Category: Newswire

Automakers scale back production

Auto assemblers have decided to slow down their production in the current month amid backlog of unsold stocks, slowdown in new booking and on spot sales, substantial hike in vehicle prices and new budgetary measures.Honda Atlas Cars Ltd (HACL) has decided to cease production of vehicles from July 12-21.The government has further dented the auto industry with additional taxes and duties in Budget 2019-20 such as five per cent additional customs duty on imported parts coupled with new rates of FED.

Israeli startup reinvents the wheel, by using it to contain car’s key components

Israeli startup REE has unveiled a “revolutionary” new design and look for electric vehicles, in which all of the classic components of the car — the motor, the steering system, the brakes and the suspension — are moved from under the hood into the wheels.REE’s approach, which will be officially presented on Wednesday at the TechCrunch Mobility event in San Jose, California, strategically places the motor, steering, suspension, drivetrain, sensors, brakes, thermal systems and electronics into the wheels.This allows manufacturers to use the same platform, or car framework, for different types of vehicle bodies.

Carmaker JAC Fined $25 Million for Cheating Emissions Tests

The 170 million yuan fine will be included in JAC’s 2019 financial report, putting further pressure on its balance sheet for the year.The China Passenger Car Association, another government-backed association, predicted passenger car sales will fall around 1%.In a similar case in 2016, Chongqing-based Chang’an Automobile (Group) Co. Ltd. was fined 3.78 million yuan after some of its vehicles were found to be pumping out excess pollution.