TESLA CALLS BACK 6,000 CARS OVER POTENTIALLY LOOSE BELTS

Highlights

• The company said that it will be inspecting and tighten, or replace, the caliper bolts if necessary

• According to Tesla, the "unlikely event" there is vehicle damage from a loose or missing fastener, it will arrange for a tow to the nearest se...

VOLKSWAGEN TO RENAME ITS U.S. OPERATIONS AS ‘VOLTSWAGEN OF AMERICA'

Highlights

• This decision has been taken as the company is now shifting its focus towards electric vehicles

• “We might be changing out our K for a T, but what we aren’t changing this brand's commitment to making best-in-class vehicles for drivers an...

TWO US SENATORS URGE PRESIDENT BIDEN TO END SALE OF PETROL, DIESEL VEHICLES BY 2035

Highlights

• Senators Dianne Feinstein and Alex Padilla in a letter to the US President Joe Been have asked him to take a cue from California’s push towards clean mobility

• The state of California had previously announced that it will be imposing a ban on sale...

HONDA MOTOR CO TO HALT PRODUCTION AT ALL PLANTS IN US, CANADA

Highlights

• According to Honda Motor Co, it has decided to temporarily stop production at a majority of auto plants in the United States and Canada for a week

• Honda said “In some way, all of our auto plants in the U.S. and Canada will be impacted.”

MG MOTORS RECEIVING GOOD RESPONSE IN INDIA

HIGHLIGHTS

• British automaker MG Motors is happy with response in India.
• In FEB 2021, MG Motor India recorded highest-ever production, bookings, and sales.
• The British automaker sold 4,329 cars in India in FEB 2021.
• 215% growth ha...

FIRE AT TESLA'S FREMONT FACTORY NOW UNDER CONTROL

Highlights

• As per reports, the cause of fire was molten aluminium and hydraulic fluid. Fortunately there were no reports of injuries to Tesla or Fremont Fire firefighters

• In an email to the employees, Chief Executive Officer of Tesla, Elon Musk said the company t...

DAIMLER AG AGREES TO PAY $1.5 BILLION TO RESOLVE A US GOVERNMENT PROBE

Highlights

• According to the court papers, this settlement with the US Justice Department and California Air Resources Board is inclusive of a civil penalty worth $875 million levied under the Clean Air Act

• The California settlement fair is reasonable and in the p...

ELON MUSK SAYS TESLA & FORD ARE ONLY TWO AMERICAN AUTOMAKERS TO STAY PROFITABLE

Highlights

• While most of the automakers in the United States have gone bankrupt, his company and Ford are the only two companies to remain profitable and not go bankrupt said Musk

• The Elon Musk-led company managed to remain profitable in the fourth quarter of 202...

SUPPLY OF NEW CARS IN THE U.S. IS ON THE LOWER SIDE SAYS ALLY FINANCIAL INC.

Highlights

• The largest auto lender in the United States, Ally Financial Inc. said the supply of new cars in the country is lower side and the car manufacturers should get busy

• Executive Officer (CEO) Jeffrey Brown said there’s enough consumer demand for man...

U.S.: HYUNDAI, KIA TO PAY FINES WORTH $210 MILLION

Highlights

• The two affiliated Korean automakers agreed to consent orders said the U.S. National Highway Traffic Safety Administration (NHTSA)

• While Hyundai has agreed to a total civil penalty of $140 million, Kia Motors will pay civil penalty worth $70 million in...

GM ASKED TO RECALL 5.9 MILLION VEHICLES OVER FAULTY AIRBAGS

Highlights

• GM needs to recall the 2007-2014 model year trucks and SUVs as the inflators are at the risk of the same type of explosion to high heat and humidity as other recalled Takata inflators

• According to the GM estimation in securities filings, if at all requ...

U.S.TO EXPAND A PROBE INTO 159,000 TESLA MODEL S & MODEL X VEHICLES

Highlights

• NHTSA started the initial probe in the month of June over failures reported regarding the touchscreen, that covered 63,000 Tesla Model S cars

• All 2012-2018 model year Tesla Model S and 2016-2018 Model X vehicles will be now covered under this probe

EUROPEAN CARMAKERS DEMAND EU CHIEFS TO RECONSIDER POSITION AS BREXIT TENSIONS INCREASE

Highlights:

• The European Automobile Manufacturer’s Association or ACEA have given the warning to the European Union chiefs to reconsider position as Brexit tensions increase
• The association wants the European Union to decrease the percentage of ...

EVERYTHING ABOUT HUMMER EV, WORLD’S FIRST ALL-ELECTRIC SUPERTRUCK

Highlights

• The all new Hummer EV arrives with three electric motors that are capable of generating 1,000 horsepower, while its 24-module, double-stacked Ultium battery is claimed to provide it a range of minimum 350 miles

• According to GMC, Hummer EV is the first-...

U.S. AUTO INDUSTRY DESPERATE TO FILL JOB OPENINGS

Highlights

• Few auto parts manufacturers including Mobex Global have said that they are increasing payments, offering bonuses to fill job openings as currently they are not able to complete their targets

• Right after the dreadful coronavirus started wreaking havoc,...