Page 23 - Automakers

Honda recalls more than 628,000 US vehicles to replace fuel pumps

The recall covers much of the Honda and Acura model lineup from the 2018 to 2020 model years including the CR-V small SUV, the company''s top-selling U.S. vehicle

Hyundai Motor Company to close for a week due to semiconductor crisis

As the global automobile industry began to cut production due to the lack of automotive semiconductors, Hyundai Motor Company was also unable to avoid production disruptions

Chinese automaker Great Wall Motor plans hydrogen fuel-cell SUV model

Great Wall Motor will roll out its first hydrogen fuel-cell sport utility vehicles and launch a fleet of 100 hydrogen heavy trucks this year

Buffett-backed Chinese electric vehicle maker BYD profit up 162% in 2020

The firm on Monday reported a 162% growth in 2020 net profit

Hyundai mulls suspension of production at key plant on chip shortage

The possible suspension comes amid a lack of semiconductor parts used in the Kona subcompact SUV's front vehicle camera system

Mercedes-Benz rolls out A-Class limo to woo first-time luxury buyers

The A-Class launch is one of the 15 models Mercedes plans to launch this calendar year as it seeks to consolidate its leadership position in a market that has been stuck in the slow lane.

Nissan India to increase vehicle prices for all models from April

The price hike is effective from April 1

Luxury carmaker Audi launches new version of S5 Sportback at Rs 79.06 lakh

The new Audi S5 Sportback comes with features such as a flat-bottomed steering wheel, sport front seats, virtual cockpit plus

Scrappage plan has sops for buying new vehicles, pain for driving old ones

Policy will increase business, employment and reduce pollution, says transport minister

IOC, Israeli firm form JV to to manufacture metal-air batteries for EVs

Indian Oil Corporation and Israeli battery developer Phinergy on Wednesday formalised a joint venture to manufacture ultra-lightweight metal-air batteries for electric vehicles (EVs)

Ford partners with University of Michigan on robotics research, building

In November, Ford revealed plans to transform a long-vacant Detroit book warehouse into a hub for automobile innovation

Steel shortage from Posco may force automakers to suspend production: SIAM

Auto industry body SIAM on Monday said supply shortage of steel from Posco's Maharashtra-based plant could lead to suspension of production at various facilities of leading companies. Raigad-based manufacturing plant of South Korean steel major Posco is one of the major suppliers of steel in the industry. It is currently facing labour issues that have resulted in the disruption of supply to some of the leading automakers in the country. "Disruptions in supplies from Posco Maharashtra Steel has resulted in non-availability of steel for some of the major Auto OEMs," Society of Indian Automobile Manufacturers (SIAM) Director General Rajesh Menon said in a statement. As per industry sources, auto companies such as Maruti Suzuki, Hyundai Motor, Kia Motors, Tata Motors and Mahindra & Mahindra source steel from the Posco plant. There have been no despatches of steel since March 4 except for one day, wherein some trucks loaded with steel and held up outside the factory premises were ...

Rolls-Royce plunges to worse-than-expected $5.6 billion loss

On an underlying pretax basis, Rolls posted a loss of 4 billion pounds, worse than the 3.1 billion pound loss forecast by analysts

Junk your old car and get 5% rebate from automakers on new buy: Gadkari

There is good news for consumers who are going to junk their old vehicles

General Motors looking to build 2nd US battery factory, Tennessee likely

The firm says it's looking for a site to build a second US battery factory with joint venture partner LG Chem of Korea

Suzuki Motor charges up for EVs, spells out strategy for the first time

The Japanese auto major spells out its strategy for the first time and puts its India subsidiary at the centre of its plans

Tough eligibility may limit benefits to large cos under PLI for auto sector

The government will soon come out with detailed scheme to offer production linked incentive (PLI) to automobile and auto components industry

Expect double-digit volume growth in next 6 months on low-base effect: HMSI

Honda Motorcycle and Scooter India (HMSI) expects to log in double-digit volume growth in the ongoing quarter as well as April-June period of the next fiscal year

Auto sales stay in the fast lane in February, but industry cautious

Automakers say further hike in fuel prices could dent consumer sentiment

Royal Enfield sales increase 10% in February at 69,659 units

The company had sold 63,536 units in the same month last year