Auto Business Archives — Page 21 of 47

March 11, 2021 No Responses

Hyundai Reveals All-New Kona N

Hyundai Motor on Wednesday revealed the first look of all-new Kona N with a powerful stance and high-performance design elements.Kona N will be the latest addition of the Hyundai N brand line-up, and the first N model with an SUV body type which...

March 6, 2021 No Responses

VW Doubles Sales Targets For Electric Vehicles

The flagship VW brand of German automobile giant Volkswagen said Friday it hoped electric vehicles would account for 70 percent of its European sales by 2030, doubling its previous target in the face of ever-stricter legislation.“We are stepping up...

March 1, 2021 No Responses

Hyundai To Strengthen SUV Lineup

South Korea Auto Firm, Hyundai Motor has concluded plans to further consolidate its Sports Utility Vehicle (SUV)portfolio in India. The company, which is the second largest passenger vehicle maker in the country, is a...

February 28, 2021 No Responses

Toyota Develops New Fuel Cell System

Toyota Motor Corporation has developed a packaged fuel cell system module, as it hopes to expand its usage and accessibility of the zero-emission technology amid the industry‘s shift towards electric vehicles (EVs).The world’s bigges...

February 27, 2021 No Responses

Despite Covid-19, Volkswagen Reports $10.7b Profit In 2020

For the 2020 financial year, Volkswagen disclosed on Friday that it made better than expected profit of 8.8 billion euros ($10.7 billion) after tax despite the pandemic. The world’s No. 2 automaker said the rapid recovery of ...

February 25, 2021 No Responses

Hyundai IONIQ 5 Redefines Electric Mobility Lifestyle

Hyundai Motor Company has launched the IONIQ 5 midsize CUV during a virtual world premiere event. As the first model in Hyundai’s new IONIQ brand dedicated to battery electric vehicles (BEV), IONIQ 5 sets the benchmark to redefine the electric mobility....

February 20, 2021 No Responses

Hyundai Signs Electric Vehicle MoU With Multiple Stakeholders

The management of Hyundai Motor Company has signed a memorandum of understanding (MoU) to work with the South Korean government along with logistics, battery and mobility companies for electric vehicle (EV) battery leasing, use and reuse business.The carmake...

February 19, 2021 No Responses

Michelin Explains Drop In Sales, Grip On Profit

French tyre manufacturer, Michelin, has explained that it remained profitable in 2020 despite a pandemic-induced drop in sales, thanks in part to prices dropping on raw ma taking a hit worldwide, Michelin also saw its sales drop by 15 ...

February 18, 2021 No Responses

Global Premiere Of New Skoda Kushaq Holds March 18

Skoda Auto India head Zac Hollis on Wednesday took to Twitter to announce that the Skoda Kushaq will be premiered on March 18. The Skoda Kushaq is the Czech automaker’s first Made-for-India car.The Skoda Kushaq was christened back in January a...

February 13, 2021 No Responses

Electric Cars: Autoworkers Face Uncertain Future

When General Motors boldly announced its goal last month to make only battery-powered vehicles by 2035, it didn’t just break from more than a century of internal combustion engines. It also clouded the future for 50,000 GM workers whose jobs could beco...

February 5, 2021 No Responses

Electric Vehicle Sales Surge In EU

Demand for electric vehicles soared in the EU last year as buyers took advantage of government subsidies for clean cars aimed at helping manufacturers weather the unprecedented hit from the Covid-19 pandemic, the European Automobile Manufac...

February 4, 2021 No Responses

Toyota Targets 9.2m Vehicles In 2021

Japan’s Toyota Motor Corporation plans record high global production of 9.2 million vehicles this year, up about 2% from 2019’s pre-coronavirus output. According to Nikkei newspaper, the automaker has informed ...

February 3, 2021 No Responses

Ford To Invest $1b In South African Operation

Ford Motor Company said on Tuesday that it would invest $1.05 billion into its South African manufacturing operations. It will be the biggest investment by the company in the country. The investment will further modernise and expand manufacturing ope...

February 2, 2021 No Responses

Hyundai Declares 57% Increase In Profit

South Korea’s Hyundai Motor Co has reported a 57% jump in fourth-quarter profit, slightly below analyst estimates, backed by demand for high-margin sports-utility vehicles and its premium Genesis cars. Hyundai, which together with affiliate Kia Corp...