Author: World_Newz Mon

Peugeot Harnessed Family Ties to Woo Fiat After Renault Snub

Late in May, John Elkann was back in Paris. The city had become a frequent destination for the scion of the Italian Fiat clan as he worked to get a combination with Renault SA over the line. But days before announcing the deal, Elkann walked into the apartment in the affluent 16th district of an unusual dinner companion: Robert Peugeot, a descendant of the namesake carmaker and Renault arch rival.

Mazda braces for 30% FY profit drop on falling car sales in US, China: Nikkei

Mazda Motor Corp is facing a drop in annual profit of about 30 per cent as the Japanese automaker struggles with falling sales in the United States and China, its biggest markets, the Nikkei newspaper reported on Friday.The updated forecast would be almost half the automaker’s previous profit forecast of 110 billion yen.Demand for Mazda vehicles including the Mazda3 sedan and the CX-5 SUV crossover has slumped since the company posted record annual sales of about 1.6 million vehicles in the 2018 financial year.

Volkswagen introduces electric car in Sub-Saharan Africa for 1st time

KIGALI, Oct. 29 (Xinhua) — German automaker Volkswagen (VW) on Tuesday launched a pilot project of its electric car e-Golf in partnership with German technology giant Siemens in Kigali, capital city of Rwanda, which makes Rwanda the first country in Sub-Saharan Africa where VW introduces an electric car.
VW had in June 2018 launched a car assembling plant in Rwanda together with integrated mobility solutions including application-based car-sharing services. The Rwandan plant has an annual capacity of assembling up to 5,000 cars including Polo, Passat and Teramont, and can create up to 1,000 jobs per year.
The success of VW's pioneering mobility solutions business in Rwanda has shown that the central African country has the potential to leapfrog the internal combustion engines into electric cars, said Thomas Schaefer, Chairman and Managing Director of VW Group South Africa at an official launch of the project.
Rwanda becomes the first African country where Volkswagen is testing el..

Hyundai, Taavura forge partnership for future mobility

South Korean carmaker Hyundai Motor and Israeli mobility firm Taavura have forged a partnership to seek business opportunities in future mobility, the companies said Tuesday.The company plans to establish a Taavura Innovation Center this year to nurture Israeli budding enterprises and secure its innovative technology in smart mobility, transportation, logistics and energy.Sull Won-hee (left), executive vice president and head of Hyundai Motor’s Technology Innovation Center shakes hands with Shai Livnat, CEO of Taavura Group, at an MOU signing ceremony held in Ramla, Israel, on Monday.

Passat might soon be made in Bratislava

Volkswagen might start producing its Passat model.The supervisory board of Volkswagen is expected to meet this week to decide on whether they will work on the planned construction of the plant in Turkey.Lower Saxony owns a 20 percent share in Volkswagen and it has a great impact on the carmaker’s decision-making.

Hungarian-Israeli JV to develop self-driving bus comms system

Hungarian and Israeli business partners have established a joint venture to develop a communication system for dispatchers and passengers on self-driving buses, diplomatic and government officials from the two countries said at the Hungarian embassy in Tel Aviv on Sunday.WeVid will have access to ZalaZone, Hungaryʼs new test track for self-driving vehicles, to develop its solution.

Bentley’s CEO of North and South America reveals the biggest way millennials are different than older customers

Climate change has received more attention as its current and future effects become increasingly dire.Like other automakers, Bentley plans to increase its electric and hybrid offerings in the coming years.Each of its vehicles will have a hybrid option by 2023, and the luxury automaker plans to release its first fully-electric vehicle in 2025.