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Auto and Transport Industry News
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Emmforce Autotech posts robust H1 performance driven by strategic growth
Emmforce Autotech Limited has reported a strong financial and operational performance for the half-year ending September 30, 2024.…
Cyient partners with Allegro MicroSystems to innovate automotive semiconductors
Cyient Limited, a global leader in intelligent engineering services, has joined forces with Allegro MicroSystems, Inc., a Nasdaq-listed…
Kinetic Engineering elevates Ajinkya Firodia to vice chairman to boost global strategy
Kinetic Engineering Limited, a prominent name in India’s automotive components sector, has announced the elevation of Ajinkya Firodia…
Geely stuns industry with Zeekr’s takeover of Lynk & Co in radical overhaul
In a bold move set to reshape the automotive industry, Zhejiang Geely Holding Group has announced that its…
Boeing initiates massive layoff wave, cutting 17,000 jobs as financial woes deepen
Boeing has initiated a sweeping round of layoffs, notifying 17,000 employees of their termination—a drastic 10% reduction in…
GM’s self-driving Cruise fined for ‘false report scandal’ in federal investigation
In a significant blow to GM’s self-driving division, Cruise, the company has been fined $500,000 after admitting to…
Lumax Auto Technologies achieves record Q2FY25 revenue; announces Greenfuel acquisition
Lumax Auto Technologies Limited, a major player in the Indian automotive components sector, reported remarkable financial results for…
JetBlue stock skyrockets! Is Spirit Airlines’ bankruptcy the best thing to happen for budget flights?
JetBlue Airways has seen an impressive 16% surge in its share price amid news that Spirit Airlines is…
Hyundai Motor India tanks in first quarterly report, shares plunge as profits hit rock bottom
Hyundai Motor India faced a rough debut in the public markets as its first quarterly earnings report post-IPO…
Wipro leverages cloud car platform to advance FORVIA’s driver assistance technology
In a pioneering collaboration, Wipro Limited has optimized FORVIA’s Advanced Driver Assistance Systems (ADAS), marking a significant stride…