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Browsing Category
auto
Skoda Slavia Sedan To Be Launched in India on February 28, 2022
Skoda Auto India is all set to launch the Slavia sedan in the country on February 28, 2022. The Czech automaker has already commenced pre-bookings for the mid-size sedan at Rs 11,000 as a token amount. It is Skoda…
Stellantis gets creative on cutting French jobs in move to EVs
"The transition to EVs is unprecedented in terms of speed and impact for the automotive industry," said Alexandre Marian, a managing director in Paris at AlixPartners. "There will be winners and losers given the level of investment…
Renault-Nissan has become ‘small and fragile,’ Ghosn says
PARIS -- Renault-Nissan, once a contender for the world's No. 1 automaker, has become a "small and fragile" manufacturer, former Nissan and Renault Chairman Carlos Ghosn told a French newspaper in an interview.
Ghosn gave the interview to…
Elon Musk Donated $5 Billion Worth of Tesla Shares to Unnamed Charity in November 2021: Report
San Francisco: Tech billionaire Elon Musk has donated more than $5 billion worth of Tesla shares to an unspecified charity in November 2021, Forbes reported. Musk transferred the 5,044,000 Tesla shares -- which were…
BorgWarner to buy Chinese electric motor business as headwinds hit Q4 bottom line
BorgWarner Inc. plans to buy the electric motor business of Santroll Electric Auto in a deal valued at more than $220 million as the supplier plugs away at electrifying its portfolio though mergers and acquisitions.
The deal was announced…
Maserati to unveil new Grecale SUV on March 22
The new model will be built at parent Stellantis' Cassino plant, central Italy, where the automaker already produces Alfa Romeo's Stelvio SUV and the Giulia sport sedan.
Battery Swapping Policy Announced in Union Budget 2022 Likely to Boost Electric Vehicle; Here is How
Concerned with the flagging environmental conditions and heavy reliance on crude oil imports, the government has set an ambitious target for electric vehicles. The battery swapping policy announced by Finance…
U.S.-Canada bridge closure cost auto industry millions of dollars. Who pays?
DETROIT -- The shutdown of the Ambassador Bridge last week forced by protests in Canada has cost the automotive industry millions of dollars and left many wondering who pays for the latest supply chain crisis.
Direct industry losses amount…
FAW, Audi win approval for $3.3B EV venture
SHANGHAI -- Volkswagen Group's Audi premium brand and its Chinese state-owned partner FAW Group have received approval from Chinese authorities to start construction on their $3.3 billion electric vehicle joint venture plant, according to…
Kia Carens MPV Launched in India at Rs 8.99 Lakh, Features & Specifications
New Delhi: Automaker Kia India on Tuesday launched its fourth product -- the all-new three-row model Carens -- in the domestic market, with an introductory price ranging between Rs 8.99 lakh and Rs 16.99 lakh…
Bosch affected as Suzhou steps up COVID control measures
BEIJING -- A major Chinese high-tech industry center limited some highway access after detecting new COVID-19 cases, while health control measures, including mass testing, affected the local operations of overseas companies such as Robert…
EV Maker Okinawa Autotech Commences Operations at Second Manufacturing Plant in India
New Delhi: Electric two-wheeler manufacturer Okinawa Autotech on Tuesday said it has commenced operations at its second manufacturing unit located in Bhiwadi, Rajasthan. The company aims to manufacture close to…
Windsor declares state of emergency to keep trade flowing at U.S.-Canada border
The bridge accounts for nearly 30 per cent of annual trade between Canada and the U.S., amounting to a trade value of $323 million daily, according to a recent report from The Canadian Press. The bridge is used by more than 40,000…
Stellantis CEO Carlos Tavares warns the automaker’s Ontario plants must get more efficient
Stellantis’ Ontario plants must boost productivity and efficiency to remain competitive especially as the auto industry makes the costly shift towards electrification, CEO Carlos Tavares told union officials during a recent tour of the…
Toyota will cut March output but still targets record production to recover from chip hit
TOKYO -- Racing to catch up on lost production, Toyota Motor Corp. will again dial down output in March even as it plans to churn out a record number of vehicles globally.
