Auto Business Archives — Page 40 of 46

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,...

October 27, 2019 No Responses

Michelin Cut Full-Year Market Forecasts

Again, Michelin has cut its full-year market forecasts, pointing out a sharper-than-expected downturn in the truck segment. The group, which said two weeks ago it would close a French plant in response to deteriorating conditions of the auto industry, al...

October 27, 2019 No Responses

Renault Declares 4.4 Per Cent Drop In Sales

Renault’s group revenue fell in the third quarter, weighed down by a drop in production at partners Nissan and Daimler as declining demand for diesel engines added to the effects of a slowing global market. The company, which owns 43.4%...

October 22, 2019 No Responses

Kia Employs 1,000 New Staff As Bookings For Seltos Exceed Expectations

Enthused by the sustained bookings for Seltos SUVs which have crossed 60,000 units, Kia Motors has started its second shift at Anantapur facility in Andhra Pradesh in India to take the capacity to over 15,000 units a month by adding...

October 20, 2019 No Responses

Renault Explains Drop In Sales

Renault has cut its revenue guidance for 2019 further and lowered its profitability forecast, citing difficulties in markets such as Turkey and Argentina as carmakers grapple with a broad-based slump in auto sales. Renault, which has just rejigged its top...