Auto Industry

Volkswagen To Buy 20% Of Chinese Battery Maker Guoxuan Amid Electric Push

Volkswagen To Buy 20% Of Chinese Battery Maker Guoxuan Amid Electric Push

Jan 17, 2020 02:20 PM
Volkswagen AG is set to take a 20% stake in Chinese electric vehicle battery maker Guoxuan High-tech Co Ltd, two sources told Reuters, as the German firm accelerates its electric push into the...
Fiat Chrysler And Foxconn Plan Chinese Electric Vehicle Joint Venture

Fiat Chrysler And Foxconn Plan Chinese Electric Vehicle Joint Venture

Jan 17, 2020 12:41 PM
Fiat Chrysler (FCA) and Taiwan's Hon Hai (2317.TW) are negotiating a 50-50 joint venture, Hon Hai said in a statement. Hon Hai would hold its 50% share both directly and indirectly and its direct...
VW CEO Says Carmaker Faces Same Fate As Nokia Without Urgent Reforms

VW CEO Says Carmaker Faces Same Fate As Nokia Without Urgent Reforms

Jan 16, 2020 08:37 PM
Volkswagen Chief Executive Herbert Diess said the German carmaker needs to accelerate its transformation to avoid becoming another Nokia, which lost its dominance in the handset market to Apple.
Petrol, Diesel Prices Cut After Slump In Crude Rates

Petrol, Diesel Prices Cut After Slump In Crude Rates

Jan 16, 2020 01:18 PM
After no change on Wednesday, the fuel prices dropped on Thursday as the price of petrol was cut by 15 paise and that of diesel by 14 paise across all major cities in the country.
Polish Watchdog Fines Volkswagen Over 'Dieselgate' Scandal

Polish Watchdog Fines Volkswagen Over 'Dieselgate' Scandal

Jan 16, 2020 11:36 AM
Poland's consumer watchdog UOKiK said on Wednesday it was fining Volkswagen more than 120 million zlotys ($31.6 million) for misleading customers about the emissions of its vehicles.
Honda, Isuzu Power Up Fuel Cell Partnership For Heavy-Duty Trucks

Honda, Isuzu Power Up Fuel Cell Partnership For Heavy-Duty Trucks

Jan 16, 2020 11:29 AM
Japan's Honda Motor Co and Isuzu Motors Ltd on Wednesday said they would jointly research the use of hydrogen fuel cells to power heavy-duty trucks, looking to expand fuel cell use by applying the...
Ghosn Says French Envoy Told Him Nissan Was Turning Against Him

Ghosn Says French Envoy Told Him Nissan Was Turning Against Him

Jan 15, 2020 10:57 AM
Former Nissan chairman Carlos Ghosn, speaking in Beirut after his dramatic escape from Japanese justice, said on Tuesday that the French ambassador had warned him shortly after his arrest that his...
Mercedes-Benz India Dealerships To Cross The 100 Mark In 2020

Mercedes-Benz India Dealerships To Cross The 100 Mark In 2020

Jan 14, 2020 07:32 PM
The company currently has 95 dealers in the country and crossing the 100 mark will certainly be a milestone.
Mercedes-Benz EQ Electric Brand Launched In India; EQC To Arrive By April 2020

Mercedes-Benz EQ Electric Brand Launched In India; EQC To Arrive By April 2020

Jan 14, 2020 08:00 PM
Mercedes-Benz is likely to be the first luxury carmaker to launch an electric car in India
Musk Nears $346 Million Payday As Tesla Market Value Soars

Musk Nears $346 Million Payday As Tesla Market Value Soars

Jan 14, 2020 07:56 PM
Tesla Inc Chief Executive Elon Musk is coming close to earning the first $346 million tranche of options in a record-breaking pay package, after the electric vehicle maker's stock more than...