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Nissan said on Thursday that net profit sank nearly 60 per cent in the three months to June as pressures including a lockdown in Shanghai and chip shortages weighed on business. The Japanese auto giant, which in May reported a positive full-year net profit for the first time in three years, said it logged a net profit of 47.1 billion yen ($347 million), down 58.9 per cent.
Ford Motor Co said on Wednesday its electric vehicle (EV) and internal-combustion engine (ICE) units would be run as separate entities, in a move aimed at supercharging its EV business as it plays catch up with Tesla Inc. Reuters reported on Tuesday that although Ford was planning to separately run the two businesses, it would keep them under its corporate umbrella.
Tesla Inc decided to remove one of the two electronic control units included in the steering racks of some made-in-China Model 3 and Model Y cars to meet fourth-quarter sales goals while coping with global chip shortage, CNBC reported on Monday. The electric-car maker did not disclose the exclusion, which already affected tens of thousands of vehicles being shipped to
The third Covid wave, as well as semiconductor supply issues and rural distress, dented India's January 2022 automobile retail sales on a year-on-year (YoY) basis, FADA said. Data released by the Federation of Automobile Dealers Associations (FADA) showed a YoY fall of 10.69 per cent in overall automobile retail sales during the month under review. The overall retail sales
Hello and welcome to DH Radio. Battery-swapping is a technology that reduces range anxiety, reduces the cost of electric vehicles by almost 40 per cent and gives a big push to e-mobility. In this episode, DH Radio's Rasheed Kappan interacts with Chetan Maini, Co-founder of the Bengaluru-based Sun Mobility to understand what this exactly means and how the EV industry is