The company has been focusing on expanding offerings such as branded car parts and services, and finance and insurance products to boost profitability. AutoNation Inc reported a better-than-expected quarterly profit on Tuesday, as higher demand for used vehicles helped the largest U.S. auto retail chain offset declines in new vehicle sales. The results come three… Continue reading AutoNation profit beats on higher used vehicle sales
Category: Automotive
Tata Sons stake in Tata Motors to rise to 43.73% post Rs 6,500 cr preferential issue
Tata Motors group has a net debt of Rs 50,000 crore out of which Tata Motors Ltd alone account for Rs 20,000 crore. New Delhi: Tata Sons, the promoter of major operating companies of the Tata Group, will increase its shareholding in Tata Motors to 43.73 per cent after the proposed Rs 6,500 crore preferential… Continue reading Tata Sons stake in Tata Motors to rise to 43.73% post Rs 6,500 cr preferential issue
Electrify America To Make Plug&Charge Fully Operational In 2020
With Plug&Charge, the car itself will become a kind of access card for the charging networks. Electrify America re-confirmed its intention to offer “Plug&Charge” technology in partnership with Hubject, to streamline the charging process through automation of authentication and billing. When the new system will be fully operational in 2020, drivers should be able to… Continue reading Electrify America To Make Plug&Charge Fully Operational In 2020
Introducing Lyft Pink: A Membership That Unlocks More
Lyft is committed to improving people’s lives with the world’s best transportation. We believe cities should be built for and around people, not cars — that means fundamentally changing the way people think about getting around their cities. We’re shifting from personal car ownership and moving society toward transportation as a service — and Lyft… Continue reading Introducing Lyft Pink: A Membership That Unlocks More
Press Releases – Sales of zero- and low-emission cars highly unbalanced across EU, alerts auto industry
Brussels, 29 October 2019 – Sales of alternatively-powered vehicles are following a highly uneven pattern across EU member states, according to new findings from the European Automobile Manufacturers’ Association (ACEA). Indeed, the consumer uptake of battery electric, plug-in hybrid and hybrid electric passenger cars, as well as those fuelled by natural gas or hydrogen, differs… Continue reading Press Releases – Sales of zero- and low-emission cars highly unbalanced across EU, alerts auto industry
Ford Motor Company Issues Three Safety Recalls in North America
DEARBORN, Mich., Oct. 29, 2019 – Ford Motor Company is issuing three safety recalls in North America. Safety recall for select 2015-17 Ford Transit vehicles for driveshaft flexible coupling issue Ford Motor Company is issuing a safety recall for select 2015-17 Ford Transit vehicles. In affected vehicles, the driveshaft flexible coupling may crack with increasing… Continue reading Ford Motor Company Issues Three Safety Recalls in North America
Hyundai Mobis increases the 5G connected car development synergies
Hyundai Mobis and KT to share the results of technology development and discuss future collaboration at the Seosan Proving Ground Completed the first development project, e.g. update of the map and C-V2X six months after the start of full-scale development in January Planning to build the autonomous driving remote monitoring system using the 5G communication… Continue reading Hyundai Mobis increases the 5G connected car development synergies
Daimler Mobility launches first series-produced leasing product for trucks in the USA with usage-based rate
29.
October 2019
Stuttgart/Atlanta
Daimler Truck Financial launches “pay-as-you-drive” leasing solution for Freightliner Trucks in the USA Personalized financing: leasing instalments are based on actual kilometers covered Telematics-based products such as Dynamic Lease offer truck operators significant advantages through greater flexibility and transparency in fleet management. Stuttgart/Atlanta – The industry's first “pay-as-you-drive” leasing financing will be used for trucks in the USA from 2020. As part of the NACV (North American Commercial Vehicle Show), Daimler Truck Financial, part of the business field of Daimler Mobility, presents the telematics-based financing option “Dynamic Lease” for the first time. Dynamic Lease enables customers to adjust the leasing rates to the actual use of the vehicle. The first vehicle to be launched with this technology in the first quarter of 2020 will be the market-leading heavy-duty truck Freightliner Cascadia.
Franz Reiner, CEO o..
The new ŠKODA OCTAVIA: the brand’s icon makes great strides in terms of technology and design
ŠKODA AUTO CEO, Bernhard Maier, said, “For ŠKODA, the OCTAVIA is of immense importance. That’s why we’ve totally renewed this car. The outcome is the best OCTAVIA of all time: it is even more spacious, more practical and safer than ever. Just in time for its 60th anniversary, we are taking a big step into the future with… Continue reading The new ŠKODA OCTAVIA: the brand’s icon makes great strides in terms of technology and design
Passat might soon be made in Bratislava
Volkswagen might start producing its Passat model.The supervisory board of Volkswagen is expected to meet this week to decide on whether they will work on the planned construction of the plant in Turkey.Lower Saxony owns a 20 percent share in Volkswagen and it has a great impact on the carmaker’s decision-making.