Motor company – Seminole Tribe Motocross Thu, 04 Aug 2022 18:04:05 +0000 en-US hourly 1 Motor company – Seminole Tribe Motocross 32 32 FreightWaves Classics: Midwest tour ‘sold’ farmers to use trucks Thu, 04 Aug 2022 18:04:05 +0000

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Horse-drawn wagons remained in use well into the 1920s, especially in small towns and rural areas. But the large-scale use of horse-drawn wagons eventually came to an end. Once the roads were sufficiently improved, horse-drawn wagons simply could not compete with motorized trucks. While they might cost more upfront, trucks were significantly less expensive to operate and maintain over time.

A horse-drawn wagon in Deary, Idaho in 1906. (Photo:
A horse-drawn wagon in Deary, Idaho in 1906. (Photo:

However, trucks were a hard sell for many in the late 1910s and into the 1920s. Many rural roads were unimproved at this time. So if the farmers weren’t going to the truck manufacturers, the truck manufacturers decided to go to the farmers. The National Motor Truck Development Tour traveled to rural areas and farms to demonstrate truck use to potential customers.

Some of the trucks that went on the tour lined up in Chicago.  (Photo:
Some of the trucks that went on the tour lined up in Chicago. (Photo:

National Motor Truck Development Tour

On August 4, 1919, a convoy of flag-decorated trucks, accompanied by a number of automobiles, left Grant Park in Chicago for a 3,000-mile journey through the rural regions of six Midwestern states. “The purpose of the venture, which is the first of its kind, is to demonstrate to farmers in Illinois, Iowa, North and South Dakota, Minnesota and Wisconsin the various uses of driving force in agriculture”, reported the Chicago Grandstand. “In almost all of these stops, displays of motorized agricultural equipment will be held and discussed at farmers’ meetings, which will have been arranged in advance.”

The National Motor Truck Development Tour was organized by the National Association of Truck Sales Managers. William F. Sturm, a Indianapolis News journalist, served as general manager of the tour. Sturm was recognized as an expert in motor vehicles and long-distance travel.

The 13 truck builders who took part in the tour sought to capitalize on the growing use and appeal of trucks in the years immediately following World War I. Manufacturers were represented by one truck each. In addition to these trucks and the handful of automobiles, there was a service truck for repairs and a gasoline tanker.

Three of the tour trucks carried members of the US Navy Band. These military-musicians, under the command of Navy Lieutenant FM Willson, provided music along the route of the tour and sought to enlist recruits at various stages. There was also a crew filming the tour for a promotional film that was donated and shown by the United States Department of Agriculture.

A brochure for Selden, one of the circuit's truck builders.  (Photo:
A brochure for Selden, one of the circuit’s truck builders.

The multi-state tour lasted nearly nine weeks and concluded in Milwaukee on October 4. “The success of this motor truck tour was beyond expectation,” proclaimed the Chilton Tractor Journal. “Technically, the trucks ran to complete satisfaction,” the publication reported. “There has not been a single real delay of the convoy due to mechanical problems.”

Some of the truck manufacturers who participated in the National Motor Truck Development Tour were:

Two different Atlas trucks are seen in this commercial.  (Image:
Two different Atlas trucks are seen in this commercial. (Image:

The Atlas truck was built by Martin Truck & Body Corp. of York, Pennsylvania. Martin produced vehicle bodies; however, the company’s primary focus was Atlas 3/4 ton commercial trucks. These trucks had a common chassis with 33 body variants.

An advertisement for Bethlehem Trucks.
An advertisement for Bethlehem Trucks.

Bethlehem Motors Corporation was a manufacturer of tractors, automobiles, and trucks in Allentown, Pennsylvania between 1917 and 1926.

A Clydesdale Truck advert that appeared in Orchard and Farm magazine in 1920.
A Clydesdale Truck advert that appeared in Orchard and Farm magazine in 1920.

The Clydesdale Motor Truck Company was headquartered in Clyde, Ohio. The company was in operation from 1917 to 1939. Initially, the company manufactured “Liberty Trucks” for use in the First World War. Military contracts continued to be a significant part of the company’s business after the war, but it also sold trucks for general transport. , agricultural and specialized vehicles such as fire trucks.

An advertisement for the 1919 Master Truck. (Image:
An advertisement for the 1919 Master Truck. (Image:

Master Trucks, Inc. was located in Chicago, Illinois.

