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Elections 2025Automobile / The Economic Times
The United States and European Union have finalized a trade deal. The US will impose a 15% tariff on most EU imports. This includes autos, pharmaceuticals, semiconductors, and lumber. The US will lower car tariffs once the EU cuts tariffs on US goods. Tariff relief could come soon. The EU will eliminate tariffs on all US industrial goods.
General Motors reveals two futuristic Chevrolet Corvette concept cars - the electric CX and hybrid CX.R, featuring fighter jet-inspired designs, 2,000 horsepower powertrains, and innovative canopy openings at California's Quail automotive event
Auto sales rose 1.6%. They appear to have returned roughly to normalized spending after a surge in March and April as Americans attempted to get ahead of Trump's 25% duty on imported cars and parts and then a slump after that, according to Samuel Tombs, chief US Economist at Pantheon Macroeconomics.
Brightcom Group has announced the launch of 'Brightcom Defence,' a new division dedicated to developing next-generation aerospace intelligence and autonomous aerial defense software. Approved by the company's Board, this strategic move aims to capitalize on the rapidly growing markets for advanced defense solutions. Brightcom Defence will focus on AI-powered UAV systems, mission simulation, cybersecurity, and real-time threat detection.
Tata Motors' financial stability is expected to mitigate the effects of its commercial vehicle business separation and the planned acquisition of Iveco. S&P Global Ratings believes the Iveco purchase will strategically expand Tata Motors' reach. The passenger vehicle division will be housed under Tata Motors Passenger Vehicles Ltd.
The Indian Army's Minefield Marking Equipment Mk-II, mounted on a TATRA 6x6 vehicle, enhances minefield marking efficiency. This semi-automatic system erects pickets at adjustable intervals, rolling out ropes with minimal manual intervention. Capable of covering 1.2 kilometers per hour, it uses a linear motor for picket placement and supports up to 15 kilometers of fencing per run.
The US Food and Drug Administration has approved a new medical device for rheumatoid arthritis. The SetPoint System is an implant that stimulates the vagus nerve. It reduces inflammation by re-educating the immune system. Clinical trials show promising results with reduced joint pain and swelling. Experts express cautious optimism about this drug-free approach.
The Rajya Sabha was informed that service rendered by an employee in an autonomous body will be considered for gratuity in the central government, according to the Department of Pension and Pensioners' Welfare. This applies to employees with National Pension System (NPS) who resign with permission to join the government. The All India NPS Employees Federation has welcomed this move.
Mumbai local train commuters will soon experience improved services. Indian Railways plans to add more coaches to increase passenger capacity. New air-conditioned local trains are being procured for comfortable travel. Non-AC trains with automatic doors will be introduced by 2025 for enhanced safety. Focus is on expansion, safety, and station redevelopment.
A woman in India faced an unpleasant auto ride. The driver stopped before her destination. He questioned her job choice and salary. This incident sparked online debate. Another commuter in Bengaluru reported a driver browsing Instagram. He even slowed down to view an actress's profile. These incidents highlight the challenges of auto rides in India.
Perplexity AI's CEO, Aravind Srinivas, unveils Comet, an AI browser poised to automate recruiting and administrative roles. Comet can source candidates, manage emails, and schedule meetings, potentially impacting white-collar jobs. While some executives foresee job displacement, others view AI as a tool for augmentation, highlighting the evolving debate on AI's role in the workplace.
Tiana Death, a former Australian athletics champion, has revealed her diagnosis of autoimmune encephalitis, a rare neurological condition. This announcement comes two years after she suffered a major seizure and collapse at home. The 24-year-old athlete experienced severe symptoms, including memory loss and the inability to walk or talk, before receiving the correct diagnosis and beginning treatment.
A Miami jury has found Tesla partially responsible for a fatal 2019 crash involving its Autopilot system, awarding over $240 million in damages. The jury determined Tesla's technology failed, contributing to the accident even though the driver admitted to distracted driving.
Senior industry executives believe the new US tariffs and penalties are unlikely to affect India's $7 billion auto parts exports to the US. They anticipate the levy to be a 'reciprocal tariff,' not applicable to automobile and component manufacturers. Since auto component exports already face a 25% duty in the US, the new levy maintains existing competitiveness.
United States and the European Union finalized a comprehensive trade deal that places a 15 per cent tariff on most EU goods entering the U.S., up from earlier proposed rates as high as 30 per cent.

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