Auto Business Archives — Page 33 of 46

April 23, 2020 No Responses

Toyota South African Projects 15-20% Drop In Production, Explains Zero Sales In April

The president and Chief Executive Officer of South African unit of Toyota, Andrew Kirby, on Wednesday projected between 15-20 per cent drop in production in 2020. Kirby told a virtual media briefing that Toyota South Africa, which produces between...

April 23, 2020 No Responses

JLR Introduces Plug-In Hybrid Technology To Range Rover Evoque, Discovery Sport

Jaguar Land Rover has introduced new plug-in hybrid technology to Range Rover Evoque and Land Rover Discovery Sport. The company explained on Wednesday that the latest plug-in hybrid system can switch to an electric-only mode for shorter rides. Also, this...

April 17, 2020 No Responses

Toyota To Cut Production As Coronavirus Squeezes Demand

Toyota Motor Corporation is cut production of finished vehicles by 40 percent in Japan in May as demand shrinks around the world because of the coronavirus pandemic. The measures, which will cut production to 79,000 vehicles for the month, include...

April 17, 2020 No Responses

Hyundai Restarts Car Plants In Russia, Czech Republic

Hyundai Motor has resumed operations at Eurasian plants shut down for weeks as a precaution against the spread of the novel coronavirus. The South Korean automaker restarted its Russian assembly plant in St. Petersburg followed by reboot of the factory.....

April 16, 2020 No Responses

Suzuki Suspends Production Till Further Notice

Japanese car manufacturer, Suzuki Motor Gujarat Private Limited (SMG) India has suspended production of cars till further notice. Citing latest government directive on the COVID-19, the company explained that it will be extending the suspension of ...

April 16, 2020 No Responses

VW To Resume Production In South Africa May, April 20 In Germany

Volkswagen on Wednesday said factories producing cars for its core brand in Zwickau, Germany and Bratislava, Slovakia will resume production starting on April 20, with other locations ramping up plants starting from April 27 onwards. Meanwhile, factories...

April 14, 2020 No Responses

VW To Aid Dealers Supporting Coronavirus Relief Efforts

Volkswagen AG said on Monday it would give financial assistance to its U.S. dealers who wish to use their loaner fleet to pickup and deliver essential supplies in areas affected by the COVID-19 pandemic. The loaner cars, typically offered to...

April 10, 2020 No Responses

Hyundai To Restart Plant April 14

Hyundai Motor, Czech plant plans to restart on April 14 after a three-week production outage as part of efforts to fight the coronavirus, becoming the first of the three major carmakers in the central European country to resume work. The...

April 9, 2020 No Responses

Automakers Resort To Online Sales, Marketing

Automakers and dealers across the World are adopting online marketing and sales as part of measures to remain in business. Indeed, automobile companies such as Hyundai Motor India, MG Motor and Mercedes-Benz are turning to online portals to boost s...

April 4, 2020 No Responses

Daimler Secures $13b Loan Facility

Daimler has signed an agreement for a 12 billion euro ($13 billion) credit line to increase its financial flexibility in the current coronavirus crisis. The credit line comes in addition to an 11 billion euro revolving credit with a term...

April 3, 2020 No Responses

Hyundai to establish Mobility Global Innovation Centre in Singapore

Foremost South Korean auto firm, Hyundai is to establish Mobility Global Innovation Centre (HMGIC) in Singapore with support from Singapore Economic Development Board (EDB). The lab is focussing on exploring ideas to revolutionize R&D process, busine...

April 2, 2020 No Responses

Nissan Appoints Cartier As Chairman For Africa, Middle East, India Region

Nissan on Wednesday announced the appointment of Guillaume Cartier as Senior Vice President and Chairman for its Africa, Middle East, and India region (AMI) and Head of the Global Datsun Business Unit, effective from April 1, 2020. In this new...

April 2, 2020 No Responses

Kia Motors Delivers 8,583 Units In March

For the month of March 2020, Kia Motors India on Wednesday announced that the company sold 8,583 units. Last month, the company sold 7,466 units of e Seltos and 1,117 units of Carnival MPV, the company said in a statement....