Volvo Axes 800 U.S. Jobs After $500 Million Profit Plunge – Truck Demand Takes a Hit

Swedish commercial vehiclemaker Volvo Group has announced plans to cut up to 800 jobs across its US operations following a sharp decline in first-quarter earnings, as per media reports. The move is necessitated due to softening demand for heavy-duty trucks and rising global trade tensions. As part of its response, Gothenburg, Sweden-based firm stated that … Read more

‘100% tariffs create anxiety’: Tesla says still weighing when to enter India

Tesla is still undecided on when to start operations in India despite calling it a “very hot market,” with steep import duties continuing to cloud the company’s plans, CFO Vaibhav Taneja said on Tuesday. Speaking after Tesla’s dismal Q1 results -Taneja pointed to India’s 100% import tariffs as a key hurdle. “The same car which … Read more

2025 Honda Dio 125 gets a smart makeover: DLX and H-Smart variants announced

Honda’s 2025 Dio 125 gets a stylish upgrade with a 4.2-inch TFT display, smartphone connectivity, and a powerful engine. Available in two variants, DLX and H-Smart, it offers modern features for urban riders. Honda has released the 2025 version of its popular Dio 125 scooter. This new model gets an attractive upgrade with improvements, advanced … Read more