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.

news

Volkswagen's long-struggling Spanish division Seat expects strong sales this year after deliveries grew by double-digit percentages in the first two months thanks to new models and demand from southern Europe, its chief executive said. Full availability of the new Ateca sport-utility vehicle introduced in 2016 and the launch of its…

news

India’s one of the fast-growing diversified auto component maker Uno Minda Group is looking to enhance its investment in the manufacturing facilities and new product line up to meet the changing quality norms in Indian and global markets. The Gurgaon-based component maker is aiming to touch Rs 10,000 crore revenue…

news

Renault-Nissan Alliance and Transdev have agreed to jointly explore development of mobility services with fleets of electric driverless vehicles for public and on-demand transportation company confirmed in a press release . The companies will collaborate to develop a comprehensive, modular transportation system to enable clients to book rides, and mobility…

news

Self-driving technology for commercial trucking Embark has unveiled its self-driving truck technology to the public. The company—which gained approval by the State of Nevada earlier this year to begin testing its truck on public roads—has created a technology that allows trucks to drive from exit to exit on the freeway…

news

Luxury carmaker BMW is considering moving planned production of an electric version of its Mini compact car to Germany from Britain in response to plans by London to leave the EU single market, the Handelsblatt daily newspaper reported. BMW may shift manufacturing to its production sites in Regensburg and Leipzig,…

news

Canadian auto parts maker Magna International reported a lower-than-expected quarterly profit as costs rose.Aurora, Ontario-based Magna said the cost of goods sold jumped 7.7 percent to $7.90 billion in the fourth quarter ended December 31. Magna, which is primarily an auto parts supplier, also assembles cars under contract from motor…

news

British car production rose by an annual 7.5 percent in January to hit its highest since 2008, as strong demand for exports compensated for a decline in demand at home, an industry body said on Thursday. Overall output hit 147,922 vehicles due to a 10.8 percent increase in sales to…

news

American automotive parts supplier BorgWarner is going to supply HY-VO chains for the Chevrolet Volt plug-in hybrid and Malibu hybrid, informed the company in a statement. Offering greater efficiency and lower noise than gear drives, BorgWarner’s HY-VO chains transmit torque from the two-motor electric drive unit to the differential and…

news

Minda Industries has entered into Joint Venture (JV) agreement with Katolec Corporation, Japan. The initial investment outlay is Rs 40 crore. The proposed name for the joint venture company is Minda Katolec Electronics Services which shall be incorporated with MIL holding 51% and Katolec holding 49% of the equity, informed…

news

British car production rose by an annual 7.5 percent in January to hit its highest since 2008, as strong demand for exports compensated for a decline in demand at home, an industry body said on Thursday. Overall output hit 147,922 vehicles due to a 10.8 percent increase in sales to…