Auto Maker Archives — Page 8 of 37

March 13, 2022 No Responses

VW Profits Surge Despite Selling Fewer Cars

Volkswagen said its net profits jumped last year despite selling fewer cars due to the semiconductor shortage as buyers forked out for better-equipped cars.The German automaker’s net profit rose 75% to 15.4 billion euros (USD 16.8 billion) in 2021.The 12-brand group sold 8.6...

March 13, 2022 No Responses

Toyota To Cut Production In April, May, June

Toyota Motor Corporation will scale back domestic production by up to 20% during the months of April, May and June, to ease the strain on suppliers struggling with shortages of chips and other parts.The move by Japan’s largest automaker is the...

March 5, 2022 No Responses

More Safety Features For Hyundai Creta, Alcazar

Hyundai Motors has concluded plans to standardise certain safety features on the Creta and the Alcazar. These safety features include 6 airbags, Electronic Stability Control with Vehicle Stability Management, and ISOFIX child seat anchorages.&n...

March 5, 2022 No Responses

Kia Targets 14 EVs In Six Years

Kia has unveiled fresh plans to develop new electric cars starting from next year. Kia says it will release two new Electric Vehicles (Evs) in 2023 and build a full line of 14 EVs by 2027. The development mar...

March 4, 2022 No Responses

Ford Budgets $50b For Electric Vehicles In Three Years

Ford Motor Company is to increase its electric vehicle (EV) investment to $50 billion through 2026, up from the previous $30 billion investment till 2025.The automaker aims to produce more than 2 million electric vehicles annually by 2026, representing ab...

February 20, 2022 No Responses

Kia Unveils Carens In 19 Variants

Kia India has announced the launch of its fourth and latest ‘Made-for-India’ offering, the three-row recreational vehicle, Carens. The highly anticipated model is available in five trims, three engine, and three transmission options. With...

February 11, 2022 No Responses

Toyota Quarterly Profit Beats Estimates

Toyota has declared a forecast-beating net profit of $6.8 billion for the three months to December, even as a global chip crunch and a pandemic-driven parts shortage forced production cuts.AFP report that the Japanese auto giant, which kept its crown as...

January 29, 2022 No Responses

Daimler AG To Rebrand As Mercedes-Benz Group

Daimler AG will be formally renamed Mercedes-Benz Group AG on Tuesday — nearly a year after the spin-off of its truck and bus division was announced — in a move its boss hopes will unlock shareholder value for the premium-car...

January 27, 2022 No Responses

Hyundai Creta Tops SUV Exports

Hyundai Motor India exported 32,799 units of the Creta SUV in 2021, making it the most exported SUV in India and registering a growth of 26.17 percent. In total, Hyundai Motor India Limited exported 42,238 SUVs. Hyundai exported 25,995 ...

January 22, 2022 No Responses

Hyundai Motor Partners Quantum Computer On Battery Development

Quantum computer maker, IonQ Incorporated has sealed partnership with Hyundai Motor on the use of quantum computers to develop more effective batteries. A statement explained that the partnership will create a battery chemistry model to simulate the...

January 19, 2022 No Responses

Toyota Targets One Million Cars In March

Foremost auto firm, Toyota Motor Corporation will build 700,000 vehicles globally in February, up 10% on the year, but will still need to make a million more in March in order to reach an annual production target of 9 million, the...

January 15, 2022 No Responses

Reliance, Hyundai, Bid For Incentives Under India’s $2.4b Battery Scheme

Indian conglomerate, Reliance Industries, South Korea’s Hyundai Motor Co and automaker Mahindra & Mahindra are among companies that have submitted bids under the country’s $2.4 billion battery scheme, two sources told Reuters. India last ...

January 14, 2022 No Responses

Porsche Delivers 301,915 Vehicles In 2021

Between January and December 2021, Porsche delivered a record 301,915 vehicles to customers worldwide, 11 percent more than 2020. A statement issued by the German luxury sports car manufacturer, quoted a member of the Executive Board responsible for sale...

January 11, 2022 No Responses

Rolls-Royce Delivers 5,586 Cars In 2021

By Moses Ebosele, ebosele@hotmail.com Between January and December 2021, Rolls-Royce Motor Cars delivered 5,586 cars to clients around the world, up 49 per cent when compared with same period in 2020. Rolls-Royce in a statement on Monday described t...