Auto Business Archives — Page 40 of 47

November 10, 2019 No Responses

Daimler To Sack 1,100 Senior Management Staff

Daimler will cut 1,100 leadership positions worldwide, or about 10% of its management, German daily Sueddeutsche Zeitung has said, citing a newsletter circulated by the company’s works council. According to Agency Report, a spokesman for Daimler’s works council declined to...

November 8, 2019 No Responses

Toyota Declares $6.09b Profit, 2.75m Sales In Q2

Toyota Motor Corporation posted a 14% rise in second-quarter profit on Thursday, boosted by a rise in global vehicle sales. Japan’s biggest automaker posted an operating profit of 662.3 billion yen ($6.09 billion) in the July-September quarter, up from 5...

November 6, 2019 No Responses

Audi To Increase Engine Production

Audi will increase the production of engines at its Hungarian factory to 2.25 million units next year, Hungarian Foreign Minister Peter Szijjarto has said. According to agency report, an Audi representative at the premium carmaker’s Ingolstadt head...

November 5, 2019 No Responses

Kia Joins Top Five Carmakers

South Korean carmaker, Kia Motors, which started its operations in India in August, has joined the list of top five carmakers in the country in terms of market share, leaving behind established players such as Toyota Kirloskar Motors and Honda...

November 4, 2019 No Responses

Peugeot, Fiat Chrysler To Sign $50b Merger Deal In December

Fiat Chrysler and Peugeot owner PSA aim to sign a final merger agreement as early as the beginning of December. The two automakers explained last week that they planned to join forces in a 50-50 share merger to create the...

November 3, 2019 No Responses

New Fiat Pick Up Debuts At Lagos Trade Fair

Fortified with 2.4lit engine and available in single and double engine, a new Fiat Pick Up has joined ongoing competition in the Nigerian market. A reporter from City BusinessNews (www.citybusinessnews.com) who was at the ongoing lagos Internation Trade ...

November 2, 2019 No Responses

GM Recalls 638,000 Chevrolet Suburban, Tahoe

General Motors has recalled 638,000 Sport Utility Vehicles and pickup trucks because a wheel-speed sensor could fail and cause unintended braking.The recall covers some 2015-2020 Chevrolet Suburban, Tahoe, and Yukon models, and some 2014-2018 Chevrolet Silvera...

November 1, 2019 No Responses

India Records 12% Increase In Tyre Exports

The Automotive Tyre Manufacturers Association (ATMA) on Thursday revealed that Tyre exports from India increased by 12% in volume between April-August 2019. The India tyre exports hit double-digit growth between 2016-2017 when it increased by 16%. ...

November 1, 2019 No Responses

Peugeot, Fiat Chrysler Boards Approve Merger

The Supervisory Board of Peugeot S.A. and the Board of Directors of Fiat Chrysler Automobiles (FCA) have each unanimously agreed to work towards a full combination of their respective businesses by way of a 50/50 merger. Both boards have given...

October 31, 2019 No Responses

Volkswagen, Siemens Launch Electric Vehicle In Rwanda

In a first for the African continent, the Volkswagen Brand has launched a pilot project in partnership with Siemens to test the feasibility of electric mobility in an African country. The pilot project, which will form part of Volkswagen’s operations...

October 31, 2019 No Responses

Pirelli Tyre Projects 2019 Revenue To €5.3b

Pireli Tyre has projected that its 2019 revenue would grow to 5.3 billion euros, 2,5 per cent higher than a previous guidance of between 1.5% and 2.5%. Under the arrangement, the company is expecting a full-year cash flow of between...

October 30, 2019 No Responses

Peugeot, Fiat Chrysler In merger Talks

US-Italian auto giant Fiat Chrysler and France’s Peugeot are in merger talks that would yield an entity valued at about $50 billion, a person with knowledge of the matter told AFP on Tuesday. Carlos Tavares, the chief executive of Peugeot’s...

October 28, 2019 No Responses

Airless Tyre: Bridgestone, Others Target Driverless Cars

Makers of airless tyres such as Japan’s Bridgestone Corp. hope driverless cars will herald a breakthrough for their niche technology, which is more than a decade old but underperforms standard tyres in every way except resistance to puncture. Autonomous ...

October 28, 2019 No Responses

Renault Seek New Partners As Revenue Drops Further

French carmaker Renault is on the hunt for new partners to buy its cars and components as it reported a fall in quarterly revenue and pushed ahead on a strategic review with “nothing off the table”. According to agency reports,...