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Latest Articles in Auto

Tesla Sets 5-1 Stock Split And Its High-Flying Stock Soars Again

Tesla's stock has surged over 200% this year, while shares of General Motors and Ford Motor declined on fallout from the coronavirus pandemic.

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Passenger vehicle domestic sales dip 3.8 % in July: SIAM

Two-wheeler sales dipped by 15.24 per cent to 12.81 lakh units in July compared to 15.11 lakh units in the year-ago period.

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China Auto Sales Surge In July, Log Fourth Straight Month Of Gains

Sales rose to 2.11 million vehicles in July but are still down 12.7% for the year to date at 12.37 million vehicles

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Impact Of COVID-19 Crisis On Automation Industry

Fourtek Research appraises an Impact of 10% plunge on monetary development from COVID-19 emergency

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Hyundai Motor Shares Rise As Much As 10% On Ioniq EV Plan

Hyundai shares reached as much as to 162,000 won ($136.47) in a broader KOSPI market that was up 0.4% at 0122 GMT.

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Mahindra Group Will Continue to Invest in Successful Businesses, Says Chairman Anand Mahindra

He added that it has given "us an opportunity to reboot our thinking, to reinvent our approach and to recommit ourselves to our financial goals".

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EV Makers Give Thumps Up To Delhi Govt’s New Green Initiatives

With this announcement, the govt is expecting registration of 5 lakh new electric vehicles in the next 5 years. Furthermore, the Delhi government will set up the State Electric Vehicle Board to implement this new policy

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Used Car Business Seeing Green Shoots Post Covid-induced Lockdown

The pre-owned car market is expected to show a growth of 5-7% after factoring in the impact of business interruption due to lockdown during most of Q1.

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Kia Unveils The Sonet, To Take On The Hyundai Venue, Maruti Brezza And Tata Nexon

The Sonet concept was initially showcased at the Auto Expo in February 2020. The company also announces that the sales of the new car will commence soon in India.

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Toyota Ekes Out Weakest First Quarter Profit In 9 Years As Pandemic Halves Car Sales

Toyota's operating profit plunged 98% to 13.9 billion yen ($131.73 million) for the three months ended June, better than a consensus estimate for a loss of 179 billion yen drawn from a Refinitiv poll of seven analysts.

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China's July Exports Seen Falling On Global Virus Surge; Import Growth Cools

Imports likely rose 1.0% on year, the poll showed, easing from a gain of 2.7% the previous month, due to a high base last year and the reimposition of lockdown measures in some overseas economies which hampered the flow of goods

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BMW Plunges To Second-Quarter EBIT Loss As Coronavirus Pandemic Hits Car Sales

The Munich-based carmaker said it swung to a 666 million euro ($786 million) loss before interest and taxes in the quarter ending in June, down from a 2.2 billion euro operating profit in the year-earlier quarter.

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UK Car Sales Rise 11% In First Full Month Of Dealership Reopenings

Dealerships reopened their doors to customers on June 1 in England, June 8 in Northern Ireland, June 22 in Wales and June 29 in Scotland.

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