Michigan Sens. Gary Peters and Debbie Stabenow, along with Ohio Democrat Sherrod Brown, are asking the Taiwanese government to help the U.S. with a chip shortage that has idled auto plants and sent workers packing throughout the industry as the global economy struggles to recover from the pandemic. Peters, D-Bloomfield Township, and Stabenow, D-Lansing, and… Continue reading Stabenow, Peters ask Taiwan to help ease semiconductor shortage
Category: US Motoring Press
First product from Volvo Buses-VECV rolls out
This is India’s first 13.5-metre 4×2 coach which offers 10% extra seating and 20% sleeper berth capacity, and around 25% more passenger luggage space. Exactly a year after VE Commercial Vehicles (VECV), a subsidiary of Eicher Motors, inked a pact to acquire the bus business of Volvo Group (VGIPL) for Rs 100 crore, the first… Continue reading First product from Volvo Buses-VECV rolls out
Chip shortage compels Toyota to slash production in September
Toyota will significantly reduce its worldwide production levels in September as a result of the semiconductor chip shortage that has scuppered manufacturing globally in several industries. According to reports, the Japanese company intends to build 540,000 vehicles next month, 40% down on its initial target of 900,000. In all, 27 of its 28 production lines… Continue reading Chip shortage compels Toyota to slash production in September
Kia India sells 200,000 Seltos and 150,000 connected SUVs in 24 months
Kia India, which celebrates two years of its India operations, has notched a new milestone. Its first model, the Seltos SUV, launched on August 22, 2019, has crossed the 200,000-units sales milestone in the domestic market. On August 5, the Korean carmaker had recorded its 300,000th sale in India, news which Autocar Professional had broken… Continue reading Kia India sells 200,000 Seltos and 150,000 connected SUVs in 24 months
Simple Energy gets over 30,000 pre-bookings in 5 days
Bangalore-based EV start-up Simple Energy has announced that it has received over 30,000 pre-bookings for its flagship e-scooter the Simple One. The e-scooter was launched on August 15, at a price tag of Rs 110,000, which excludes state subsidies. The company had started taking bookings for the e-scooter for Rs 1,947. Powering the Simple One is… Continue reading Simple Energy gets over 30,000 pre-bookings in 5 days
Maruti Ertiga best-selling UV in July but Hyundai Creta tops FY2022’s first four months
There’s plenty of action underway in the hottest vehicle segment in India, one which is seeing a flurry of new product launches, stiff competition and plenty of tech-driven creature comforts, all with a view to draw the value-conscious buyer. Here’s a quick look at the Top 5 UVs in July and also the Top 10… Continue reading Maruti Ertiga best-selling UV in July but Hyundai Creta tops FY2022’s first four months
Michigan-based classic car insurer Hagerty announces merger: What it means
Acquiring the Concours d’Elegance of America and planning its move to the Detroit Institute of Arts next year offers a window into the motivations for crafting a deal to take Michigan-based Hagerty public. As McKeel Hagerty, the company’s CEO, put it, expect to see “more great car stuff coming.” Hagerty, which is headquartered in Traverse City… Continue reading Michigan-based classic car insurer Hagerty announces merger: What it means
Nikola Founder Trevor Milton Charged With Securities Fraud
In a warning shot to a thriving corner of Wall Street, federal authorities on Thursday filed criminal and civil securities fraud charges against the founder of Nikola — a start-up automaker that went public by merging with an investment firm last year. An indictment by the U.S. attorney’s office in Manhattan charged the founder, Trevor… Continue reading Nikola Founder Trevor Milton Charged With Securities Fraud
General Motors Recalls Chevrolet Bolts Over Battery Fire Hazard
General Motors is recalling nearly 51,000 Chevrolet electric cars in the United States whose battery modules have been found to be at risk of catching fire. The recall covers Chevrolet Bolts from the 2017 to 2019 model years and comes after an earlier recall to add software designed to prevent the cars’ batteries from overheating.… Continue reading General Motors Recalls Chevrolet Bolts Over Battery Fire Hazard
The Car Market ‘Is Insane’: Dealers Can’t Keep Up With Demand
Some customers have balked at paying top dollar for new cars and have opted to make do with older vehicles. That has increased demand for parts and service, one of the most profitable businesses for car dealers. Many dealers have extended repair-shop hours. Mr. Ricart said he had some repair technicians putting in 10- or… Continue reading The Car Market ‘Is Insane’: Dealers Can’t Keep Up With Demand