With the falling share of the entry car segment and slowing growth rate, Suzuki Motor Corporation – the Japanese mini car specialist, has revised its long-term sales outlook for its Indian subsidiary downwards by 15%. Presenting the new mid-term management plan “By Your Side,” Suzuki Motor Corporation has guided for a volume of 2.54 million… Continue reading Suzuki Motor Cuts India FY31 Volume Target by 15% to 2.54 Million
Category: US Motoring Press
Suzuki Motor Says Need to Rethink India Strategy Amid Falling Market Share
Japan’s Suzuki Motor Corporation said that its business environment in India has changed due to its declining market share and intensified competition in electric vehicles in the country, and that it needs to “rethink its strategy.” Reviewing the current mid-term management plan (Japanese FY2021–FY2025) — (Indian FY2022 to FY2026), the management noted that the company… Continue reading Suzuki Motor Says Need to Rethink India Strategy Amid Falling Market Share
Kia PV5 revealed: brand’s first van is radical VW ID Buzz rival
The Kia PV5 has been unveiled as the brand’s first van, conceived as a futuristic rival to the Volkswagen ID Buzz. The first in a new line of models dubbed Platform Beyond Vehicles (PBVs), it will be followed by a larger PV7 due in two years, aimed squarely at the venerable Ford Transit and Geely-owned brand… Continue reading Kia PV5 revealed: brand’s first van is radical VW ID Buzz rival
Gordon Murray Group announces new Special Vehicles arm
The Gordon Murray Group has launched a new Special Vehicles division to accommodate demand for bespoke models. The company said the new division will operate independently of Gordon Murray Automotive, with its own engineering staff. Its cars will range from limited-edition variations of the T50 and T33 supercars to one-off productions built on a new platform. It will also… Continue reading Gordon Murray Group announces new Special Vehicles arm
New Toyota fuel cells to double power and improve efficiency
Toyota is working on a third-generation hydrogen fuel cell system that’s claimed to bring double the power and 20% greater efficiency without any increase in size. For reference, the stack used in the current Toyota Mirai FCEV puts out 128kW. Toyota said the new system will be ready for launch in 2027 at the earliest. It’s primarily aimed at… Continue reading New Toyota fuel cells to double power and improve efficiency
“Nobody can argue with me:” Trump on reciprocal tariffs with India
US President Donald Trump has made it clear to PM Narendra Modi that India will not be given a free pass when it comes to reciprocal tariffs, PTI noted citing a Fox interview. In a recent interview with Fox News (19 February), he said “nobody can argue with me” on the tariff structure. The American President… Continue reading “Nobody can argue with me:” Trump on reciprocal tariffs with India
Nikola, Electric Truck Maker, Files for Bankruptcy
Nikola, an electric vehicle start-up that had once hoped to become the Tesla of heavy trucks, filed for bankruptcy protection on Wednesday. Founded in 2015, Nikola promised to develop long-haul semi trucks powered by hydrogen and electricity, and listed itself on the stock exchange in 2020 before it had sold a single vehicle. Its share… Continue reading Nikola, Electric Truck Maker, Files for Bankruptcy
Carvana expects another ‘strong’ year after topping fourth-quarter expectations
A Carvana sign and signature vending machine in Tempe, Arizona. Michael Wayland | CNBC Carvana topped Wall Street’s top- and bottom-line expectations for the fourth quarter, while guiding for another “strong” year in 2025. Carvana, as it has in the past, gave a broad guidance outlook for this year that includes growth in both retail… Continue reading Carvana expects another ‘strong’ year after topping fourth-quarter expectations
Embattled EV maker Nikola files for Chapter 11 bankruptcy protection
U.S. Nikola’s logo is pictured at an event held to present CNH’s new full-electric and Hydrogen fuel-cell battery trucks in partnership with U.S. Nikola event in Turin, Italy, on Dec. 3, 2019. Massimo Pinca | Reuters DETROIT — Nikola Corp. — an auto startup that was once a favorite of Wall Street analysts and retail… Continue reading Embattled EV maker Nikola files for Chapter 11 bankruptcy protection
Renault mulls revival of Renaultsport performance brand
The Renaultsport sub-brand could be revived, despite the Renault Group’s focus on Alpine for performance machinery, CEO Luca de Meo has said. “Officially, the Renaultsport badge we put in the fridge, and everything sporty would be building on Alpine, but it doesn’t mean that sometimes this thing wouldn’t be revived,” he told Autocar at the… Continue reading Renault mulls revival of Renaultsport performance brand