Auto Market Archives — Page 8 of 14

June 9, 2020 No Responses

Covid-19: Ford Re-Evaluates Office Space

Ford Motor Co is re-evaluating how much office space it needs for white-collar workers as restrictions put in place during the coronavirus pandemic are eased and employees return to workplaces.In March, Ford, General Motors Co and Fiat Chrysler Automobiles NV (FCA) told salaried employees to...

June 8, 2020 No Responses

GAC Delivers First All-Electric Vehicle GE3

Chinese OEM GAC Motor has completed the first overseas delivery of its all-electric vehicle, the GE3 SUV. Yakov Ben Hion, the first international GE3 owner, is a technology enthusiast and environmentalist. A statement quoted the owner as ...

June 6, 2020 No Responses

Jaguar Land Rover Secures $705m Loan

Jaguar Land Rover (JLR) has entered into agreements with lenders in China for a secured term loan facility of 5 billion yuan ($704.50 million).. JLR’s vice president and China chief financial officer, Arthur Yu, said the Chinese banks that would pro...

June 5, 2020 No Responses

Germany Unveils $130b Stimulus To Kickstart Economy As Car Sales Drop By Half

Germany will plough 130 billion euros ($146 billion) into a stimulus package to kick-start an economy severely hit by the coronavirus pandemic, Chancellor Angela Merkel has said.Under the wide-ranging measures outlined in a 15-page document, value-ad...

June 4, 2020 No Responses

Hyundai Projects More Sales Though Digital Platforms

Hyundai Motor has projected more sales in India through digital platforms in the coming months. Keeping this in mind, the country’s second largest passenger vehicle manufacturer, on Wednesday launched an updated version of its vehicle research and selling pl...

June 4, 2020 No Responses

Mercedes-Benz Unveils Digital Sales Platform

In keeping with auto industry trends of going digital, Mercedes-Benz has unveiled digital sales platform for customers in the India market. Through ‘Merc from Home’, Mercedes-Benz customers can make a booking, purchase a new car and get it delivered at...

June 3, 2020 No Responses

France Approves $5.6b Emergency Loan For Renault

The French government said Tuesday that it had signed off on a state-backed loan of five billion euros ($5.6 billion) for carmaker Renault, where the coronavirus crisis has compounded months of management turbulence and prompted the company to lay off nearl...

June 2, 2020 No Responses

Hyundai Delivers 217,510 Units Worldwide In May

The South Korean carmaker, Hyundai Motor Company on Monday reported a 39.3 percent decline in global sales at 217,510 units in the month of May due to slowing economic activities around the world caused by the COVID-19 pandemic.The company had sold...

June 2, 2020 No Responses

Kia Unveils Updated Seltos SUV

Kia Motors on Monday announced the introduction of the updated Seltos Sports Utility Vehicle (SUV) in the India market. According to Kia, the new Seltos boast of 10 new features onboard, which include Emergency Stop Signal (ESS), Smart-Key Rem...

June 1, 2020 No Responses

Hyundai Exports 5,000 Units In May

For the Month of May 2020, South Korean carmaker, Hyundai Motor exported over 5,000 units of cars from India after restarting production.The Managing Director & Chief Executive Officer, Hyundai Motor India Ltd, S S Kim, in a statement at the...

May 29, 2020 No Responses

Stallion Group Unveils Stallion Africar Multi-Brand Auto Sales Portal

By Moses Ebosele, ebosele@hotmail.com — Foremost conglomerate, Stallion Group Nigeria has unveiled its end-to-end digital multi brand portal identified as www.stallionafricar.com. The Multi-brand Auto giant believes that a sizable business wi...

May 29, 2020 No Responses

Kia To Offer Customers Special Insurance Protection

Korean carmaker Kia plans to offer insurance in Europe which protects clients from having to make monthly payments on a new vehicle if they lose their job, a scheme designed to entice reticent customers back into showrooms after the coronavirus shutdown.The.....

May 27, 2020 No Responses

France Unveils $8.8b Support For Ailing Car Industry

French President, Emmanuel Macron unveiled Tuesday an 8 billion-euro ($8.8 billion) plan to save the country’s car industry from huge losses wrought by virus lockdowns, including a big boost for electric vehicles.The plan includes government subsidie...

May 27, 2020 No Responses

Suzuki Delivers 2.85m Vehicles, Explains $1.99b Profit

For the financial year ended March 31, 2020, Suzuki Motors on Tuesday disclosed that it sold 2.85 million vehicles worldwide, down 14% when compared to the previous year. Meanwhile, earnings beat estimates and the Japanese automaker raised its divi...