Ifad Autos launches pickup 鈥楲eo鈥�
In a joint effort, Bangladesh鈥檚 automotive distributor Ifad Autos PLC and India鈥檚 vehicle manufacturer Ashok Leyland have introduced the 1-ton power pickup, Leo, to the market.
Automobile
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BRTA offices to remain聽open on Saturdays
In a move aimed at enhancing customer service, the Bangladesh Road Transport Authority has announced that its offices will remain open on Saturdays, the weekly holiday in the country.
Stellantis backtracks on plan to lay off 1,100 at US Jeep plant
Stellantis confirmed Saturday it was reversing a decision to lay off 1,100 workers at its Jeep plant in the US state of Ohio, following the ouster of embattled chief executive Carlos Tavares.
Volkswagen unveils major job cuts in cost-saving drive
Crisis-hit auto giant Volkswagen said Friday it planned to axe 35,000 jobs by 2030 in Germany after reaching an agreement with unions on a drastic cost-cutting plan.
Malaysia launches first locally made electric vehicle
Malaysian automaker Proton unveiled the country鈥檚 first locally-produced electric vehicle on Monday, after the government pledged to boost EV uptake on the roads....
Govt to take steps to modernise Pragati Industries Ltd: adviser
The adviser to housing and public works, and industries ministries, Adilur Rahman Khan, on Sunday said that the interim government would take steps to modernise the only government-run car manufacturer, Pragati Industries Limited.
Policy support needed to boost EV industry: experts
Experts on Friday underscored the need for specific policy support from the government in terms of research and development, capacity building, import duty reduction and...
Mercedes reports profit plunge
German luxury carmaker Mercedes-Benz said on Friday its profits in the third quarter plunged by more than 50 per cent, hit hard by weakness in the key Chinese market.聽
鈥楽ignificant gaps鈥� remain between China, EU over EV duties
The EU said Friday there were 鈥榮ignificant remaining gaps鈥� in negotiations seeking to avoid hefty tariffs on Chinese-made electric cars due to take effect next week but added that...
GM results top expectations on strong auto pricing
General Motors raised some of its full-year profit projections Tuesday following solid earnings as strong vehicle pricing compensated for lower auto sales.
Hyundai Motor India shares fall on debut after record IPO
Hyundai Motor had a lacklustre Indian market debut on Tuesday after raising $3.3 billion in the country鈥檚 biggest-ever initial public offering, with shares closing 7.1 per cent down from their issue price.