Category: Automotive

Purely electric vehicle platform in long term, EV based on Ford platform on anvil: M&M

When asked about overall new product pipeline, Goenka said in the recent past the company has done three launches of Marazzo, Alturas G4 and XUV 300. Mahindra & Mahindra (M&M) foresees developing electric vehicle (EV) only platforms in the long term although it will continue to leverage on its internal combustion engine vehicle platforms to… Continue reading Purely electric vehicle platform in long term, EV based on Ford platform on anvil: M&M

EU to issue formal complaints to carmakers over emissions collusion: Handelsblatt

BMW declined to comment. Volkswagen also said it was unable to comment on the audit. FRANKFURT: The European anti-trust watchdog plans to send formal complaints to BMW, Daimler and Volkswagen this spring, in which the EU regulator will make detailed allegations regarding collusion on emissions of diesel engines, Handelsblatt reported on Wednesday. In a so-called… Continue reading EU to issue formal complaints to carmakers over emissions collusion: Handelsblatt

CATL Posts Year-Over-Year Profit Drop

58 M BY GASGOO Growing battery maker reports net profit drop. In 2018, CATL gained RMB29.611 billion in gross revenues with a year-on-year leap of 48.08%, while its net profits attributable to shareholders of the listed company declined 7.71% from the previous year to RMB3.579 billion. Besides, the full-year non-recurring-excluded profits attributable to the listed… Continue reading CATL Posts Year-Over-Year Profit Drop

UPDATE 2-Hyundai may suspend production at one of its Chinese plants as slowdown bites

SEOUL (Reuters) – Hyundai Motor Co is considering plans to suspend production at its oldest plant in China, the South Korean carmaker said on Wednesday, as it reels from tumbling sales and massive overcapacity in its biggest market. FILE PHOTO: Hyundai cars are seen at a plant of Hyundai Motor Co on the outskirts of… Continue reading UPDATE 2-Hyundai may suspend production at one of its Chinese plants as slowdown bites

Hyundai may suspend production at one of its Chinese plants as slowdown bites

SEOUL (Reuters) – Hyundai Motor Co is considering plans to suspend production at its oldest plant in China, the South Korean carmaker said on Wednesday, as it reels from tumbling sales and massive overcapacity in its biggest market. FILE PHOTO: Hyundai cars are seen at a plant of Hyundai Motor Co on the outskirts of… Continue reading Hyundai may suspend production at one of its Chinese plants as slowdown bites

SALES OF CARS AND LIGHT COMMERCIAL VEHICLES IN FEBRUARY 2019

array(16) { [0]=> array(10) { [“TEXT”]=> string(4) “News” [“LINK”]=> string(9) “/en/news/” [“SELECTED”]=> bool(false) [“PERMISSION”]=> string(1) “R” [“ADDITIONAL_LINKS”]=> array(0) { } [“ITEM_TYPE”]=> string(1) “D” [“ITEM_INDEX”]=> int(0) [“PARAMS”]=> array(0) { } [“DEPTH_LEVEL”]=> int(1) [“IS_PARENT”]=> bool(false) } [1]=> array(10) { [“TEXT”]=> string(6) “Events” [“LINK”]=> string(15) “/en/aeb-events/” [“SELECTED”]=> bool(false) [“PERMISSION”]=> string(1) “R” [“ADDITIONAL_LINKS”]=> array(0) { } [“ITEM_TYPE”]=> string(1) “D”… Continue reading SALES OF CARS AND LIGHT COMMERCIAL VEHICLES IN FEBRUARY 2019

Ousted Nissan boss Ghosn leaves Japan jail after $9 million bail

TOKYO (Reuters) – Ousted Nissan boss Carlos Ghosn walked out of a Tokyo prison on a $9 million bail on Wednesday, slipping past reporters in a face mask and moving closer to mounting a defense against financial misconduct charges that he has called “meritless”. Ghosn, among the world’s most prominent auto executives whose dramatic rescue… Continue reading Ousted Nissan boss Ghosn leaves Japan jail after $9 million bail

Bugatti unveils world’s most expensive new car – snapped up for £9.5m

Automotive industry La Voiture Noire – a one-off hypercar – is shown off at the Geneva Motor Show Bugatti described La Voiture Noire as a homage to the Bugatti Type 57 SC Atlantic, of which only four were made between 1936 and 1938. Photograph: Martial Trezzini/EPA Bugatti, the French supercar manufacturer, has stepped up its… Continue reading Bugatti unveils world’s most expensive new car – snapped up for £9.5m