Category: Newswire

‘Curbing car imports won’t kill competition’

Assemblers of 660-1,000cc cars are lucky in the sense that the market is now getting wide open for them to take advantage of shrinking used car imports.Iconic Suzuki Mehran (800cc) continued to sail smoothly in the presence of imported 660cc used cars like Daihatsu Mira, Daihatsu Move, Nissan Dayz, Nissan Moco, Suzuki Alto, Suzuki Hustler and commercial picks of Daihatsu, Suzuki and Nissan.Some analysts fear that controlling used car imports will strengthen the monopoly of local assemblers that jack up prices multiple times every year citing the exchange rate movement.

Fiat Chrysler CEO: We’ll talk alliances, but we can go it alone

Fiat Chrysler Automobiles Chief Executive has a message for Renault SA and other would-be partners: We are happy to talk, but we can go it alone.The Wall Street Journal reported on Friday that Renault and Nissan are trying again to reshape their alliance and resolve disagreements that helped to derail the merger talks with Fiat Chrysler.Mr Manley has set a goal of 3 per cent operating margins, well short of the 10 per cent margins the company forecast for North America.

Serial production of Russia’s first Zetta electric car can start in 2019

MOSCOW, August 2. /TASS/. Serial production of Russia’s first Zetta electric car can start by 2019 year-end if the company completes certification this fall, Minister of Industry and Trade Denis Manturov said on Friday in an interview with Auto Mail.ru web portal.
“The project of Zetta economy class four-wheel drive electric car of domestic design and assembly is worked out at present with proactive support of the Russian Ministry of Industry and Trade. The company plans to complete certification as early as this fall; in such case it will be possible to speak of starting serial production by the year-end,” Manturov said.
The car is unique owing to the all-purpose energy efficient traction motor, the Minister noted. “The Russian gearbox-free platform underlies this ecofriendly car,” Manturov said.
Zetta is the first Russian electric car that will be serially produced in Togliatti.