Berlin: Daimler confirmed Sunday it was facing a regulatory probe after a report said German authorities have uncovered a previously unknown type of pollution trickery software allegedly installed by the car giant in some of its vehicles. The Federal Motor Transport Authority (KBA) has initiated a formal hearing procedure, Bild am Sonntag newspaper reported. The… Continue reading Daimler faces probe over ‘new cheating software’
Author: Economic Times of India Online News
Mazda recalls nearly 190K cars due to failing wipers
DETROIT: Mazda is recalling nearly 190,000 Mazda 3 compact cars in the U.S. because the windshield wipers can fail. The company says in documents posted Saturday by the U.S. National Highway Traffic Safety Administration that the recall covers cars from the 2016 through 2018 model years. The Japanese automaker traced the problem to metal deposits… Continue reading Mazda recalls nearly 190K cars due to failing wipers
Dongfeng Honda starts operation of its third plant in China
New Delhi: Dongfeng Honda Automobile on Friday announced that the company has started the operation of its third factory in the central Chinese city of Wuhan. Sales of Dongfeng Honda witnessed a year-on-year surge of 19.8 percent in the first quarter of 2019, thanks to a continuing popularity of the CR-V sports utility vehicle and… Continue reading Dongfeng Honda starts operation of its third plant in China
Suppliers Freudenberg, Benteler join forces in electric cars
Benteler will provide know-how on chassis and system integration and Vibracoustic expertise in reducing noise and vibration, the companies said. FRANKFURT: German car parts makers Benteler and Freudenberg Vibracoustic are joining forces in the development of parts for electric vehicles, the companies said on Thursday, amid a growing trend of companies in the sector cooperating… Continue reading Suppliers Freudenberg, Benteler join forces in electric cars
Micro-mobility startup Pi Beam Labs raises pre-Series A funding
Chennai: Pi Beam Labs, a maker of electric utility vehicles for the micro-mobility market, and a startup incubated at IIT-Madras’ Incubation Cell has raised an undisclosed amount of pre-Series A funding from Eagle10 Ventures, Bluehill Capital, and other high net-worth individuals. The startup works with public sector undertakings on last-mile delivery of gas cylinders and… Continue reading Micro-mobility startup Pi Beam Labs raises pre-Series A funding
BMW Group India posts highest-ever Q1 sales growth of 19%
New Delhi: BMW Group India on Thursday posted highest ever Q1 sales growth of 19 per cent at 2,822 units for the period ended March 31st 2019. All three brands – BMW, MINI and BMW Motorrad – are on a strong growth track from the start of the year overcoming the current market scenario, the… Continue reading BMW Group India posts highest-ever Q1 sales growth of 19%
Ford would reconsider UK investments if no deal on Brexit
HALFWEG: Ford warned Tuesday that it will reconsider its investments in Britain if the country cannot work out a deal to leave the European Union that guarantees smooth trading with the bloc. At a glitzy unveiling of new cars with electric and hybrid engines, Ford of Europe Chairman Steven Armstrong warned of the potentially disastrous… Continue reading Ford would reconsider UK investments if no deal on Brexit
Complete Auto Sales Analysis FY19: A Roller coaster year for automakers
After previous fiscal’s excitement overcast fizzed away in the first half of the financial year 2018-19, auto demand slipped down south resulting into a lower single digit growth for most of the segments in FY 2018-19. Macroeconomic factors like interest rate, inflation and good forecast monsoon lifted the demand in the first half of the… Continue reading Complete Auto Sales Analysis FY19: A Roller coaster year for automakers
In a first, electric cars outsell traditional ones in Norway
Norway has waived hefty vehicle import duties and registration and sales taxes for buyers of electric cars to boost sales. COPENHAGEN: In a symbolic first, electric cars outsold fossil fuel-powered ones in Norway last month. Christina Bu, the Norwegian Electric Vehicle Association‘s general secretary, says sales figures show 58.4 percent of new cars sold in… Continue reading In a first, electric cars outsell traditional ones in Norway
BYD unveils nine new cars in Beijing
NEW DELHI: Chinese carmaker, BYD on Friday unveiled of nine new cars at its 2019 spring launch show in Beijing. The event also highlighted the all-new BYD New Architecture (BNA) upgrade alongside several innovative technologies. The nine new petrol-driven, DM (dual-mode) plug-in hybrid and pure electric cars. “From research and development systems to product platforms… Continue reading BYD unveils nine new cars in Beijing