Category: Automotive

@BMW: BMW M GmbH still on its path of sustained growth in 2020: 144,218 vehicles delivered worldwide.000855

Munich. With yet another new sales record, the BMW M GmbH continued to grow also in the 2020 fiscal year. Despite the effects of the Corona pandemic on the market, it was possible to increase the number of BMW M automobiles sold by 6 percent to 144,218 units. Thanks to this result, the subsidiary company of… Continue reading @BMW: BMW M GmbH still on its path of sustained growth in 2020: 144,218 vehicles delivered worldwide.000855

Toyota and Honda resume production in Malaysia

BANGKOK — Toyota Motor and Honda Motor restarted their Malaysian plants on Monday, after the government reversed a policy that suspended operation of all nonessential industries as coronavirus cases surge in the country. The government changed its mind after the automobile industry and the Japan External Trade Organization lobbied for work to resume. Perodua, the national automaker backed by Japanese car… Continue reading Toyota and Honda resume production in Malaysia

Report reveals stark disparities in electrified car ownership

Electric vehicles (EVs) and hybrids are far more common in England’s richest neighbourhoods, according to a recent report. Across England as of Q3 2020, around 1 in 170 registrations were of electrified cars, but this number rose to 1 in 69 in local authorities where the average house price exceeds £500,000. In the five London… Continue reading Report reveals stark disparities in electrified car ownership

Home charger rental service launched for UK EV owners

British start-up company Co Charger has developed a platform that allows people who own electric vehicle (EV) chargers to share them with drivers who don’t. Despite a £10 million recent investment in charging by the government, there are currently only some 30,000 public chargers on UK roads. Home charging can add to this number but, according… Continue reading Home charger rental service launched for UK EV owners

Tata Motors partners banks and NBFCs to provide financing for commercial vehicles

Tata Motors, one of the largest commercial vehicle manufacturer in the country, has entered into partnerships with the country’s leading private banks, including HDFC Bank, ICICI Bank, Yes Bank, Equitas Small Finance Bank, AU Small Finance Bank, and NBFCs like: Cholamandalam Investment and Finance Co, HDB Financial Services, Sundaram Finance, and newly merged entities of… Continue reading Tata Motors partners banks and NBFCs to provide financing for commercial vehicles

German Handelsblatt: Electromobility: Audi holds the majority in the new China joint venture for e-cars001124

Audi in China The VW subsidiary has high hopes for the Chinese electric car market. (Photo: Reuters) Hamburg Audi is the first in China to take the lead in a joint venture with a Chinese partner. The Ingolstadt VW subsidiary, together with the parent company, will hold 60 percent of the shares in the joint… Continue reading German Handelsblatt: Electromobility: Audi holds the majority in the new China joint venture for e-cars001124

German Handelsblatt: PSA boss: Carlos Tavares takes over management of the transatlantic auto company Stellantis001122

Carlos Tavares For the manager only his own performance counts. (Photo: Bloomberg) Paris Since the weekend there is a new group in the top league of the auto industry: Stellantis. The artificial name stands for the merger of Peugeot SA (PSA) and Fiat-Chrysler (FCA). In terms of the number of vehicles sold, Stellantis will be… Continue reading German Handelsblatt: PSA boss: Carlos Tavares takes over management of the transatlantic auto company Stellantis001122

Motherson Group enters Turkey, acquires Plast Met Group

SamvardhanaMotherson Automotive Systems Group (SMRPBV) has today announced acquiring a majority stake in Turkey’s Plast Met Group. The Plast Met Group comprises of Plast Met Plastik Metal San. İmalatveTic.A.Ş.(PM-Bursa) and Plast Met KalıpSan.veTic.A.Ş .(PM-Istanbul). The acquisition will be completed through Samvardhana Motherson’s subsidiary, Samvardhana Motherson Reflectec (SMR). SMR will acquire 75 percent stake and will… Continue reading Motherson Group enters Turkey, acquires Plast Met Group

Analysis: UK kit car makers sales buck trend – Autocar

When the extent of the pandemic lockdown became apparent, understandably there were concerns among the kit car community about the effect it would have on the long-standing industry. Manufacturers, too, were anxious about customers cancelling orders or not making them at all. As it turns out, the kit car industry has been one of the… Continue reading Analysis: UK kit car makers sales buck trend – Autocar