Infineon Withdraws Outlook For FY20; Economic Impact Resulting From Coronavirus Pandemic Can Currently Not Be Reliably Assessed
Neubiberg, Germany – 26 March 2020 – The more and more pronounced coronavirus pandemic worldwide is causing severe disruptions to global supply chains, endmarkets and economies. Developments around the coronavirus are very dynamic and result in low visibility. In view…
Okinawa Shuts Its Electric Scooter Manufacturing Plant In India Amid The Pandemic
Okinawa, the leading player in electric two-wheeler business has announced that it will be shutting its Rajasthan plant. The announcement comes in the wake of the coronavirus pandemic scare. Most of the other auto manufacturing facilities have already downed their…
Elon Musk Donates 1,255 Ventilators To California After Buying Oversupply From China
Elon Musk has delivered more than 1,200 ventilators to California officials this week, an effort that will provide treatment for hospital patients with severe cases of COVID-19. Gov. Gavin Newsom said during a press conference the Tesla boss had made…
Auto Production In China To Rebound
While vehicle and component production has slowed to a trickle in Europe because of the corona virus outbreak, Daimler, Volvo and suppliers say their factories in China are coming back online. Daimler has reopened its factory in China, where demand for vehicles is…
Study Confirms Electric Cars Produce Less CO2 Than Petrol Vehicles
Electric vehicles produce less carbon dioxide than petrol cars across the vast majority of the globe – contrary to the claims of some detractors, who have alleged that the CO2 emitted in the production of electricity and their manufacture outweighs the benefits….
Polestar 2 Production To Officially Begin In China, Deliveries Starting Summer 2020
Despite the world economy being thrown in a standstill and many automakers closing down their production facilities for the time being, Polestar will start production of its Polestar 2 electric car this week. Production will take place in Luqioao, China in…
Ideanomics’ MEG Announced Strategic Agreement With ‘BeiBen’ Leading EV Heavy Trucks And Bus Manufacturer
Ideanomics announced a strategic framework agreement with leading EV heavy truck and bus manufacturer, BeiBen Heavy Truck Co. Ltd (“BeiBen”). The framework agreement is designed to establish a long-term strategic partnership that will create a strategic platform to increase the speed…
Jaguar Land Rover To Temporarily Suspend Production At UK Manufacturing Facilities
In light of the ongoing coronavirus situation, Jaguar Land Rover has confirmed that it will temporarily suspend production at its UK manufacturing facilities over the course of next week. The company’s intention is to resume in the week of 20 April, subject to review of the rapidly-changing circumstances. As a responsible business, Jaguar Land Rover is operating in line…
Hero MotoCorp Shuts Down All Plants Globally In The Midst Of Corona virus
India’s largest two-wheeler manufacturer Hero MotoCorp Ltd (HMCL) has shut down operations across all its manufacturing and assembly plants including the units in India, Colombia and Bangladesh with immediate effect until the end of this month The company said that…
Vespa Elettrica Expected To Arrive In India By June
The Vespa Elettrica electric scooter that was showcased at Auto Expo 2020 last month is among the many upcoming scooters in India. According to a new report, the Vespa Elettrica will be launched in our market by June this year. Vespa…