Toyota, which has repeatedly chopped its fiscal-year production…
U.S. vehicle inventory flat in January at 1.04 million
U.S. inventory levels stayed largely flat last month as automakers contended with slowing sales and lingering production issues, according to data compiled by Cox Automotive and the Automotive News Research & Data Center.
Dealers began…
Canadian bridge protest unmasks another supply chain vulnerability
An Ontario court granted an injunction Feb. 11 to end the blockade, but the risk of future disruptive protests could soon factor into auto companies' risk management plans, experts said.
Already, trucking protests in Canada, including the…
Canadian bridge protest unmasks another supply chain vulnerability
An Ontario court granted an injunction Feb. 11 to end the blockade, but the risk of future disruptive protests could soon factor into auto companies' risk management plans, experts said.
Already, trucking protests in Canada, including the…
$1.25M raised from Toyota Tundra auctions for Paralympians
Toyota Motor North America raised $1.25 million to support U.S. Paralympians by auctioning two of the first i-Force Max Tundras.
A Tundra Capstone with VIN 001 sold for $700,000, and a Tundra TRD Pro with VIN 002 sold for $550,000 at a…
Standoff continues between police, protesters blocking key trade route
Police in Windsor, Ontario, began to clear protesters who continue to occupy a vital Canada-U.S. trade corridor on Saturday, less than a day after a judge granted an injunction to end the blockade that has crippled North America's…
Police begin to clear protesters defying injunction at U.S.-Canada bridge
Police in Windsor, Ontario, began to clear protesters who continue to occupy a vital Canada-U.S. trade corridor on Saturday, less than a day after a judge granted an injunction to end the blockade that has crippled North America's…
Police begin to move on protesters defying injunction at U.S.-Canada bridge
Police in Windsor, Ontario, said they have "commenced enforcement" against protesters who continue to occupy a vital Canada-U.S. trade corridor on Saturday, less than a day after a judge granted an injunction to end the blockade that has…
Protesters defy injunction order, continue to occupy key U.S.-Canada bridge
Protesters opposing pandemic restrictions flouted a court order and emergency rules, continuing to occupy a vital Canada-U.S. trade corridor early on Saturday, hours after a judge granted an injunction to end the blockade that has crippled…
American Axle takes Q4 loss, but sees unique benefit from EV boom
American Axle & Manufacturing Holdings Inc. took a $46.3 million blow in the fourth quarter, but executives say consolidation in the internal combustion engine market and new business in EVs will benefit its balance sheet.
The…
Bridge blockade at U.S.-Canada border could end after court grants injunction
More police on site
Dilkens said on Thursday that if a peaceful approach fails, the city will have the resources to remove the protestors and their vehicles, drawing on assistance from the Ontario, and perhaps Michigan, governments. The…
‘Almost no one is making parts’ in Canada as Ambassador Bridge blockade cripples…
Nearly every Canadian automotive supplier has ceased building parts for the time being due to the ongoing blockade at the Ambassador Bridge in Windsor, Ontario, according to the association that represents the sector.
“Almost no one is…
Ford to shutter plants, reduce shifts next week as chip shortage drags on
Ford Motor Co. next week will cut Transit van output in Missouri and truck output in Ohio and reduce shifts at a number of other plants because of the ongoing semiconductor shortage.
The automaker said production will be halted next week…
Toyota pledges $90 million for components plants in West Virginia, Tennessee
Toyota Motor North America plans to invest $90 million into two components plants, one each in West Virginia and Tennessee, to expand and prepare for regional production of hybridized and battery-electric vehicles.
The bulk of the funds…
Top China chipmaker warns of growing shortfall as U.S. decouples
Manufacturers in China are increasingly looking to source chips locally because they fear the U.S. and other governments may prioritize domestic users of the semiconductors vital to national security, a senior executive at the country’s…
Suzuki, Hyundai, Tata Among 20 Firms Approved for Auto Sector PLI Scheme
New Delhi, February 11: Tata Motors, Suzuki, Hyundai, Ford, Ashok Leyland, Kia, and Bajaj Auto are among 20 companies approved for Production Linked Incentive (PLI) scheme for the automobile sector, the Ministry of…