US Motoring Press – Page 2334 – I wish I had more to offer

Amid slowdown fears, dealers face Rs 1,500 crore of unpaid premiums

With domestic auto sales in the slow lane, auto dealers are facing multiple challenges of rising interest costs due to climbing inventories, and a change in IRDAI norms from April 1, 2023, which is further expected to slim down existing commission structures, putting greater pressure on their bottom lines. This is even as dealer payouts… Continue reading Amid slowdown fears, dealers face Rs 1,500 crore of unpaid premiums

Honda recalling 1.3 million vehicles globally due to rear camera issue: Report

Honda Motor is carrying out a global recall of 1.3 million vehicles globally, on the back of a potential issue with the rear camera, the U.S. National Highway Traffic Safety Administration (NHTSA) stated. The recall covers 2018-2023 Odyssey, 2019-2022 Pilot, and 2019-2023 Passport vehicles, Reuters reported. Due to a faulty communication coaxial cable connector, the rearview… Continue reading Honda recalling 1.3 million vehicles globally due to rear camera issue: Report

Aston Martin joins forces with Lucid Group to make EVs

Aston Martin has signed a new supply agreement with world-leading electric vehicle technologies company, Lucid Group, which will help propel Aston Martin’s high-performance electrification strategy and its long-term growth. The proposed agreement announced this morning would see Lucid, a world-leader in the design and manufacture of advanced electric powertrains and battery systems, supply Aston Martin… Continue reading Aston Martin joins forces with Lucid Group to make EVs

Aston Martin joins forces with Lucid Group to make EVs

Atlas Copco wins Red Dot Design Award for flexible nutrunner used in EV assembly

Atlas Copco has been awarded a Red Dot Design Award for the design of a handheld nutrunner, the ITB-P Tensor Battery Smart Pistol Tool. The tool is used in the assembly of electric vehicles and aircraft. Red Dot Award-winning products need to be aesthetically appealing, functional, smart or innovative and display outstanding design. In the motivation,… Continue reading Atlas Copco wins Red Dot Design Award for flexible nutrunner used in EV assembly

First branded retail outlet for Vredestein opened in India

Apollo Tyres has inaugurated the first branded retail outlet for Vredestein brand of tyres in India. India’s one of the most premium tyre counters, Madhus Tyre Centre, Hosur Main Road, Bengaluru, in the southern part of the country, has been chosen as the first exclusive outlet for Vredestein brand of tyres. The outlet was inaugurated… Continue reading First branded retail outlet for Vredestein opened in India

First branded retail outlet for Vredestein opened in India

New 2023 Toyota C-HR reinvented with PHEV option

Toyota has unveiled the second-generation C-HR as a sharply styled crossover with the aim of drawing new customers to the brand, aided by the availability of a plug-in hybrid powertrain for the first time. The production car has adopted the radical looks of the C-HR Prologue concept, which was shown late last year. It is… Continue reading New 2023 Toyota C-HR reinvented with PHEV option

Editor’s letter: ‘We’ll always need dealers,’ says Lamborghini CEO

Lovely as it is, Hatfield might not seem somewhere with a big enough pull to require a visit from Lamborghini’s top executive team. Yet the Hertfordshire town is now home to Lamborghini’s 11th and largest UK dealership, and the new HR Owen franchise opened its doors at an event attended by more than 200 UK… Continue reading Editor’s letter: ‘We’ll always need dealers,’ says Lamborghini CEO