Author: World_Newz Mon

Honda profit plummets

Honda Atlas Cars reported a 50 per cent drop in its profit after tax down to Rs509.7 million in the July to September period of its half yearly financial results filed with the stock exchange on Thursday.The fall in sales revenue is largely due to a fall in sales volume dropping by 67pc year-on-year.HCAR saw its gross margin improve by 288 basis points to 10.4pc “on back of higher car prices and cost efficiencies” in the second quarter.

Ferrari Roma coupe unveiled

Ferrari has unveiled the new Roma.The luxury coupe can make 0-100 kmph in 3.4 seconds and 0-200 kmph in 9.3 seconds.Ferrari Roma’s chassis makes use of the modular technology developed by the luxury sports car manufacturer for its new generation models.

German auto giant BMW presents research facility for battery cells in Munich

BERLIN, Nov. 15 (Xinhua) — German auto giant BMW presented a battery cell research center on Thursday to “advance battery cell technology and carefully dissect the production processes.”
According to BMW, total investments for the research center in Munich, where 200 people will be employed, are 200 million euros (219.9 million U.S. dollars).
Battery cell technology is a “key success factor” for BMW vehicle fleet because it affects both the operational performance of cars as well as battery costs, said Oliver Zipse, chief executive officer of BMW.
BMW announced that it would not manufacture the battery cells itself but would only develop batteries specially tailored to the needs of its cars in cooperation with the battery manufacturers. Furthermore, scientists at the facility would research new materials to produce battery cells.
Employee representatives at the BMW Group would be “actively involved” with the aim of developing expertise within the company to secure jobs “for the long t..

Hyundai to Roll out Pickup Trucks at Its U.S. Plant

Hyundai will manufacture a pickup truck exclusively for the North American market.The automaker expects to bank on the Santa Cruz to boost its profitability, as pickup trucks are the most popular vehicles in the U.S.Sport utility vehicles accounted for 72.1 percent of total car sales there for this year, and an estimated 20 percent of them were pickup trucks.

Alabama-built Hyundai Santa Cruz pickup in the works

Hyundai has confirmed plans for an Alabama-built pickup called the Santa Cruz.Along with its sleek styling, the Santa Cruz concept featured an extended cab with rear-hinged half-doors and a unique extendable bed that gave it the carrying capacity of a midsize pickup.Hyundai has not confirmed either feature or the final styling for the production vehicle.

German carmaker Daimler presents new business strategy for coming years

BERLIN, Nov. 14 (Xinhua) — The German car manufacturer Daimler on Thursday presented a new sustainable business strategy with a “clear commitment” to CO2-neutral mobility as well as cost-cutting measures.
According to Daimler, global regulatory CO2 targets would require ongoing high investment. The growing range of plug-in hybrids and all-electric vehicles was leading to cost increases that would have a negative impact on the return on sales of Mercedes-Benz cars.
In Daimler's core business alone, Mercedes-Benz Cars, the car manufacturer planned to save more than 1 billion euros (1.1 billion U.S. dollars) in personnel costs by the end of 2022. To this end, Daimler was seeking to cut jobs both in management and in non-production areas such as logistics and accounting.
According to Daimler, it would be in close contact with its employee representatives “in order to make the measures as acceptable as possible.”
With the business strategy, Daimler was also seeking to improve its free..

Daimler takes “reality check” on robotaxis

* Daimler says robotaxi tech proving difficult to perfect
* Benefits of such vehicles unclear
* CEO says to “rightsize” spend level on robotaxis
* Commercial vehicles may be more suited for assisted driving tech (Adds details)
FRANKFURT, Nov 14 (Reuters) – Daimler has taken a “reality check” on self-driving “robotaxis”, acknowledging that making them safe is proving harder than first thought amid questions over their future earnings potential.
Chief Executive Ola Kaellenius told journalists on Thursday Daimler would “rightsize” its spending level on robotaxis and that self-driving technology would more likely be applied to commercial vehicles for freight companies on long haul routes.
Carmakers raced to develop self-driving vehicles after Google presented a prototype car in 2012, leading Daimler to develop an autonomous Mercedes.
The idea of fleets of robotaxis picking up and ferrying customers around cities gained traction, driven by the stellar growth of ride services such as Uber an..

The Ferrari Roma is for rich people who are afraid of Ferraris

Ferrari’s new car is pretty sweet.The two-plus-two-seat two-door features a sleek, clean style that appears aimed at competing against luxurious grand touring sports cars like those from Aston Martin.It is powered by a 612 hp twin-turbocharged V8 that’s good for 0-62 mph acceleration in 3.4 seconds and a top speed over 199 mph.