Category: Newswire

Honda Cars India launches car leasing services in association with Orix

The leasing options are available for vehicles like Honda CR-V, Honda Civic and Honda City.The lease plan will offer benefits like comprehensive insurance plans, maintenance packages, tax management and curated rentals according to the requirement.Honda Cars India reported a 51.3 per cent decline in monthly domestic sales to 8,291 units in August 2019.

German automotive supplier Continental announces CO2-neutral production by 2040

BERLIN, Sept. 10 (Xinhua) — Continental is planning to be CO2-neutral “in all of its production processes” by 2040, Elmar Degenhardt, chief executive officer (CEO) of the second largest automotive supplier in Germany, announced at the international motor show IAA in Frankfurt on Tuesday.
In addition, Degenhart was optimistic that the automotive industry would be able to achieve CO2-neutrality “across the entire supply chain” by 2050.
The automotive industry would need to be CO2-neutral by 2050 “at the latest”, which would be “feasible if business and politics tackle it together”, noted Degenhart.
At the IAA, one of the largest automotive trade fairs in the world, Degenhart urged the German government to relieve the tax burden on Germany's automotive industry since “lower taxes and costs allow for higher investments and thus more innovations”.
In order to achieve carbon neutrality, Continental is aiming “in a first step” to solely use electricity from renewable energy sources in a..

Geely to take stake in flying taxi JV

Zhejiang Geely Holding Group will invest in German flying taxi company Volocopter, and set up a joint venture with the startup to launch air taxis in China, the company said on Monday.Since its foundation in 2011, Volocopter has built three generations of Volocopter aircraft, two of which received licenses for manned and unmanned flight with a total funding of 35 million euros.After the Series C funding round, Geely will become a minority investor in Volocopter, next to existing strategic investors like Daimler AG. More sourcesGeely to take stake in flying taxi JV (China Daily (Europe): Sep 10, 2019 at 12:00 AM)