By Aditi ShahNEW DELHI (Reuters) - Ford Motor Co made a profit in India for the first time in a decade in the last fiscal year, signaling that a strategy conceived two years ago by the U.S. car manufacturer for one of the world's most competitive car markets is starting to show some success.Under an initiative called the Emerging Market Operating Model (EMOM), Ford cut manufacturing costs by 40 percent and is developing more vehicles locally as it moves away from its "One Ford" plan, which restricted its ability to be cost-competitive and agile in a fast-growing market, Ford executives and industry sources told Reuters. "EMOM is the North Star for the turnaround at Ford in India," Anurag Mehrotra, managing director of Ford's India unit, said in an interview. It's early days yet, and Ford still accounts for less than 3 percent of total passenger vehicle sales in India, where analysts say it's tough for auto manufacturers to make money."They are still a long way away till they can call … [Read more...] about Ford goes local in India, aims for bigger slice of competitive market
Electric car market in india
First Electrical Car arrives in Zimbabwe.Tesla Model X
Musk did hint that the cheapest Model 3 may arrive early next year, tweeting that shipping cars with partially filled battery packs was better than waiting until February.As for the actual $35,000 Model 3, the vehicle will be referred to as the Model 3 Standard Range and should have 220 miles of range.Tesla is finally offering a less expensive version of its Model 3 electric auto.Any worker who bought a Tesla and agreed to share 300 to 400 hours of driving feedback with the company's Autopilot team by the end of next year wouldn't have to pay for full self-driving, or for a premium interior, for a total savings of $13,000, the CEO wrote in an email obtained by Bloomberg News.But that price takes into account federal and state tax rebates. However, Tesla's ambitious $35,000 base version is nowhere to be seen due to production issues. But Musk said a "truer cost of ownership" for the midrange version would be about $31,000, his estimate for discounting the cost of gas. However, as … [Read more...] about First Electrical Car arrives in Zimbabwe.Tesla Model X
Electric cars may be cheaper than gas guzzlers in 7 years
Jeremy Hodges, Bloomberg Updated 8:23 am, Thursday, March 22, 2018 Photo: SAJJAD HUSSAIN, Contributor Image 1of/1 CaptionClose Image 1 of 1 This photograph taken on February 7, 2018 shows a worker cleaning the floor near KIA's electric hybrid OPTIMA car during the Indian Auto Expo 2018 in Greater Noida. Electric cars have basked in the limelight at the flagship auto show in India, where an ambitious plan to phase out polluting clunkers has manufacturers racing to lure millions of new drivers to their green vehicles. / AFP PHOTO / SAJJAD HUSSAIN / TO GO WITH India-economy-auto-AutoExpo2018,FOCUS by Abhaya SrivastavaSAJJAD HUSSAIN/AFP/Getty Images less This photograph taken on February 7, 2018 shows a worker cleaning the floor near KIA's electric hybrid OPTIMA car during the Indian Auto Expo 2018 in Greater Noida. Electric cars have basked in the limelight at ... more … [Read more...] about Electric cars may be cheaper than gas guzzlers in 7 years
Electric Cars Wars? Audi Takes Aim At Tesla For Share Of Luxury SUV Market
U.S. Edition EditionsAustralia EditionChina EditionIndia EditionSingapore EditionUnited KingdomUnited States Mar 21, 1:10 AM EDT Subscribe BusinessTechnologyWorldNationalMedia & CultureMillennial MoneyEntertainmentOpinionSportsLuxury Business By John Rosevear On 03/18/18 AT 1:59 PM This article originally appeared in the Motley Fool. German luxury-car maker Audi AG (NASDAQOTH:AUDVF) threw down a big gauntlet this past week: It showed a photo of an upcoming electric luxury sedan that is very clearly aimed at Tesla's (NASDAQ:TSLA) groundbreaking Model S.The Audi e-tron GT is likely to be the third Tesla-like vehicle from the German luxury brand, following an SUV and a sporty crossover. We don't know too much about it yet. But if you had any lingering doubt that Audi's electric-vehicle effort is aiming squarely at the Silicon Valley upstart, this photo should erase them.Here's what we know about Audi's Tesla-fighting effort so far.Audi's E-Tron GT Is … [Read more...] about Electric Cars Wars? Audi Takes Aim At Tesla For Share Of Luxury SUV Market
CBS News Logo Q&A: The Electric Car Transition a Matter of When, Not If
DAVOS, Switzerland - Electric car pioneer Shai Agassi is a man with a startling prediction: Before 2020, he says, more people everywhere will be buying electric cars than those powered by gasoline."It doesn't mean that oil is not necessary, but we're starting the way out," said Agassi, a former top executive for information giant SAP AG who launched his Better Place venture several years ago.Existing electric cars have a limited range, after which owners have to stop and wait for hours while their car's battery recharges. Owners of Agassi's cars would be able to remove the used battery and replace it with a fully charged one, allowing them to get back on the road almost immediately.The first country slated to go live with a network of "battery-switching" stations run by Better Place is his native Israel, where he plans a launch - with 56 stations and an expected 5,000 cars - before the end of 2011. In 2012, Denmark and Australia are expected to join, along with trials in Hawaii and in … [Read more...] about CBS News Logo Q&A: The Electric Car Transition a Matter of When, Not If