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Toyota Australia is aware it has lost sales to rival brands due to extended wait times for models such as the RAV4, and has implemented a solution to ensure the upcoming in-demand Prado won’t suffer the same fate.
California-based electric vehicle startup Fisker slashed the prices of some of its vehicles as it fights to avoid bankruptcy after a potential deal with another automaker fell through.
United Automobile, Aerospace and Agricultural Implement Workers of America president Shawn Fain is the UAW's most outspoken leader since Walter Reuther took the top job in 1946. An electrician by trade—and the proud owner today of a 2010 Dodge Charger («It’s got a Hemi,» he says) and a 1984 Chevrolet El Camino, handed down from his grandfather—Fain originally took a job at Chrysler's Kokomo, Indiana, factory in 1994. Becoming a union committee person, he ran against the grain of the union's national leadership, notably opposing givebacks agreed during the 2007–2009 recession.
Fisker has decided to temporarily halt production of its Ocean SUV for a duration of six weeks. This step has been taken as the brand is struggling to secure the required financial support, despite the USD 150 million (approximately Rs 1,244 crore) funding received from an existing investor. While the name of the investor is unknown, it seems that Fisker remains engaged in discussions with a prominent carmaker, rumoured to be Nissan, for additional funding.
Fisker has paused production of its Ocean electric SUV for six weeks as it seeks to draw down inventory and secure additional financing.
After a grim earnings call that included the announcement of mass layoffs in late February, Fisker, the electric vehicle startup manufacturer, announced a six-week pause in production starting today, March 18. According to a release issued by Fisker, the pause will help the manufacturer «align inventory levels and progress strategic and financing initiatives.» Despite the pause in production, the automaker is continuing negotiations with an unnamed «large automaker» to generate a strategic partnership between brands. The partnership could materialize as joint development of an EV platform or include manufacturing deals within the United States. Fisker confirmed that closing any negotiation will require the company to satisfy conditions described as «completion of due diligence and negotiation and execution of appropriate definitive agreements.» The company also announced a n
The fragile ecosystem called Earth is dependent on a mix of flora and fauna. Species, both herbivores and carnivores, thrive here thanks to the prevalence of air and water among other elements. However, this ecosystem is heavily intertwined with each other. Humankind lived in a false belief that it was the predominant species on Earth and over centuries has wreaked havoc in and around the world playing with nature. Such an event occurred in India too. The Tiger, which quite simply sits on top of the food chain was nearly wiped out from our country in the early 70s. To save the Tiger from extinction, the then government launched ‘Project Tiger’, an initiative which would work towards bringing the Tiger population in the country up, and in turn, this would result in saving our forests and in turn the ecosystem. Today, 50 years later, Tigers in our country are thriving and for this year’s Great India Drive, we decided to delve into this topic and explore the wilds of India. Adding to it was the fact that we were given the northern region to explore and quite instantly we chose to head to Corbett National Park, the very place where Project Tiger was launched in 1973. But with that, we also started thinking of finding out the true essence of the man called Jim Corbett.
Following recent reports that Fisker has been preparing for a possible bankruptcy filing, today the embattled automaker announced that it is suspending all manufacture of its electric vehicles.