Auto Market Archives — Page 11 of 14

April 9, 2020 No Responses

Automakers Resort To Online Sales, Marketing

Automakers and dealers across the World are adopting online marketing and sales as part of measures to remain in business. Indeed, automobile companies such as Hyundai Motor India, MG Motor and Mercedes-Benz are turning to online portals to boost s...

April 4, 2020 No Responses

Daimler Secures $13b Loan Facility

Daimler has signed an agreement for a 12 billion euro ($13 billion) credit line to increase its financial flexibility in the current coronavirus crisis. The credit line comes in addition to an 11 billion euro revolving credit with a term...

April 3, 2020 No Responses

Hyundai to establish Mobility Global Innovation Centre in Singapore

Foremost South Korean auto firm, Hyundai is to establish Mobility Global Innovation Centre (HMGIC) in Singapore with support from Singapore Economic Development Board (EDB). The lab is focussing on exploring ideas to revolutionize R&D process, busine...

April 2, 2020 No Responses

Kia Motors Delivers 8,583 Units In March

For the month of March 2020, Kia Motors India on Wednesday announced that the company sold 8,583 units. Last month, the company sold 7,466 units of e Seltos and 1,117 units of Carnival MPV, the company said in a statement....

March 31, 2020 No Responses

Toyota Seeks $9b Credit Line From Two Banks

Toyota Motor Corp. is seeking a 1 trillion yen ($9 billion) line of credit from Sumitomo Mitsui Banking Corp. and MUFG Bank Ltd as the Coronavirus pandemic is intensifying across the world. Agency reports indicates that although Japan’s biggest automak...

March 29, 2020 No Responses

Daimler Negotiates $11.03b Credit Line

Daimler is in talks with lenders for a credit facility of at least 10 billion euros ($11.03 billion) to help the car company cope with the coronavirus outbreak. According to Bloomberg, an announcement on the final amount could come as...

March 29, 2020 No Responses

Volkswagen: Car Market To Recover In Summer

Volkswagen expects the car market in Germany to recover in the summer after the auto maker was forced to suspend output due to the coronavirus pandemic.. “We assume that Germany will return to normal in the summer,” Juergen Stackmann, management...

March 24, 2020 No Responses

Suzuki Halts Operations

India’s largest carmaker Maruti Suzuki has shut down all its operations including production in Gurugram and Manesar until further notice. In a statement, the company explained that R&D Centre at Rohtak will also remain closed, adding that prod...

March 23, 2020 No Responses

EU Auto Industry Faces Crisis

The effect of the coronavirus on society and the global economy is unprecedented, with grave consequences for the automobile industry. Indeed, most of the members of the European Automobile Manufacturers’ Association (ACEA) have already announced temporary c...

March 21, 2020 No Responses

Japanese Automakers Close More Plants In Europe

Japanese automakers to temporarily close more vehicle plants in Europe and Asia as the spread of the coronavirus prompts countries to instruct non-essential businesses to suspend operations. A growing number of global automakers have been shuttering plants in ...

March 20, 2020 No Responses

Stallion Motors – Hyundai To Unveil Nigeria’s first Electrical Car

By Moses Ebosele, ebosele@hotmail.com — Nigeria is set to join the rest of the World in embracing electric cars before the end of 2020 courtesy Stallion Motors, Nigeria’s leading auto assembler and franchisee of nine Global brands includ...

March 19, 2020 No Responses

Rolls-Royce Suspends Production

Rolls-Royce Motor Cars has announced that it will be suspending production at its Goodwood-based manufacturing plant in response to the coronavirus pandemic. The luxury car manufacturer will suspend production at its Sussex plant from Monday, March 23 for two ...

March 17, 2020 No Responses

Hyundai Receives 14,000 Bookings For New Creta SUV

Hyundai Motor has unveiled the new Creta SUV for the India market. The automaker disclosed on Monay that it has received more than 14,000 bookings for the new Creta in less than 15 days. According to Hyundai, 50 percent of the bookings...