Category: Auto

Hyundai Motor Extends Warranties For Vehicles Worldwide
April 9, 2020 No Responses

Hyundai Motor Extends Warranties For Vehicles Worldwide

Hyundai Motor Company has launched Hyundai C A R E, a warranty extension policy for its vehicles worldwide. The program aims to support Hyundai customers who may face difficulties in getting vehicle maintenance due to restricted access to service centers...
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Automakers Resort To Online Sales, Marketing
April 9, 2020 No Responses

Automakers Resort To Online Sales, Marketing

Automakers and dealers across the World are adopting online marketing and sales as part of measures to remain in business.  Indeed, automobile companies such as  Hyundai Motor India, MG Motor and Mercedes-Benz are turning to online portals to boost s...
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Audi Donates €5million To Tackle Covid-19
April 6, 2020 No Responses

Audi Donates €5million To Tackle Covid-19

Foremost German luxury car manufacturer, Audi has donated 5 million euro globally to help the governments and health sectors to fight against coronavirus crisis. Meanwhile, the automaker explained that it has initiated many projects at national and internation...
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COVID-19: Hyundai To Support Hospitals With Consumables, Ventilators
April 6, 2020 No Responses

COVID-19: Hyundai To Support Hospitals With Consumables, Ventilators

As part of its Corporate Social Responsibility (CSR), Hyundai Motors is to support fight against Coronavirus in India.  Under the arrangement, the company has announced that it will provide consumables to the hospitals across the country. Hyundai is also ...
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Daimler Secures $13b Loan Facility
April 4, 2020 No Responses

Daimler Secures $13b Loan Facility

Daimler has signed an agreement for a 12 billion euro ($13 billion) credit line to increase its financial flexibility in the current coronavirus crisis. The credit line comes in addition to an 11 billion euro revolving credit with a term...
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COVID-19: Stallion Group To supply Free Rice, Fish To Government-Run Hospitals
April 3, 2020 No Responses

COVID-19: Stallion Group To supply Free Rice, Fish To Government-Run Hospitals

Stallion Empowerment Initiative, the philanthropic arm of foremost conglomerate, Stallion Group, has pledged its support to Nigeria by committing to provide locally produced rice and fish to all the government-run hospitals dedicated to Coronavirus Disease for...
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Hyundai to establish Mobility Global Innovation Centre in Singapore
April 3, 2020 No Responses

Hyundai to establish Mobility Global Innovation Centre in Singapore

Foremost South Korean auto firm, Hyundai is to establish Mobility Global Innovation Centre (HMGIC) in Singapore with support from Singapore Economic Development Board (EDB).  The lab is focussing on exploring ideas to revolutionize R&D process, busine...
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Nissan Appoints Cartier As Chairman For Africa, Middle East, India Region
April 2, 2020 No Responses

Nissan Appoints Cartier As Chairman For Africa, Middle East, India Region

Nissan on Wednesday announced the appointment of Guillaume Cartier as Senior Vice President and Chairman for its Africa, Middle East, and India region (AMI) and Head of the Global Datsun Business Unit, effective from April 1, 2020. In this new...
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Kia Motors Delivers 8,583 Units In March
April 2, 2020 No Responses

Kia Motors Delivers 8,583 Units In March

For the month of March 2020, Kia Motors India on Wednesday announced that the company  sold 8,583 units.  Last month, the company sold 7,466 units of e Seltos and 1,117 units of Carnival MPV, the company said in a statement....
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Auto Sector Faces Biggest Crisis In 13 Years
March 31, 2020 No Responses

Auto Sector Faces Biggest Crisis In 13 Years

The automotive sector is facing its biggest challenge since the 2007-2009 financial crisis with 97% of light vehicle (LV) manufacturing plants in Europe and North America temporarily shut down.Already, key players in the sector are negotiating financial life l...
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Hyundai Seals Joint Venture As Heir Apparent Acquires 139,000 Shares
March 31, 2020 No Responses

Hyundai Seals Joint Venture As Heir Apparent Acquires 139,000 Shares

South Korean auto giant,  Hyundai Motor Group has joined hands with auto parts manufacturer Aptiv to form a joint venture that will develop autonomous driving technology. in a statement, the company explained that the two companies will have a 50-50...
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Toyota Seeks $9b Credit Line From Two Banks
March 31, 2020 No Responses

Toyota Seeks $9b Credit Line From Two Banks

Toyota Motor Corp. is seeking a 1 trillion yen ($9 billion) line of credit from Sumitomo Mitsui Banking Corp. and MUFG Bank Ltd as the Coronavirus pandemic is intensifying across the world. Agency reports indicates that  although Japan’s biggest automak...
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Daimler Negotiates $11.03b Credit Line
March 29, 2020 No Responses

Daimler Negotiates $11.03b Credit Line

Daimler is in talks with lenders for a credit facility of at least 10 billion euros ($11.03 billion) to help the car company cope with the coronavirus outbreak.  According to Bloomberg, an announcement on the final amount could come as...
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Volkswagen: Car Market To Recover In Summer
March 29, 2020 No Responses

Volkswagen: Car Market To Recover In Summer

Volkswagen expects the car market in Germany to recover in the summer after the auto maker was forced to suspend output due to the coronavirus pandemic.. “We assume that Germany will return to normal in the summer,” Juergen Stackmann, management...
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