Category: News Type

Mahindra’s Auto Sector Sells 39,200 vehicles during December 2017, registers a growth of 8%

Mahindra’s Auto Sector Sells 39,200 vehicles during December 2017, registers a growth of 8% MHCV segment grows by 151% at 1,193 vehicles during December 2017 Mumbai, January 1, 2018: Mahindra & Mahindra Ltd. (M&M Ltd.) today announced its auto sales performance for December 2017 which stood at 39,200 vehicles, compared to 36,464 vehicles during December… Continue reading Mahindra’s Auto Sector Sells 39,200 vehicles during December 2017, registers a growth of 8%

SsangYong Motor Global Sales Record 143,685 vehicles in 2017

SsangYong Motor Global Sales Record 143,685 vehicles in 2017 Company sells 143,685 vehicles globally in 2017, down 7.8percent over 2016 Its domestic sales set a record high in 14 years since 2003, maintaining sales growth for 8 consecutive years G4 Rexton and Tivoli brand secure No.1 spot in large SUV and compact SUV market respectively… Continue reading SsangYong Motor Global Sales Record 143,685 vehicles in 2017

News Release – Magna Collaborates with New Chinese Automaker NIO on Vehicle Launch

• Magna is uniquely qualified to support startups under China’s environmental plan• Supplying ES8 with aluminum body, chassis and the gearboxes for the electric drive system • Combines expertise in powertrains, body and structure, and lightweight materials Click here for the PDF version of the release. SHANGHAI, China, December 18, 2017 — As China’s environmental plan… Continue reading News Release – Magna Collaborates with New Chinese Automaker NIO on Vehicle Launch

BYTON electric intelligent SUV makes global debut at CES

LAS VEGAS, Jan. 7, 2018 /PRNewswire/ — BYTON today debuted its first drivable concept car at the International Consumer Electronics Show (CES) in Las Vegas, U.S.A. With a unique digital design and innovative human-vehicle interaction, the premium SUV functions as a new generation smart device, built for the coming era of truly shared, smart mobility and… Continue reading BYTON electric intelligent SUV makes global debut at CES

Asset finance market reports further growth in May

6 July 2018
New figures released today by the Finance & Leasing Association (FLA) show that asset finance new business (primarily leasing and hire purchase) grew by 10% in May, compared with the same month in 2017.
New finance for plant and machinery grew in May by 4% compared with the same month in 2017, while the commercial vehicle finance sector reported new business up by 13% over the same period.
Geraldine Kilkelly, Head of Research and Chief Economist, said:
“The asset finance market continued to improve in May after a relatively quiet first quarter. The industry provided further support to the construction, manufacturing and agricultural sectors, with new finance for equipment in these sectors up by 6%, 11% and 22% respectively, compared with May 2017.”
May 2018
% change on prev. year
3 months to May
2018
% change on prev. year
12 months to May
2018
% change on prev. year
Total FLA asset finance (£m)
2,921
+10
8,984
+3
31,926
+3
Total excluding high value (£m)
2,637
+4
8,421
+3
30,127
+4
Data Extracts:
By asset:
Plant and machinery finance (£m)
586
+4
1,813
+1
6,651
+7
Commercial vehicle finance (£m)
684
+13
2,182
+6
7,561
+1
IT equipment finance (£m)
174
+1
506
-8
2,336
+5
Business equipment finance (£m)
201
-13
666
+5
2,588
+4
Car finance (£m)
870
+6
2,802
+0
9,445
+2
Aircraft, ships and rolling stock finance (£m)
15
-85
63
-81
204
-72
By channel:
Direct finance (£m)
1,334
+5
4,245
+3
15,038
+1
Broker-introduced finance (£m)
526
+2
1,630
+6
5,831
+7
Sales finance (£m)
777
+5
2,546
+1
9,257
+6
By product:
Finance leasing (£m)
312
+3
1,038
+4
3,886
+6
Operating leasing (£m)
472
-14
1,663
-16
6,335
-7
Lease/Hire purchase (£m)
1,667
+13
5,113
+9
17,273
+5
Other finance (£m)
302
+9
802
-9
3,142
-9
Note to editors:
In 2017, FLA members provided £128 billion of new finance to UK businesses and households. £32 billion of finance was provided to businesses and the public sector. FLA members financed a third of UK investment in machinery, equipment and purchased software in the UK in 2017.For media enquiries, please contact the FLA press office on 020 7420 9656.

China’s Didi Rumored To Buy Failed Bike Sharing Firm Bluegogo As Didi-Ofo Relations Worsen

China’s largest ride sharing firm Didi Chuxing has reportedly acquired collapsed bike sharing firm Bluegogo and is incubating an internal bike sharing brand, as Didi’s relationship with Chinese bike sharing leader ofo worsens. The Didi-ofo alliance appears on the verge of collapsing, Chinese media reported citing insiders with knowledge of the situation. Didi, which reportedly… Continue reading China’s Didi Rumored To Buy Failed Bike Sharing Firm Bluegogo As Didi-Ofo Relations Worsen

Aptiv and Lyft to Bring Self-Driving Rides to Las Vegas in January 2018

SAN FRANCISCO, Jan. 2, 2018 /PRNewswire/ — Aptiv (NYSE: APTV), a global technology company that provides leading automated driving solutions, and ride-hailing leader Lyft, today announced a partnership to demonstrate a first-of-its-kind fully automated point-to-point ride-hailing experience during the Consumer Electronics Show (CES) 2018 in Las Vegas. “This partnership represents a real-life application of scalable, automated… Continue reading Aptiv and Lyft to Bring Self-Driving Rides to Las Vegas in January 2018

New Griffith wows the crowds at the NEC Birmingham

Back again at the NEC for the Autosport 2018 show, the new Griffith was exhibited on the Rimstock stand where it sported a flip colour scheme.

Following the showing of the new Griffith on the display of the TVR Car Club at the Classic Sports Car show in November, we were back at the NEC again in January. This time sporting a new flip colour scheme the car was shown as part of the Rimstock stand where Matt Neal of British Touring Car Championship fame also displayed his BTCC Honda.

Standing some 6ft 6 inches tall – Matt was keen to see if he'd readily fit the Griffith.

Good news – he does with ease – bring on the race edition!

Additional invitation appearances of the new Griffith are planned for the coming months details of which will be announced shortly.

Susan Krusel

Susan Krusel is vice president, Communications & Public Affairs, Ford of Europe and Middle East & Africa, a position she has held since March 2018. In this role, she is responsible for growing reputation and leading all internal and external communications initiatives in the region.  Previously, Krusel served as director, Global Corporate Communications, at the… Continue reading Susan Krusel