesGlobal auto big Stellantis on Thursday reported a ten% year-on-year fall in revenue within the second half of 2023, as six-week strikes on the so-called “Detroit Three” automakers hampered manufacturing within the group’s North American revenue epicenter.Adjusted working earnings (AOI) got here in at 10.2 billion euros ($10.96 billion) for the July to December interval, down from 11.3 billion euros for a similar interval in 2022.However, the earnings proved…

The emblem of automotive producer Ford is pictured in Inwood, New York, on February 5, 2024. Charly Triballeau | AFP | Getty ImagesLONDON — Ford was warned on Wednesday that greater than 3,000 white-collar employees throughout the U.Ok. might launch industrial motion after union members rejected a pay provide from the U.S. automotive large.Unite, one of many U.Ok.’s largest commerce unions, mentioned though affords put ahead by Ford for salaried workers and managers had been rejected by greater than 90% amongst each units of employees, the corporate had to date refused to come back to the negotiating desk.The union warned Ford…

Elon Musk, chief govt officer of Tesla Inc and X (previously Twitter) Ceo speaks on the Atreju political conference organized by Fratelli d’Italia (Brothers of Italy), on December 15, 2023 in Rome, Italy. Antonio Masiello | Getty ImagesTwo weeks after a Delaware courtroom dominated that Tesla should rescind Elon Musk’s $56 billion pay bundle, the corporate’s board stays mum on what the choice means for shareholders or what’s subsequent for the mercurial CEO.In her 200-page opinion on Jan. 30, Chancellor Kathaleen McCormick referred to as the pay plan the biggest in public company historical past, and stated it was agreed upon…

Halfpoint Images | Moment | Getty ImagesConsumers now not have to attend to file their annual tax returns to get a tax break for the acquisition of a brand new electrical automobile.At the beginning of 2024, the federal “new clean vehicle” tax credit score turned obtainable as a point-of-sale low cost — price as much as $7,500 — at automobile dealerships.That means taking part sellers may give eligible shoppers a direct break on an EV’s buy worth, maybe through a partial cost or down cost on the automobile or a money cost to consumers.Buyers of used EV fashions are additionally…

Adishwar Auto Ride India Private Limited is primarily engaged within the Manufacturing, Machinery & Equipments trade, and its operations are actively underway. Adishwar Auto Ride India has revealed its value revision for each Benelli and Keeway for 2024. Benelli Leoncino 500, Benelli 502C, and Keeway K300 N have all had their costs diminished to make them extra moderately priced. The charges are the identical for all color choices on all fashions and is effected from February 8, 2024. The three autos will supply a greater worth for the cash in keeping with the up to date pricing.…

Reebok: The well-known sports activities gear model Reebok has unveiled its latest vary of e-scooters and e-bikes. A brand new catalogue with equipment for the brand new lineup and highlighting the number of e-mobility gadgets was launched. Reebok unveils a complete vary of e-bikes The iconic sports activities model, well-known for its assortment of footwear and attire, formally unveiled its e-mobility division at ISPO Munich in December. Asia Kingston, based on Bike Europe, has been granted a five-year licence to supply the products. The Hong Kong-based firm’s portfolio will now embody Reebok along with a number of different well-known firms…

Maruti Suzuki Fronx Turbo Velocity Edition: Maruti Suzuki has launched a brand new version of its well-liked Crossover, Fronx which is formally referred to as Velocity Edition. The new variant comes with a bunch of visible upgrades inside and outside, So should you have been planning to purchase the beforehand accessible Delta+, Zeta, or Alpha variant of the crossover, you now go for the newly launched package deal price Rs. 43000. Maruti Suzuki Fronx: What’s Special? The newly launched Velocity version of the Fronx will get a complete of 16 new equipment. The new packages embrace a gray and black…

Upcoming Cars In 2024: Nowadays, everybody wants a automotive in the event that they journey commonly or commute to work each day, which is why automobiles are getting increasingly widespread. In many alternative classes, firms are introducing new and superior cars within the new 12 months; many of those launches will happen in February. We’ve chosen a couple of future automobiles that, when you’re keen to purchase a newly launched automobile, you may contemplate shopping for in 2024. These automobiles are cheap and costly automobiles with most of the facilities of high-end automobiles.Hyundai Creta N LineThe Hyundai Creta N Line…