Category: Newswire

Kia Seltos mass production begins at Anantapur manufacturing facility

Kia Motors has started the mass production of Seltos at its manufacturing facility in Anantapur, Andhra Pradesh.Kia Seltos will be available with three BS-VI compliant engine options — 1.4-litre Turbo GDI petrol (140 PS and 242 Nm), 1.5-litre petrol (115 PS and 144 Nm) and 1.5-litre VGT diesel (115 PS and 250 Nm).The dual-tone options will include Intense Red with Aurora Black Pearl, Steel Silver with Aurora Black Pearl, Glacier White Pearl with Aurora Black Pearl, Steel Silver with punchy Orange and Glacier White Pearl with Punchy Orange.

Romanian electric car sharing service eGO becomes available to all bank card holders

EGO, the first car sharing service in Romania with an exclusively electric fleet, is available starting this month for all bank card holders, regardless of the issuing bank.Launched at the end of 2017 in partnership with BCR, eGO is a 100 percent Romanian brand, available in Bucharest.The service costs less than RON 1/minute for BCR customers with George cards and RON 1.3 for all other users.

Magyar Suzuki hits three-decade peak in Esztergom

Magyar Suzuki has closed the strongest month in its 27-year history in Hungary.In July 2019, a total of 3,944 new Suzuki cars were registered, making Magyar Suzuki – with its 25.8% market weight- the only player on the domestic passenger car market with a two-digit share.The third most popular Suzuki model on the Hungarian market, the Swift, saw 338 units registered in July.

China Automotive Systems Reports 2019 Second Quarter Unaudited Financial Results

WUHAN, China, Aug. 8, 2019 /PRNewswire/ — China Automotive Systems, Inc. (“CAAS” or the “Company”) (NASDAQ: CAAS), a leading power steering components and systems supplier in China, today announced its unaudited financial results for the second quarter and six months ended June 30, 2019.  Second Quarter 2019 Highlights Net sales decreased 15.9% to $105.7 million from… Continue reading China Automotive Systems Reports 2019 Second Quarter Unaudited Financial Results

Dongfeng Motor Is Said to Weigh Options for Peugeot Stake

Dongfeng Motor Corp. is exploring options for its 2.2 billion euro ($2.5 billion) stake in Peugeot owner PSA Group, including a potential divestment, people with knowledge of the matter said, as the companies grapple with a global slowdown in the auto market.PSA fell 0.3% to 19.91 euros at 2:51 p.m. in Paris trading after earlier declining as much as 3.2%.Still, the global auto market has been slowing and proceeds from a sale would give the Chinese carmaker much-needed funds to weather the worst slump in a generation.