A restored 1921 Maxwell truck.  (Photo: Bill Crittenden/Crittenden Automotive Library)
A restored 1921 Maxwell truck.
(Photo: Bill Crittenden/Crittenden Automotive Library)

Maxwell Motor Company, Inc. started in 1904 as the Maxwell-Briscoe Company. For a time, Maxwell was considered one of America’s top three automakers, along with General Motors and Ford. Walter P. Chrysler took a controlling interest in the company in 1921 and when the Chrysler Corporation was founded in 1925 the Maxwell line was phased out.

A 1919 advertisement for Republic Trucks.
A 1919 advertisement for Republic Trucks.

The Republic Motor Truck Company was a commercial truck manufacturer (1913-1929), in Alma, Michigan. By 1918, it was recognized as the largest exclusive truck manufacturer in the world and the manufacturer of one out of every nine trucks on the roads of the United States. It was also a major supplier of “Liberty trucks” used by American troops during World War I.

The cover of a Selden Trucks brochure.  (Image:
The cover of a Selden Trucks brochure. (Image:

The Selden Motor Vehicle Company was founded in 1905 and was based in Rochester, New York. The company produced cars from 1909 to 1912. In 1913 the company was reorganized to produce trucks, where it was much more successful, producing trucks until the company was sold to the Hahn Motor Truck Company of Hamburg, Pennsylvania, in 1930.

Service Motor Truck Co. was based in Wabash, Indiana from 1911 to 1932. The company was reorganized in 1923 as Service Motors Inc. and purchased by Relay Motor Corp. in 1927.

A 1919 Winter truck. (Photo:
A 1919 Winter truck. (Photo:

The Winter Motor and Truck Company was incorporated in December 1916 in Kenosha, Wisconsin. The company began producing trucks in 1917. Its rear-wheel-drive Winther was followed closely by the four-wheel-drive Winther-Martin. In 1918, the company received a contract from the United States Army to assemble four-wheel-drive vehicles from parts supplied by other manufacturers. The company’s lighter trucks were used by farmers, while heavier models were created for logging, firefighting and snowplows.

The 1919 Motor Transport Corps convoy.  (Photo:
The 1919 Motor Transport Corps convoy. (Photo:

Motor Transport Corps convoy of 1919

The results achieved by the National Motor Truck Development Tour contrast with the United States Army’s first transcontinental motor convoy, which took place around the same time. The 1919 convoy was a U.S. Army Motor Transport Corps “truck train” that traveled more than 3,000 miles – from Washington, DC to Oakland, California. The convoy left Washington on July 7 and arrived in Oakland on September 6 (then transported to San Francisco).

The convoy started with 81 vehicles and trailers, including “34 heavy trucks, four light delivery trucks”, two mobile machine shops, a blacksmith shop and a demolition truck. The convoy experienced 230 road incidents (stops for adjustments, extrications, breakdowns and accidents). As a result of these incidents, nine vehicles did not complete the trip.

The convoy near Meyers, Colorado.  (Photo:
The convoy near Meyers, Colorado. (Photo:

The convoy consisted of “24 expeditionary officers, 15 War Department observation officers, and 258 enlisted men.” Of this group, 21 were injured en route and did not complete the journey.

Billions of dollars in deals can’t smooth the U.S. electric vehicle supply chain Wed, 03 Aug 2022 02:21:28 +0000


When it comes to electric vehicles, there’s no big US supply chain. Legendary automakers General Motors Co. and Ford Motor Co. just proved it.

General Motors signed three major agreements last week. They include a $10.8 billion deal with South Korea’s Posco Chemical Corp. for battery components or high-nickel cathode materials, as it plans to manufacture 1 million electric vehicles by December 2025. Parts will come from the industrial company’s Gwangyang plant.

Meanwhile, Ford said it would import low-cost lithium iron phosphate batteries from China’s Contemporary Amperex Technology Ltd, the world’s biggest maker of power supplies, as it tries to secure supplies in a context of global scarcity. He has also sealed deals to explore the purchase of lithium, nickel and cobalt from other non-US companies.

The latest moves to secure raw materials and components – in mid-2022 – mean turning to the barely-ruffled and tightly-knit Asian supply chain. And that comes years after big promises. GM Chairman and CEO Mary Barra has long spoken lyrically about the company’s huge electric ambitions, while at Ford CEO Jim Farley has pledged to spend $50 billion through 2026 to produce 2 million electric vehicles per year.

