Auto Business Archives — Page 15 of 47

July 23, 2021 No Responses

Daimler Reports $4.3b Quarterly Profit

Germany – German auto maker Daimler reaped strong profits in the second quarter as demand for its Mercedes luxury cars continued to rebound from the depths of the pandemic, generating cash that the company can invest in its shift to electric vehicles.Profit margins...

July 22, 2021 No Responses

Kia, Hyundai To Develop Alkaline Water Electrolysis System

Kia Corporation and Hyundai Motor Company have signed a memorandum of understanding with Next Hydrogen Corporation, a Canadian company specialising in water electrolysis technology to bolster their efforts to usher in a global hydrogen...

July 21, 2021 No Responses

Volkswagen Introduces New Brand Design, Logo

German carmaker, Volkswagen Passenger Cars India on Tuesday said it is implementing a new brand design and logo across all its 150 dealerships in the country.Volkswagen is following a phase-wise approach, and it has implemented 30 touchpoi...

July 20, 2021 No Responses

VW To End Production, Sales Of Passat

The management of Volkswagen AG on Monday said it will end U.S. sales and production of the Passat sedan next year, the latest shift by automakers away from cars and toward larger sport utility vehicles.Volkswagen said it will end U.S. asse...

July 20, 2021 No Responses

Suzuki Stakes $13b On Electric Vehicles

Suzuki Motor Corp will enter the electric vehicle (EV) market by 2025 starting in its stronghold market India, Nikkei reported on Monday.The automaker plans an all-electric compact model to be made available for around 1.5 million yen ($13,626) after governm...

July 19, 2021 No Responses

Paris Auto Show, Equip Auto Unveil 2022 Agenda

The PARIS MOTOR SHOW (MONDIAL DE L’AUTO), and the EQUIP AUTO trade show at the weekend announced the launching of the Paris Automotive Week scheduled for 2022. A statement explained that the two flagship events in the automotive industry will come.....

July 17, 2021 No Responses

Renault Declares 1,422,600 Vehicle Sales In Six Months

The management of Renault on Friday reported 18.7% increase in worldwide vehicle sales in the first half of the year, rebounding from a 21.3% drop in 2020 due to the impact of the COVID-19 pandemic on the global economy.“In an...

July 17, 2021 No Responses

Hyundai Rolls Out280 HP Avante N

Hyundai has unveiled new Avante N Equipped with a 2.0T flat power engine and eight-speed N Wet DCT (Double-clutch) with a maximum power output of 280 HP(ps) and maximum torque of 392 nm .Grin Shift (NGS) can temporarily improve power...

July 16, 2021 No Responses

Toyota Revs Up Digital Mapping Subsidiary

Toyota plans to hire more people and invest heavily in its subsidiary Woven Planet to work on mobility technology so the Japanese automaker stays competitive amid the global shift to using artificial intelligence and robotics in everyday driving.“Toyota&...

July 14, 2021 No Responses

Volkswagen To Double Charging Infrastructure By 2025

Volkswagen‘s electric vehicle (EV) charging unit, Electrify America, said on Tuesday it planned to more than double its charging infrastructure in the United States and Canada over the next four years.The company said it expects to have over 1,800 fas...

July 13, 2021 No Responses

Mitsubishi Pays €25m Fine To Settle Emission Fraud Allegations

Japanese automaker Mitsubishi Motors confirmed Monday it paid a 25 million euro fine issued by German prosecutors over emissions fraud allegations earlier this year.German authorities last year raided 10 sites as part of a probe into suspected diesel emissi...

July 12, 2021 No Responses

Coscharis Motors Welcomes All-New Land Rover Discovery Sport To Nigeria

The latest addition to the Discovery family has arrived in Nigeria, courtesy Coscharis Motors. Scheduled for formal launch this quarter, the Land Rover’s ‘go anywhere’ premium compact Sports Utility Vehicle (SUV), the Discovery Sport, has bee...

July 10, 2021 No Responses

Hyundai Motor Unveils Project For Fuel Cell-Propelled Ships

South Korean Hyundai Motor Company has signed a Memorandum of Understanding (MOU) with marine service provider Hyundai Global Service and classification society Korean Register (KR) to develop and commercialize hydrogen fuel cell systems on marine vessels. The...

July 10, 2021 No Responses

Volkswagen Declares $13b Half-Year Profit

Volkswagen on Friday disclosed that first-half operating profit is expected to come in at around 11 billion euros ($13 billion), even surpassing pre-pandemic levels on the back of strong demand in Europe and the United States.Reuters report that the good resu...