HONG KONG/BEIJING (Reuters) – Volvo owner Geely is set to take over an automaker battered by a prolonged sales decline exacerbated by the impact of the novel coronavirus, said three people with knowledge of the matter, in an indication of how the pandemic is stoking consolidation. FILE PHOTO: A building of the Geely Auto Research… Continue reading China’s Geely to take over debt-laden automaker Lifan as virus stokes shake-up – sources – Reuters UK
Category: Automotive
@VW Group: ŠKODA KAROQ, KODIAQ and SUPERB begin 2021 model year with new infotainment generation
With the exception of the entry-level Swing radio featuring a 6.5-inch touchscreen, all infotainment systems available for the ŠKODA KAROQ, KODIAQ and SUPERB will be based on the third-generation modular infotainment matrix as of the 2021 model year. The built-in SIM card ensures a permanent Internet connection, which also enables Infotainment Online services to be used.… Continue reading @VW Group: ŠKODA KAROQ, KODIAQ and SUPERB begin 2021 model year with new infotainment generation
@VW Group: A bestseller gets even better: Audi unveils a new look for the Q5
The exterior design: Audi Q design language now even more distinctive The strong Q identity characterizes the exterior of the Audi Q5 with its expression of power, robustness and safety. In executing the exterior update, Audi designers further emphasized this look and feel with a series of distinctive details. The octagonal Singleframe is now shallower… Continue reading @VW Group: A bestseller gets even better: Audi unveils a new look for the Q5
@Toyota: Toyota Releases Sales, Production, and Export Results for May 2020
TOKYO, June 29, 2020 – (JCN Newswire) – Toyota Motor Corporation (TMC) announces its sales, production, and export results for May 2020 as well as the cumulative total from January to May 2020, including those for subsidiaries Daihatsu Motor Co., Ltd., and Hino Motors, Ltd. The main points are as below: May 2020 Sales Results… Continue reading @Toyota: Toyota Releases Sales, Production, and Export Results for May 2020
@Toyota: Toyota Motor North America Opens New Parts Distribution Center in Phoenix
Creates 61 New Jobs for Valley Residents PHOENIX (June 29, 2020) – Toyota Motor North America (TMNA) announced that it has officially opened a new parts distribution center (PDC) in Phoenix, Arizona. The new Phoenix PDC will employ up to 61 employees in a 136,000 square foot facility. The $10 million distribution center will house… Continue reading @Toyota: Toyota Motor North America Opens New Parts Distribution Center in Phoenix
@Toyota: TMC Announces Results for May 2020
To view more information on the sales, production, and export results by country and region, including specific details on the reasons for any changes in results, data from the past 10 years of sales, production, and export results, and data concerning electrified vehicle sales and Lexus sales, please download the document titled “Detailed data” from… Continue reading @Toyota: TMC Announces Results for May 2020
@Toyota: SPARX Group Establishes Space Frontier Fund
TOKYO―June 29, 2020―SPARX Innovation for the Future Co., Ltd. (SIF)―a subsidiary of SPARX Group Co., Ltd. (SPARX; TSE1: 8739)―today announced that it established the Space Frontier Fund. The Fund primarily aims to support human resources and technology development in space-related industries, to foster Japanese space companies that are competitive on the world stage, and to… Continue reading @Toyota: SPARX Group Establishes Space Frontier Fund
@FCA: Statement: Non-saleable Part Lookup Tool
June 29, 2020 , Auburn Hills, Mich. – FCA strongly supports this initiative. Every auto-industry constituent is a stakeholder in the safety-critical Takata recall. Successful recall campaigns require close coordination and parts recyclers are in a unique position to help protect the customers we all share. “We are making progress,” says Mark Chernoby, FCA’s Chief Technical… Continue reading @FCA: Statement: Non-saleable Part Lookup Tool
U.S. appeals court stays order requiring GM, FCA meet to resolve GM lawsuit
FILE PHOTO: The GM logo is pictured at the General Motors Assembly Plant in Ramos Arizpe, state of Coahuila, Mexico October 7, 2019. REUTERS/Daniel Becerril DETROIT (Reuters) – A U.S. appeals court on Monday stayed a lower court’s order requiring officials from General Motors Co (GM.N) and Fiat Chrysler Automobiles (FCHA.MI)(FCAU.N) to resolve GM’s racketeering… Continue reading U.S. appeals court stays order requiring GM, FCA meet to resolve GM lawsuit
Bharat Forge writes off its investment in e-truck maker Tevva Motors
Bharat Forge has provided Rs 89 crore towards impairment of its investment in Tevva Motors (Jersey) Ltd, the company said in a regulatory filing today. In June 2018, Bharat Forge had taken a strategic stake in the UK-based Tevva Motors, a provider of electric powertrain solutions for commercial vehicles for 10 million pounds (about Rs… Continue reading Bharat Forge writes off its investment in e-truck maker Tevva Motors