Earlier this year, GM announced it was expanding its North American-focused electric vehicle supply chain in a joint venture with Posco in Canada, establishing a materials processing plant in Quebec. At the time, executive vice president of global product development, purchasing and supply chain Doug Parks said the company was “creating a new, safer and more sustainable ecosystem for electric vehicles” , building on “a base of North American resources, technology and manufacturing expertise” while working to secure lithium and develop a rare earth value chain.

The problem is, it’s quite late in the game to do that. These commitments will not have immediate results: there will not even be anything to show for the next few years. Building deep and functional supply chains and then making them effective takes years, as China and Tesla Inc. have shown. Bringing in new battery suppliers is also time-consuming because they have to go through a multitude of certification steps, safety checks and adjustments to make the batteries compatible with cars. They don’t just fit in.

Looking at it in this light, it’s worth asking why these companies have made so little progress despite their big commitments, and why these ambitions – heralded over the past decade – never materialized into a vehicle manufacturing ecosystem. electricity or deeper supply networks across borders. Was it because they were dancing to the American tune of policy makers and hoping for better incentives? Maybe they just strayed too far from reality to realize that they were never going to build electric vehicles for wide-scale adoption anytime soon. To say that they were victims of geopolitical tensions is a way out. The other is that they just had no incentive to make and sell green cars, because big SUV margins kept things comfortable.

It would be unfair to put the blame entirely on the automakers. Policymakers have all but ruled out the ability of the United States to take all the innovation that is happening to the next level. The incentives don’t provide capital to companies that actually have a chance of making large-scale electric vehicles in the United States.

In China, meanwhile, industrial policy has created both demand and supply side incentives. Over the years, it was fine-tuned to weed out weak and smaller players that either didn’t produce quality or couldn’t keep up with changing technology standards.

But the United States is an alternate reality: a reality where electric vehicles still make up only about 0.6% of all registered vehicles. Even the latest action to accelerate the transition – the Inflation Reduction Act – while quite progressive and bold, is off topic when it comes to batteries (the most important part of building green cars). The requirements that 40% of the minerals essential to a vehicle’s battery, or 50% of its components, must come from the United States(1) have effectively excluded China. At such a critical time in EV adoption, it will likely ensure that the United States stays where it is: always after Beijing.

Yet, although China now leads in battery and material safety, the United States can regain its footing and claim parts of the global supply chain. It can advocate for widely available materials like boron or fund startups that boost electric vehicles and bolster the power grid. Companies are finding cheaper and better ways to make batteries, but can’t get the money and therefore scale. Some avoid expensive materials like nickel and cobalt. But as China has shown, just having your hands on the materials isn’t everything – having the ability to process them for powerpacks is what matters.

At this point, the United States must leverage its existing advantages, not just play catch-up.

More from Bloomberg Opinion:

• Manchin shock gives cleantech a welcome jolt: Liam Denning

• Does anyone actually make electric vehicles? : Anjani Trivedi

Electric car subsidies are not the best climate policy: Tyler Cowen

(1) Either country having a free trade agreement with the USA.

This column does not necessarily reflect the opinion of the Editorial Board or of Bloomberg LP and its owners.

Anjani Trivedi is a Bloomberg Opinion columnist covering industrial companies in Asia. Previously, she was a reporter for the Wall Street Journal.

More stories like this are available at

]]> ioneer signs binding lithium removal agreement with Prime Planet Energy & Solutions Sun, 31 Jul 2022 22:20:00 +0000

SYDNEY, July 31, 2022 /PRNewswire/ —

Strong points:

  • Lithium from ioneer’s Rhyolite Ridge project at Nevada will be provided directly to Prime Planet Energy & Solutions, Inc. (“PPES”)
  • In order to support the end-to-end supply chain of electrified vehicles in the United States and to realize ioneer’s initiatives, the lithium supplied by ioneer will be produced, refined and incorporated into lithium-ion batteries by PPES, which will promote electrification in the US market
  • The 5-year binding agreement covers a total of 4,000 tonnes per year of lithium carbonate from ioneer’s Rhyolite Ridge Lithium-Bore operation in Nevada and represents approximately 19% of the annual production of the first 5 years of production
  • Prime Planet Energy & Solutions is a battery joint venture between Toyota Motor Corporation and Panasonic Corporation

ioner executive chairman, James Calawaysaid:

“ioneer is grateful to announce another key milestone for our business with a lithium carbonate removal agreement with PPES. PPES is a world-class organization and we look forward to being their trusted partner. This agreement and the Previously announced Ford and EcoPro agreements reinforce ioneer’s focus on electric vehicle supply chain infrastructure in the U.S. We look forward to supplying lithium materials to PPES and all of our purchasing partners for their growth in the global electric vehicle market.”

