Auto Maker Archives — Page 10 of 37

October 16, 2021 No Responses

Toyota Cuts Global Production Plan By 15%

Toyota Motor Corporation on Friday cut its planned global output for November by as much as 15% due to ongoing chip shortages, but indicated it would ramp up production from December by sticking to its latest full-year production target.Japan’s leading carmaker...

October 5, 2021 No Responses

Jaguar Land Rover Begins Delivery Of New SUV F-PACE

Jaguar Land Rover (JLR) on Monday commenced deliveries of the new Jaguar F-PACE SVR Sports Utility Vehicle (SUV) to customers in India.Powered by a petrol engine with an output of 405kW, the vehicle can accelerate from 0-100 km/h in 4 seconds.The performanc...

October 3, 2021 No Responses

BMW Lifts 2021 Annual Profit Forecast To 9.5%-10.5%

The management of BMW AG has lifted its annual profit margin forecast to between 9.5% and 10.5% from 7% to 9%. The company in a statement also boosted its forecast for return on equity in its financial services segment to 20%-23% fr...

October 3, 2021 No Responses

Bajaj Auto Records 402,021 Sales In September

Bajaj Auto’s total vehicle sales (domestic + exports) stood at 402,021 units in September 2021, marking a decline of 9% compared to 441,306 units recorded in the same month last year. The management of Bajaj Auto has also explained 16%...

October 2, 2021 No Responses

Hyundai Records 45,791 Sales In September

Hyundai Motors on Friday reported 34.2% decline in domestic sales in India to 33,087 units as against 50,313 units in September 2020.Total sales for the company stood at 45,791 units, down 23.6% in September. The company had sold 59,913 units in...

October 1, 2021 No Responses

Rolls-Royce First Fully Electric Car Unveils Agenda

In a historic announcement, Rolls-Royce Motor Cars on Thursday announced that on-road testing of its first fully electric motor car is imminent. Rolls-Royce Motor Cars Chief Executive Officer, Torsten Müller-Ötvös, said: “Today is the most significant...

September 29, 2021 No Responses

Toyota Acquires Renovo

Toyota Motor Corporation Silicon Valley research arm has acquired automotive operating system software company Renovo to help accelerate the development of fully autonomous connected vehicles.“I am hoping to shave off years and months to our minimum via...

September 28, 2021 No Responses

Rolls-Royce Spanish Unit Gets $2b Price Tag

The management of Rolls-Royce has agreed to sell its Spanish unit ITP Aero to a consortium led by Bain Capital Private Equity for 1.7 billion euros ($2.0 billion), bringing the British engineering company close to its 2-billion-pound target for disposal...

September 28, 2021 No Responses

ROLLS-ROYCE AND ELECTRIC POWER: A PROPHECY, A PROMISE AND AN UNDERTAKING

Rolls-Royce reflects on heritage of electric power ahead of historic announcement Extraordinary prophecy of founding father, Charles Rolls, revealed Rolls championed electric cars in 1900, deeming Columbia model best of its type Royce, one of the first electri...

September 26, 2021 No Responses

Nissan Unveils Virtual Sales Advisor For Magnite SUV

Nissan has introduced a virtual sales advisor for prospective customers of its compact Magnite Sports Utility Vehicle (SUV) as part of its digital platform to enhance customers’ car buying experience. Virtual sales advisor, which has been launched b...

September 25, 2021 No Responses

Kia K5 Tops 2021 J.D. Power Consumer Ratings

K5 owners across the world in the JD Power Ratings say their favorite things about the premium sedan are the exterior styling, driving feel, feeling of safety, interior design, and fuel economy. Specifically, these five things about the vehic...

September 8, 2021 No Responses

Toyota Votes $13.5b To Develop Electric Vehicle Battery

Toyota Motor Corp said on Tuesday it expects to spend more than $13.5 billion by 2030 to develop batteries and its battery supply system – a bid to lead in the key automotive technology over the next decade.The world’s largest automaker....

September 8, 2021 No Responses

Hyundai Motors Partners Access Bank On Buy Now, Pay Later Offer

Hyundai Motors Nigeria Limited (HMNL) in collaboration with Nigeria’s top financial institution, Access Bank plc has launched a vehicle finance scheme to inspire perceptive customers and fleet buyers to buy precision-engineered and affordably priced made-in-...

September 4, 2021 No Responses

Land Rover Introduces Defender V8 For 300 Customers

Land Rover SV Bespoke has introduced the Defender V8 Bond Edition to celebrate Defender’s role in the 25th James Bond film, ‘No Time To Die.’According to the company, the model will be exclusively available to just 300 ...