US President Biden's Visit to the UAW Strike Would Be a Historic Event

If Joe Biden accepts the United Auto Workers' invitation to visit their picket line, it would be the first time in more than a century that the U.S. President has shown support for union workers in a labor dispute, according to a presidential historian.

Friday, the UAW invited Vice ...

The Nifty is predicted to stay inside a narrow range in the January F&O series; ONGC and Tata Motors shares are recommended

Both the Nifty and Bank Nifty were mostly unmoved to begin the January series. For the last 8–10 trading sessions, the Nifty has been stuck in a narrow range between support at 17800 and resistance at 18100. Continued range-bound trading is expected with the VIX around 14.5. Due to the rela...

Car Manufacturing Sales Drop

Highlights:

• Global chip shortages continue to affect car production.

The worst chip shortage in decades is experienced currently all around the world. These Semiconductor chips are used in everything: smartphones, smart fridges, computers, and ...

GM set to launch 10 EVs in South Korea by 2025

General Motors is set to launch 10 electric vehicles for the South Korean market by 2025. Steven Kiefer, the head of GM's international operations said that they are not planning to manufacture the EVs in the country as of now.

Highlights

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Edison Motors seeks to acquire SsangYong by borrow a loan from KDB  

Edison Motors is seeking to ask for a loan from Korea Development Bank to acquire the troubled SsangYong Motor. The company is wanting to receive a loan of 700 billion to 800 billion won, as told by its chief executive officer.

Highlights

• Edison Motor...

GM to spend $35 billion to open battery cell development center, to cut EV costs

Highlights

• GM will be spending $35 billion on EVs
• The new facility is almost 300,000 square feet

General Motors Co said that it will spend $35 billion on EV. GM motors has said that they are planning to open a battery cell developmen...

GM will be making changes in it's supply chain to address semiconductor chip crisis

Highlights

• The company is planning to make changes in its supply chain
• They are planning to develop a direct relationship with the manufacturers

Mary Barra, Co-Chief Executive of General Motors said the automaker is planning to make ...

TOYOTA MOTOR TO HOLD OFF PRODUCTION LINES OVER CHIP SHORTAGE

Highlights –

• Toyota Motor to hold off production lines over chip shortage.
• The company plans to halt two of its plants for around 8 days in June.
• The suspension of production will affect around 20,000 vehicles.
• Toyota expec...

CHIP SHORTAGE LIKELY TO HAMPER MAZDA’S GLOBAL PRODUCTION IN FY 2021

Highlights –

• Chip shortage likely to hamper Mazda’s global production in FY 2021.
• Global production of car may be reduced to 100,000 vehicles a year.
• In April, Mazda expects an output cut of 14,000 vehicles.
• The autom...

REBOUND ON WALL STREET LEAD TOKYO STOCKS TO END HIGH ON FRIDAY

Highlights –

• Rebound on Wall Street lead Tokyo stocks to end high on Friday.
• The 225-issue Nikkei Stock Average ended up 636.46 points, or 2.32%.
• The broader Topix index of all First Section issues on the TSE finished 34.38 points, or...

SUBARU CORP. REDUCES GLOBAL PRODUCTION OVER CHIP SHORTAGE

Highlights –

• Subaru Corp. reduces global production over chip shortage.
• In Q1 2021 the automaker globally produced 61,000 vehicles.
• The car-making company is aiming to sell 1 million vehicles in fiscal 2021.
• Subaru's ne...

TOKYO STOCKS END DOWN ON FRIDAY OVER GLOBAL CHIP SHORTAGE

Highlights –

• Tokyo stocks end down on Friday over global chip shortage.
• The 225-issue Nikkei Stock Average ended down 241.34 points, or 0.83 percent.
• The broader Topix index of all First Section issues on the TSE finished 10.82 points...

GENERAL MOTORS FIRES ALL WORKERS FROM PUNE FACTORY

HIGHLIGHTS

• General Motors has fired all employees in its Pune factory.
• Total 1419 workers were fired.

Among layoffs in the Indian Automobile Sector, the latest one appears to be one of the biggest as General Motors has fired all of i...

TOKYO STOCKS END DOWN OVER ECONOMIC IMPACT OF COVID-19 COUNTERMEASURES

Highlights –

• Tokyo stocks end down over economic impact of COVID-19 countermeasures.
• The 225-issue Nikkei Stock Average ended down 167.54 points, or 0.57 percent.
• Topix index of all First Section issues on the TSE finished 7.52 points...

GUMTREE MOTORS TO OFFER UK CUSTOMERS ONLINE SERVICE HUB

Highlights:

• The company Gumtree Motors will now offer the car buyers of United Kingdom an online advise hub
• The Gumtree Motors have launched the online hub for helping the customers to navigate the car buying process

The EBay Motor G...

LG ENERGY & GM TO BUILD EV BATTERY FACTORY IN THE U.S

Highlights –

• LG Energy & GM to build EV battery factory in the U.S.
• LG Energy Solution will spend 1.06 trillion won for building the factory.
• The total investment for the new EV factory is expected to be worth 2.7 trillion won.

SK HYNIX WILL NOT RETRIEVE ITS INVESTMENT IN KIOXIA HOLDINGS

Highlights –

• SK hynix will not retrieve its investment in Kioxia Holdings.
• SK hynix had joined a global consortium to invest in Kioxia in 2017.
• The consortium was led by U.S. private equity firm Bain Capital.
• Samsung, Gener...

KIA CORP. LAUNCHES NEW K8 SEDAN IN SOUTH KOREA

Highlights –

• Kia Corp. launches new K8 sedan in South Korea.
• The car company also showed its new brand logo.
• The new K8 sedan is said to be equipped with advanced safety features.
• The company is said to have received 24,000...

PICTURES OF TATA HBX'S INTERIOR AVAILABLE ONLINE

HIGHLIGHTS

• The pictures of Tata HBX's interior are now available online.
• Earlier, Tata Motors confirmed that the production model of Tata HBX SUV would retain almost 90% of the concept model's design.
• The interior door handles of Ta...

TOYOTA, ISUZU AND HINO TO SET UP PARTNERSHIP IN MAKING COMMERCIAL VEHICLES

Highlights –

• Toyota, Isuzu, and Hino to set up partnerships in making commercial vehicles.
• Toyota and Isuzu Motors will take a 4.6% stake in each other.
• The carmakers will work together in electric, hydrogen, connected, and autonomous...