President of the PPES, Hiroaki Koda said:

“I am delighted to have a great partnership with ioneer in the battery supply chain, which can promote the electrification of vehicles towards achieving a carbon neutral society. Having an agreement with ioneer provides PPES with a first step in securing a US supply of lithium, one of the most important elements to match the rapidly growing electrified vehicle industry.We have confidence in ioneer’s original lithium refining technology sedimentary and in its competitiveness, and we expect it to strengthen the PPES supply chain.

ioneer Ltd (“ioneer” or “the Company”) (ASX: INR, NASDAQ: IONR), an emerging supplier of lithium-boronis pleased to announce that it has signed a binding supply agreement (“Agreement”) with the Prime Planet Energy & Solutions (“PPES”) joint venture between Toyota Motor Corporation (“Toyota”) and Panasonic Corporation (“Panasonic “), in which ioneer will supply PPES with lithium carbonate from its Rhyolite Ridge Lithium-Boron project (“Rhyolite Ridge”) in Nevada.

PPES is a battery production company established through a joint investment between Toyota, the world’s largest automaker by revenue, and Panasonic, a leading battery manufacturer.

Under the agreement, ioneer will deliver 4,000 tonnes per annum (tpa) of lithium carbonate to PPES over a period of 5 years. PPES will use ioneer’s lithium carbonate to produce batteries for US electric vehicles.

ioneer is expected to produce an annual average of approximately 20,600 tonnes of lithium carbonate/hydroxide as well as approximately 174,400 tonnes of boric acid per year over the 26-year life of the Rhyolite Ridge project1. Dual production of lithium and boric acid allows ioneer to not only produce lithium in the United States, but to do so at the very bottom of the global cost curve. ioneer plans to start production in 2025 to meet urgent battery material needs in United States.

This agreement follows the two previous binding direct debit agreements2.3 and, in aggregate, represents the completion of the pre-production lithium carbonate supply commitments it currently intends to make for Rhyolite Ridge.

Key terms of the agreement with PPES include:

  • Product: lithium carbonate
  • Contract duration: 5 years
  • Volume: 4,000 tons per year
  • Price: Adjusted quarterly based on agreed pricing formula
  • Currency: USD per metric ton
  • Conditions precedent: ioneer final investment decision

This ASX version has been authorized by the Managing Director of ioneer, Bernard Rowe.


Matt Dempsey

FTI Council

Alex Cowie
Communications NRW

Investor and Media Relations (US)

Investor and Media Relations (AUS)

T: +1 202-412-4241

Such. : +61 412 952 610

E : [email protected]

E : [email protected]

About ioner

ioneer Ltd owns 100% of the Rhyolite Ridge Lithium-Bore project located in Nevada, United Statesthe only known lithium-boron deposit in North America and one of only two such deposits known in the world. The Definitive Feasibility Study (DFS) completed in 2020 confirmed Rhyolite Ridge as a world-class lithium-boron project that is expected to become a globally significant, long-lived, low-cost lithium-boron source. cost, vital for a sustainable future. In September 2021, ioneer has entered into a 50/50 joint venture agreement with Sibanye Stillwater Ltd to advance the Rhyolite Ridge project. ioneer will operate the project, which is expected to go live in 2025.

About Prime Planet Energy and Solutions

Prime Planet Energy & Solutions (PPES) is a leading developer and manufacturer of prismatic lithium-ion batteries, primarily for automotive applications. PPES offers optimal solutions that meet the needs of our customers using premium products with industry-leading safety, quality and performance, which have been developed and maintained with the cooperation of a wide range of business partners. In December 2017, Toyota Motor Corporation and Panasonic Corporation agree to begin exploring the feasibility of a joint automotive prismatic battery business. Both companies realized that the popularization of electrified vehicles would be necessary to help address pressing social issues such as global warming, air pollution, natural resource depletion and energy security, and that addressing the demand and expectations of customers around the world for electrified vehicles would help achieve a more sustainable society. Toyota and Panasonic have agreed to form a joint venture in January 2019 and this company, PPES, started its activities in April 2020.

