Category: Auto

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 nearly 15,000 people...
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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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Hyundai Institutes Task Force To Support Customers In Cyclone Affected Area
May 30, 2020 No Responses

Hyundai Institutes Task Force To Support Customers In Cyclone Affected Area

Hyundai Motor has formed a relief task force to support its customers impacted by cyclone Amphan in West Bengal of India.As part of the initiative, the company has positioned dedicated emergency roadside assistance service teams to support the cyclone affected...
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Renault Sacks 15,000 Workers
May 30, 2020 No Responses

Renault Sacks 15,000 Workers

French carmaker,  Renault on Friday announced 15,000 job cuts worldwide as part of a 2 billion-euro cost-cutting plan over three years. Renault said on Friday that nearly 4,600 jobs will be cut in France in addition to more than 10,000 in...
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Nissan To Unveil 12 New Models In 18 Months
May 29, 2020 No Responses

Nissan To Unveil 12 New Models In 18 Months

Japanese carmaker,  Nissan Motor is to focus on cost-rationalisation and market prioritisation for achieving sustainable growth, financial stability and profitability.Meanwhile, with an aim to introduce 12 new models in the next 18 months, the company wants ...
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Stallion Group Unveils Stallion Africar Multi-Brand Auto Sales Portal
May 29, 2020 No Responses

Stallion Group Unveils Stallion Africar Multi-Brand Auto Sales Portal

By Moses Ebosele, ebosele@hotmail.com — Foremost conglomerate, Stallion Group Nigeria has unveiled its end-to-end digital multi brand portal identified as www.stallionafricar.com.  The Multi-brand Auto giant believes that a sizable business wi...
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Kia To Offer Customers Special Insurance Protection
May 29, 2020 No Responses

Kia To Offer Customers Special Insurance Protection

Korean carmaker Kia plans to offer insurance in Europe which protects clients from having to make monthly payments on a new vehicle if they lose their job, a scheme designed to entice reticent customers back into showrooms after the coronavirus shutdown.The.....
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Renault-Nissan-Mitsubishi Presents New Business Model
May 28, 2020 No Responses

Renault-Nissan-Mitsubishi Presents New Business Model

As part of measures to enhance competitiveness and profitability, members of one of the world’s leading automotive alliances, Groupe Renault, Nissan Motor and Mitsubishi Motor Corporation on Wednesday announced several initiatives.Under the arrangement, memb...
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Hyundai, LG Seal Electric Vehicle Deal
May 28, 2020 No Responses

Hyundai, LG Seal Electric Vehicle Deal

Hyundai Motor Group has picked LG Chem as one of the battery suppliers for its upcoming new electric vehicles.  Agency Reports on Wednesday quote the Group’s spokesperson as saying details of the supply contract including the electric vehicle ...
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France Unveils $8.8b Support For Ailing Car Industry
May 27, 2020 No Responses

France Unveils $8.8b Support For Ailing Car Industry

French President,  Emmanuel Macron unveiled Tuesday an 8 billion-euro ($8.8 billion) plan to save the country’s car industry from huge losses wrought by virus lockdowns, including a big boost for electric vehicles.The plan includes government subsidie...
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Daimler Appoints Philipp Schiemer As CEO Of Mercedes-AMG
May 27, 2020 No Responses

Daimler Appoints Philipp Schiemer As CEO Of Mercedes-AMG

German automobile giant, Daimler on Tuesday has announced that Philipp Schiemer has been appointed as CEO of AMG, Mercedes-Benz’s high-performance subsidiary. He will move from his current position as the head of Mercedes-Benz do Brasil Ltda. Also, the au...
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