Auto Maker Archives — Page 15 of 37

March 17, 2021 No Responses

Volkswagen Is Worth $238b, Says CEO

Volkswagen, the world’s No.2 carmaker, is worth 200 billion euros ($238 billion), Chief Executive Herbert Diess, confirming a previously stated target on the back of a 38% share price increase so far in 2021.“Analysts, too, arrive at the conclusion that the...

March 14, 2021 No Responses

Tata Motors Shareholders Approve New Entity

Shareholders of Tata Motors have approved separating its passenger vehicles business into an entity. The shareholders voted to consider and approve the transfer of the passenger vehicles business unit to TML Business Analytics Services Ltd ...

March 13, 2021 No Responses

Daimler Recalls 2.6m Mercedes-Benz Cars

German luxury automaker, Daimler will recall 2.6 million Mercedes-Benz vehicles in China due to a software design issue, the country’s market regulator said on Friday.Software may fail to communicate a vehicle’s correct location in the event of ...

March 12, 2021 No Responses

BMW Targets More Profit In 2021

BMW on Thursday explained that net profit fell 23 per cent last year to 3.86 billion euros (USD 4.62 billion) as the pandemic shuttered factories in the first part of the year. The maker of the X5 sport utility and 3-Series sedan said...

March 11, 2021 No Responses

Hyundai Reveals All-New Kona N

Hyundai Motor on Wednesday revealed the first look of all-new Kona N with a powerful stance and high-performance design elements.Kona N will be the latest addition of the Hyundai N brand line-up, and the first N model with an SUV body type which...

March 2, 2021 No Responses

Hyundai India Delivers 51,600 Units In February

For the month of February, 2021, Hyundai Motor India on Monday reported growth of 29% in domestic sales at 51,600 units, against 40,010 units in the same month last year.Exports were up by 14.6% to 10,200 units in February 2021 over Februar...

March 1, 2021 No Responses

Hyundai To Strengthen SUV Lineup

South Korea Auto Firm, Hyundai Motor has concluded plans to further consolidate its Sports Utility Vehicle (SUV)portfolio in India. The company, which is the second largest passenger vehicle maker in the country, is a...

February 28, 2021 No Responses

Toyota Develops New Fuel Cell System

Toyota Motor Corporation has developed a packaged fuel cell system module, as it hopes to expand its usage and accessibility of the zero-emission technology amid the industry‘s shift towards electric vehicles (EVs).The world’s bigges...

February 9, 2021 No Responses

Report: Toyota Won More Patents In 2020 Than Any Other Automaker

For the year 2020, the United States Patent and Trademark Office awarded slightly fewer patents than in 2019,according to the Intellectual Property Owners Association. But, one thing remained the same: Toyota was granted more patents than any o...

February 6, 2021 No Responses

Nigeria Pledges Support For Hyundai Kona,Begins Construction Of Solar Power Charging Stations

By Moses Ebosele, ebosele@hotmail.com — The Nigerian Minister of Industry, Trade and Investment, Otunba Niyi Adebayo has congratulated Stallion Group and its subsidiary, Hyaundai Nigeria for introducing the first Electric Vehicle&nbs...

February 1, 2021 No Responses

BMW To Unveil 25 Electric Products In 2021

Foremost German luxury automotive group, BMW is to has unveil25 electric products in India before the end of 2021. “As far as our business is concerned, the worst of coronavirus is behind us. In 2020 we saw business shut…This year...

January 31, 2021 No Responses

Renault Unveils Kiger SUV

January 30, 2021 No Responses

Daimler Beats Forecasts In Preliminary 2020 Results

Mercedes-Benz parent company Daimler on Thursday released preliminary earnings data for 2020 showing higher-than-expected operating profit in a year battered by the coronavirus pandemic.At 6.6 billion euros ($8.0 billion), profit before interest...

January 27, 2021 No Responses

Hyundai Declares $1.18b Profit In 2020 Q4

Hyundai Motor reported on Tuesday a 57% jump in fourth-quarter profit, slightly below analyst estimates, backed by demand for high-margin sports-utility vehicles and its premium Genesis cars.The company explained that it recorded a net profit of 1.3 trill...