Former Audi boss Rupert Stadler was handed a suspended sentence of one year and nine months by a German court on Tuesday for fraud over Volkswagen's 2015 diesel scandal, becoming the first former board member to receive such a sentence. The fallout from the German auto group's manipulation of diesel engine emissions tests, which shook the industry almost eight years ago, has been keeping many courts busy ever since.
Located in Birgunj, the new facility is the Royal Enfield’s fifth CKD assembly unit in the world - after Brazil, Thailand, Colombia and Argentina - in addition to its state-of-the-art manufacturing and ancillary facilities in Tamil Nadu, India.
Elon Musk praised China's "vitality and promise" on Wednesday, Beijing said, during a trip to China in which he has met multiple government officials and reportedly declared he will expand his business there.
The European Parliament has delayed a planned vote to approve new EU renewable energy targets, after France and other countries lodged last-minute opposition to the law last week, according to an internal email seen by Reuters.
The target was announced as the Alliance for Sustainable Mobility, a group of 11 companies founded and led by 99, had its one-year anniversary at the end of April.
JFE saw a 44% decline in 2022/23 fiscal year net profit to 162.6 billion yen as its crude steel output fell to 25.5 million tonnes from 27.3 million tonnes a year before hit by weaker demand both in Japan and abroad amid rising costs and A shortage of semiconductors essential to the auto sector.
The facility will push Tesla outside its core focus of building automobiles and into the complex area of lithium refining and processing, a step Musk said was necessary if the auto giant was to meet its ambitious EV sales targets.
According to the report released on Tuesday by the unit of German insurer Allianz, policymakers need to meet the challenge with reciprocal tariffs on imported cars from China, do more to develop EV battery materials and technologies, and also allow Chinese carmakers to build cars in Europe.
Grosse Kleimann to take up position as new Member of MAHLE Management Committee on August 1, 2023. He succeeds Olaf Henning, who left the Group at his own wish on April 30, 2023.
For the first quarter of 2023, GM reported adjusted pre-tax profits of USD 3.8 billion, or USD 2.21 a share, on revenues of USD 40 billion, down from pre-tax profits of USD 4 billion on revenues of USD 36 billion a year ago.
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