Author: World_Newz Mon

China fines Toyota 87.6m yuan over Lexus price-fixing

CHINA’S market regulator on Friday has fined Japanese carmaker Toyota Motor 87.6 million yuan (S$16.9 million) for price-fixing on its premium Lexus cars in eastern Jiangsu province.Lexus also fixed sales strategies in the region over the period, including offering customers discounts while asking them to purchase accessories at fixed prices, a sales tactic usual among individual auto dealers in China but frowned upon for carmakers.China’s car sales are declining, but Lexus’ sales keep growing.

People-moving tunnel to open in Las Vegas: Musk

A TUNNEL in Las Vegas that is nearly 1.5 km long and meant to showcase a “traffic busting” alternative for overcrowded cities should be completed next year, innovative entrepreneur Elon Musk said on Twitter.The Las Vegas convention centre is a sprawling complex being further enlarged – the 1.3 km tunnel would facilitate travel within the center and to the city’s famous Strip, where many of its major hotels and casinos are located.Las Vegas officials selected The Boring Company in March to design, build and manage twin tunnels capable of transporting passengers in small, autonomous vehicles, each holding eight to 16 passengers.

Turkey debuts home-made electric car

Turkey unveiled its first fully domestically-produced car on Friday (27 December), saying it aimed to eventually produce up to 175,000 a year of the electric vehicle in a project expected to cost 22 billion lira (€3.3 billion) over 13 years.The consortium, called Turkey’s Automobile Initiative Group (TOGG), was established in mid 2018 by five industrial groups: Anadolu Group, BMC, Kok Group, mobile phone operator Turkcell and Zorlu Holding, the parent of TV maker Vestel.TOGG’s CEO is former Bosch executive Gurcan Karakas and its chief operating officer is Sergio Rocha, former General Motors Korea chief executive. More sourcesTurkey unveils first fully home-made car (The Business Times: Dec 30, 2019 at 12:00 AM)

Turkey rolls out 1st 100% domestic-made car

ISTANBUL (Reuters) — Turkey unveiled its first fully domestically-produced car on Friday, saying it aimed to eventually produce up to 175,000 a year of the electric vehicle in a project expected to cost 22 billion lira ($3.7 billion) over 13 years.The project has been a long-time goal of Turkis…

Turkey unveils first domestically-produced electric car

Turkey unveiled its first fully domestically-produced car on Friday, saying it aimed to eventually produce up to 175,000 a year of the electric vehicle in a project expected to cost 22 billion lira ($3.7 billion) over 13 years.The consortium, called Turkey’s Automobile Initiative Group (TOGG), was established in mid 2018 by five industrial groups: Anadolu Group, BMC, Kok Group, mobile phone operator Turkcell and Zorlu Holding, the parent of TV maker Vestel .TOGG’s CEO is former Bosch executive Gurcan Karakas and its chief operating officer is Sergio Rocha, former General Motors Korea chief executive.

Erdogan unveils prototypes of Turkey’s first domestic car

Turkish President Recep Tayyip Erdogan has unveiled prototypes of a domestically-produced electric car, putting him closer to fulfilling a long-held dream of building Turkey’s first “national” automobile.The vehicle is being produced by a consortium of five Turkish companies called the Automobile Initiative Group of Turkey, or TOGG.During the 1960s, a group of Turkish engineers built prototypes of a car called Devrim, or Revolution in English,.

BMW Korea wins lawsuit against government’s emission-related fine

BMW Korea has virtually won a lawsuit against the over 60 billion-won (US$51.7) fine imposed by the government over the auto company’s gas emission verification, sources said Saturday.In September, the Supreme Court of Korea convicted BMW Korea of illegally skipping the compulsory gas emission verification process and forging related documents in the period of 2012-2017, leading to the government’s imposition of a 62.7 billion-won fine on the company.The administrative court pointed out the environment ministry incorrectly applied the outdated Clean Air Conservation Act’s ban on “the production of sales of cars without a (gas emission) verification,” while BMW Korea was convicted of “illegally winning (gas emission) verification.”

Aurus cars to be presented in ten colors

MOSCOW, December 25. /TASS/. Russian luxury cars Aurus will initially have ten colors, although the color range can be expanded later on, Industry Minister Denis Manturov said in an interview with the Izvestiya newspaper published on Wednesday.
“We will start from about ten colors, including ‘Latte Macchiato,' ‘Velvet Ruby,' ‘Red Desert,' and others. The color range can then be expanded significantly as part of customization,” Manturov said.
The number of orders for Aurus cars is already above 600. About 200 vehicles are planned to be produced in the next year.
Aurus is a Russian brand of cars for senior officials. The car was designed as part of the Cortege project, which has been implemented by NAMI (Central Scientific Research Automobile and Automotive Engines Institute) in Moscow, Russia, since 2013. The project envisages the creation of the line of cars on the base of a single platform (sedan, limousine, minivan and sport utility vehicle, or SUV).