The NCLAT Wednesday set aside an order of fair trade regulator CCI imposing a Rs 87 crore fine on Hyundai Motor India for allegedly adopting unfair business ways with respect to discounts for passenger cars.

A three-member bench of the National Company Law Appellate Tribunal (NCLAT) headed by Chairman Justice"...

Tesla Inc’s Chief Executive Officer Elon Musk on Sunday acknowledged that the electric carmaker’s problems have now shifted to delivery logistics from production delays, the latest speed bump in its efforts to achieve profitability.

'Sorry, we've gone from production hell to delivery logistics hell, but this problem is far more tractable. We're making"...

Dusseldorf officials say they will give Erbil their old buses once the German city launches its new fleet of electric vehicles, according to Erbil’s head of transportation.

Erbil will privatize the management of these buses once they arrive, the department says.

Most people in the Kurdistan Region rely on their own car to get around due to the limited public transport system. It has led to heavy traffic and a high rate of car accidents. It has also polluted the environment.

According"...

Frankfurt Am Main: The first major German court case against Volkswagen over the 'dieselgate' scandal that has shaken up the car industry gets under way Monday, as investors pursue the world's largest automaker for billions in compensation.

From 10am (0800 GMT) the regional court in Brunswick will examine whether the auto giant should have informed investors sooner about so-called 'defeat devices' it built into 11 million cars"...

According to a report from Rudaw, thousands of poor quality, overturned or water-damaged American cars have been imported to the Kurdistan Region over the past two years, due to the facilitations made by the KRG to car traders in a bid to increase revenues at customs points.

Statistics produced by the ministry of trade and industry show that 451,337 cars have been imported to the Kurdistan Region over the past five-and-a-half years.

The"...

US activist hedge fund Elliott Management made fresh proposals to restructure Hyundai Motor Group on Friday, renewing pressure on the South Korean conglomerate months after forcing it to abandon its own plan.
Elliott, which owns $1.5 billion worth of shares in three Hyundai group companies, called for a committee to review its proposals with other investors and experts, and said its attempts to discuss a new plan had been met with silence.
Hyundai rejected the committee idea and added that it hoped “to share"...

The Board of Directors of Rockwell Automation, Inc. (NYSE: ROK) today authorized the company to expend up to an additional $1 billion to repurchase shares of Rockwell Automation common stock. This is in addition to the authorization on January 15, 2018, to repurchase $1 billion worth of common stock, of which approximately $245 million was remaining as of September 5, 2018.

“Our Connected Enterprise strategy generates strong, sustainable cash"...

Uber Technologies is on track to go public next year and has no plans to sell its self-driving car research arm, chief executive Dara Khosrowshahi said on Wednesday.

The ride-hailing company will not sell its Advanced Technologies Group “at this time,” he told Reuters in an interview after a media event to unveil changes to improve the safety of drivers and riders.

“Ultimately,"...

Hate to break it you, NIO Iis no Tesla; the Chinese electric-car company may have the trappings of the car maker of the future but ornaments won’t be enough to turn it into a genuine contender.

A self-declared rival of Elon Musk’s Tesla, NIO has been on the road rallying global investors for an imminent listing in New York – just as Mr Musk’s troubles have escalated. The public offering would value the electric-car maker"...