Mexican Media Brands
Skoda’s Chief in India Resigns
Sudhir Rao, who turned around the Indian operations of Volkswagen AG’s Skoda unit, tells the Economic Times he is leaving the company at the end of June to pursue “challenges outside the automotive industry.
#economics
Share
Sudhir Rao, who turned around the Indian operations of Volkswagen AG’s Skoda unit, tells the Economic Times he is leaving the company at the end of June to pursue “challenges outside the automotive industry.”
Rao took over as Skoda Auto India’s managing director—a position that had been vacant for four years—in 2012. Under his leadership, the unit cut costs by dropping its slow-selling Fabia five-door hatchback, reduces its workforce by 25% and moved the brand upmarket with models that carried higher profit margins.
Rao joined Skoda after four years as deputy managing director for Renault SA’s Indian unit. He previously spent more than 20 years with General Motors Co.
RELATED CONTENT
-
On Urban Transport, the Jeep Grand Wagoneer, Lamborghini and more
Why electric pods may be the future of urban transport, the amazing Jeep Grand Wagoneer, Lamborghini is a green pioneer, LMC on capacity utilization, an aluminum study gives the nod to. . .aluminum, and why McLaren is working with TUMI.
-
China and U.S. OEMs
When Ford announced its 3rd quarter earning on October 24, the official announcement said, in part, “Company revenue was up 3 percent year over year, with net income and company adjusted EBIT both down year over year, primarily driven by continued challenges in China.” The previous day, perhaps as a preemptive move to answer the question “If things are going poorly in China, what are you doing about it?, Ford announced that it was establishing Ford China as a stand-alone business unit.
-
Report Forecasts Huge Economic Upside for Self-Driving EVs
Widespread adoption of autonomous electric vehicles could provide $800 billion in annual social and economic benefits in the U.S. by 2050, according to a new report.