Auto Report Archives — Page 21 of 32

March 6, 2021 No Responses

VW Doubles Sales Targets For Electric Vehicles

The flagship VW brand of German automobile giant Volkswagen said Friday it hoped electric vehicles would account for 70 percent of its European sales by 2030, doubling its previous target in the face of ever-stricter legislation.“We are stepping up the pace. In the coming years, we...

March 1, 2021 No Responses

Hyundai To Strengthen SUV Lineup

South Korea Auto Firm, Hyundai Motor has concluded plans to further consolidate its Sports Utility Vehicle (SUV)portfolio in India. The company, which is the second largest passenger vehicle maker in the country, is a...

February 28, 2021 No Responses

Toyota Develops New Fuel Cell System

Toyota Motor Corporation has developed a packaged fuel cell system module, as it hopes to expand its usage and accessibility of the zero-emission technology amid the industry‘s shift towards electric vehicles (EVs).The world’s bigges...

February 27, 2021 No Responses

Despite Covid-19, Volkswagen Reports $10.7b Profit In 2020

For the 2020 financial year, Volkswagen disclosed on Friday that it made better than expected profit of 8.8 billion euros ($10.7 billion) after tax despite the pandemic. The world’s No. 2 automaker said the rapid recovery of ...

February 26, 2021 No Responses

Suzuki Motor Chairman Retires At 91

Suzuki Motor Corp‘s 91-year old chairman, Osamu Suzuki, announced he will retire in June, stepping aside for a new leader to navigate the shift to electric cars and fight off competition from tech giants such as Tesla and Apple.The company...

February 20, 2021 No Responses

Hyundai Signs Electric Vehicle MoU With Multiple Stakeholders

The management of Hyundai Motor Company has signed a memorandum of understanding (MoU) to work with the South Korean government along with logistics, battery and mobility companies for electric vehicle (EV) battery leasing, use and reuse business.The carmake...

February 19, 2021 No Responses

Michelin Explains Drop In Sales, Grip On Profit

French tyre manufacturer, Michelin, has explained that it remained profitable in 2020 despite a pandemic-induced drop in sales, thanks in part to prices dropping on raw ma taking a hit worldwide, Michelin also saw its sales drop by 15 ...

February 16, 2021 No Responses

Jaguar Car Brand To Be All-Electric By 2025

Jaguar Land Rover’s Jaguar brand will be all-electric by 2025, the carmaker has said. The company will launch electric models of its entire Jaguar and Land Rover line-up by 2030, it added. The firm said it would keep all three...

February 15, 2021 No Responses

Mercedes-Benz Crosses 50m Vehicle Production Landmark

Mercedes-Benz family has achieved the milestone of producing fifty million vehicles globally. The foremost auto firm explained at the weekend that the fifty millionth car produced is the new Mercedes-Maybach S-...

February 13, 2021 No Responses

Electric Cars: Autoworkers Face Uncertain Future

When General Motors boldly announced its goal last month to make only battery-powered vehicles by 2035, it didn’t just break from more than a century of internal combustion engines. It also clouded the future for 50,000 GM workers whose jobs could beco...

February 10, 2021 No Responses

Kia Redefines Agenda, Long-Term Growth

South Korean carmaker Kia announced an update of its ‘Plan S’ strategy for its future business at the 2021 CEO Investor Day, held digitally on Tuesday in Seoul.The renewed Plan S strategy is underpinned by three core pillars: advancing electri...

February 9, 2021 No Responses

Report: Toyota Won More Patents In 2020 Than Any Other Automaker

For the year 2020, the United States Patent and Trademark Office awarded slightly fewer patents than in 2019,according to the Intellectual Property Owners Association. But, one thing remained the same: Toyota was granted more patents than any o...

February 7, 2021 No Responses

Hyundai Reiterates Commitment To Protect Jobs

The management of Hyundai Motor will reshore some of its manufacturing operations in the United States to help maintain work for its employees at home, its union said on Saturday.Under an agreement reached between the company and the union, production...

February 6, 2021 No Responses

Nigeria Pledges Support For Hyundai Kona,Begins Construction Of Solar Power Charging Stations

By Moses Ebosele, ebosele@hotmail.com — The Nigerian Minister of Industry, Trade and Investment, Otunba Niyi Adebayo has congratulated Stallion Group and its subsidiary, Hyaundai Nigeria for introducing the first Electric Vehicle&nbs...