  1. Refer to ASX publication titled “ioneer delivers definitive feasibility study that confirms Rhyolite Ridge is a world-class lithium boron project” announced April 30, 2020.
  2. Refer to ASX posting titled “ioneer signs binding lithium offtake agreement with Ford” announced July 22, 2022.
  3. Refer to the ASX publication titled “EcoPro Innovation Increases Lithium Withdrawal Volume from Rhyolite Ridge” published February 16, 2022.


These are your favorite automotive urban legends Fri, 29 Jul 2022 20:47:00 +0000
Image for article titled These are your favorite automotive urban legends

Photo: ping from San Francisco, USA, CC BY-SA 2.0, via Wikimedia Commons

TLDR: Mercedes-Benz killed off the Chrysler ME 4-12 concept car just before it hit production because their executives were pissed that mere American engineers could use Mercedes parts to build a better supercar than Mercedes them themselves.

When Chrysler and Mercedes-Benz merged at the turn of this century, the Germans wanted to see what Americans were made of, so they gave them free access to Mercedes’ resources and a blank check more or less to develop a supercar in a very limited window of time.

In less than a year, a team of just 11, consisting primarily of the all-new SRT team, created the Chrysler ME Four-Twelve: an aluminum and carbon fiber mid-engine supercar using a heavily Mercedes V12 engine. modified with 4 turbochargers. The thing made 850 horsepower, weighed less than 2900 pounds, used a 7-speed DCT, did the 1/4 mile in 10.6 seconds at 136 mph, and had a top speed of 248 mph. *In 2004.* At the time, it would have been the fastest and most powerful production car ever, eclipsed by the Veyron shortly thereafter.

“But, Cody,” I can hear you say, “it was just a concept car, they could do whatever they wanted, they weren’t going to build it!” Ah, my personal little strawman, that’s not quite right. This is where the urban legend part begins. You see, Mercedes actually wanted the ME 4-12 to go into production. They thought it would be fun to see Americans struggling to build a true European-style supercar, and didn’t expect big things. They reportedly told the SRT skunkworks team to have a car ready for production in mid-2004, it was to be symbolic of their merger and, as far as everyone on the project knew at the time, they were working on something they thought was going into production.

Legend has it that when Chrysler delivered the final production-ready prototype, it was so good it offended Mercedes executives. From their perspective, they were a master craftsman giving a toddler a set of lego blocks, leaving them alone for the afternoon, then returning to find a perfect 1:1 recreation of Michelangelo’s David. entirely in lego sitting in their hearth. Not only was the ME 4-12 objectively better than any car Mercedes itself could put into production, but it quite possibly set itself to be one of the greatest supercars of all time. They didn’t want Americans showing them, especially using Mercedes parts, so they ended up canceling the project. The official reasons given were more like “it was too expensive”, but the urban legend is that Mercedes killed one of the greatest cars of all time while it was still in the womb because their executives didn’t weren’t sure of its quality.

Sounds like the kind of story Chrysler engineers really have want to be true, more than the kind of story that is true. If anyone knows where to pick up this Lego Statue of David kit, let me know.

Submitted by: Cody Stewart

Tata Motors, Bajaj Finserv, Biocon, Bpcl and more Thu, 28 Jul 2022 01:51:18 +0000
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Bajaj Finserv, Dr. Reddy Laboratories, Intellect Design Arena, Jubilant Foodworks, Dr.Lal Pathlabs, Mahindra & Mahindra Financial Services, Nippon Life India Asset Management, Nestlé India, Punjab National Bank.  Payment Services, SBI Life Insurance Company, Shree Cement, Shriram Transport Finance Co, TVS Motor Company, Vedanta Limited, SBI Cards, Bajaj Holdings & Investissement, Equitas Small Finance Bank, Motilal Oswal Financial Services, Mangalore Refinery & Petrochemicals, Pnb Housing Finance , Welspun Enterprises, Q1 results, results, earnings, stocks to watch

