Porsche officials believe that Rimac has displayed its impressive credentials in the field of electric mobility by developing purely electric super-sports cars like Concept One and C Two along with the core vehicle systems.
Britain was the third largest market for zero emission vehicles in the EU last year and the largest for plug-in hybrids, the group said in the report obtained by AFP.
In his email to staff, Musk said Tesla was "flattening the management structure to improve communication," combining functions and trimming activities "not vital to the success of our mission" in the reorganization.
The all-electric Rimac Concept Two is currently on display in the ongoing Geneva Motor Show.
The Indian-owned automaker, which makes just under one in three of Britain's 1.7 million cars at three factories, is building its new I-PACE electric model in Austria.
Tata Motors had bagged order from state-owned EESL to supply 350 electric cars, while rival Mahindra & Mahindra will supply 150 electric cars.
After having installed an electric vehicle charging station at Vikhroli, Tata Power recently set up EV charging stations at malls in Mumbai's Lower Parel and Kurla areas.
Every segment of the company is focusing on improving products to make sure that we are not found wanting by the car makers for the kind of technologies they may need, said Vivek Chaand of Motherson Sumi.
Electric cars are "turning into a significant contributor to our performance while other automakers are just starting the journey", Chief Executive Carlos Ghosn said on Friday.
Most of those savings will not show up on Ford's bottom line until 2019 and 2020, Hackett and other Ford executives said, reflecting the industry's long product engineering lead times.
Nissan said this week it would recall all 1.2 million new passenger cars it sold in Japan over the past three years after discovering final vehicle inspections were not performed by authorised technicians at six factories.
This will be a first for the power sector-focused lender which has so far funded only thermal and renewable energy generation projects
Speaking on the sidelines of the International Motor Show in Frankfurt, Chief Executive Matthias Mueller said the firm was well-placed to take advantage of shifts in Chinese environmental policy.
Power utilities, tech start-ups and oil majors are fighting to establish themselves as the dominant players in the fast-growing business of charging stations “ but advances in electric vehicles means where they build them is changing.
"It is quite clear the future will be electric," Ralf Speth, Jaguar Land Rover chief executive, told CNBC on Tuesday.
Moreover, in order to fight pollution successfully, old cars need to be phased out for electric cars to give the desired result, Renault India MD Sumit Sawhney said.
JSW plans to roll out its first electric car by 2020, which will make it the first non-automotive company in India to enter electric car business, as well as making batteries and supporting charging infrastructure, Prashant Jain, chief executive of JSW Energy said on Friday.
Head of Mercedes Benz in India has raised questions about the government's plan to switch entirely to electric vehicles by 2030.
Audi, Volkswagen's main profit driver, plans to bring five new all-electric models to market in coming years, starting with the e-tron sport-utility vehicle (SUV) to be assembled from 2018 in Brussels.
An agreement with the city of Shanghai would allow Tesla to build its facilities in Lingang development zone and could come as soon as this week, the report said.
They said refiners should prepare for a future in which petrol, their biggest source of revenue, will be much less of a cash cow.
SsangYong aims to develop electric vehicles (EV) jointly with M&M and launch them in 2019. Besides there is also the plan to enter the US market around the same time.
In a recent statement, SoftBank Group, which has invested up to USD 500 million into the cab aggregator, said it plans to introduce 1 million electric cars in a matter of five years.
Canadian-American business magnate Elon Musk may be readying the launch of its electric cars under the Tesla brand in India during the summer months this year.
Suzuki Motor Corporation‘s India outfit Maruti Suzuki which has a 50 per cent share in the domestic passenger vehicle market, will become the biggest beneficiary of this mega deal.