Auto Market Archives — Page 10 of 14

May 4, 2020 No Responses

Hyundai Opens More Factories, Exports 1,341 Units

Amidst lockdown due to the coronavirus pandemic, South Korean carmaker, Hyundai Motor registered exports sales of 1,341 units in the month of April 2020 in India. According to the company, “The export shipping was conducted by adhering to all guidelines...

May 2, 2020 No Responses

Nissan To Restart Output At UK’s Biggest Car Factory In June

Nissan will restart phased production in early June at its northern English Sunderland factory, Britain’s biggest car plant, as the sector tries to resume operations amid the coronavirus outbreak. Output at the site, which made just under 350,000 vehicle...

May 1, 2020 No Responses

German Auto Industry Seeks Vehicle-Buying Subsidies

The German car industry is planning a proposals for a new cash-for-clunkers program to counter a sales slump that risks choking off production restarts at factories across Europe’s biggest economy. The state premiers of Lower Saxony, Bavaria and Baden-Wuertt...

April 29, 2020 No Responses

Mitsubishi Motors Seeks $2.8b Loans

Mitsubishi Motors has requested 300 billion yen ($2.8 billion) in financing from domestic and foreign lenders as the coronavirus pandemic clouds the outlook for the auto industry This total includes 200 billion yen from Japanese private- and public-sector fina...

April 27, 2020 No Responses

Auto Firms Head For Zero Sales In April

Automobile firms in most parts of the world including Nigeria are heading for zero sales as the Month of April, 2020 drives to an end. Toyota South Africa Senior Vice President incharge of sales and marketing, Leon Theron had last...

April 25, 2020 No Responses

Volkswagen Restarts Production In Germany

About Five weeks of shutdown due to the coronavirus crisis, Germany’s largest car manufacturer Volkswagen has restarted production in two of its plants. Volkswagen’s vehicle plant in Zwickau, Saxony would “cautiously resume” production ...

April 24, 2020 No Responses

Toyota To Resume Production May 4

Toyota Motor announced on Thursday it will resume automobile production at all of its 14 plants in North America from May 4 after a one-and-a-half month suspension due to the novel coronavirus. “Beginning the week of May 4, Toyota intends...

April 24, 2020 No Responses

Nissan Resumes Production May 4

Nissan will restart production at its Barcelona factory from May 4 and it will begin piloting safety measures at its British plant with the return of around 50 staff this week, the Japanese carmaker said . “The management team in...

April 23, 2020 No Responses

JLR Introduces Plug-In Hybrid Technology To Range Rover Evoque, Discovery Sport

Jaguar Land Rover has introduced new plug-in hybrid technology to Range Rover Evoque and Land Rover Discovery Sport. The company explained on Wednesday that the latest plug-in hybrid system can switch to an electric-only mode for shorter rides. Also, this...

April 20, 2020 No Responses

Jaguar Land Rover Reports Drop In Sales

Jaguar Land Rover (JLR) has reported a 12.1 per cent decline in retail sales at 5,08,659 units for the financial year 2019-20. The company in a statement explained that total retail sales in the fourth quarter of the previous financial...

April 17, 2020 No Responses

Toyota To Cut Production As Coronavirus Squeezes Demand

Toyota Motor Corporation is cut production of finished vehicles by 40 percent in Japan in May as demand shrinks around the world because of the coronavirus pandemic. The measures, which will cut production to 79,000 vehicles for the month, include...

April 17, 2020 No Responses

Hyundai Restarts Car Plants In Russia, Czech Republic

Hyundai Motor has resumed operations at Eurasian plants shut down for weeks as a precaution against the spread of the novel coronavirus. The South Korean automaker restarted its Russian assembly plant in St. Petersburg followed by reboot of the factory.....

April 16, 2020 No Responses

Suzuki Suspends Production Till Further Notice

Japanese car manufacturer, Suzuki Motor Gujarat Private Limited (SMG) India has suspended production of cars till further notice. Citing latest government directive on the COVID-19, the company explained that it will be extending the suspension of ...

April 10, 2020 No Responses

Daimler To Restart German Factories April 20

Mercedes-Benz maker, Daimler is to restart work at factories in Germany from April 20, after a weeks-long interruption due to the coronavirus pandemic. “In a few selected factories, we are implementing a coordinated restart of production,” the grou...