By Nam Hyun-woo LAS VEGAS ― Daimler AG Chairman and CEO Ola Kallenius called for additional taxation for CO2 which is “universal across industries” as it would be the most economical way to solve global problems stemming from carbon emissions.The new Mercedes-Benz head took the assessment after the German luxury car brand presented its new policy to pursue “sustainable luxury,” by “decoupling volume growth from resource consumption.”Kallenius admitted that pursuing an eco-friendly business is not free from financial pressures.
Author: World_Newz Mon
2020 Hyundai Creta to be launched in India in mid-March
For all those who have been eagerly waiting to bring home the 2020 Hyundai Creta, there is a piece of good news related to its launch.It has been facing stiff competition from the likes of Kia Seltos and MG Hector of late.Now, the Seltos comes with three BS6 engine choices — 1.5-litre petrol (115 PS and 144 Nm), 1.5-litre VGT diesel (115 PS and 250 Nm) and 1.4-litre Turbo GDI petrol (140 PS and 242 Nm).
Carmaker Bentley returns to profitability as sales rise in 2019
LONDON, Jan 7 (Reuters) – British luxury carmaker Bentley returned to profitability in 2019, helped by a 5% sales increase after a strong performance in Europe and the Americas, the Volkswagen-owned brand said on Tuesday.
Sales reached 11,006 vehicles last year, boosted by the new Continental GT Convertible model and a series of derivatives and limited edition models.
“This result secures Bentley's return to profitability, demonstrates the successful implementation of our turnaround, and sends a clear signal for the potential of Bentley for 2020,” said Chief Executive Adrian Hallmark.
The firm did not disclose its profit figure for the year but in the first nine months of 2019, operating profit stood at 65 million euros ($73 million), according to previously released figures from Volkswagen.
In 2018, the marque reported a loss of 288 million euros due to delays in the start of the Continental GT model and the effect of exchange rates.
Sales in China fell by just over 12% to 1,940 ..
Volvo aims to sell 12,000 vehicles in S. Korea this year
Volvo Cars Korea said Tuesday it aims to sell 12,000 vehicles this year on higher demand for its SUVs.Volvo had a stellar performance compared with its bigger rivals, including BMW, Volkswagen and Toyota Motors Corp..
Topsun Motors inaugurated in Pakistan
LAHORE-Provincial Housing Minister Mian Mehmood-ur-Rasheed has said that Pakistan is progressing rapidly with the cooperation of China, while Chinese companies are taking keen interest for investment in the country.PTI leader Aijaz Chaudhry , Topsun Motors MD Malik Riaz, Shafiq Chaudhry, Malik Ahsaan Langrial, Abdul Waheed Butt, Malik Abdul Razzaq,Malik Fiaz, Malik Nawaz, Malik Shahbaz, Malik Aiaz and Amir Salim were also present on the occasion.The minister praised the private sector for playing key role in the development of Pakistan.
Former Nissan Executive’s Home Raided While Interpol Issues Arrest Warrant
Japanese prosecutors raided the Tokyo home of former Nissan Chairman Carlos Ghosn Thursday while the international police organization Interpol submitted a warrant for his arrest to Lebanese authorities.Japanese media reported earlier that there were no official records in Japan of Ghosn’s departure and that a private jet departed from a regional airport to Turkey.Turkey’s state-run Anadolu News Agency reported Thursday that authorities investigating Ghosn’s travels from Japan to Istanbul had arrested seven people, including four pilots, a cargo company manager and two airport employees.
MG Hector retail sales at 3,021 units in December 2019
MG (Morris Garages) Motor India has recorded retail sales of 3,021 units of the Hector in December 2019.MG Hector features a chrome accent surrounded front grille, split LED headlamps, LED DRLs, LED fog lamps, LED tail lamps, LED fog lamps, dualtone machined alloys, shark fin antenna and heated ORVM.MG Motor India is all set to launch the ZS electric vehicle this month.
NIO CEO pledges to improve finances as Tesla challenge looms
THE head of NIO Inc pledged an improvement in the struggling Chinese electric carmaker’s finances as demand picks up and the company’s cost-cutting efforts start to bear fruit.China’s electric car market is slowing as the government reduces subsidies, and competition is getting tougher with Tesla preparing to start deliveries of its China-built Model 3 sedans.Yet losses will probably continue to mount: for 2020, the average loss estimate is US$1.2 billion on revenue of US$1.7 billion.
NIO Has Smaller Loss Than Estimated on EV Sales; Shares Soar
NIO Inc. reported a narrower third-quarter loss than analysts estimated as demand for electric cars picked up, yet the struggling Chinese manufacturer remains far from profitability amid high costs. The stock soared.
Maruti Suzuki Vitara Brezza facelift spied sans camouflage
Maruti Suzuki Vitara Brezza has been a crowd favourite ever since its launch in India in March 2016 and the sales numbers achieved by the vehicle vehemently back the claim.The front fascia of Maruti Suzuki Vitara Brezza facelift has been tweaked and gets a new grille flanked by refurbished projector headlamps with LED DRLs.The major change is expected to come under the hood of Maruti Suzuki Vitara Brezza facelift.