Explore Business Standard
President Donald Trump will sign an executive order Tuesday to relax some of his 25 per cent tariffs on autos and auto parts, the White House said, a significant reversal as the import taxes threatened to hurt domestic manufacturers. Automakers and independent analyses have indicated that the tariffs could raise prices, reduce sales and make US production less competitive worldwide. White House press secretary Karoline Leavitt said at a Tuesday briefing that Trump would sign the order later in the day but declined to provide details on the order. Treasury Secretary Scott Bessent, who joined Leavitt at the White House briefing, said the goal was to enable automakers to create more domestic manufacturing jobs. President Trump has had meetings with both domestic and foreign auto producers, and he's committed to bringing back auto production to the US, Bessent said. So we want to give the automakers a path to do that, quickly, efficiently and create as many jobs as possible. Stellantis
The US government's auto safety regulator has ended a 2 1/2-year investigation into Ford engine failures after the company replaced engines or extended the warranty on some vehicles. The National Highway Traffic Safety Administration says in documents posted Monday on its website that its analysis traced the problem to intake valves that can fracture inside some 2.7-liter and 3-liter turbocharged engines. Documents say the probe opened in May of 2022 ended up covering more than 411,000 vehicles from the 2021 and 2022 model years including the Ford F-150 Bronco, Edge and Explorer as well as the Lincoln Aviator and Nautilus. The agency was looking into catastrophic engine failures caused by intake valves fracturing, dropping into the cylinder and hitting the piston. The documents say a forensic analysis of fractured valves found that when the they were made by a parts supplier, the temperature got too high, making them brittle and likely to fracture during normal engine use. An anal
L & T Technology Services Limited (BSEUnder the terms of the 5-year agreement, LTTS will work with the customer to deliver solutions leveraging its e-mobility technology competence. Notably, this will be delivered from LTTS' ER & D center in Krakow, Poland.LTTS plans to have over 300 engineers working from its Krakow, Poland center in the next 3 years, marking its expansion into Eastern Europe.Amit Chadha, CEO & Managing Director, L & T Technology Services said, "We have been investing in Electric, Autonomous and Connected Vehicle (EACV) as part of our 6 big bets and our engineers have developed several new scalable e-mobility solutions that can accelerate global automotive players' EV development journey.This landmark deal reinforces that our strategic investment is paying off and establishes LTTS' dominant position in the EACV landscape. The Krakow R & D center will serve as a nearshore center to Western European and North American clientele across ...