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Latest Articles in auto makers

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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Nikola, CNH Building Electric Truck Prototypes For 2021 End Launch

The U.S. Securities and Exchange Commission (SEC) is probing Nikola to assess the merits of Hindenburg's allegations that the EV maker misled investors about its business prospects, Bloomberg News reported.

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Renault's De Meo Says More Cost Cuts May Be Needed

De Meo, a former Volkswagen executive who took over as CEO in July, did not give a figure for how much more money the company needed to save.

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Gadkari Exhorts Automakers To Build Flex-engine Vehicles To Promote Alternative Fuel

Alternative fuel like ethanol, methanol, bio diesel, electric and bio CNG besides LNG were the fuel for future and should be promoted, he said and added a roadmap was being readied for fuel 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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In India, A Diminished Nissan Bets Big On A Small SUV

Japan's No. 2 automaker has, however, no plans to withdraw from India, where it has invested over $800 million, and discussions about strategy are ongoing

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TVS Motor Shares Decline Nearly 5% After Q1 Earnings

The revenue on a standalone basis in the period under review declined to Rs 1,434.3 crore from Rs 4,469.8 crore in the year-ago period

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Choose ‘Zero-Touch’ Motor Insurance To Ensure Your Safety

Having a paperless insurance process means that there are no hard copies required, especially now when people fear all surfaces.

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As FM Changes Definition Of MSME, Auto Industry Gives A Thumbs Up

Investment limit, which defined MSMEs, has been revised upwards. Additional criteria being brought in is turnover size - earlier differentiation between manufacturing and service MSMEs will be categorised similarly

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Covid Outbreak May Impinge On Carmakers’ New Product Plans

The automakers have decided to not resume production even if their manufacturing facilities are declared green zones owing to bottlenecks related to supply chain, reverse labour migration, and a stockpile of models at the factories and dealerships.

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Road to Recovery: Auto Cos Go Digital

Although many consumers will be hesitant about purchasing a car in the present circumstances, OEMs and car dealerships still need to offer more flexibility.

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South Korea's Ssangyong Motor Approves Use Of $33 Million Special Fund From India's Mahindra

Ssangyong Motor in a statement said its board approved the use of the fund at a meeting on Friday, and that it will use it to resolve imminent liquidity issues and to relieve market concern.

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Tata Motors Reports 84% Fall In March Domestic Sales Amid COVID-19 Lockdown

The sales in domestic and international markets during March 2020 stood at 12,924 vehicles compared with 74,679 units during March 2019.

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Fate Of Lakhs Of Unsold BSIV 2-wheelers, 4-wheelers May Get Decided Tomorrow

BS-4 stock to the tune of seven lakh two-wheelers, 12,000 passenger vehicles and 8,000 commercial vehicles remains unsold at dealership as the deadline for the mandatory switch over to BS-VI nears

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JK Tyre To Raise Stake In Subsidiary Cavendish Industries

Cavendish Industries is a manufacturer of automotive tyres, tubes and flaps which is also the prime business of JK Tyre.

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