NEW DELHI: Automobileindustry body SIAM Monday said vehicle manufacturers are staring at production stoppage if there is no resolution of the issues over restrictions imposed on domestic manufacturers using imported steel. Last month, the government had extended the deadline for automobile makers to use Bureau of Indian Standards (BIS) certified locally produced high grade steel… Continue reading Automakers staring at production stoppage due to restrictions on steel imports: SIAM
Author: Economic Times of India Online News
Under pressure to change, Ford is reinventing itself
The company has not ruled out leaving Europe altogether if its strategy fails, said a source. New York: Struggling with a sagging stock price and sluggish sales, US car giant Ford took steps to regain its footing this week with the announcement of a massive restructuring effort in Europe — even as it prepared for… Continue reading Under pressure to change, Ford is reinventing itself
BMW sold over 140,000 EVs in 2018
“Since launching the BMW i3 in 2013, the BMW Group has rapidly grown its sales of electrified vehicles.” New Delhi: Luxury carmaker BMW Group on Thusrday said that the company has sold more than 140,000 electrified (battery-electric and plug-in hybrid) vehicles in 2018 worldwide. In total, the company delivered 142,617 units of electrified BMW and… Continue reading BMW sold over 140,000 EVs in 2018
U.S. top court declines to take up Fiat Chrysler hacking case
WASHINGTON: The U.S. Supreme Court on Monday declined to hear Fiat Chrysler‘s appeal in a class action lawsuit over allegations that its Jeeps and other trucks are vulnerable to hacking, one of the first legal cases involving automotive cybersecurity risks. The court’s action paves the way for a trial in the litigation centering on the… Continue reading U.S. top court declines to take up Fiat Chrysler hacking case
NCLAT asks Liberty House if it wants to go ahead with resolution plan for Amtek Auto
In March last year, Liberty House, part of Sanjeev Guptas global industrial group GFG Alliance, said it emerged as the successful highest bidder for Amtek Auto. New Delhi: The National Company Law Appellate Tribunal (NCLAT) has asked if UK-based Liberty House is willing to go ahead with its resolution plan for the debt-ridden Amtek Auto… Continue reading NCLAT asks Liberty House if it wants to go ahead with resolution plan for Amtek Auto
Nissan’s Carlos Ghosn to make first public appearance in 7 weeks in court
It would be Ghosn’s first public appearance since he was arrested on Nov. 19 on allegations of financial misconduct. Go to Source
Canada auto sales fall 8 pct in December
Top U.S. automakers also reported a dip in auto sales for the month of December, however remained bullish on pickups in 2019 sales. Canada‘s auto sales declined 8 percent in December from a year earlier, marking the ninth straight month of sales drop, according to industry data released on Thursday. Overall sales for December fell… Continue reading Canada auto sales fall 8 pct in December
UAW sues GM over use of temporary workers at Indiana plant
Trump previously criticized GM’s strategy and has called on the Detroit automaker to find a new vehicle for the Lordstown plant. DETROIT: The United Auto Workers union sued General Motors Co in federal court on Thursday, claiming the automaker’s use of temporary workers at a plant in Indiana violates its labor deal and escalating a… Continue reading UAW sues GM over use of temporary workers at Indiana plant
Electric vehicles’ market share small, but set to rise
Automakers view electrification as critical to the future of the automotive space and are accelerating efforts to electrify their fleets. Electric vehicles (EVs) currently make up a small fraction of total automotive sales globally. However, they are expected to gain share over the next several years as governments across the globe — mainly in China… Continue reading Electric vehicles’ market share small, but set to rise
Carlos Ghosn’s daughters see a Nissan revolt behind his arrest
Ghosn’s children said that they believed the houses were known to Nissan. The children of Carlos Ghosn, the jailed auto executive who oversaw an alliance that sold more than 10 million cars a year, believe accusations of financial misconduct against him are part of a revolt within Nissan against exploring a possible merger with Renault.… Continue reading Carlos Ghosn’s daughters see a Nissan revolt behind his arrest