Renault and Nissan automobile logos are pictured during the Brussels Motor Show on January 9, 2020 in Brussels. (Photo by KENZO TRIBOUILLARD/AFP via Getty Images) Kenzo Tribouillard | Afp | Getty Images Automobile giants Renault and Nissan on Monday agreed to restructure their decades-long alliance, in a move that would see Renault’s shareholdings in Nissan… Continue reading Renault slashes Nissan stake as the automakers overhaul their decades-long alliance
Category: US Motoring Press
Toyota thrusts new CEO into position of pitching worth-the-wait EVs
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GM launches production of Hummer EV SUV
General Motors Co. began production of the 2024 GMC Hummer EV SUV on Monday and customers will start to receive deliveries at the end of the first quarter, the brand said. The Hummer SUV will be built alongside the pickup version at GM’s Factory Zero Detroit-Hamtramck Assembly Center. Production at the plant was halted for… Continue reading GM launches production of Hummer EV SUV
GM hires former Tesla leader for executive post
General Motors Co. has hired Zach Kirkman as vice president of corporate development and global mergers and acquisitions, GM CFO Paul Jacobson announced in a LinkedIn post Monday. Kirkman previously served as head of corporate development, mergers and acquisitions at Tesla Inc. and “brings an extensive background assessing and executing M&A, evaluating and managing minority investments,… Continue reading GM hires former Tesla leader for executive post
Nissan, Renault to make cross-shareholdings equal
Tokyo — Nissan and Renault have agreed to equalize the stakes they hold in each other, both sides said Monday, ironing out a source of conflict in the Japan-French auto alliance. Up to now, Renault Group has held a 43.4% stake in Nissan Motor Co., potentially giving it a larger say in how the Japanese… Continue reading Nissan, Renault to make cross-shareholdings equal
China’s BYD reports 2022 income boost on strong EV sales
Chinese electric-vehicle giant BYD Co. said net income reached as high as 17 billion yuan ($2.5 billion) last year, an increase of as much as 458% from 2021, according to a preliminary filing to the Shenzhen Stock Exchange on Monday. That’s much higher than predicted by analysts, who on average forecast net income of 13.2… Continue reading China’s BYD reports 2022 income boost on strong EV sales
Transporters body demand revocation of tyre import ban in upcoming budget
Alleging tyre manufacturing companies to be working under a cartel for keeping the cost of tyres high, the All India Motor Transport Congress (AIMTC) – a lobby group representing approximately 75 lakhs truckers and around 5 lakh private bus operators, has demanded the removal of the restrictions on its imports in the upcoming union budget… Continue reading Transporters body demand revocation of tyre import ban in upcoming budget
Transporters body demand revocation of tyre import ban in upcoming budget
Alleging tyre manufacturing companies to be working under a cartel for keeping the cost of tyres high, the All India Motor Transport Congress (AIMTC) – a lobby group representing approximately 75 lakhs truckers and around 5 lakh private bus operators, has demanded the removal of the restrictions on its imports in the upcoming union budget… Continue reading Transporters body demand revocation of tyre import ban in upcoming budget
Hero MotoCorp launches new Xoom, eyes higher market share in entry-level scooter market
Hero MotoCorp launches new Xoom, eyes higher market share in entry-level scooter market India’s largest two-wheeler maker Hero MotoCorp, which sold 282,169 scooters in the first nine months of FY2023 and has a 7.80% market share, is eyeing new growth opportunities in the entry-level 110cc scooter segment which forms the bulk of scooter volumes in… Continue reading Hero MotoCorp launches new Xoom, eyes higher market share in entry-level scooter market
Hero Xoom scooter launched; prices start from Rs 68,599
Hero has launched the new Xoom scooter in three variants – LX, VX and ZX – priced at Rs 68,599, Rs 71,799 and Rs 76,699, respectively. These prices are introductory and it is unclear at the moment till when they will be offered, before a price hike. Tech-laden 110cc scooterHero Xoom’s top-spec ZX variant is… Continue reading Hero Xoom scooter launched; prices start from Rs 68,599