BMW CEO advocates a reduction in EU tariffs for American cars
BMW CEO Oliver Zipse proposed this week that the European Union's tariffs on American cars have been reduced from 10 % to 2.5 %, which is matched with the current US import tariffs. The proposal was reported by Reuters on Tuesday. This move is due to the continued concerns of US tariffs, because the new President Donald Trump threatens or improves tariffs that may affect cross -Atlantic trade. Please also read: BMW and YAMAHA invest in US rare earth startups The timing of the ZIPSE proposal coincides with the upcoming European Commission's negotiations on the future of the automotive industry. The negotiations will begin on January 30. These discussions are crucial. Because European auto manufacturers are facing plant closure and layoffs due to China's needs and competition. European export and imported landscape In 2023, Germany dominated in the EU's passenger car export market, worth $ 183.4 million. Spain ($ 43 billion), Belgium ($ 44.2 billion), Slovak (US $ 34.3 billion)…
The Triumph Speed T4 is priced at Rs. Price reduction 18,000
Triumph Motorcycles India has announced year-end discounts on its entry-level motorcycles. The Triumph Speed T4 is now priced at Rs 1.99 lakh ex-showroom. Compared to the issue price of Rs 2.17 lakh, the price has been reduced by Rs 18,000. Offer valid while supplies last. Join the Triumph family affordably Launched in September 2024, the Triumph Speed T4 has become a favorite among riders looking for modern performance and classic styling. With the new pricing, Triumph aims to make the iconic bike even more accessible, broadening its appeal to a wider audience. Key features of Speed T4 The Speed T4 occupies a niche in the sub-500cc category, providing riders with advanced features common on larger capacity motorcycles. Highlights include: Performance: The Speed T4 is powered by a 400cc liquid-cooled engine that produces 31 PS and 36 Nm of torque. A strong low-end torque range (90% available between 3,500–5,500 rpm) ensures a smooth, energetic driving experience. modern technology: Equipped with a…
Bajaj Freedom 125 Bajaj Freedom 125 gets the most price reduction
The base-spec Bajaj Freedom 125 is currently priced at Rs 89,997, while the mid-spec variant is priced at Rs 95,002. Prices are ex-showroom. Within five months of its launch in India, the Bajaj Freedom 125 has seen price cuts ranging from Rs 5,000 to Rs 10,000. With this update, Bajaj's first CNG bike – the Freedom 125 – is priced from Rs 89,997 for the entry-level Drum variant to Rs 95,002 for the mid-spec Drum LED variant. However, the price of the high-end Disc LED model remains unchanged at Rs 1.10 lakh. Prices mentioned are ex-showroom. Here are the new pricing for the Freedom 125: Variants New price (ex showroom) price reduction drum Rs 89,997 Rs 5,000 Drum LED Rs 95,002 Rs 10,000 Disk LED 1.10 Lakhs - Also read: Bajaj Freedom 125 performance, quality and value for money ranking Bajaj Freedom 125: Specifications The Bajaj Freedom 125 features a unique high-end design with supportive handlebars, exposed trellis and forks…
DP World sets ambitious new carbon reduction targets
DP World has made significant progress in its sustainability efforts, with its ambitious carbon reduction targets endorsed by the Science Based Targets Initiative (SBTi). The company has pledged to reduce Scope 1 greenhouse gas (GHG) emissions by 42% by 2030, from a 2022 baseline. In addition, DP World plans to reduce Scope 2 GHG emissions by 62.2% and absolute Scope 3 GHG emissions by 28% over the same timeframe. Also read: Maersk’s path to carbon neutrality still requires LNG This comes after DP World had already achieved a 13% reduction in emissions since 2022. Emphasizing the company’s commitment to sustainability, Sultan Ahmed bin Sulayem, Chairman and CEO of DP World, said: “DP World is committed to leading the supply chain industry towards a more sustainable and efficient future, ultimately achieving net zero emissions by 2050. SBTi’s recognition confirms the strength and ambition of our plans, and we remain committed to playing a key role in uniting the industry to create…
Ram diesel emissions lawsuit reaches preliminary settlement
The class action lawsuit includes Ram 2500 and Ram 3500 vehicles equipped with Cummins 6.7-liter diesel engines. July 16, 2024 — A Ram diesel emissions class action lawsuit filed against some owners of Ram 2500 and Ram 3500 trucks equipped with Cummins diesel engines has received preliminary approval. Chrysler and Cummins are both named as defendants in a diesel emissions class action lawsuit. Chrysler denied all allegations in the class action lawsuit, but decided to settle after seven years of court battles due to the "substantial expense, inconvenience, burden and disruption caused by continued litigation." The original class action lawsuit was filed in 2017 and involved hundreds of thousands of Fiat Chrysler (FCA) Ram trucks in the United States equipped with Cummins 6.7-liter diesel engines. The Fiat Chrysler (FCA) and Cummins Diesel Engines lawsuit alleges that 2013-2015 Ram 2500 and Ram 3500 trucks require expensive repairs, suffer from poor gas mileage and produce excessive emissions. Some truck owners who filed…
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