Hyundai Nishat Motors Private Ltd (HNMPL) will start local assembly of Porter H100 pickup with 20 per cent indigenisation from January next year, the company announced on Tuesday.HNMPL – a joint venture company between Nishat Group, Sojitz Corporation (Japan) and Millat Tractors Limited – is partnering with Hyundai Motor Company (Korea) to become a leading manufacturer, marketer and distributor of automobiles in the country.Talking about the uncertain rupee-dollar parity, he recalled that it has changed the project feasibility.
Category: Newswire
Renault to start search for new CEO – Le Figaro
PARIS, Oct 8 (Reuters) – The chairman of the French carmaker Renault will propose to its board of directors to find a successor to current Chief Executive Thierry Bollore, business daily Le Figaro reported on Tuesday, citing sources.
According to the report, the succession proposal could be on the agenda of the next board meeting on Oct. 18.
Renault did not immediately respond to requests for comment.
The French state owns a 15 percent stake in Renault. A spokesman for the finance ministry declined to comment.
Nissan Motor Co on Tuesday named a new chief executive known for close ties to Renault, its top shareholder in a bid to turn a page after a management scandal involving Carlos Ghosn.
Nio, the Tesla of China, surges after reporting strong vehicle deliveries for Q3
Nio, known as the Tesla of China, is gaining after reporting solid vehicle delivery numbers for the third quarter.In September, the company delivered 2,019 vehicles.Nio has been struggling amidst declining electric vehicle sales in China.
Nissan names executive Uchida as next CEO, Gupta as COO
TOKYO/PARIS, Oct 8 (Reuters) – The board of Nissan Motor Co has picked Senior Vice President Makoto Uchida as its next chief executive and Ashwani Gupta as its chief operating officer, two sources said on Tuesday, following a board meeting of the scandal-hit automaker.
Directors at Nissan, including those from top shareholder Renault SA, voted unanimously in favour of the two executives, one of the sources said. Both of the sources spoke on condition of anonymity.
No one was immediately available for comment at Nissan. The automaker was due to hold a news conference at 1130 GMT.
The decision, earlier reported by the Nikkei newspaper, comes after months of turmoil at Japan's second-largest automaker following the downfall of former Chairman Carlos Ghosn last year and the departure of former CEO Hiroto Saikawa last month.
Ghosn is awaiting trial in Tokyo on financial misconduct charges that he denies.
Saikawa was forced to step down after he admitted to being improperly overpaid.
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GM furloughs mount to 60,000 after Mexican shutdown
…profit pick-up & SUV plants with [greater than] 100% utilisation,” he wrote in a note earlier this month. GM made about 2.95m vehicles in the US last year. Last week, car sales data for Detroit’s big…
Talks between UAW and GM take ‘turn for the worse’: union official
GENERAL Motors and the striking United Auto Workers (UAW) hit a roadblock in contract talks on Sunday over the question of moving production from Mexico to plants in the United States.GM has three vehicle-assembly plants in Mexico that make SUVs and pickup trucks sold under the Chevrolet and GMC brands.At the same time, GM has closed a car plant in Lordstown, Ohio, and engine and transmission plants in Baltimore and in Warren, Michigan.
Teslas will soon make fart and animal sounds, Musk tweets
Teslas don’t emit any gaseous fumes, but they may soon sound like they do.Since they’re so quiet, new government regulations will require next year that electric cars broadcast an external sound at speeds under 20 mph to warn pedestrians, especially those with limited vision.Some full electrics and hybrids already do this voluntarily, but Tesla only recently added the feature to its Model 3.
Abu Dhabi to try out automated driving tests
Cars fitted with almost a dozen cameras will test the skills of learner drivers under a new smart driving test in Abu Dhabi.In Dubai, the Roads and Transport Authority unveiled a similar version of the driver testing system at Gitex, one of the region’s largest technology events.A new application for booking limousines and Tesla vehicles through Apple and Google stores was also announced by the authority on the opening day of the week-long Gitex event at Dubai World Trade Centre.
Dacia Duster now Europe’s second best selling car
Two automobiles made by Romanian car maker Dacia, owned by Renault, were amongst Europe’s best selling cars in August.A global supplier of automotive business intelligence, Dacia sold 19,451 units of its Duster model, an SUV.Dacia’s cheapest model, the Sandero, saw sales of 17,764, and was the fourth best-selling car in Europe, behind Volkswagen’s T-Roc.
Neuron EV Releases Teaser for Second Annual CIIE Exhibition
IRVINE, Calif., Oct. 7, 2019 /PRNewswire/ — Visionary automotive company Neuron EV has announced that two new products will make their groundbreaking debut this November at the Second Annual International Import Expo in Shanghai, China. Neuron EV Releases Teaser for Second Annual CIIE Exhibition. Copyright © 2019 Neuron EV. All rights reserved. Neuron EV Releases… Continue reading Neuron EV Releases Teaser for Second Annual CIIE Exhibition