Global transformation company UST has signed an agreement to acquire a majority stake in renowned automotive design and engineering firm Italdesign, marking a significant strategic partnership with the Audi Group. The transaction, will see UST—headquartered in Aliso Viejo, California—take operational control of Italdesign while Automobili Lamborghini, the current parent company and part of the Audi… Continue reading UST Acquires Majority Stake in Italdesign Through Strategic Partnership with Audi Group
Category: US Motoring Press
Maruti Fronx First Nexa SUV to Drive Past 400,000 Sales
The popular Maruti Fronx compact SUV, launched in April 2023, has surpassed cumulative wholesales of 400,000 units in the domestic market. From launch till end-November 2025, the Fronx has sold a total of 409,817 units. With this, the premium Baleno-based compact SUV becomes the first Nexa-marketed SUV to achieve this sales milestone. The last 100,000… Continue reading Maruti Fronx First Nexa SUV to Drive Past 400,000 Sales
India Aims to Become Global Construction Equipment Hub as Exports Surge
India’s construction equipment sector has been identified as a high-potential, export-oriented industry by the government, with officials highlighting the country’s growing presence in global markets and ambitious plans to expand international trade. Speaking at a session on export competitiveness organized by the Confederation of Indian Industry (CII) and the Indian Construction Equipment Manufacturers’ Association (ICEMA)… Continue reading India Aims to Become Global Construction Equipment Hub as Exports Surge
Rivian turns to AI, autonomy to woo investors as EV sales stall
Rivian CEO RJ Scaringe tours the inside of electric auto maker Rivian’s manufacturing facility in Normal, Illinois, U.S. June 21, 2024. Joel Angel Juarez | Reuters DETROIT — Rivian Automotive will let artificial intelligence take the wheel to try to convince investors that its future can be more lucrative than its past. The all-electric vehicle… Continue reading Rivian turns to AI, autonomy to woo investors as EV sales stall
Radical Skoda EV edges closer to production with Vision O prototype
The Skoda Vision O concept, unveiled at the Munich motor show earlier this year, has taken a further step towards reality with the debut of a fully functioning prototype. The electric estate remains some distance from showrooms, however, and senior Skoda executives say that any production version is at least five years away. Tipped to morph into a… Continue reading Radical Skoda EV edges closer to production with Vision O prototype
Volkswagen Introduces Voluntary Early Retirement for Indian Factory Workers: Reuters
Volkswagen Group is offering early retirement packages to all 2,300 workers at its two manufacturing facilities in India as part of a broader operational restructuring in the world’s third-largest automotive market, Reuters reported. The German automaker, which operates Volkswagen, Skoda, Audi, Porsche, Lamborghini and Bentley brands in India, currently holds just 2% market share despite… Continue reading Volkswagen Introduces Voluntary Early Retirement for Indian Factory Workers: Reuters
Kia Targets Double-Digit Growth in 2025 and 2026, With New Seltos at the Core of Its Strategy
Kia India expects to close CY2025 with double-digit growth, and it is preparing for another year of robust expansion in 2026, led primarily by the all-new Seltos, its most strategically important model for volume recovery and portfolio strengthening. “This year, we will be closing at more than 10 percent growth. We aim to continue this… Continue reading Kia Targets Double-Digit Growth in 2025 and 2026, With New Seltos at the Core of Its Strategy
Spyne Appoints Jatin Jain as Head of Technology & AI
Spyne, an AI-native automotive retail technology company, has announced the appointment of Jatin Jain as Head of Technology & AI. The appointment reinforces the company’s strategy to build an AI-first technology organization as it expands into US and international markets. Jain brings over two decades of experience in software engineering, data engineering, and AI/ML. He… Continue reading Spyne Appoints Jatin Jain as Head of Technology & AI
Kia Confirms Seltos Hybrid for India; Rollout Tied to Aggressive Localisation Push
Kia India has formally confirmed that a hybrid version of the new Seltos is part of its future powertrain roadmap. Still, the model will only enter the market once the company achieves meaningful localisation of hybrid components, ensuring the technology is priced competitively for Indian buyers. “There is a clear direction that we will introduce… Continue reading Kia Confirms Seltos Hybrid for India; Rollout Tied to Aggressive Localisation Push
Kia Sets Sights on Top-3 Slot in Mid-Size SUV Segment With New Seltos
Kia India has set its sights firmly on returning to the top three positions in the mid-size SUV segment, with the all-new Seltos positioned as the brand’s most critical model for renewed leadership. The company believes that the redesign addresses nearly every customer demand surfaced over the past five years, creating a strong platform for… Continue reading Kia Sets Sights on Top-3 Slot in Mid-Size SUV Segment With New Seltos