NEWS

For our visitors who seek the latest industry news and updates to keep up with the goings-on of the business on a global scale, this portal grants a dynamic and diverse feed of news items contemporaneous with the current affairs of the Automotive Industry.

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Mitsubishi Motors Corp39s domestic mini vehicle sales fell 757 percent on the year in June posting a big fall for the third month after the Japanese automaker admitted to overstating the mileage for some models it sells at home It was the second full month of declines since the automaker in late April stopped sales of its eK Wagon and eK Space models after admitting to manipulating mileage data for those vehicles along with two similar but separate models it produced for Nissan Motor Co Ltd Mi.. More information...

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Japanese automobile manufacturer Nissan Motor company has published its annual Sustainability Report showing that the it39s carbon dioxide CO2 emissions have fallen by 224 percent over the past decade informed the company in an official statement Hitoshi Kawaguchi Nissan Chief Sustainability Officer said We aim to deliver further environmental progress in addition to promoting all electric vehicles and pursuing efficiency on energy and resource diversity efficiency and recycling in the current .. More information...

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Japan39s Toyota Industries Corp 6201T is competing against US diversified industrial conglomerate Honeywell International Inc HONN to acquire US distribution systems and logistics company Intelligrated Inc people familiar with the matter said The strong interest in the company follows German forklift truck maker Kion Group AG39s KGXDE agreement last week to buy Intelligrated39s larger peer Dematic for 325 billion to expand into automated warehouses and supply chains that have ballooned with the.. More information...

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A lawyer for Volkswagen AG VOWGpDE said at a court hearing Thursday the German automaker believed it could fix 85000 polluting 30liter VW Audi and Porsche diesel cars and SUVs a move that could help the company avoid a second pricey vehicle buyback Separately a Justice Department lawyer Joshua Van Eaton said discussions and tests were being conducted to resolve the fate of those vehicles which could take months to rectify At the hearing US District Judge Charles Breyer did not set a formal dea.. More information...

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Canadian auto parts manufacturers Magna International Inc Linamar Corporation Exco Technologies Ltd and Martinrea International Inc were hit with analyst downgrades Tuesday adding to the sectors woes in wake of the United Kingdoms vote to leave the European Union BMO Capital Markets announced it was revising its target price on Magna to US36 from US50 on Linamar to US50 from 75 on Exco to US13 from and on Martinrea to US7 from US11 The global auto sector has been hit by falling stock prices in.. More information...

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Leaders of the automotive industry which provides tens of thousands of jobs in the North East have spoken of the crucial importance of the single market after European exports helped the sector to a hugely successful year Vehicle production topped 17m last year with almost four out of five cars built for export 575 of which went to the EU The automotive plant is one of the regions key employers with Nissans Sunderland plant having around 6700 staff and more than 30000 jobs in the supply sect.. More information...

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French carmaker Renault is considering UK price rises to counter the pound39s slump since Britain voted to leave the European Union two company sources told Reuters on Wednesday after a briefing by senior management Renault will likely be forced to raise UK prices to the detriment of sales while stopping short of withdrawal from the market Chief Financial Officer Clotilde Delbos warned during an internal presentation this week according to both sources A Renault spokeswoman declined to comment.. More information...

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Toyota Kirloskar Motor is recalling 170 units of its hybrid car model Prius in India as part of the overall recall of 143 million vehicles globally for defective air bags The company has decided to initiate a voluntary recall campaign in India starting June 29 2016 for the inspection and installation of retention brackets on the curtain shield airbag inflators of certain numbers of Toyota Prius models sold in India it said in a statement The recalled units were manufactured between November 20.. More information...

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The UK automotive industry turned over a record 716 billion last year up 73 on 2014 and now employs 814000 people with 17000 new jobs created in 2015 Vehicle production was up 52 to 17 million units yet the Society of Motor Manufacturers and Traders SMMT said environmental impact had reduced with waste to landfill down 242 Average new car CO2 emissions were also down by a third since 2000 falling 26 in 2015 to 1214gkm of CO2 However it stressed that access to the single market and EUnegotiat.. More information...

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Porsche the German car manufacturer is all geared up to launch the new Porsche 911 in the Indian automotive market It is being said that Porsche will launch four models of the latest generation Porsche 911 that will include the 911 Carrera S 911 Carrera Cabriolet 911 Turbo S Cabriolet and the 911 Turbo The 2016 Porsche 911 was fir unveiled at the 2015 Frankfurt Motor Show The new generation model gets redesigned exteriors and interiors along with a few mechanical upgrades The 2016 Porsche 911 w.. More information...