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Formula One’s truncated coronavirus-hit season will finally get underway with the Austrian Grand Prix on July 5, the Austrian government announced on Saturday. The Spielberg circuit has also been given the green light to stage a second race the following weekend. “The two Formula One races on July 5 and 12 at Spielberg will be […]
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The Nepal government sounded the death knell on electric vehicles after announcing a steep hike in excise and customs duties on electric vehicles during the new budget presented to Parliament on Thursday. This move is a complete contradiction to Prime Minister’s KP Oli’s declaration that 20 percent of vehicles in Nepal would be electric by […]
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French auto giant Renault plans to cut around 15,000 jobs worldwide, including 4,600 in France, as part of a two billion euro cost-cutting plan over three years, sources said on Thursday. The plan, which is set to be announced publicly on Friday, was explained to unions by the company on Thursday evening, multiple sources with […]
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Nissan Motor Co unveiled a plan to become a smaller, more cost-efficient automaker on Thursday as it looks to recover from four years of tumbling profits that culminated in its first annual loss in 11 years. Under a new four-year plan, the Japanese carmaker will slash its production capacity and model range by about a […]
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Volkswagen AG is in final talks to seal its largest investment deals with Chinese electric vehicle (EV) firms, two sources said, as the German automaker accelerates its push into the world’s largest market for environmentally friendlier cars. The firm is poised to buy 50 percent of Anhui Jianghuai Automobile Group Holding, the parent of EV […]
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