Bajaj Finserv Ltd, Dr.Reddy’s Laboratories Ltd, Intellect Design Arena Ltd, Jubilant Foodworks Ltd, Dr.Lal Pathlabs Ltd, Mahindra & Mahindra Financial Services Ltd, Nippon Life India Asset Management Ltd, Nestle India Ltd, Punjab National Bank. Payment Services Ltd, SBI Life Insurance Company Ltd, Shree Cement Ltd, Shriram Transport Finance Co.Ltd, TVS Motor Company Ltd, Vedanta Limited SBI Cards, Bajaj Holdings & Investment Ltd, Equitas Small Finance Bank Ltd, Motilal Oswal Financial Services Ltd, Mangalore Refinery and Petrochemicals Ltd, Pnb Housing Finance Ltd, Welspun Enterprises Ltd | These companies will release their quarterly results today.

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Tata Motors, Tata Motorsshares, Q1 results, earnings, earnings, stocks to watch

Tata Motors Ltd | The local auto major on Wednesday reported a net loss of Rs 5,006.60 crore for the first quarter ended June 30, 2022. Total revenue stood at Rs 71,935 during the reporting period, up 8 .3% against Rs 66,406 crore during the corresponding period of the previous year. tax.

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BPCL, shares BPCL, BPRL, CCEA, shares to watch

Bharat Petroleum Corporation Ltd. | In a bid to boost overseas oil exploration, the Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi on Wednesday approved an additional investment of around Rs 12,000 crore for the development of the concession project BM-SEAL-11 in Brazil by Bharat PetroResources Ltd, a wholly owned subsidiary of BPCL.

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SpiceJet, SpiceJet Shares, DGCA, shares to watch

SpiceJet Ltd | The Directorate General of Civil Aviation (DGCA) acted on its show cause notice to the airline on Wednesday and reduced operations to 50% of its current departures which were approved as part of the summer timetable. . According to the DGCA’s interim order, SpiceJet’s operations have been cut for eight weeks from July 27, during which it will remain under the enhanced surveillance of the regulator. The airline must demonstrate sufficient technical support to the aviation regulator to be allowed to operate more than 50% of departures.

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Biocon, Biocon shares, Q1 results, results, earnings, stocks to watch

Biocon Ltd | The biotech major on Wednesday reported a 71.1% increase in year-on-year net profit to Rs 144.4 crore for the first quarter ended June 30, 2022. Operating income rose amounted to Rs 2,1395 crore during the review period, up 21.5. percent against Rs 1,760.6 crore during the corresponding period of the previous financial year.

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Hindustan Aeronautics Ltd | The state-owned company has signed a $100 million contract with Honeywell, a US-based engine manufacturer, to import 88 engines to power the Hindustan Turbo Trainer – 40 (HTT-40).

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Exide, Exide stocks, stocks to watch

Exide Industries Ltd | The country’s largest lead-acid battery manufacturer announced on Wednesday that it would set up a lithium-ion battery cell manufacturing plant in Bangalore, Karnataka.

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JK Lakshmi Cement Ltd | The cement company on Wednesday reported a 15.37% year-on-year drop in net profit to Rs 111.2 crore for the quarter ended June 30, 2022. Revenue stood at Rs 1,654, 1 crore, up 24.8% from Rs 1,325.6 crore in the same period last year.

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Dhampur Sugar Mills Ltd | The company on Wednesday announced a 26.2% year-on-year increase in its net profit to Rs 39.3 crore for the April-June quarter. Revenue increased by 48.2% to Rs 703.3 crore during the period under review.

Vehicles have dipped in quality according to JD Power Tue, 26 Jul 2022 01:26:15 +0000

One of the leading indicators of change in the automotive industry is JD Power’s Initial Quality Study in the United States. In 2022, JD Power said plug-in hybrids and battery electric vehicles had several issues, alongside other vehicles. The survey used responses from more than 84,000 new car buyers and lessees in the first months of 2022 to get a quality review. The study found that the vehicles dipped in quality.

The effect of the pandemic and the shortage of chips

Crisps | Getty Images

High vehicle prices, the pandemic, chip shortages and supply chain issues have significantly contributed to the low vehicle quality problem, according to JD Power. The shortage of semiconductor chips started in 2020 during the pandemic. Although COVID-19 has eased, the issues are not yet resolved and automakers are losing billions, with CNBC estimating lost revenue at $110 billion.