Vehicle sales in May soared 14.5 percent year-on-year in China as customer confidence was boosted by the country’s ability to mitigate the coronavirus pandemic.The government’s stimuli on new car sales and generous discounts at dealerships were also contributing factors.The Japanese carmaker’s other joint venture FAW-Toyota delivered over 72,000 vehicles in the same month, up 2 percent.
Category: Automotive
Ampere Electric launches new Magnus Pro at Rs 73,990, bets on premium e-scooters
Ampere Electric Vehicles, the electric mobility arm of the Mumbai-based Greaves Cotton, today launched the new Magnus Pro, the first of what are to be a number of new high-speed premium offerings. The company claims the Magnus Pro offers the best-in-class performance and comfort, a range of 75-80km per charge, and a maximum speed of 55kph.… Continue reading Ampere Electric launches new Magnus Pro at Rs 73,990, bets on premium e-scooters
Edited Transcript of WKHS.OQ earnings conference call or presentation 6-May-20 2:00pm GMT
Q1 2020 Workhorse Group Inc Earnings Call Overland Park Jun 14, 2020 (Thomson StreetEvents) — Edited Transcript of Workhorse Group Inc earnings conference call or presentation Wednesday, May 6, 2020 at 2:00:00pm GMT TEXT version of Transcript ================================================================================ Corporate Participants ================================================================================ * Duane Hughes Workhorse Group Inc. – CEO & Director * Robert Harry Willison… Continue reading Edited Transcript of WKHS.OQ earnings conference call or presentation 6-May-20 2:00pm GMT
@Hyundai: Announcement Regarding Interim Dividend
Hyundai Motor Company has decided to suspend the interim dividend for FY2020 to preemptively secure liquidity in response to worsening business environment and escalated uncertainty caused by COVID-19. Moving forward, through active risk management, we will overcome current hardship, as well as continue to put every effort to establish the foundation for sustainable future growth.… Continue reading @Hyundai: Announcement Regarding Interim Dividend
U.S. to unveil voluntary self-driving testing data-sharing effort
WASHINGTON (Reuters) – U.S. auto safety regulators will unveil on Monday a voluntary effort to collect and make available nationwide data on existing autonomous vehicle testing. U.S. states have a variety of regulations governing self-driving testing and data disclosure and there is currently no centralized listing of all automated vehicle testing. California, for example, requires… Continue reading U.S. to unveil voluntary self-driving testing data-sharing effort
BP to write off up to $17.5 bln after reduced oil price forecast
LONDON, June 15 (Reuters) – BP will incur an up to $17.5 billion writedown in the value of its assets after lowering its long-term oil and gas price outlook in expectation of an accelerated transition away from fossil fuels, the oil major said on Monday. In a statement, BP said that the aftermath of the… Continue reading BP to write off up to $17.5 bln after reduced oil price forecast
Volkswagen in Mexico will begin sending workers back to plant on Tuesday
MEXICO CITY, June 14 (Reuters) – Volkswagen AG’s Mexican unit will begin sending workers back to its plant in the central state of Puebla on Tuesday for “preparation and training eyeing a gradual start further ahead,” the company said in a statement on Sunday. Puebla, where the German automaker and its luxury brand unit Audi… Continue reading Volkswagen in Mexico will begin sending workers back to plant on Tuesday
Hyundai Motor Company Planning to Launch Vehicle to Grid Electric Vehicles
Hyundai Motor Company is planning to launch V2G (Vehicle to Grid) electric vehicles that can use electricity stored in a battery of another electric vehicle.Not only V2G system can reduce maximum amount of electricity used by buildings by supplying electricity, it can also prevent power outage and even resell electricity. Basically, a vehicle will act… Continue reading Hyundai Motor Company Planning to Launch Vehicle to Grid Electric Vehicles
@Hyundai: Hyundai and Kia Turn Up EV Efficiency with New Heat Pump Technology
Hyundai and Kia’s heat management innovation maximizes EV driving range in low temperatures EV drivers can heat the cabin without a significant impact on electric driving range Industry-leading heat pump technology originally introduced on first-generation Kia Soul EV in 2014 Kona Electric wins Norwegian Automotive Federation’s real-range validation test 9 June 2020 – Hyundai Motor… Continue reading @Hyundai: Hyundai and Kia Turn Up EV Efficiency with New Heat Pump Technology
Explosion at Honda Motor plant in central Japan injures 2
TSU, Japan (Kyodo) –An explosion at a Honda Motor plant in Mie Prefecture, central Japan, seriously injured two men on Sunday, police said. The blast occurred at around 9:15 a.m. near an electrical power distribution board at the Japanese automaker’s Suzuka factory in Suzuka city, the police said. The two men, who were nearby, sustained… Continue reading Explosion at Honda Motor plant in central Japan injures 2