Tag: Auto News

Suzuki Delivers 2.85m Vehicles, Explains $1.99b Profit
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 dividend, sending...
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Honda Reopens 155 Dealerships, 118 Showrooms, 155 Service Outlets
May 25, 2020 No Responses

Honda Reopens 155 Dealerships, 118 Showrooms, 155 Service Outlets

Honda Cars at the weekend confirmed that  it has reopened 155 dealerships across India. According to the foremost automaker, the development  also includes 118 showrooms and 155 service outlets.Honda also said that it has adopted comprehensive SOPs on safety...
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Jaguar Land Rover Seeks £1b Loan
May 25, 2020 No Responses

Jaguar Land Rover Seeks £1b Loan

Jaguar Land Rover (JLR) is in talks with the government to secure a loan of more than £1bn, following a drop in sales during the coronavirus pandemic. According to reports, the carmaker has been in discussions for weeks about a...
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Renault May Close French Factories
May 21, 2020 No Responses

Renault May Close French Factories

French automobile manufacturer Renault has earmarked three manufacturing and assembling factories for closure. According to French media daily,the move comes as a core of the restructuring plan for the company with the intention to reduce fixed costs by €2 b...
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Mitsubishi Motors Declares 89 Per Cent Drop In Profit
May 20, 2020 No Responses

Mitsubishi Motors Declares 89 Per Cent Drop In Profit

Mitsubishi Motors Corporation  will focus on cutting fixed costs by 20% or more in the next two years after reporting an 89% drop in annual profit, its weakest performance in three years, and skipping its year-end dividend.The coronavirus crisis has...
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Hyundai Unveils Smart Mobility Ecosystem
May 19, 2020 No Responses

Hyundai Unveils Smart Mobility Ecosystem

 Hyundai Motor on Monday  announced that it is displaying its futuristic smart mobility ecosystem concept’s miniature version at the headquarter.The smart mobility ecosystem of the automaker comprises its Urban Air Mobility (UAM) concept, Purpose Bu...
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Kia Resumes Production
May 19, 2020 No Responses

Kia Resumes Production

Kia Motors on Monday announced that it has resumed production at the Anantapur plant in India after a month long shutdown in accordance to the lockdown announced by the Government.  The South Korean automaker explained that it has incorporated stringent.....
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Nissan Unveils Kicks e-Power SUV
May 18, 2020 No Responses

Nissan Unveils Kicks e-Power SUV

Nissan has launched the Kicks e-Power SUV in Thailand. The SUV is capable of delivering the power and performance of an electric car.Available in four different variants, the  e-Power technology onboard the Nissan Kicks e-Power SUV combines an EM57 electric...
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Renault To Discontinue Iconic Models
May 17, 2020 No Responses

Renault To Discontinue Iconic Models

Renault is preparing to substantially reduce its vehicle range, withdrawing well-known but ailing models like the Espace minivans, as part of looming cost cutting plans.  According to Reuters,the company had already embarked on an overhaul of it...
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Nissan To Raise $4.7b Bond
May 16, 2020 No Responses

Nissan To Raise $4.7b Bond

Nissan Motor has registered with the Japanese government to issue up to 500 billion yen ($4.7 billion) in bonds within two years The major Japanese automaker, which registered its first corporate bond issue in four years with the Kanto Local...
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Auto Industry To Raise $100b From Banks
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...
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Hyundai Unveils Special Assurance Package For Customers
May 8, 2020 No Responses

Hyundai Unveils Special Assurance Package For Customers

Hyundai Motor  has announced ‘Hyundai EMI Assurance‘ package for customers in the India market.  The company explained that the package cover customers under uncertainties such as employment loss in view of poor financial health, acquisit...
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Suzuki Opens New Office, Exports 632 Units
May 8, 2020 No Responses

Suzuki Opens New Office, Exports 632 Units

Maruti Suzuki has opened its corporate office at Nelson Mandela Marg in New Delhi, India joining a handful of large businesses that are trying to crank up operations after the government eased some lockdown.    The automaker has  also discl...
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KIA Boosts SANZAF’s Food Relief With Six Vehicles
May 8, 2020 No Responses

KIA Boosts SANZAF’s Food Relief With Six Vehicles

KIA Motors South Africa, a subsidiary of Motus Corporation, has boosted the efforts of the South African National Zakah Fund (SANZAF) with the donation of  three KIA K2700 light commercial vehicles and three KIA Picanto STARTs . The donation is to...
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