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Indian Automaker’s Plant Is Latest Sign of Detroit Comeback

AUBURN HILLS, Mich. — It has been years since Detroit, birthplace of the American auto industry, was a steady producer of the manufacturing jobs that defined it as the Motor City. But its comeback is entering a new phase. The latest milestone came Monday, with the announcement of the area’s first new vehicle assembly plant in 25 years. And the automaker making it happen is from, of all places, India. The company, the Mumbai-based Mahindra Group, said it would begin producing off-road recreational and work vehicles at the plant, in Auburn Hills, early next year. And it indicated that this might be just a first step in its ambitions for the American market. “None of us really know where this j

There could be a multitrillion-dollar opportunity waiting in India, Morgan Stanley says

India's push to digitize its economy could be an investment opportunity worth trillions, investment bank Morgan Stanley said Tracking the credit history of individuals or small and medium-sized businesses is expected to become simpler, which will lead to credit flowing to the right part of the economy, a Morgan Stanley executive said India's GDP will reach $6 trillion in 2027 if its digitization drive succeeds, according to the bank view the full article on cnbc.com

Tesla's new 'Megachargers' will give its Semis power for 400 miles in 30 minutes

Tesla's new Semi trucks are slated to boast a range of up to 500 miles per charge — but powering up those batteries will still be important to the truckers who have to drive long routes. The automaker will introduce an entirely new kind of charging station for its new big rigs: Megachargers. The units will be even more powerful than the Supercharger network Tesla already offers for its cars. Like the Supercharger network, the Megachargers will be built around the world to support the fleet, as Musk claimed truckers will be able to "travel anywhere in the world via the Megachargers." The new Megachargers will be solar-powered, so charging with them won't take any juice away from the rest of t

THIS IS THE TESLA SEMI TRUCK

The Tesla semi truck is a hulking and menacing hauler, with the presence of Darth Vader lurking from above when cast in the black hue, or more like an apparition in metallic silver-white. In other words: it’s exactly what we expect to see from Tesla, as it attempts to make a semi truck that lives up to the brand’s DNA of making the future seem cool. read the full article on theverge.com

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