Auto News – Page 60 – City Business News

October 30, 2019 No Responses

Peugeot, Fiat Chrysler In merger Talks

US-Italian auto giant Fiat Chrysler and France’s Peugeot are in merger talks that would yield an entity valued at about $50 billion, a person with knowledge of the matter told AFP on Tuesday. Carlos Tavares, the chief executive of Peugeot’s...

October 29, 2019 No Responses

Mahindra Acquires Peugeot Motocycles

Mahindra & Mahindra (M&M) subsidiary, Mahindra Two Wheelers Europe is to fully acquire France-based Peugeot Motocycles (PMTC) for an undisclosed amount....

October 28, 2019 No Responses

Airless Tyre: Bridgestone, Others Target Driverless Cars

Makers of airless tyres such as Japan’s Bridgestone Corp. hope driverless cars will herald a breakthrough for their niche technology, which is more than a decade old but underperforms standard tyres in every way except resistance to puncture. Autonomous ...

October 28, 2019 No Responses

Renault Seek New Partners As Revenue Drops Further

French carmaker Renault is on the hunt for new partners to buy its cars and components as it reported a fall in quarterly revenue and pushed ahead on a strategic review with “nothing off the table”. According to agency reports,...

October 27, 2019 No Responses

Michelin Cut Full-Year Market Forecasts

Again, Michelin has cut its full-year market forecasts, pointing out a sharper-than-expected downturn in the truck segment. The group, which said two weeks ago it would close a French plant in response to deteriorating conditions of the auto industry, al...

October 27, 2019 No Responses

Renault Declares 4.4 Per Cent Drop In Sales

Renault’s group revenue fell in the third quarter, weighed down by a drop in production at partners Nissan and Daimler as declining demand for diesel engines added to the effects of a slowing global market. The company, which owns 43.4%...

October 22, 2019 No Responses

Kia Employs 1,000 New Staff As Bookings For Seltos Exceed Expectations

Enthused by the sustained bookings for Seltos SUVs which have crossed 60,000 units, Kia Motors has started its second shift at Anantapur facility in Andhra Pradesh in India to take the capacity to over 15,000 units a month by adding...

October 20, 2019 No Responses

Renault Explains Drop In Sales

Renault has cut its revenue guidance for 2019 further and lowered its profitability forecast, citing difficulties in markets such as Turkey and Argentina as carmakers grapple with a broad-based slump in auto sales. Renault, which has just rejigged its top...

October 19, 2019 No Responses

Tata Rules Out Sale Of Jaguar Land Rover

Tata Motors, which owns Jaguar Land Rover (JLR), said it is open to finding partners for the automaker but isn’t planning on selling the embattled unit. “We’re not going to sell,” said N Chandrasekaran, chairman of Tata Sons, the holdin...

October 19, 2019 No Responses

Mahindra Inaugurates All-Women Auto Service Workshop

Mahindra & Mahindra on Friday announced the inauguration of India’s first all-women-run automobile service workshop in Jaipur. According to the company, this is part of the its larger initiative named ‘Pink Collars’ to promote recruitment of wo...

October 17, 2019 No Responses

New Kia Carnival MPV Debuts

Kia Motors has concluded plans to unveil new Carnival MPV also identified in some markets as Sedona. Available in seven-seater and eight-seater variants, the MPV measures 5.115 mm in length, 1,985 mm in width, 1,740 mm in height and it...

October 17, 2019 No Responses

Skoda Reports 2.7% Drop In Sales

Skoda Auto global deliveries have dropped 2.7 per cent to 913,700 cars in the first nine months of 2019, compared to the same period last year. The slump in deliveries is majorly due to the declining sales in China, where...

October 16, 2019 No Responses

Volkswagen Postpones Final Decision On Turkey Plant

Volkswagen has postponed the final decision whether to build a car plant in Turkey, the company said, amid international criticism of the country’s military operation in Syria and concerns about potential reputational fallout. “We are carefully mon...

October 15, 2019 No Responses

Yamaha Joins Automotive Sharing Centre

Yamaha Motor Group has joined the Automotive Information Sharing and Analysis Center (Auto-ISAC) along with three other companies TuSimple, ArmorText and Celerium. The inclusion of these four companies in the Auto-ISAC will increase the strength of the platfor...