Shares in Vermilion Energy Inc. traded lower on Monday after the company announced the unexpected, immediate departure of its president and CEO Anthony Marino and its decision to go forward without a chief executive. Company chairman and co-founder Lorenzo Donadeo, who was CEO from 2003 to 2016, has been named executive chairman and will he…
Bosch expects return to peak volume levels of 2018 only in 4-6 years, which will impact industry output and its own financials; stock has lost 30% over the past three months. The management of the Indian subsidiary of German auto ancillary major Bosch expects the automobile industry to take four to s
Orbitless will be participating in the TechFounders Virtual Demo Day on May 28. TechFounders is a 20-week international accelerator program based in Munich, Germany. The accelerator brings tech startups together with corporate partners and venture capitalists. The Orbitless Drive is a novel gearbox platform provid
GWJ Technology has updated its web-based calculation software eAssistant. The calculation of plastic gears is now available. In addition to the common calculation methods for the load capacity DIN 3990, ISO 6336 and ANSI/AGMA 2101, the calculation method VDI 2736 for plastic gears was added to the cylindrical gear
SMIPL Managing Director Koichiro Hirao said the company has resumed retail and dispatch services in almost all parts of the country except those in containment zones as per the government directives. Suzuki Motorcycle India Pvt Ltd (SMIPL) on Friday said 50 per cent of its dealership has reopened following re
Cracks were found inside 241,921 cars made by BMW, in 79 models including the 520d the report said adding that they were found to have cracks inside their exhaust gas coolers. The South Korean Ministry for Land, Infrastructure and Transport on Friday announced that it would recall 549,931 units of 126 models f
TKM also said that more than 290 dealerships across the country are now partially operational and close to 230 service centres are operational across India. Toyota Kirloskar Motor (TKM) on Monday has announced that it will resume production at its Bidadi plant in Bangalore from 26th May, after monthlong shutd
To get through the pandemic phase, the company informed that its employees voluntarily proposed the salary cut for a few months. At a time when the industry is paralysed by the Covid-19 contagion, two-wheeler manufacturer TVS Motor Company has decided a pay cut for its employees starting from the month of May,
launch of the ID.31 marks the start of the agency model for private customers and small commercial enterprises German carmaker Volkswagen informed recently that all its retail partners have signed the agreement for the new sales model for vehicles from the all-electric ID. family. As per the automaker, the sale
Palmer and Germany's Daimler AG , which owns a 5% stake in Aston Martin and supplies the carmaker with Mercedes-AMG engines, also declined to comment. Aston Martin Chief Executive Andy Palmer is leaving the business as part of a management shake-up and will be replaced by Tobias Moers, CEO of&
SMG manufactures cars on a contract basis for Maruti Suzuki India. Maruti Suzuki India (MSI) on Monday said Suzuki Motor Gujarat (SMG) has restarted production of vehicles, from May 25, 2020. The company has been informed by SMG, that the resumption is strictly in accordance with the Gove
At the Nominating Committee on May 15, NTN has decided to submit the following candidates for Directors to the Annual General Meeting of Shareholders.
The organizers of PCIM Asia have confirmed that the 2020 edition of the fair will now take place from November 16-18 due in part to disruptions to international travel resulting from the COVID-19 outbreak. Scheduled to take place in early July in Shanghai, the exhibition and conference for power electronics, intelligent motion, renewable ene…
KML Bearing USA meets the need for greater sanitation in food and beverage manufacturing with its Stand-Out Mounted Bearings that incorporate a Poly-Guard IP69K Sealing System, offering the highest level of sanitary enclosure in high-moisture applications. As federal agencies such as the U.S. Food and Drug Administration (FDA) place a hi
Brent crude was up 14 cents, or 0.4 per cent, at $36.20 a barrel by 0040 GMT, after gaining nearly 1 per cent on Thursday. The contract is heading for a jump of more than 10 per cent for the week Oil prices were on the rise on Friday, heading for a fourth straight week of gains, amid more evidence that fuel demand&
