Volkswagen says production suspended in Algeria

The Sovac-Volkswagen factory opened in 2017 at Relizane, some 250 kilometres (150 miles) southwest of Algiers, and assembles kits provided by the German parent. Frankfurt am Main: Carmaker Volkswagen has suspended production in Algeria, where the head of its local partner has been detained since June in a corruption probe, a spokesman for the German… Continue reading Volkswagen says production suspended in Algeria

Another massive Takata recall looms for large batch of airbags

The Japanese parts maker pleaded guilty to a wire-fraud charge as part of a $1 billion settlement with the U.S. Justice Department over the air-bag problems, and later went out of business. Global automakers may face another potentially huge air-bag recall as the U.S. transport regulator evaluates the long-term safety of inflators made by bankrupt… Continue reading Another massive Takata recall looms for large batch of airbags

China electric-car startups NIO, Xpeng team up in charging

NIO will also provide home-charger installation services for some Xpeng customers. Chinese electric-vehicle manufacturers NIO Inc. and Xpeng Motors agreed to share charging stations as well as related services and data, seeking to spur EV demand and curb costs. NIO and Xpeng customers can charge their cars using either companies’ facilities with no extra fees,… Continue reading China electric-car startups NIO, Xpeng team up in charging

Israel’s Delek Group sells rest of auto unit for $78 million

Earlier this week, Delek sold a 7% stake in Delek Automotive — which imports and sells Mazda, Ford, Lincoln and BMW vehicle. JERUSALEM: Israeli conglomerate Delek Group said it was selling its remaining 14.99% stake in its Delek Automotive unit to an unnamed third party for 269 million shekels ($78 million). In a regulatory filing… Continue reading Israel’s Delek Group sells rest of auto unit for $78 million

Volkswagen strikes settlement with Canada over ‘dieselgate’

The German manufacturer has since paid more than 30 billion euros ($33.2 billion) in damages, fines and legal fees, much of it in the United States. Berlin: German automobile giant Volkswagen confirmed Tuesday it had struck a settlement with the Canadian government over allegations that it deliberately broke environmental protection laws, part of the company’s… Continue reading Volkswagen strikes settlement with Canada over ‘dieselgate’

Tata Motors Group global wholesales down 15% at 89,671 units in November

Globally, wholesales of all Tata Motor’ commercial vehicles and Tata Daewoo range in November 2019 were at 31,030 units, down 19 per cent from November 2018. New Delhi: Tata Motors Group has announced its global wholesales in November 2019 was 89,671 units, down 15 per cent compared to the same month last year. The number… Continue reading Tata Motors Group global wholesales down 15% at 89,671 units in November

Honda’s Hachigo seizes the wheel as quality crisis hits profits

At the two-day meeting in Utsunomiya, Hachigo and his procurement managers told suppliers to help Honda slash its range of cars and dumb down model types and options. By Norihiko Shirouzu and Naomi Tajitsu UTSUNOMIYA: At a two-day gathering for Honda‘s suppliers in March, Chief Executive Takahiro Hachigo sounded the alarm. At the Hotel Higashinihon… Continue reading Honda’s Hachigo seizes the wheel as quality crisis hits profits

EV charging biz likely to grow at 50% in next 3 years in India: Delta Electronics

Recently, the company introduced its next generation charging solutions — DC City Charger and AC Max — that will cater to the need of public charging infrastructure. New Delhi: Power and energy management firm Delta Electronics expects its electric vehicle charging business in India to grow around 50 per cent per annum in the next… Continue reading EV charging biz likely to grow at 50% in next 3 years in India: Delta Electronics

SN Burman quits Tata Motors; other positions rejigged owing to slowing PV sales

SN Burman, a Maruti Suzuki veteran has joined Indian automobile major Tata Motors in 2015. New Delhi: SN Burman, Vice President (Sales, Marketing & Service-Passenger vehicles) at Tata Motors has resigned from his position, source close to the development told ETAuto. SN Burman, a Maruti Suzuki veteran has joined Indian automobile major Tata Motors in… Continue reading SN Burman quits Tata Motors; other positions rejigged owing to slowing PV sales

Italy tax authorities say Fiat underestimated value of Chrysler by $5.6 bln

FCA said the issuance of a final audit report starts a 60-day negotiation period, which ends with the issuance of a final audit assessment expected to be received by the end of December 2019. MILAN: Italian tax authorities believe that Fiat Chrysler Automobiles underestimated the value of its U.S. business by 5.1 billion euros ($5.6… Continue reading Italy tax authorities say Fiat underestimated value of Chrysler by $5.6 bln