Auto Makers Archives — Page 3 of 3

October 6, 2020 No Responses

Toyota, Nissan To Seek Reimbursement

Japanese automakers Toyota Motor Corp and Nissan Motor Co Ltd are set to seek reimbursement from Britain if the government fails to agree on a EU trade deal, the Nikkei financial daily reported on Monday.The automakers are bracing for an additional 10% EU tax on...

August 22, 2020 No Responses

Jaguar Land Rover opens New Outlet

Jaguar Land Rover on Friday announced the opening of its new 3S retail facility in Bengaluru, India. The new outlets will sell cars, service and also sell the spare parts.With this new 3S retail outlet, Jaguar Land Rover India’s distribution netw...

August 12, 2020 No Responses

Hyundai, Firm Name $4b Self-Driving Joint Venture Motional

South Korean automaker Hyundai Motor Co and auto supplier Aptiv PLC have named their self-driving joint venture Motional, the companies said Tuesday.Formed a year ago, the $4-billion venture is developing a fully automated system that it hopes to begin se...

July 15, 2020 No Responses

Toyota, Ford, Others Recall 13 million Vehicles Worldwide

Between January 1st and July 13, 2020 Auto Manufacturers recalled not less than 13,362,759 million vehicles worldwide. Data obtained from foremost research firm, Finbold indicates that the recalls are mainly due to safety concerns. According to the repor...

July 2, 2020 No Responses

Turkey Probes Mercedes-Benz, BMW, Others

The Turkish Competition Board said on Wednesday that it launched an investigation into German carmakers Audi, Porsche, Volkswagen, Mercedes-Benz and BMW to determine whether they violated competition law.The competition board said findings regarding cla...

June 21, 2020 No Responses

BMW, Mercedes Suspend Automated Driving Alliance

Daimler has put on hold a development alliance in the area of automated driving between its luxury brand and rival German luxury carmaker BMW.“Following extensive review, the two companies have arrived at a mutual and amicable agreement to concentrate o...

June 17, 2020 No Responses

Volkswagen To Pay $267m For Audi Buyout

Volkswagen will pay a 48% premium to buy out the minority shareholders of premium division Audi, Audi said on Tuesday.Volkswagen, which already holds 99.64% of Audi, announced the squeeze-out plans in February.“Volkswagen AG announced and specified tha...

June 14, 2020 No Responses

At AGM, Toyota Vows To Remain Profitable

The Chief Executive Officer of Toyota Motor Corporation, Akio Toyoda told shareholders at the automaker’s annual meeting that the company will remain profitable during the coronavirus pandemic, using lessons it learned during the global financial ...

May 28, 2020 No Responses

Renault-Nissan-Mitsubishi Presents New Business Model

As part of measures to enhance competitiveness and profitability, members of one of the world’s leading automotive alliances, Groupe Renault, Nissan Motor and Mitsubishi Motor Corporation on Wednesday announced several initiatives.Under the arrangement, memb...

May 12, 2020 No Responses

Auto Industry To Raise $100b From Banks

Global automakers and suppliers are on track to get at least $100 billion of bank financing as the coronavirus pandemic hammers car sales.Mazda Motor is the latest to join the rush, with Nikkei reporting that the company is seeking a 300...

April 13, 2020 No Responses

COVID-19: Toyota, Nissan, Honda, Others To Raise Special Fund For Workers

The Chief Executive of Toyota Motor Corporation, Akia Toyoda at the weekend promised that Japanese auto industry would seek to protect jobs worldwide as it endures the coronavirus pandemic. Toyoda, who spoke as head of the Japan Automobile Manufacturers Associ...