by finance_admin | December 2, 2024 | Automotive
Carlos Tavares, CEO of Stellantis, has resigned unexpectedly, citing “different views” with the automaker’s board of directors, the company announced Sunday. The resignation is effective immediately, and the company has initiated the search for a successor....
by finance_admin | December 1, 2024 | Automotive, News
Automaker Responds to Escalating Commodity Costs with Price Adjustment Tata Motors announced on Wednesday that it will increase the prices of its commercial vehicles by up to 2%, effective from July 1, 2024. This decision, outlined in an exchange filing, aims to...
by finance_admin | November 20, 2024 | Automotive, Mergers & Acquisitions
Abdulla bin Touq Al Marri, Minister of Economy, held a meeting with Peec Mobility officials to learn about the company’s future plans for the UAE market and their contribution to promoting the circular economy and sustainable transportation. The meeting forms part of...
by finance_admin | November 13, 2024 | Automotive, News
Volkswagen Group (VW) and electric vehicle (EV) maker Rivian have announced a strengthened joint venture aimed at advancing EV technology and reducing production costs. The German automaker has increased its investment in the partnership to $5.8 billion, up from an...
by finance_admin | November 9, 2024 | Automotive
Tesla’s stock surged 8% on Friday, propelling the electric vehicle giant’s market capitalization past $1 trillion as investors cheered the recent U.S. election outcome. The week-long rally comes after Donald Trump’s presidential win, sparking optimism among investors...
by finance_admin | November 7, 2024 | Automotive
Tesla CEO Elon Musk’s high-profile support for Donald Trump’s re-election is paying off for shareholders, with Tesla stock surging amid Trump’s victory. However, investors are speculating about what Musk’s relationship with the new administration will mean for Tesla’s...
