Uaw Strike: The four-year contract guarantees a starting wage of USD 20 an hour for UAW employees and retroactive pay hikes until Nov. 15 last year, and two categories of bonus that amount to USD 7,000, the union said. "All bargaining unit employees with more than four years of seniority will immediately receive traditional pay, with a general wage increase on top of that," the UAW said, a reference to what it said was the schedule D top rate .
Raymond Auto Parts Maker Deal: "This acquisition will catapult the growth of our engineering business and will open new vistas to us for our foray into rapidly growing segments like aerospace, defense, and electric vehicles (EV)," Managing Director Gautam Hari Singhania said.
Toyota: This incident marks the second instance this year where the Czech plant s operations have been interrupted due to unforeseen circumstances. The plant, which has the capacity to produce approximately 1,000 cars daily, experienced a prior disruption in February.
Foxconn is considering a partnership with Sharp to develop key components for electric vehicles in India, and they express confidence in mass-producing EV batteries in Wisconsin.
The company reported total revenue earnings of INR 3,093 crore in Q1 2023-24 compared to INR 2,555 crore in Q1 2022-23, a growth of 21%. The revenue growth is attributed to progress across product sectors, primarily in Automotive Lighting and Alloy Wheel segments.