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Toyota Motor Corp is working on an electric car powered by a new type of battery that significantly increases driving range and reduces charging time, aiming to begin sales in 2022, the Chunichi Shimbun daily reported on Tuesday. Toyota's new electric car, to be built on an all-new platform, will…

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The BMW Group is investing a further €200 million (Rs 1500 crore as on 24th July 2017) in the future of its plant in Leipzig, eastern Germany, according to the company statement. The building work will begin in early 2018 and include an extension of the paint shop and alternations…

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German automaker Daimler will voluntarily recall 3 million Mercedes-Benz brand cars with diesel engines in Europe to improve their emissions performance, the company said Tuesday in the wake of widespread public debate over the future of diesel. The Stuttgart-based company said it was taking the step to reassure drivers and…

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Troubled auto component firm Amtek Auto today said its arm Amtek Global Technologies would sell its UK-based subsidiaries' plants to the Liberty group. "Amtek Global Technologies, a subsidiary of Amtek Auto Ltd has entered into an agreement to sell its UK-based subsidiaries' plants to the Liberty group," Amtek Auto said…

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Apple is secretly working with a Chinese battery manufacturer on automotive battery research and development, indicating its continued pursuit of its electric car project. The Cupertino-based tech giant is working with Contemporary Amperex Technology Ltd. (CATL) in China's Fujian province based on a confidentiality agreement, Shanghai-based Yicai Global reported on…

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Jaguar Land Rover opened its first overseas engine plant on Friday, picking China for the investment a week after saying it would build a global model entirely outside Britain for the first time. Britain's biggest carmaker, which already operates a plant in China as part of a partnership with Chery,…

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IFA, a direct supplier of propshafts for passenger cars and light commercial vehicles, is constructing a new manufacturing and distribution facility in Berkeley County, South Carolina. The development represents $69 million of capital investment and is projected to create more than 120 new jobs in the coming years. As one…

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Volvo Car Group reported a 21 percent rise in first-half earnings on Thursday, helped by higher turnover in Europe and China, keeping it on track for record full-year sales. Under Chinese ownership since being bought by Zhejiang Geely Holding Group from Ford in 2010, Volvo has begun to take on…

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BMW's Oxford factory in England is currently the favored location for building an electric version of the Mini despite Britain's planned departure from the European Union, two sources familiar with the company's thinking told Reuters on Wednesday. Any decision by the German carmaker to commit to further spending at Oxford…

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Shares of Ashok Leyland advanced in Wednesday’s trade after the company said it had formed a strategic alliance with SUN Mobility to develop electric mobility solutions. Following the development, the stock advanced 1.33 per cent to Rs 107 on BSE. It opened at Rs 107.10 and touched an intraday high…

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