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Ford will defer some quarterly payments on US Energy Department loan

作者:admin 2020-08-03

Ford Motor Co said on Friday it had won approval to defer some quarterly payments due on its US Energy Department retooling loan, but added it will repay the loan on time by June 2022.In September 2009, Ford was awarded a $5.9 billion low-cost gover 阅读全文

Toyota Kirloskar sales drop 48% to 5,386 units in July

作者:admin 2020-08-03

Toyota Kirloskar Motor (TKM) on Saturday reported a 48.32 per cent decline in domestic vehicle sales to 5,386 units in July compared to 10,423 units in the same month last year. The company had clocked domestic sales of 3,866 units in June. "Despite 阅读全文

Maruti returns to monthly sales of over a lakh in July; 88.2% rise over June

作者:admin 2020-08-03

Maruti Suzuki on Saturday informed it had sold a total of 108,064 units in the month of July, including one lakh units in the domestic market itself. While this may still be short of its performances in pre-Covid times, it may point to good times po 阅读全文

FCA India recalls 547 units of Jeep Compass

作者:admin 2020-08-03

Automobile maker FCA India on Saturday said it is recalling 547 units of its 'MY20 Jeep Compass' model to rectify fitment of a 'brace nut' which is used in wiper assembly as a precautionary exercise. The company said it identified "an opportunity to 阅读全文

Jaguar Land Rover's cost-cutting target swells to $3.3 billion

作者:admin 2020-08-03

Jaguar Land Rover will slash costs by more than already planned after the coronavirus pandemic battered results in the first quarter of its fiscal year.The carmaker owned by India’s Tata Motors Ltd. increased its savings target for the year to 2.5 b 阅读全文

Volkswagen's management reshuffle 80% completed: Report

作者:admin 2020-08-03

Volkswagen is not yet done reshuffling its management, group Chief Executive Herbert Diess told Frankfurter Allgemeine Zeitung (FAZ) in an interview published online on Friday."We are 80% done with our personnel decisions. Some outstanding decisions 阅读全文

MG Motor India's retail sales increase by 40% to 2,105 units in July

作者:admin 2020-08-03

MG Motor India on Saturday said its retail sales increased by 40 per cent to 2,105 units in July compared to 1,508 units in the same month of last year. "The overall market environment continues to be challenging with uncertainties due to variable l 阅读全文

Mahindra sales dip 36% at 25,678 units in July

作者:admin 2020-08-03

Mahindra & Mahindra (M&M) on Saturday reported a 36 per cent decline in total sales at 25,678 units in July. The company had sold 40,142 units in the same month last year, M&M said in a statement. In the domestic market, sales were down 阅读全文

Auto industry set to put brakes on central Europe's Covid-19 recovery

作者:admin 2020-08-03

The auto industry, long a driver of economic growth in central Europe, is likely to be one of the main drags on the region's efforts this year to recover from the impact of Covid-19.After communist rule ended in central Europe three decades ago, for 阅读全文

Suzuki Motorcycle India July sales fall 50% to 34,412 units

作者:admin 2020-08-03

Suzuki Motorcycle India Pvt Ltd on Saturday reported 50 per cent decline in total sales at 34,412 units in July amid the coronavirus pandemic.The company had sold a total of 69,236 units in the same month last year.Domestic sales were at 31,421 unit 阅读全文