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Latest Articles in auto sector

Volkswagen Operating Profit Drops By Half In 2020

Sales at the German carmaker rose 1.7% in December, while new car registrations by the sector as a whole in Europe dropped nearly 4%, data from the European Automobile Manufacturers' Association showed.

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The Tough Get Going

In this issue, we bring the spotlight on commercial vehicle manufacturers, the challenges they face and their growth prospects.

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Auto Cos Need To Map Vulnerabilities, Realign Supply Chains To Meet Challenges: Report

Stating that the Indian auto industry needs to deploy crisis management, governance and supply chain intelligence, the report also said the critical first step would be to identify a company's key direct suppliers and dependencies - both in the supply and the demand side.

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India's Passenger Vehicle Sales Rise 13% In November

India's gross domestic product in the July-September quarter contracted 7.5% year on year, compared with a decline of 23.9% in the previous quarter, and several economists have predicted a steady recovery in the coming months.

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Government Incentive Scheme To Boost Auto Sector: Fitch Solutions

Fitch Solutions expressed hope that the government will look to establish a strategy to reduce the risks that might become a barrier to investments in the future.

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Goodyear Wants To Corner 30 Mn Liter P.A. In Auto Lubricants Market By 2025

Goodyear has inked a licensee partnership with Assurance International for its Lubricants foray. It is training is guns heavily in the aftermarket space in the initial phase

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Tesla Third-Quarter Registrations In California Drop 13%

Total third-quarter vehicle registrations in the 23 states where data was collected and which Cross-Sell said account for 65% of the U.S. market, remained roughly equal to last year at around 32,800 vehicles.

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GM Plans Investments To Expand Electric Vehicle Production

The automaker plans to spend $2.5 billion overhauling and retooling its Detroit-Hamtramck factory to build a GMC Hummer EV electric pickup truck, an automated robotaxi and other vehicles.

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BMW Says Third-Quarter Cash Flow In Auto Segment Was Above Expectations

Free cash flow amounted to 3.07 billon euros ($3.61 billion) in the third quarter, up from 714 million euros ($840.16 million) in the year-earlier period

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The Quintessential Bond Car

Production could not start due to the First World War and also because Martin joined the Royal Army Service Corps.

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BMW To Pay $18 Million U.S. Fine To Resolve Inflated Sales Probe

Fiat Chrysler Automobiles NV and its U.S. unit agreed to pay $40 million for misleading investors about its monthly sales figures to resolve a separate SEC probe.

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Honda Cars Launches Virtual Showrooms To Enhance Ease Of Buying

The interactive showrooms can be easily accessed through computer and smartphone browsers where customers can intuitively browse and explore the design, features and technical details available for each mode

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GM Faces Unexpected Bills As India-China Tensions Delay Sale Of India Plant

GM had planned to use the expected sale proceeds of $250 million-$300 million to pay off liabilities incurred with its exit from manufacturing in India in what a second source said would have been a "no gain-no loss" situation.

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India Urges Auto Companies To Cut Royalties To Foreign Parents

Maruti Suzuki paid 38.2 billion rupees ($510 million) as royalty to its Japanese parent Suzuki Motor in the fiscal year ending March 31, 2020, amounting to 5% of its revenue

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Ford To Work With Intel's Mobileye For Better Collision Avoidance Technology

Ford will include Mobileye's logo in driver-assist communication displays and is also considering using its Roadbook map system, which uses anonymized, crowd-sourced data from vehicle cameras.

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