Category: Auto

At AGM, Toyota Vows To Remain Profitable
June 14, 2020 No Responses

At AGM, Toyota Vows To Remain Profitable

The Chief Executive Officer of Toyota Motor Corporation,  Akio Toyoda told shareholders at the automaker’s annual meeting that the company will remain profitable during the coronavirus pandemic, using lessons it learned during the global financial crisis more than a decade ago,As...
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Ford Recalls 2.5m Vehicles
June 11, 2020 No Responses

Ford Recalls 2.5m Vehicles

Ford is recalling about 2.5 million vehicles in the U.S., Canada and elsewhere because of a nagging door latch problem and a brake fluid leak.The door latch recall covers more than 2.1 million cars, SUVs and vans in the U.S. The...
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Covid-19: Ford Re-Evaluates Office Space
June 9, 2020 No Responses

Covid-19: Ford Re-Evaluates Office Space

Ford Motor Co is re-evaluating how much office space it needs for white-collar workers as restrictions put in place during the coronavirus pandemic are eased and employees return to workplaces.In March, Ford, General Motors Co and Fiat Chrysler Automobiles...
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GAC Delivers First All-Electric Vehicle GE3
June 8, 2020 No Responses

GAC Delivers First All-Electric Vehicle GE3

Chinese OEM GAC Motor has  completed the first overseas delivery of its all-electric vehicle, the GE3 SUV. Yakov Ben Hion, the first international GE3 owner, is a technology enthusiast and environmentalist.  A statement quoted the owner as ...
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Jaguar Land Rover Secures $705m Loan
June 6, 2020 No Responses

Jaguar Land Rover Secures $705m Loan

Jaguar Land Rover (JLR) has entered into agreements with lenders in China for a secured term loan facility of 5 billion yuan ($704.50 million).. JLR’s vice president and China chief financial officer, Arthur Yu, said the Chinese banks that would pro...
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SHACMAN Nigeria Boosts Product Range With Fire Trucks
June 5, 2020 No Responses

SHACMAN Nigeria Boosts Product Range With Fire Trucks

SHACMAN Nigeria  has introduced two models of fire trucks to its range of trucks.In a statement sent to City Business News (www.citybusinessnews.com) on Friday, the company  explained that the two new fire trucks  as SHACMAN ...
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Germany Unveils $130b Stimulus To Kickstart Economy As Car Sales Drop By Half
June 5, 2020 No Responses

Germany Unveils $130b Stimulus To Kickstart Economy As Car Sales Drop By Half

Germany will plough 130 billion euros ($146 billion) into a stimulus package to kick-start an economy severely hit by the coronavirus pandemic, Chancellor Angela Merkel has said.Under the wide-ranging measures outlined in a 15-page document, value-ad...
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Hyundai Projects More Sales Though Digital Platforms
June 4, 2020 No Responses

Hyundai Projects More Sales Though Digital Platforms

Hyundai Motor has projected more sales in India through digital platforms in the coming months. Keeping this in mind, the country’s second largest passenger vehicle manufacturer, on Wednesday launched an updated version of its vehicle research and selling pl...
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Mercedes-Benz Unveils Digital Sales Platform
June 4, 2020 No Responses

Mercedes-Benz Unveils Digital Sales Platform

In keeping with auto industry trends of going digital, Mercedes-Benz has unveiled digital sales platform for customers in the India market. Through ‘Merc from Home’, Mercedes-Benz customers can make a booking, purchase a new car and get it delivered at...
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France Approves $5.6b Emergency Loan For Renault
June 3, 2020 No Responses

France Approves $5.6b Emergency Loan For Renault

The French government said Tuesday that it had signed off on a state-backed loan of five billion euros ($5.6 billion) for carmaker Renault, where the coronavirus crisis has compounded months of management turbulence and prompted the company to lay off nearl...
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Hyundai Delivers 217,510 Units Worldwide In May
June 2, 2020 No Responses

Hyundai Delivers 217,510 Units Worldwide In May

The South Korean carmaker,  Hyundai Motor Company on Monday reported a 39.3 percent decline in global sales at 217,510 units in the month of May due to slowing economic activities around the world caused by the COVID-19 pandemic.The company had sold...
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Kia Unveils Updated Seltos SUV
June 2, 2020 No Responses

Kia Unveils Updated Seltos SUV

 Kia Motors on Monday  announced the introduction of the updated Seltos Sports Utility Vehicle (SUV) in the India market. According to Kia, the new Seltos boast of 10 new features onboard, which include Emergency Stop Signal (ESS), Smart-Key Rem...
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Hyundai Motor, Sony Pictures Entertainment Seal Promotional Partnership
June 1, 2020 No Responses

Hyundai Motor, Sony Pictures Entertainment Seal Promotional Partnership

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Hyundai Exports 5,000 Units In May
June 1, 2020 No Responses

Hyundai Exports 5,000 Units In May

For the Month of May 2020, South Korean carmaker,  Hyundai Motor exported over 5,000 units of cars from India after restarting production.The Managing Director & Chief Executive Officer,  Hyundai Motor India Ltd, S S Kim, in a statement at the...
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