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auto
Maruti Suzuki Sales Decline 24% to 1,38,335 Units in October, 2021
New Delhi, Nov 1: The country's largest carmaker Maruti Suzuki India (MSI) on Monday reported a 24 per cent decline in sales at 1,38,335 units in October.
The company had sold 1,82,448 units in October last year,…
Holden proving ground again in search of a new owner
The Vietnamese automaker VinFast, which paid $36.3 million for the 2,200-acre property in late 2020, has since decided to abandon its engineering operations in Australia.
The latest numbers on the microchip shortage: N.A. plants take bulk of chip hit
Nearly nine out of every 10 vehicles cut from global production plans last week due to the ongoing microchip shortage were axed from North American plants.
Bajaj Auto Reports 14% Decline in Total Sales in October, 2021
New Delhi, Nov 1: Bajaj Auto on Monday reported a 14 per cent decline in total sales at 4,39,615 units in October.
The company had sold a total of 5,12,038 units in the same month last year, Bajaj Auto said in a…
Michigan tries to woo GM for battery factories
The state, where economic development officials are upset over missing out on big investments Ford is making in Kentucky and Tennessee, is "of course" in the running for two planned battery plants, GM President Mark Reuss said.
Odisha Govt Makes 100% Exemption on Taxes for Electric Vehicles
Bhubaneswar, October 30: The Odisha government has made 100 per cent exemption on motor vehicle (MV) taxes and registration fees on electric vehicles in accordance with the Odisha Electric Vehicle Policy, 2021. The…
Toyota invests $461 million in Kentucky complex; Lexus ES to move back to Japan
The Japanese automaker will also offer permanent jobs to 1,400 employees currently working there through Kelly Services, as well as to all future employees.
Volvo shares gain after IPO as investors buy into EV future
The automaker wants use IPO proceeds to add capacity and almost double annual sales to 1.2 million vehicles by 2025.
Daimler posts higher Q3 profit as it shakes off chip crunch
The automaker said it had kept a "tight grip" on costs as it focused on more profitable models including in its Maybach and performance AMG brands.
EV revolution puts the squeeze on small Japanese suppliers
Auto suppliers in Japan are confronting a dilemma as the industry pivots away from the combustion engine: Either make the shift too, or find new business.
Bosch to spend $467 million to expand chip operations in 2022
Bosch said it would expand its semiconductor fabrication plants — known as wafer fabs — in Dresden and Reutlingen, Germany.
Ford Q3 profit falls 24% to $1.8B; shares rally
The automaker again raised its full-year guidance and announced a reinstatement of a quarterly cash dividend as the microchip shortage abates. Shares rallied on Wall Street on Thursday.
VW Q3 profit falls 12% on chip shortage
The automaker is "not yet resilient enough to fluctuations in capacity utilization," VW finance chief Arno Antlitz said.
Stellantis confirms 2021 margin target despite Q3 drop in sales
The full-year total toll of lost production due to the chip crisis will exceed a previous forecast of 1.4 million units, CFO Richard Palmer said.
Jeep plant hit with second air quality violation in Detroit
A Stellantis spokeswoman said the violation was related to ducting requirements within the plant's paint shop.
Tesla Likely To Start Accepting Bitcoin Again: Report
New Delhi: Elon Musk-run electric car company Tesla is likely to start accepting Bitcoin again in exchange for its products and services. According to a document filed in relation to the company's earnings report…
Bajaj Pulsar N250, F250 Launched in India; Check Prices & Other Details Here
Bajaj Auto, the Indian motorcycle maker, has officially launched Pulsar N250 and F250 models today in India. Bajaj Pulsar N250 is priced at Rs 1.38 lakh whereas the Pulsar F250 costs Rs 1.40 lakh (all prices…
Ford Q3 profit falls 24% to $1.8B
The automaker again raised its full-year guidance and announced a reinstatement of a quarterly cash dividend as the microchip shortage abates.
Eberspaecher put workers on reduced hours after cyberattack
Production is at a standstill at many of the supplier's factories after the cyberattack largely paralyzed computers systems globally.
McLaren CEO Flewitt abruptly resigns from UK supercar maker
Mike Flewitt is stepping down after eight years leading the ultraluxury auto company.
McLaren CEO Flewitt resigns, report says
Mike Flewitt is stepping down after eight years leading the company, according to Bloomberg.
How cyberattacks disrupt the auto supply chain
Attack on German supplier Eberspaecher highlights risk of ripple effects.
Stellantis to maintain DS brand despite lackluster sales
The question of maintaining the brand's presence in the world’s biggest market had come up again after Stellantis sold its stakes in a local production site for the unit.
EV Startup REVOS Launches BOLT Charging System
New Delhi: EV infrastructure provider REVOS on Tuesday launched BOLT, peer-to-peer charging points which will be available at a launch price of Rs 1 each from October 29 till December end. In the next two years,…
Huawei’s HarmonyOS-Powered Electric Vehicle Coming Later This Year: Report
Beijing: Chinese tech giant Huawei has announced that it will start the production and delivery for a small batch of Arcfox Alpha S electric vehicles in the fourth quarter of this year. The car is priced between…
Evergrande plans to prioritize EV business
The group will move away from focusing on its property interests, its chairman said.
The latest numbers on the microchip shortage: 26,000 N.A. vehicles out
North American factories took another 26,000 vehicles out of their production schedules last week, significantly more than companies were cutting at the beginning of the month.
IHS production outlook: Bad now, record high in ’24
This year's lows in light-vehicle sales and production will give way to sharp increases in years to come, according to projections.
Japan gets its head into the EV game — cautiously
To crack the code of building low-cost electric vehicles, Japan's automakers intend to leverage their skills at tried-and-true lean manufacturing and kaizen.
Does Toyota’s new battery factory mean a new U.S. assembly plant?
Toyota Motor North America's announced plans to build a battery plant may require the Japanese automaker to build another assembly plant in the U.S.