Auto Business Archives — Page 12 of 47

October 3, 2021 No Responses

BMW Lifts 2021 Annual Profit Forecast To 9.5%-10.5%

The management of BMW AG has lifted its annual profit margin forecast to between 9.5% and 10.5% from 7% to 9%. The company in a statement also boosted its forecast for return on equity in its financial services segment to 20%-23% from...

October 3, 2021 No Responses

Bajaj Auto Records 402,021 Sales In September

Bajaj Auto’s total vehicle sales (domestic + exports) stood at 402,021 units in September 2021, marking a decline of 9% compared to 441,306 units recorded in the same month last year. The management of Bajaj Auto has also explained 16%...

October 3, 2021 No Responses

Toyota Outsells GM In Nine Months

Japanese automaker, Toyota Motor Corporation outsold General Motors Co in the United States for the first nine months of 2021 as the Detroit automaker grappled with production problems stemming from the semiconductor chip shortage.Toyota du...

October 2, 2021 No Responses

Rolls-Royce Targets All-Electric Range By 2030

Rolls-Royce will produce only electric cars by 2030, the luxury carmaker has said, joining other premium brands making the switch such as Volkswagen’s Bentley and Jaguar‘s Land Rover.The BMW-owned brand explained in a statement that its first...

October 2, 2021 No Responses

Hyundai Records 45,791 Sales In September

Hyundai Motors on Friday reported 34.2% decline in domestic sales in India to 33,087 units as against 50,313 units in September 2020.Total sales for the company stood at 45,791 units, down 23.6% in September. The company had sold 59,913 units in...

September 29, 2021 No Responses

Toyota Acquires Renovo

Toyota Motor Corporation Silicon Valley research arm has acquired automotive operating system software company Renovo to help accelerate the development of fully autonomous connected vehicles.“I am hoping to shave off years and months to our minimum via...

September 29, 2021 No Responses

Jaguar Land Rover Begins Bookings For New I-PACE

Jaguar Land Rover has commenced bookings for the new I-PACE Black in the India market. According to the company, the all-electric performance SUV’s appeal is heightened further by the creation of the I-PACE Black, which comes with...

September 28, 2021 No Responses

Rolls-Royce Spanish Unit Gets $2b Price Tag

The management of Rolls-Royce has agreed to sell its Spanish unit ITP Aero to a consortium led by Bain Capital Private Equity for 1.7 billion euros ($2.0 billion), bringing the British engineering company close to its 2-billion-pound target for disposal...

September 26, 2021 No Responses

Nissan Unveils Virtual Sales Advisor For Magnite SUV

Nissan has introduced a virtual sales advisor for prospective customers of its compact Magnite Sports Utility Vehicle (SUV) as part of its digital platform to enhance customers’ car buying experience. Virtual sales advisor, which has been launched b...