Polaris to Launch its First Electric Vehicle

The Polaris Slingshot
The Polaris Slingshot
TT

Polaris to Launch its First Electric Vehicle

The Polaris Slingshot
The Polaris Slingshot

Motorcycle and all-terrain vehicle maker Polaris Inc on Monday unveiled plans to launch its first electric vehicle, with an aim to advance the company's position in the electric vehicle market.

Polaris said the full-size Ranger, which it is developing in partnership with Zero Motorcycles, will launch in late December.

Deliveries of the vehicle will start in early 2022.

In 2017, the company had said it planned to launch an electric bike under its marque Indian brand in four to five years. It is yet to provide an update on those plans.



Bosch to Cut Hours for 10,000 Workers in Germany

The logo of Bosch is seen at an office building in Kyiv, Ukraine July 6, 2020. REUTERS/Valentyn Ogirenko/File Photo
The logo of Bosch is seen at an office building in Kyiv, Ukraine July 6, 2020. REUTERS/Valentyn Ogirenko/File Photo
TT

Bosch to Cut Hours for 10,000 Workers in Germany

The logo of Bosch is seen at an office building in Kyiv, Ukraine July 6, 2020. REUTERS/Valentyn Ogirenko/File Photo
The logo of Bosch is seen at an office building in Kyiv, Ukraine July 6, 2020. REUTERS/Valentyn Ogirenko/File Photo

Robert Bosch, the world's largest car parts supplier, will reduce the working hours and pay of around 10,000 employees in Germany, going beyond previously announced reductions and in addition to thousands of job cuts announced on Friday.

In the latest sign of the challenges facing Germany's auto sector due to weak demand and competition from cheaper Chinese rivals, Bosch had said on Friday it would cut up to 5,550 jobs, a day after saying it would cut the working hours of 450 staff, Reuters reported.

Staff mostly on 38- or 40-hour contracts at sites around Germany will have their hours reduced to 35 hours, a spokesperson said on Saturday, confirming a report by dpa news agency.

The slowdown in the German car sector has also shaken Volkswagen, which is in an escalating dispute with workers over plans to close plants in Germany, and Mercedes , which has vowed to make tougher cost cuts.