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Latest Articles in automakers

Renault Takes On 'Range Anxiety' In Electric Sales Push. But It's A Long Road

The revamped model, which has accounted for a third of Tomlin's sales for a couple of months this year, has a range of 400 km (249-mile). By contrast the previous model, which drew much lower sales, offered 300 km when fully charged.

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Toyota To Invest $500 Million In KDDI To Deepen Ties For 'Connected Car'

As cars become more connected, the auto industry is facing competition from a growing number of global tech giants, including China's Tencent Holdings, Alphabet, Samsung Electronics.

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Toyota Launches First Regional Stockyard At Guwahati To Cut Delivery Time

The new stockyard will significantly enhance distribution efficiency, reduce inventory costs and turnaround time for dealer working capital besides facilitating TKM dealers to meet customer requirements faster, the automaker said in a release.

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Maruti Suzuki India Quarterly Profit Rises As Buyers Return

India's largest automaker by market capitalization reported a net profit of 13.72 billion rupees ($185.55 million) for the three months ended Sept. 30.

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Premium Cars Drive Volkswagen Back To Profit On China Boost

VW had posted a loss of 1.7 billion euros in the second quarter as it was hit hard by a drop in demand caused by the pandemic, which led to restrictions on movement, economic crises and swathes of job losses globally.

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Ford Sees Full-Year Pretax Profit, Posts Stronger Than Expected Quarterly Earnings

Ford reported net income in the third quarter of $2.4 billion, or 60 cents a share, compared with $400 million, or 11 cents a share, a year earlier.

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GE Reports Smaller Loss As Business Recovers From Pandemic Lows

Revenue at GE's aviation unit fell 39% in the quarter compared with last year, while in the power business it rose 3%.

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Mercedes-Benz To Lift Aston Martin Stake To Up To 20% By 2023

Aston Martin, popular for being James Bond's carmaker of choice, has suffered a torrid time since it floated two years ago, with its shares losing two-thirds of their value this year.

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Aston Martin Capital Raise Subscribed As Mercedes Deal Revs Up Shares

Shares in the company jumped 12.8% to 61.5 pence by 0834 GMT after it said on Tuesday Daimler unit Mercedes-Benz would lift its stake in the British carmaker to up to 20% by 2023.

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Rolls-Royce To Temporarily Close Factories, Cut Benefits

Rolls Royce staff were notified last week by email that the company was looking at new measures in its current cost-cutting drive to cope with the collapse in aircraft demand in the aftermath of the COVID-19 pandemic

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EU Antitrust Regulators Set To Clear Fiat-PSA Merger

The all-share merger agreement announced late last year would create a company worth about $38 billion and unite brands such as Fiat, Jeep, Dodge, Ram and Maserati with the likes of Peugeot, Opel and DS - while targeting annual cost cuts of 5 billion euros ($5.93 billion) without closing factories.

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Hyundai Motor Swings To Net Loss In Third Quarter As Costs Of Engine Issues Weigh

Another $3 billion of provisions related to engine issues brought their total hit from a series of years-long quality problems to nearly $5 billion.

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Daimler Lifts 2020 Profit Outlook As Mercedes-Benz Margins Rebound

Benefiting from improved pricing and a fall in fixed costs, adjusted return on sales at its Mercedes-Benz Cars & Vans division rose to 9.4%, up from 7% a year earlier and rebounding from minus 1.5% in the second quarter.

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European Recovery Helps Mitigate Sales Fall At France's Renault

The carmaker was already struggling more than some rivals with falling sales before the coronavirus crisis hit, while trying to patch up a rocky relationship with its Japanese partner Nissan.

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Passenger Vehicle Sales In India Rise 17 % In Sept Qtr: SIAM

Motorcycle sales were at 12,24,117 units as against 10,43,621 units in September 2019, up 17.3 per cent.

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