Auto Business Archives — Page 32 of 46

May 14, 2020 No Responses

Honda TO Resume Auto Production In U.K.

Honda Motor Company said it plans to resume production in the U.K. early next month, the latest automaker to restart operations shuttered amid the global coronavirus pandemic. The Japanese carmaker, which makes the Civic compact sedan at a factory in...

May 12, 2020 No Responses

Auto Industry To Raise $100b From Banks

Global automakers and suppliers are on track to get at least $100 billion of bank financing as the coronavirus pandemic hammers car sales.Mazda Motor is the latest to join the rush, with Nikkei reporting that the company is seeking a 300...

May 11, 2020 No Responses

Hyundai Rolls Out 200 Units As 250 Dealers Resumes

Hyundai Motor at the weekend announced that it rolled out 200 cars on the first day of production resumption at its plant in Sriperumbudur, Chennai in India. The South Korean automaker explained that the production resumption has been done follo...

May 9, 2020 No Responses

Ceat Extends Warranty On Tyres

Ceat Tyres on Friday said it has extended warranty on tyres by three months to support customers due to coronavirus– lockdown.The decision to extend warranty on tyres has been taken to express solidarity with customers amidst the continued lockdown, ...

May 8, 2020 No Responses

Hyundai Unveils Special Assurance Package For Customers

Hyundai Motor has announced ‘Hyundai EMI Assurance‘ package for customers in the India market. The company explained that the package cover customers under uncertainties such as employment loss in view of poor financial health, acquisit...

May 8, 2020 No Responses

Suzuki Opens New Office, Exports 632 Units

Maruti Suzuki has opened its corporate office at Nelson Mandela Marg in New Delhi, India joining a handful of large businesses that are trying to crank up operations after the government eased some lockdown. The automaker has also discl...

May 7, 2020 No Responses

Jaguar Deploys 362 Cars For Emergency Service Workers

Jaguar Land Rover has deployed more than 362 vehicles globally for the emergency service workers as part of measures to curtail coronavirus crisis.The British automaker claims that it has provided the vehicles to agencies like NH...

May 6, 2020 No Responses

Volkswagen To Begin Sales Of New All-Electric Hatchback November 17

Volkswagen is to start selling the launch edition of its ID.3 vehicle next month to customers who placed pre-orders of the all-electric hatchback. According to the auto firm, Customers who made reservations for the launch edition, known as ID.3 1st,...

May 2, 2020 No Responses

Nissan To Restart Output At UK’s Biggest Car Factory In June

Nissan will restart phased production in early June at its northern English Sunderland factory, Britain’s biggest car plant, as the sector tries to resume operations amid the coronavirus outbreak. Output at the site, which made just under 350,000 vehicle...

April 30, 2020 No Responses

Volvo Cars To Cut 1,300 Jobs

Volvo Cars said Wednesday it was cutting up to 1,300 white-collar jobs in Sweden in a restructuring accelerated by the impact of the new coronavirus. The company said the notices were part of an “ongoing realignment of the company’s operations,&#82...

April 29, 2020 No Responses

Mitsubishi Motors Seeks $2.8b Loans

Mitsubishi Motors has requested 300 billion yen ($2.8 billion) in financing from domestic and foreign lenders as the coronavirus pandemic clouds the outlook for the auto industry This total includes 200 billion yen from Japanese private- and public-sector fina...

April 27, 2020 No Responses

Auto Firms Head For Zero Sales In April

Automobile firms in most parts of the world including Nigeria are heading for zero sales as the Month of April, 2020 drives to an end. Toyota South Africa Senior Vice President incharge of sales and marketing, Leon Theron had last...

April 25, 2020 No Responses

Volkswagen Restarts Production In Germany

About Five weeks of shutdown due to the coronavirus crisis, Germany’s largest car manufacturer Volkswagen has restarted production in two of its plants. Volkswagen’s vehicle plant in Zwickau, Saxony would “cautiously resume” production ...

April 25, 2020 No Responses

Mitsubishi Motors Predicts Losses, Drop In Sales

Japanese automaker, Mitsubishi Motors Corporation on Friday predicted 26 billion yen ($240 million) in losses for the fiscal year through next March, as sales plunge because of the coronavirus pandemic. Tokyo-based Mitsubishi, allied with Nissan Motor Company ...