PSA’s Chief Executive Carlos Tavares had said last month that it was hard to decide upon the group’s strategy for Vauxhall given lack of clarity over Britain’s plans to leave the European Union. PARIS: French carmaker PSA and Malaysian company Naza Corp have signed a deal to jointly produce PSA-branded cars for Malaysia and other… Continue reading Carmaker PSA, Malaysia’s Naza sign deal to produce PSA cars for Asia
Author: Economic Times of India Online News
UK to align auto regulations with EU post Brexit
Hunt also said there was no possibility of the government changing its position on leaving the customs union after Brexit. LONDON: Britain will align its regulations with the European Union‘s in some areas, such as the automotive sector, after it leaves the bloc in 2019, health minister Jeremy Hunt said on Friday. Hunt also told… Continue reading UK to align auto regulations with EU post Brexit
Avis steers into crowded field for managing ride services fleets
By Nick Carey DETROIT, – When Avis Budget Group Inc reports its results on Wednesday, executives under pressure from restive shareholders will likely point to the potential for profits from managing fleets of vehicles for ride services and robo-taxi companies. Avis, however, won’t be alone in chasing revenue from the same ride service companies that… Continue reading Avis steers into crowded field for managing ride services fleets
Toyota design chief sees future without mass-market cars
NAGOYA: As sharing services change car use and ownership, Toyota Motor Corp’s new design chief believes that vehicles will shift towards either generic boxes on wheels for everyday use or ultra-luxury cars, wiping out the need for mass-market models. Simon Humphries, responsible for design at the automaker’s Toyota and Lexus brands, said that fleets of… Continue reading Toyota design chief sees future without mass-market cars
BMW to build car assembly plant in Russia’s Kaliningrad region
BMW was previously considering building the plant in other regions of Russia. Moscow: German carmaker BMW has decided to build a car assembly plant in the Kaliningrad region, a Russian exclave on the Baltic Sea, Russian Industry Minister Denis Manturov said in an interview with business daily Vedomosti. The project will be part of a… Continue reading BMW to build car assembly plant in Russia’s Kaliningrad region
Daimler warns of supply chain risk from switch to electric cars
Daimler said spending on research and development would increase slightly in 2018 after spending 8.7 billion euros in 2017, a rise of 15 percent. FRANKFURT, – Daimler AG, owner of the Mercedes-Benz brand, warned that a fall in demand for diesel cars and a switch to electric vehicles could force it to prop up its… Continue reading Daimler warns of supply chain risk from switch to electric cars
Mitsubishi Motors Q3 profit jumps 19 fold to $865 mn
As part of the alliance that includes Nissan and Renault, Mitsubishi Motors is also targeting cost-savings of more than 100 billion yen over the next three years due to development and procurement efficiencies. TOKYO: Mitsubishi Motors Corp on Monday said its operating profit more than doubled during the third quarter as higher sales in Asia… Continue reading Mitsubishi Motors Q3 profit jumps 19 fold to $865 mn
Australia new vehicle sales make strong start in Jan
The Australian Federal Chamber of Automotive Industries’ VFACTS report showed 88,551 new vehicles were sold in January, up a healthy 4.3 per cent on the same month of last year.
Volkswagen offers two-step wage increase in German pay talks
The German carmaker has proposed a 30-month wage contract for about 120,000 staff, with the two-step salary increase starting in May, it said in a written statement published after talks with the IG Metall labour union.
German industrial workers to start 24-hour walkouts on Tuesday
The union has also asked for workers to be given the right to reduce their weekly hours to 28 from 35 to care for children, elderly or sick relatives, and return to full time after two years. DUESSELDORF/MUNICH: German industrial workers will start a fresh wave of walkouts at metals and engineering companies across the… Continue reading German industrial workers to start 24-hour walkouts on Tuesday