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In India, a diminished Nissan bets big on a small SUV

作者:admin 2020-08-01

By any measure, Nissan Motor Co Ltd has had a dreadful run in India. A push to revive its lower-end Datsun brand flopped, sales have slumped 60% over the past five years and its sole plant in the country is operating way below capacity.But the amoun 阅读全文

Carmakers borrow industry-leading $132 billion to weather Covid-19

作者:admin 2020-08-01

The automotive industry has borrowed $132 billion since March as the spread of the coronavirus curbed demand for cars and closed factories. The sector is the largest user of funds put in place to ease the impact of the pandemic.The amount consists o 阅读全文

Skoda's first-half deliveries fall 31%, sees steady markets ahead

作者:admin 2020-08-01

Skoda Auto sees signs of recovery after first-half deliveries crashed 31% amid coronavirus lockdown measures, the Czech carmaker owned by Volkswagen said on Friday.The company, a bellwether for the Czech economy which contracted by a record 10.7% ye 阅读全文

While automotive universe deals with Covid-19 crisis, classic sales are thriving

作者:admin 2020-08-01

In an automotive universe completely reconfigured after the Covid-19 pandemic shutdowns stalled production lines and hit new-car sales with declines of 20% and more, here’s one area the coronavirus pandemic hasn’t hurt: the values of, and marke 阅读全文

Mazda Motor braces for record annual operating loss as car sales slump

作者:admin 2020-08-01

Mazda Motor Corp forecast a record annual operating loss on Friday as the Japanese automaker continues to be pummelled by falling vehicle sales due to the Covid-19 pandemic.Japan's No. 5 automaker anticipates a 40 billion yen ($383.5 million) loss f 阅读全文

Fiat Chrysler's American resilience limits loss to $1.1 billion

作者:admin 2020-08-01

Fiat Chrysler Automobiles NV’s North American operations stayed in the black last quarter thanks to resilient US auto demand, shoring up results that were otherwise decimated by the coronavirus pandemic.The 928 million-euro ($1.1 billion) adjusted l 阅读全文

This state will fine up to ₹10,000 for using phone while driving

作者:admin 2020-08-01

The use of mobile phones while driving in Uttar Pradesh will now invite a penalty of ₹1,000 for the first offence and ₹10,000 for the second such offence, said a notification issued by the UP State Transport Department.The decision to impose such 阅读全文

Ampere Vehicles partners OTO Capital for affordable financing solutions

作者:admin 2020-08-01

Electric vehicle maker Ampere Vehicles on Friday said it has partnered with OTO Capital, a startup in automotive purchase financing, to offer vehicle leasing plan for buyers.The leasing option will be available from August 1, 2020 exclusively in Ban 阅读全文

Honda office staff join the assembly line amid worker shortage

作者:admin 2020-08-01

Honda Motor Co. is temporarily asking some US office employees to work on the assembly line due to a coronavirus-related staff shortage.The Japanese automaker has been requiring workers who test positive for Covid-19 and those who work close to them 阅读全文

Tesla extends quarterly profit streak, opens path to S&P 500

作者:admin 2020-07-24

Tesla Inc. posted a fourth consecutive quarterly profit, a milestone that could pave the way for the electric car-maker to join the ranks of the blue-chip S&P 500 Index.The results validate the unconventional efforts that Elon Musk, Tesla’s chie 阅读全文