Car Manufacturing Sales Drop

Highlights:

• Global chip shortages continue to affect car production.

The worst chip shortage in decades is experienced currently all around the world. These Semiconductor chips are used in everything: smartphones, smart fridges, computers, and ...

S. KOREA’S AUTOMOBILE EXPORTS ROSE TO 53% IN APRIL

Highlights –

• S. Korea’s automobile exports rose to 53% in April.
• In April, S. Korea’s outbound shipments of automobiles reached 188,293 units.
• Hyundai Motor Co. saw its exports jump 40.3 percent in April.
• SsangY...

2021 RENAULT TRIBER COMING WITH NEW FEATURES

HIGHLIGHTS

• 2021 Renault Triber is going get released in market with six new features.
• The new car is going to have better fuel efficiency.

Renault India is all set to upgrade the Triber subcompact Multi-Purpose Vehicle (MPV) very soo...

S. KOREAN COLLECTIVE CARMAKER’S SALES ON SUVs ROSE 4.8 PERCENT IN JANUARY 2021

Highlights –

• S. Korean collective carmaker’s sales on SUVs rose 4.8 percent in January 2021.
• The data is by Hyundai Motor Co., Kia Corp., GM Korea Co., Renault Samsung Motors Corp., and SsangYong Motor Co.
• Domestic sales of the ...

HYUNDAI MOTOR CO. AND KIA MOTORS ASSUME FOURTH PLACE IN GLOBAL EV SALES

• Hyundai Motor Co. and KIA Motors Corp. have been placed fourth in global electric vehicles in the January-September period of 2020.
• Market Research Company SNE Research said on Nov. 23 that Hyundai and Kia sold an aggregate total of 130,000 electric vehicles, including pure ele...

EARLY RETIREMENT FOR UP TO 600 WORKERS AT MITSUBISHI MOTORS CORP.

Highlights –

• Early retirement for up to 600 workers at Mitsubishi Motors Corp.
• The automaking company is considering the process to start from mid-November.
• The move comes as a part of the company’s restructuring plan.

UBER VOWS TO SHIFT TO 100% ELECTRIC VEHICLES BY 2040

After years of criticism from environmental groups and officials over the pollution and the congestion caused by ride-hailing vehicles and calls for fleet electrification. Global ride-hailing platform, Kuber has finally taken a decision to switch to 100 percent electric vehicles. According to the...

KUMHO TIRES BUILDS CREDIBILITY AS PREMIER TIRE SUPPLIER FOR COMPACT SUVS

• Kumho Tire has reaffirmed its # 1 spot in domestic sales by supplying tires for new small sport utility vehicles (SUV’s), the tire maker said Tuesday.
• Currently, small SUVs are currently in the limelight in South Korea’s auto market with their reasonable price tag a...

RENAULT’S ZOE CAR LEAVES TESLA AND VOLKSWAGEN IN SHOCK IN EUROPE

Highlights:

• Renault launched its Zoe electric car
• German and French government offerings to the company

Renault SA had delivered quite the shock in the figures of its sales this week to anyone who had only paid attention to Tesl...

EUROPEAN STOCK MARKET SEES A STEADY RISE

Highlights –

• European shares gain due to insurer Allianz and carmaker Renault on Wednesday.
• The pan-European STOXX 600 rose 1.2%.
• COVID-19 vaccine helped STOXX 600 recover about 35% from March lows.
• Renault SA (RENA.PA) jum...

RENAULT ANNOUNCES CUTTING OFF 15,000 JOBS WORLDWIDE

Highlights –

• As a cost-cut plan due to pandemic, Renault to cut 15,000 jobs worldwide.
• Around 4,600 jobs will go to France.   
• Six plants are under review for possible cuts and closure.
• The French firm plans to t...

RENAULT AIMING FOR POLE POSITION WITH ELECTRIC MODELS

In the world’s largest automobile market vis a vis China, Renault has taken a deliberate stance of phasing out its gasoline models and throwing its might behind Light Commercial vehicles and electric cars.

The car maker Renault announced on Tuesday that it would sell its 50 % stak...

TOYOTA RANKS SECOND IN GLOBAL SALES 2019

Highlights:

• Toyota is in second place in the 2019 global auto sales ranking.
• Toyota sold a total of 10.74 million units globally in 2019.
• Volkswagen remains at the top position for the fourth consecutive year.

Toyota Motor...

FRENCH RENAULT PUSHED TO REDUCE STAKES IN JAPANESE NISSAN

Highlights:

• The two companies have collaborated for nearly 20 years
• Falling sales has put pressure on Renault to take the call

Nissan and Renault have been embroiled in persistent controversies since 2018, over mismanagement of funds...

Vauxhall union seeks guarantees over car merger

Britain’s union is looking for guarantees when it is looking at the future of Vauxhall after its owner France PSA Group agreed to a merger with Fiat Chrysler. This merger has led to the creation of the world’s fourth-largest car company and this has raised concerns about investment in...

Ocon to test for Renault from December 2

Formula one season is nearing its end for the 2019 season and the drivers market is already full with Estaban Ocon taking the seat of Nico Hulkenberg and Nicholas Latifi coming in the Williams racing team in place of Robert Kubica and the other teams more or less keeping their driver line up inta...

The increase in the market share by the new models of Hyundai and Renault

If we take a closer look at the Indian automotive industry, it is completed on India by the players known as Maruti Hyundai and Renault. There is a soul vehicle sub-segment which completely determines the utility of vehicles for people as after the food shelter and how the automobile is the basic...

Major overhaul in the company structure a part of the bigger picture says, Renault.

Renault motorsports formula one team have had a huge overhaul in their aerodynamics department for the upcoming 2021 regulations which were revealed last week on Friday, there have been major upgrades to the technical rules and in order to understand them better and extract the maximum performanc...