Search result for Automobiles
UAE contributed to the creation of the first solar-powered automobiles
The world's first solar-powered vehicle is being created by the collaboration of the Netherlands-based Lightyear and Sharjah Research, Technology and Innovation Park (SRTI).
Lightyear's collaboration with the park, which acts as a centre for tech company incubation, will be the ...
INDIAN AUTOMOBILE DEALERS WORRIED DUE TO SUDDEN EXITS BY GLOBAL AUTO MAKERS
HIGHLIGHTS
- Automobile dealers are demanding protection from sudden exits by global auto makers.
- FADA wants Indian government to implement system to protect the interests of dealers from sudden exits by multinational manufacturers.
- FADA told...
AUTO SALES IN CHINA ROSE 36.6 PERCENT IN JAN-MARCH PERIOD
Highlights –
- Auto sales in China rose 36.6 percent in the Jan-March period.
- Sales of passenger vehicles increased 38.1 percent year on year.
- Auto sales totaled 2.13 million units in May alone.
- NEV is expected to represent 2...
S. KOREA SAW A RECORD INCREASE IN EXPORTS BY 41.1% IN APRIL
Highlights –
- S. Korea saw a record increase in exports by 41.1% in April.
- Exports grew on demand for chips and automobiles.
- Outbound shipments in April were reported to be $51.1 billion.
- Stronger demand for laptops and othe...
KOREAN INDUSTRIES TIGHT-LIPPED TO OUTCOME OF US PRESIDENTIAL ELECTIONS
- As the world elatedly watches the razor-sharp US presidential election unfold to a lot of uncertainty ahead, Democrat candidate Joe Biden appears to have the upper hand, as of Thursday here.
- South Korean industries have remained pensive for either scenario, with prospects gyrat...
EXPORT OF PASSENGER CARS SLUMPED BY 41 PERCENT IN Q2
Highlights:
- The export of South Korean made passenger cars slumped by 40.6 percent in the second quarter (Q2).
- In the period of April-June, South Korean carmakers shipped passenger cars worth US$ 6.2 billion.
- The number of passenger car uni...
AUTO INDUSTRY OF SOUTH KOREA EXPECTS A FALL OF 25% IN ANNUAL SALES
Highlights:
- South Korean automakers expect a slump of 25 percent on average from a year ago due to coronavirus pandemic outbreak.
- 130 automakers and auto component manufacturers have projected that the sales will reduce by 17.6 billion won.
EUROPEAN STEELMAKERS HALT PRODUCTION: FIRST CONSEQUENCE OF AUTOMOBILE INDUSTRY SHUTDOWN?
Highlights
• Steel giants Tata and Thyssenkrupp shut down majority of plants
• Automobile industry consumes 1/5 of total steel consumption
As an impact of shutdown of car plants, the European steelmakers have ceased production. Due to global coronavir...
SUPPLY CHAIN DISRUPTION RESULTS IN CAR MANUFACTURING DELAYS ACROSS THE WORLD
Highlights:
- The automotive supply chain has been severely affected by COVID-19 outbreak
- Automakers had to implement workarounds to supply pre-booked automobiles
COVID-19 outbreak has had a major impact on the supply deadlines of auto...
UNDERRATED JAPANESE DOMESTIC MARKET CARS
Highlights:
- Japanese Domestic Market cars were renowned for superior handling and reliability
- A sudden influx of new models in the 80s and 90s led to under-appreciation of many cars
The Japanese Domestic Market cars were designed and...
FORMER AUTO PART EXECUTIVE BANISHED BY U.S.
Highlights:
- The former executive of Auto parts maker Continental Automotive Korea Ltd. has been banished by the U.S.
- He was pleaded guilty to rigging bids for auto parts.
- He was sentenced to nine months in prison by the Justice Department.<...
540-HP GIULIA GTA MIGHT COME TO U.S.
Highlights:
- The limited-edition GTA is lighter as compared to the Giulia Quadrifoglio.
- Initially, there were no plans of selling limited-edition Giulia GTA in the U.S., however, the company is now evaluating the possibility.
- The new car is ...
COVID-19 REDUCES SALES IN JAPAN’S AUTOMOBILE AND RETAIL INDUSTRIES
Highlights:
- Japan has been on the edge of recession due to the consumption tax hike of October 2019
- COVID-19 has drastically hit the sales of retail and automobile industry in Japan
February recorded a sharp reduction in sales across...
AUSTRALIA IS TREASURE COMPANY FOR KUMHO
Highlights:
- The Australian subsidiary of the Kumho tire is considered as a company treasure.
- Kumho has a total of 5.3 percent share of the Australian market.
- Kumho provides tires in its mid-level pricing and is used as original equipment (O...
HYDROGEN-POWERED EQUIPMENT WILL BE DEVELOPED BY HYUNDAI
Highlights:
- Hyundai Motor Co. joined hands with HCE to develop construction vehicles powered by hydrogen.
- A memorandum of understanding is signed by the two Hyundai companies and Hyundai Mobis Co. for the construction.
- The prototypes will b...
HYUNDAI & KIA INCREASED EV SALES IN EUROPE
Highlights:
- Hyundai Motor and Kia Motors' sales of EVs in the European market has ramped up.
- The sales in the European market in January is at 6,083 units.
- Hyundai’s Kona recorded the highest sales.
The sales of ...
CAR PRODUCTION IN KOREA IS AT WORLD’S 7TH POSITION
Highlights:
- South Korea remained in 7th position among the world's top 10 car manufacturing countries.
- South Korea produced 3.95 million vehicles in 2019 which accounts for a drop of 1.9 percent from 2018.
- In the world share, the produc...
HOLDEN TO BE A FORGOTTEN NAME BY THE END OF 2020
Highlights:
- General Motors (GM), the parent company of the Holden brand, announced that it will no longer make cars for Australian roads.
- GM announced that it will stop producing vehicles for right-hand-drive markets.
- Holden bosses stated t...
PRODUCTION TO BE NORMALIZED FOR KOREAN CARMAKERS
Highlights:
- Korean carmakers are on track from today for normalizing production.
- Hyundai Motors Co. and its sister company Kia Motors Corp. partially restarted the production in Korea.
- The carmakers plan to imports auto parts from Southeast...
GO GREEN: NEW MOTIVE OF TYRE INDUSTRY
Highlights:
- Recycling of tyres remains a complex issue.
- Pirelli tyres have been named as the world leader in the fight against global warming.
- More global brands are switching towards eco-friendly methods for accelerating the tyre industry....