Two automobiles made by Romanian car maker Dacia, owned by Renault, were amongst Europe’s best selling cars in August.
Maruti Suzuki India is leaving no stone unturned to make sure that it sells the maximum number of vehicles during this festive season.
Volvo Cars and China’s Geely plan to merge their engine operations into a standalone company, a step the Swedish automaker says will cut costs as it shifts to a fully-electrified lineup.
Geely in August reported a 40% drop in net profit, citing a sharp slowdown in demand for cars, while Volvo has rejigged its global production plans in an effort to reduce the impact of tariffs.
South Korea’s auto industry, a key driver of the nation’s economic growth, is likely to go through throes of change as carmakers’ restructuring plans are gaining market support.
Maruti Suzuki India launched S-Presso on September 30.
…China in recent years, global sales of EVs are expected to rise by between 2.4m and 2.9m this year. The oil majors, led by BP and Shell, have bought into charging technology in anticipation of the…
Hyundai Motor Co. launched India’s first electric SUV this summer with a quirky TV commercial urging millennials to “Drive Into the Future”.
… automotive companies during the US proxy season, according to data from non-profit group Majority Action. BlackRock and the $1.5bn fund unit of Goldman Sachs voted for one resolution. Lobbying disclosure…
…quarters to a six-year low of 5 per cent, while the unemployment rate hit a 45-year high of 6.1 per cent, with every likelihood of rising if the recent big lay-offs in the car industry are any guide. Yet…