Ford Motor Co on Wednesday outlined plans to boost spending on its electrification efforts by more than a third and said it aims to have 40 per cent of its global volume in all electric by 2030 in a move to have investors value it more like a technology company.

Under a plan dubbed “Ford+,” the No. 2 US auto maker said it now expects to spend more than $30 billion on electrification, including battery development, by 2030, up from its prior target of $22 billion. It has launched the all-electric Mustang Mach-E crossover, and plans to introduce electric versions of the Transit van and F-150 pickup.

Royal Enfield

Eicher Motors-owned Royal Enfield will shut its three south Indian manufacturing plants for three days to ensure safety amid rising Covid-19 cases, according to an internal note seen by Reuters and two sources.

Royal Enfield, the world’s biggest motorbike market, will shut its three manufacturing plants from May 27 to May 29, according to an internal note to workers.

“We will resume operations from Monday, May 31,” the internal note signed by Royal Enfield chief operating officer B. Govindarajan said.

Kia scheme

Kia India, a wholly owned subsidiary of Kia Corporation, has rolled out the ‘Satisfaction Guarantee Scheme’ offer for new buyers of its seven-seater MPV — Carnival.

Owners of the car can return the vehicle if they are not pleased with the car within the first 30 days of its purchase. Eligible customers need to ensure that the vehicle has clocked not more than 1,500 kilometers from the purchase date and is completely free of damages to be able to return the car. Reuters