Auto News Archives — Page 52 of 60

November 22, 2019 No Responses

Toyota Unveils Loan Facility For Customers

Toyota on Thursday launched a facility for fast tracking car loans to its customers in India within 30 minutes of their applying. “The new service named ‘Tatkal’ loan enables our customers to get loan approval in 30 minutes of submitting...

November 21, 2019 No Responses

GM Alleges Corruption, Sues Fiat Chrysler

General Motors Company on Wednesday filed a racketeering lawsuit against Fiat Chrysler Automobiles NV , alleging that its rival bribed United Auto Workers (UAW) union officials over many years to corrupt the bargaining process and gain advantages, costing GM b...

November 20, 2019 No Responses

Kia Telluride Gets SUV Of The Year Award

Kia Motors America’s (KMA) largest vehicle ever – the Telluride – has been awarded 2020 SUV of the Year by MotorTrend. With its comfortable and functional interior, the Telluride stood out as a well-rounded product that meets the needs of...

November 19, 2019 No Responses

Volkswagen Cuts Operating Profit, Sales

German carmaker Volkswagen on Monday cut its medium-term outlook for operating profit as the industry is being hit by a global downturn. VW now expects operating profit before special items to grow by at least 25% in the 2016-2020 period,...

November 17, 2019 No Responses

Ashok Leyland Unveils New Truck

Commercial vehicle major, Ashok Leyland has showcased its wide range of Bharat Stage (BS) VI trucks and buses. After receiving the certificates, confirming compliance to BS-VI emission standard, from Automotive Research Association of lndia (ARAI), Ashok Leyla...

November 16, 2019 No Responses

Ford Recalls 165,000 Pickup Trucks

Ford Motor Company has initiated a recall program for more than 165,000 units of F-150 pickup trucks in North America. According to the company, the safety recall for the select 2019-20 Ford F-150 vehicles will address improperly secured positive battery...

November 16, 2019 No Responses

Volkswagen Budgets $66b For Future Car Models

Volkswagen is to plough 60 billion euros ($66 billion) by 2024 into its switch to electric, hybrid and connected vehicles, as automakers around the world rev up electrification plans. The company explained on Friday that the sum is an increase...

November 15, 2019 No Responses

Nissan Records 70% Drop In Profit

Nissan Motor Company has reported 70% drop in profit. The company has also cut its full-year outlook to an 11-year low, as the Japanese automaker continued to grapple with falling sales and the aftermath of the ouster of former Chairman...

November 14, 2019 No Responses

Yamaha Recalls 13,348 Motorcycles

Japanese two-wheeler manufacturer, Yamaha on Wednesday declared increase of 0.5 per cent in its consolidated net sales, amounting to 1.2billion Yen. Yamaha is also recalling 13,348 units of FZ 25 and Fazer 25 in order to fix a faulty...

November 12, 2019 No Responses

Jaguar Land Rover Delivers 41,866 Units In October

For the Month of October 2019, Jaguar Land Rover recorded sales of 41,866 units, down by 5.5 per cent when compared to the same month last year. A statement issued by the company on Monday explained that Year-on-Year sales in...

November 10, 2019 No Responses

Daimler To Sack 1,100 Senior Management Staff

Daimler will cut 1,100 leadership positions worldwide, or about 10% of its management, German daily Sueddeutsche Zeitung has said, citing a newsletter circulated by the company’s works council. According to Agency Report, a spokesman for Daimler’s ...

November 8, 2019 No Responses

Toyota Declares $6.09b Profit, 2.75m Sales In Q2

Toyota Motor Corporation posted a 14% rise in second-quarter profit on Thursday, boosted by a rise in global vehicle sales. Japan’s biggest automaker posted an operating profit of 662.3 billion yen ($6.09 billion) in the July-September quarter, up from 5...

November 6, 2019 No Responses

Audi To Increase Engine Production

Audi will increase the production of engines at its Hungarian factory to 2.25 million units next year, Hungarian Foreign Minister Peter Szijjarto has said. According to agency report, an Audi representative at the premium carmaker’s Ingolstadt head...

November 5, 2019 No Responses

Kia Joins Top Five Carmakers

South Korean carmaker, Kia Motors, which started its operations in India in August, has joined the list of top five carmakers in the country in terms of market share, leaving behind established players such as Toyota Kirloskar Motors and Honda...