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Minda Corporation, Pricol to present arguments to CCI over stake acquisition | Autocar Professional

Baua Electric

Minda Corporation and Pricol Ltd. The move was labelled a “hostile takeover” by many in the auto industry, setting the stage for a potential battle before the antitrust regulator. This obligation only applies to Minda Corporation and not the target company, Pricol. transfer of shares) takes place.

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Toyota invests $11.1M in Indiana schools to boost STEM programs

Teslarati

The investment supports future STEM careers in the area, including job opportunities in the auto industry. Evansville-Vanderburgh School Corporation (EVSC), North Gibson School Corporation, Building Blocks, and Youth First Inc. Toyota invested $11.1 million in schools in Indiana to boost their STEM programs.

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EPA: GHG emissions standards for cars and light trucks should be revised; joint process with NHTSA (updated with more reactions)

Green Car Congress

Administrator Pruitt also announced the start of a joint process with the National Highway Traffic Safety Administration (NHTSA) to develop a notice and comment rulemaking to set revised GHG emissions standards and Corporate Average Fuel Economy (CAFE) standards. The Obama Administration’s determination was wrong. This decision takes the U.S.

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Grant Thornton LLP Warns of Potential Collapse of Automotive Supply Chain

Green Car Congress

But the most immediate and pervasive risk to the economy is a wholesale collapse of the automotive supply base, Grant Thornton LLP partner Laura Marcero told the Automotive Press Association in Detroit. Grant Thornton LLP is the US member firm of Grant Thornton International Ltd, one of the six global audit, tax and advisory organizations.

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CAR report quantifies automotive’s position as a leading high-tech industry

Green Car Congress

A newly-released report by the Center for Automotive Research (CAR) concludes that the automotive industry is not only “high-tech,” it is frequently a leader in technological developments and applications. Additionally, the auto industry provides 16% of total worldwide R&D funding for all industries. Click to enlarge.

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Li-ion battery maker Boston-Power announces $125M in new financing; focus on and support from China

Green Car Congress

Additionally, through its stimulus programs and local industrial policies, the Chinese government is providing a range of grants, low-interest loans and related financial and tax incentives. CEO, Protean Electric and a 32-year auto industry veteran responsible for the development and production of the GM EV-1.

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GM and Chrysler Submit Updated Restructuring Plans; Up to $18.6B More Needed; Outlines for Product Plans

Green Car Congress

The plans, updated in the context of a worsening sales outlook for the entire auto industry, outline a need for up to an additional $16.6 In the interim, if Saturn retailers or other investors present a plan that would allow a spin-off or sale of Saturn Distribution Corporation, GM would be open to any such possibility.

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