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Latest Articles in automakers

Hyundai, Kia Agree To $210 Million US Auto Safety Civil Penalty

Hyundai agreed to a total civil penalty of $140 million, including an upfront payment of $54 million, an obligation to spend $40 million on safety performance measures, and an additional $46 million deferred penalty if it does not meet requirements.

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Ford Orders 12 Ultra-Cold Freezers To Distribute COVID-19 Vaccines To Employees

Ford's purchase mirrors efforts by U.S. states and cities to buy equipment to store millions of doses of Pfizer's vaccine at temperatures of minus 70 Celsius (minus 94 Fahrenheit), significantly below the standard for vaccines of 2-8 C (36-46 F).

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Tesla Market Value Crosses $500 Billion In Meteoric Rally

Tesla is Wall Street's seventh most valuable company, just behind Berkshire Hathaway , and its shares have rallied over 30% since Nov. 16, when it was announced Tesla would join the S&P 500 benchmark.

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Maruti Suzuki Subscribe Launched In Four More Cities

The company has partnered with ORIX Auto Infrastructure Services India, a subsidiary of ORIX Corporation, Japan to introduce the service for individual customers in these four cities

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Toyota Halts Operations At Indian Plant Again As Union Strike Continues

The disruption follows several months of a slump in sales, and comes at a time when vehicle deliveries to dealers are picking up in anticipation of strong demand during the November festive period in India.

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Fiat Chrysler, PSA Merger To Include Investor Loyalty Scheme

Italian-American carmaker Fiat Chrysler (FCA) and France's PSA agreed to combine in a $38 billion all-share deal in December, uniting brands such as Fiat, Jeep, Dodge, Ram and Maserati with the likes of Peugeot, Opel, Citroen and DS.

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GM's Barra Accelerates 'All Out Pursuit Of Global EV Leadership'

GM shares rallied into positive territory after Barra outlined her EV strategy. Tesla shares were up 3% on Thursday, pushing the carmaker toward a $475-billion market capitalization that is almost eight times greater than GM's.

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Tesla Surge Adds To Dominance Of S&P 500's Biggest Players

The California company's stock rose 2.6% and is up over 20% since S&P Dow Jones Indices announced on Monday it would add Tesla to the index as of Dec. 21, a change that will force index funds to buy around $50 billion of its stock.

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Kia Motors Workers In South Korea To Stage Partial Strike Over Wages, EV Plans

Automakers around the world are expanding their electric car production to comply with tougher air-pollution rules that require them to reduce carbon emissions or face stiff fines.

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Tesla To Join S&P 500, Spark Epic Index Fund Trade

S&P Dow Jones Indices announced that the company would join the S&P 500 index prior to the opening of trading on Dec. 21, potentially in two tranches making it easier for investment funds to digest.

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GM Recalling Nearly 69,000 Bolt Evs For Fire Risks

The recall is for 2017-2019 model year Chevrolet Bolt EVs with high voltage batteries produced at LG Chem Ltd's Ochang, South Korean facility.

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Daimler To Revamp China Plant To Make Actros Trucks As Sales Surge

Daimler, which has a passenger car joint venture with Foton's parent BAIC Group, sold around 700,000 passenger cars in China last year. Its chief executive said last month China will remain Mercedes-Benz's biggest growth market in the next decade and it will adjust production locations to capture shifts in demand.

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Kia Motors Launches Complete Contactless, Paperless Aftersales Service

This initiative entails an 'Advanced Pick and Drop' programme, ensuring highest customer safety with a no contact pick-up and drop service and live vehicle tracking in a completely paperless process.

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Nissan's Prospects Brighten As China Rebounds, But Struggle Ahead For Weakened Car Maker

Nissan's second-quarter results are likely to highlight how it is falling further behind domestic rivals Toyota Motor Corp and Honda Motor Co Ltd, both of which last week raised their profit estimates thanks partly to an uptick in demand from China, the world's largest auto market.

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Toyota Declares Lockout At Bidadi Manufacturing Plant Following Workers' Union Protest

The company noted that as per extant service rules and keeping in mind the principles of natural justice, all possible opportunities will be provided to the employee during the inquiry process.

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