Auto Business – Page 22 – City Business News

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 is among the world’s top 10 automakers,...

February 1, 2021 No Responses

BMW To Unveil 25 Electric Products In 2021

Foremost German luxury automotive group, BMW is to has unveil25 electric products in India before the end of 2021. “As far as our business is concerned, the worst of coronavirus is behind us. In 2020 we saw business shut…This year...

January 31, 2021 No Responses

Renault Unveils Kiger SUV

January 29, 2021 No Responses

Toyota Beats Volkswagen To Become World’s No.1 Car Seller In 2020

Japan’s Toyota Motor Corp overtook Germany’s Volkswagen in vehicle sales last year, regaining pole position as the world’s top selling automaker for the first time in five years as the pandemic demand slump hit its German rival harder...

January 27, 2021 No Responses

Hyundai Declares $1.18b Profit In 2020 Q4

Hyundai Motor reported on Tuesday 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.The company explained that it recorded a net profit of 1.3 trill...

January 24, 2021 No Responses

VW Operating Profit Drops By Half In 2020

For the year 2020, Volkswagen adjusted operating profit nearly halved but car deliveries, according to the company had recovered strongly in the fourth quarter.The world’s largest carmaker said full-year operating profit adjusted for ...

January 22, 2021 No Responses

Hero MotoCorp Crosses 100m Production Mark

By Moses Ebosele, ebosele@hotmail.com — Hero MotoCorp, the world’s largest manufacturer of motorcycles and scooters, on Thursday surpassed the significant milestone of 100 Million (10 Crores) units in cumulative production. &nbsp...

January 20, 2021 No Responses

Ford To Recall Three Million Vehicles

US regulators on Tuesday ordered Ford to recall three million vehicles containing Takata airbags that show signs of “potential future rupture risk.”The National Highway Traffic Safety Administration (NHTSA) rejected an appeal fr...

January 16, 2021 No Responses

Honda City Records 21,826 Sales In 2020

Honda Cars India on Friday said its mid-sized sedan City led the segment last year with cumulative sales of 21,826 units.Staying true to its legacy of being the Japanese automaker’s longest running nameplate in India, the all-new fifth generation Cit...

January 15, 2021 No Responses

Volkswagen Delivers 9.3m Cars In 2020

German automaker Volkswagen said its global sales fell 15.2 percent during 2020 due to the COVID-19 pandemic but showed significant recovery toward the end of the year. The company more than tripled its sales of battery-only vehicles.Global sales for all...

January 14, 2021 No Responses

Hyundai, Apple To Seal Electric Car Partnership This Year

Hyundai Motor and Apple Inc plan to sign a partnership deal on autonomous electric cars by March and start production as early as 2024 in the United States, local newspaper Korea IT News has reported.The report follows a statemen...

January 14, 2021 No Responses

2021:Experts Project 3O % Car Market Growth In India

Growth in Indian’s passenger vehicle market could outpace all previous records in 2021, forecast analysts, citing a very low base after two years of double-digit decline and sustained pent-up demand.A laggard among the top 10 global passenger vehicle markets...

January 12, 2021 No Responses

German Automotive Industry intensifies Links To Africa

The German automotive industry sees potential in Africa and strengthens its ties to the continent. A statement on Monday explained that the German Association of the Automotive Industry (VDA) joined hands with the African Association of Automotive ...

January 9, 2021 No Responses

Hyundai In Early Talks With Apple

Hyundai Motor Company has commenced discussions with Apple after Korea Economic Daily TV reported that the two were in talks to cooperate on electric cars and batteries, sending Hyundai‘s shares surging 24%.“Apple and Hyundai ar...