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India

Autos

New Nissan engine bids to extend life for internal combustion

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BEIJING Nissan Motor Co, an early mover in the electric vehicle market, will use the Los Angeles auto show next week to send a message about gasoline-fueled engines: They're not dead yet.

SGL to buy BMW's stake in carbon fiber joint venture​

FRANKFURT German carbon chemical company SGL Group said on Friday it would gradually buy BMW's stake in their joint venture for the production of carbon fiber.

24 Nov 2017
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Uber to partner with Mahindra to pilot electric vehicles in India

MUMBAI Ride-hailing firm Uber will partner with automaker Mahindra and Mahindra to pilot electric vehicles on its platform in India, the two companies said on Friday, at a time when the government is pushing to have all new vehicles electrified by 2030.

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Automaker Mahindra wants to sell electric vehicles in U.S.

DETROIT Mahindra & Mahindra Ltd , one of India's oldest vehicle manufacturers, is testing autonomous tractors, trucks and cars, while moving closer to bringing electric vehicles to the United States, Chairman Anand Mahindra said on Monday.

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U.S. rejects Ford petition to delay recall of 3 million vehicles

WASHINGTON The U.S. National Highway Traffic Safety Administration said on Friday it was rejecting a petition by Ford Motor Co to delay recalling about 3 million vehicles with potentially defective air bag inflators to conduct additional testing.

Budget 2017, Business 18 Nov 2017
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Volkswagen accelerates push into electric cars with $40 bln spending plan

WOLFSBURG/HAMBURG Volkswagen approved a 34 billion euro ($40 bln) spending plan on Friday that accelerates its efforts to become a global leader in electric cars. | Video

Budget 2017, Business 17 Nov 2017
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Factbox: Automakers get serious about electric cars

Volkswagen's leaders on Friday approved a five-year spending plan that aims to further the German carmaker's goal of transforming itself into a leading force in electric cars.

Budget 2017, Business 17 Nov 2017
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Nissan cites staff shortage for improper tests, plans more inspectors

YOKOHAMA Nissan Motor Co Ltd on Friday blamed a lack of trained staff for improper final inspections at its car plants in Japan for over 20 years, and said it would increase the number of inspectors as part of a plan to improve compliance.

Budget 2017, Business, Japan 17 Nov 2017

Business News

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HDFC Life looks to raise exposure to infrastructure stocks

MUMBAI HDFC Standard Life Insurance Co. is looking to invest more in the capital goods sectors and a range of companies that are expected to benefit from a major government push to build more homes and roads.

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Regulators edge closer to deal on global bank capital rules

LONDON The oversight body for global banking regulators said on Friday it will hold a news conference on Dec. 7, in the clearest sign yet that a deal on completing post-financial crisis capital rules is finally on the cards.

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EU banks have cut exposure to Britain since Brexit vote

LONDON Banks on mainland Europe have cut their exposures to Britain since the Brexit vote last year and are concerned about the legality of cross-border deals once the UK leaves, the European Union's banking watchdog said on Friday.

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Holiday cheer boosts Amazon, Macy's and other retail stocks

SAN FRANCISCO Shares of Amazon.com Inc , Macy's Inc , Kohl's Corp and other U.S. retailers rose on Friday on early signs that consumers are on track to spend more this holiday shopping season than in previous years.