Latest news with #Autos
United News of India
06-07-2025
- Business
- United News of India
AP: Central trade unions campaign against labour Codes
Kakinada, July 6(UNI): Central trade unions have launched auto rickshaw campaign against the four labour codes and also in support of their demand for remunerative prices for farmers. They called upon the people to support the nationwide strike on July 9 in support of their demands including increase of minimum wage to Rs.26,000, constitution of welfare Boards for Hamalis, auto workers and building construction workers. CITU district president Duvva Seshu Babji flagged off the Autos campaign at the Dr Ambedkar statue in Indrapalem locks center here on Sunday . Central trade union leaders including IFTU state vice president J Venkateswerlu, AITUC district general secretary Thokala Prasad, INTUC AP and Telangana state organizing secretary Thalluri Raju, Asha workers union city president Ankadi Padmavati, Mess workers union city president Yechuri Sreenu, CITU district general secretary Chekkala Rajkumar addressed the workers on the occasion They said arrangements were being made to make July 9 nationwide strike a success and in Kakinada district alone 50,000 workers will be participating. They criticized the district administration for keeping silent when several local employees were being removed in Rak ceramics, Pattabhi rice mills and in other industries. They demanded 75 percent of the jobs to locals in industries located in Kakinada and surrounding areas . Banks, Insurance, postal, Port employees also would be joining the strike, they claimed. UNI XC KNR
Yahoo
28-06-2025
- Automotive
- Yahoo
Former Ferrari F1 Chairman Joins McLaren Group Holdings, Claims 'Heart Will Always Remain Red'
The former Ferrari Chairman Luca di Montezemolo has been added to the McLaren Group Holdings board as a director. This move comes 11 years after di Montezemolo stepped down from the role of Ferrari Chairman, where he helped lead the Italian team's highly successful years with Michael Schumacher. The role is focused on the British auto companies' road cars, and the proud Italian businessman is adamant that he will not find himself working with the F1 team in any meaningful way. Di Montezemolo told the Italian outfit Ansa that his work with McLaren was in Autos and 'not in the racing sector.' "My heart is and will always remain red," di Montezemolo told Ansa. "I have become a member of the board of directors of McLaren Automotive, which produces road cars and does not deal with Formula One." Since leaving Ferrari, the 77-year-old has been took over the Italian airline Alitalia and worked towards a failed attempt to bring the Olympics to Rome in 2024, joining the Italian National Olympic Committee in 2015. The Italian businessman was a guest of McLaren at McLaren Auto's second home track in Bahrain earlier this year. The Bahrain Grand Prix saw a McLaren winner for the first time, with Oscar Piastri taking his second win of the season, moving within three points of his teammate, Lando Norris, for the championship lead. Piastri would take the lead the following Grand Prix and has held it since, with the duo controlling the Drivers Championship and Constructors Championship so far. In McLaren's structure, the two sectors are loosely tied with share ownership between the groups. McLaren Group Holdings owns shares of McLaren Group Limited, which is the majority owner of McLaren Racing Limited, which includes the F1 team. You Might Also Like You Need a Torque Wrench in Your Toolbox Tested: Best Car Interior Cleaners The Man Who Signs Every Car Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Motor Trend
07-06-2025
- Automotive
- Motor Trend
Hyundai's Hydrogen Fuel Cell Technology - Episode 45
© 2025 MotorTrend | MOTOR TREND GROUP, LLC. ALL RIGHTS RESERVED. Hearst Autos, Inc. recently acquired the website and MotorTrend mobile application from Warner Bros. Discovery. During a transition period, your use of the website and mobile application will continue to be governed by the practices described in the Warner Bros. Discovery Privacy Policy and the Terms of Use
Bloomberg
27-05-2025
- Automotive
- Bloomberg
European Stocks Retreat on Yield Worries; Renewable Energy Drops
European stocks fell on Thursday as worries over rising bond yields curbed investor appetite for risky assets. The Stoxx Europe 600 Index dropped 0.6% by the close, following steep declines Wednesday across US markets after a disappointing Treasury auction sent yields surging. Consumer products and autos were the biggest laggards, while the personal care and chemical sectors outperformed.
Miami Herald
26-05-2025
- Business
- Miami Herald
Billionaire fund manager's message on trade deficit may shock you
There's significant debate this year over tariffs. Proponents think tariffs will strongarm a return to US manufacturing while opponents believe tariffs are a consumer tax that could send the U.S. economy reeling. President Trump falls firmly into the tariffs-are-good camp. So far, he's slapped 25% tariffs on Canada, Mexico, and Autos. He also instituted a 10% baseline tariff on imports, and despite a recent rollback, still maintains a hefty 30% tariff on China, one of our largest trading partners. Related: Fed official sends strong message about interest-rate cuts Trump has even gone so far as to propose a whopper 50% tariff on the European Union, plus 25% tariffs on Apple iPhones and Samsung smartphones. All of these decisions are designed to reduce the U.S. trade deficit. The deficit for goods alone was a record $1.21 trillion last year, up from $1.18 trillion in 2022. The moves may encourage commitments to create new manufacturing plants in America, but not everyone is convinced that trade deficits justify tariffs, including Billionaire Ken Fisher, founder of Fisher Investments, which has nearly $300 billion in assets under management. Michael M. Santiago/Getty Images Trade deficits aren't necessarily a good thing, but they're not necessarily bad either. Increased imports from lower-cost countries can mean lost jobs, particularly in industries where labor costs are high, or gross margins are small. As a result, manufacturing jobs have been hit hardest by the trade deficit. Related: Billionaire fund manager has sharp one-word reaction to tariff's impact on manufacturing While job losses are concerning, trade deficits also mean that US consumers benefit from deflationary forces associated with importing goods from low-cost countries, like China. Clothing, electronics, car parts, and yes, iPhones, for instance, are much less expensive than they'd be if they were built in the United States. As a result, whether trade deficits are good or bad is likely influenced by your personal situation. Zoom out, however, and you realize that trade deficits aren't nearly as big of a problem for the US economy as other challenges, including inflation, which zaps economic activity, causing job losses, or mounting U.S. debt, which threatens higher interest rates on everything from credit cards to mortgages. In a recent post on "X," Fisher debunked the concept that trade deficits are bad, going as far as to label the idea as "ignorant." "Countries have run trade deficits, surpluses forever," said Fisher. "They've never been causal. People are afraid of the word deficit because it sounds bad... In reality, it's just an accounting model." Related: Jamie Dimon sends terse message on stocks, economy Fisher points out that this accounting simply measures the flow of money. Trade deficits or surpluses don't cause economic outcomes, they're a byproduct of them. As evidence, he points toward Germany and France, two very close trading partners similar to the U.S. and Mexico. Germany has long run a trade surplus and France a trade deficit with one another, yet each has seen their economy grow similarly. To further make his point, he says each of us "runs a trade deficit most of our life," because "you buy stuff," like groceries, exchanging our money for goods and services in a "one-way negative cash flow" relationship. "Is that deficit costing you?" Said Fisher. "No. You do something else outside somewhere that gets you what you need elsewhere." Fisher also points out that states have trade imbalances with other states, including some of the fastest growing states, like Tennessee or Georgia, that run negative trade balances. "America, land of the free home of the brave, has grown faster than most all of the countries that have trade surpluses against us," said Fisher. "We're doing other things that make use grow faster, as we grow faster, we become wealthier." Related: Veteran fund manager unveils eye-popping S&P 500 forecast The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
