Auto Business Archives — Page 31 of 46

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...

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...

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 ...

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...

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...

May 27, 2020 No Responses

Suzuki Delivers 2.85m Vehicles, Explains $1.99b Profit

For the financial year ended March 31, 2020, Suzuki Motors on Tuesday disclosed that it sold 2.85 million vehicles worldwide, down 14% when compared to the previous year. Meanwhile, earnings beat estimates and the Japanese automaker raised its divi...

May 25, 2020 No Responses

Honda Reopens 155 Dealerships, 118 Showrooms, 155 Service Outlets

Honda Cars at the weekend confirmed that it has reopened 155 dealerships across India. According to the foremost automaker, the development also includes 118 showrooms and 155 service outlets.Honda also said that it has adopted comprehensive SOPs on safety...

May 25, 2020 No Responses

Jaguar Land Rover Seeks £1b Loan

Jaguar Land Rover (JLR) is in talks with the government to secure a loan of more than £1bn, following a drop in sales during the coronavirus pandemic. According to reports, the carmaker has been in discussions for weeks about a...

May 23, 2020 No Responses

Trump Visits Ford

President Donald Trump traveled on Thursday to the crucial U.S. election battleground state of Michigan to visit a Ford Motor Co plant amid tensions with its Democratic governor during the coronavirus pandemic, opting not to wear a protective face mask for...

May 21, 2020 No Responses

Renault May Close French Factories

French automobile manufacturer Renault has earmarked three manufacturing and assembling factories for closure. According to French media daily,the move comes as a core of the restructuring plan for the company with the intention to reduce fixed costs by €2 b...

May 20, 2020 No Responses

Mitsubishi Motors Declares 89 Per Cent Drop In Profit

Mitsubishi Motors Corporation will focus on cutting fixed costs by 20% or more in the next two years after reporting an 89% drop in annual profit, its weakest performance in three years, and skipping its year-end dividend.The coronavirus crisis has...

May 18, 2020 No Responses

Nissan Unveils Kicks e-Power SUV

Nissan has launched the Kicks e-Power SUV in Thailand. The SUV is capable of delivering the power and performance of an electric car.Available in four different variants, the e-Power technology onboard the Nissan Kicks e-Power SUV combines an EM57 electric...

May 17, 2020 No Responses

Renault To Discontinue Iconic Models

Renault is preparing to substantially reduce its vehicle range, withdrawing well-known but ailing models like the Espace minivans, as part of looming cost cutting plans. According to Reuters,the company had already embarked on an overhaul of it...

May 16, 2020 No Responses

Nissan To Raise $4.7b Bond

Nissan Motor has registered with the Japanese government to issue up to 500 billion yen ($4.7 billion) in bonds within two years The major Japanese automaker, which registered its first corporate bond issue in four years with the Kanto Local...