Auto News Archives — Page 46 of 60

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 production of cars till...

April 16, 2020 No Responses

VW To Resume Production In South Africa May, April 20 In Germany

Volkswagen on Wednesday said factories producing cars for its core brand in Zwickau, Germany and Bratislava, Slovakia will resume production starting on April 20, with other locations ramping up plants starting from April 27 onwards. Meanwhile, factories...

April 14, 2020 No Responses

VW To Aid Dealers Supporting Coronavirus Relief Efforts

Volkswagen AG said on Monday it would give financial assistance to its U.S. dealers who wish to use their loaner fleet to pickup and deliver essential supplies in areas affected by the COVID-19 pandemic. The loaner cars, typically offered to...

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...

April 10, 2020 No Responses

Hyundai To Restart Plant April 14

Hyundai Motor, Czech plant plans to restart on April 14 after a three-week production outage as part of efforts to fight the coronavirus, becoming the first of the three major carmakers in the central European country to resume work. The...

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

Nissan Appoints Cartier As Chairman For Africa, Middle East, India Region

Nissan on Wednesday announced the appointment of Guillaume Cartier as Senior Vice President and Chairman for its Africa, Middle East, and India region (AMI) and Head of the Global Datsun Business Unit, effective from April 1, 2020. In this new...

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 28, 2020 No Responses

Kia Appoints New President

The South Korean carmaker, Kia Motors Corporation on Friday appointed Ho-sung Song as the President of the organisation. Song who was earlier heading Global Operations Division will now spearhead the advancement of ‘Plan S’, the company’s mid- to long-te...