Category: Newswire

New Russian limousine harks back to Soviet era 09.09.2019

Dubbed the Putin limo, the Aurus Senat is a Russian-built limousine in the shape of the famous ZIL sedan that once carried Soviet leaders.The global luxury car market is expected to rise from its initial estimated value of $101 billion in 2018 to $246 billion by 2026, due rising levels of disposable incomes.Sales of premium cars probably have peaked globally, threatening the business model of Germany’s luxury automakers, according to analyst Philippe Houchois, managing director of Jefferies Group.

Nissan ‘Mulls Pulling out of Korea’

Deteriorating Seoul-Tokyo relations have led to sales of Japanese automobiles here declining by half, prompting Nissan to consider pulling out of the Korean market altogether.Toyota, Honda and Nissan all have sales subsidiaries in Korea, but Nissan is suffering the brunt of a boycott of Japanese products.Some businesses are being hit hard, and the pullout would also affect Nissan’s Korean staff and dealers.

Allison Transmission Acquires Walker Die Casting

INDIANAPOLIS–(BUSINESS WIRE)–Allison Transmission Holdings Inc. (NYSE: ALSN), the largest global manufacturer of medium- and heavy-duty fully automatic transmissions, announced today that it has acquired the assets and certain liabilities of Walker Die Casting located in Lewisburg, Tennessee and C&R Tool and Engineering located in Muscle Shoals, Alabama. “We are delighted to announce the acquisitions of… Continue reading Allison Transmission Acquires Walker Die Casting

Chengdu motor show features abundance of new launches

The ongoing annual Chengdu Motor Show running from Sep 5 to 14 attracts more than 130 automakers from China and overseas to showcase their latest models and products.With a Tce 270 four-cylinder turbocharged engine, the model has a maximum output of 115 kW and a top torque of 270 Nm.The car features Ford’s latest Co-Pilot 360 intelligent driving assistance system to provide an advanced intelligent driving experience.