Car sales in Pakistan increased 18% to 78,910 units during the first six months of the current fiscal year.
Barring heavy commercial vehicles (HCVs), the entire auto sector gave a brisk performance during the first half of current fiscal year (1HFY21) on account of low interest rates and better farm incomes.
Baidu is partnering with Geely to make smart electric cars, a milestone for the carmaker’s efforts to sell its vehicle technology to third parties, reported the Financial Times.
LG Electronics Inc. is “well positioned” to become one of the industry’s leaders in the area of electric and connected vehicles with its agreement to set up a joint venture with Canadian auto parts maker Magna International Inc..
“the sustained unfavourable economic environment and the additional burden of the pandemic made it clear that much more was necessary to create a sustainable and profitable future.”
Autoliv Inc., a fortune 500 company headquartered in Sweden, is setting up its manufacturing plant in Tamil Nadu at an investment of ₹100 crore.
Apple Inc. and Hyundai Motor are planning to sign a partnership agreement working on autonomous electric vehicles by March this year.
Being the latest to suffer from a lack of chips as demand for cars bounces back from the coronavirus pandemic.
Wendy Marcus was midway through a recent meeting with senior leaders at Newell Brands Inc. when word came that she needed to leave immediately.
The world’s largest auto market showed mixed results last year due to the effects of the COVID-19 pandemic.