Page 68 - Automobile Industry

How idled car factories super-charged a push for US chip subsidies

By Stephen Nellis

Volkswagen expects strong rebound in sales, deliveries in 2021

The group also said its operating profit, stripping out special items related to the diesel scandal, fell 45% to 10.6 billion euros ($12.83 billion) last year

Aston Martin surges as demand for $223,000 SUV brightens outlook

The company plans to produce 6,000 vehicles this year, up from just 3,394 in 2020, with the £158,000 ($223,000) DBX model accounting for much of that output

Hyundai's $900 million recall is a cautionary tale for all EV makers

There's too great a rush to get electric cars to the market. Development must be tempered by care for consumer safety and thought for the consequences to a company's bottom line

US auto sales to rise in February despite weather woes, says report

Retail sales of new vehicles are estimated to reach about 975,600 units in February, a 3.3% increase from a year ago, when adjusted for selling days, the consultancies said

French auto maker Citroën's challenging debut in Indian SUV market

The success of the storied French car brand, which enters the crowded Indian SUV market next month, will depend on its agility and speed to market

TVS Motor Company appoints Timothy Prentice as Vice President for design

Prentice specialises in advanced design planning, and TVS expects his experience in designing high-performance electric vehicles to take its EV line-up design to the next level

India business drives strong Q3 margin performance for Mahindra CIE

The management expects profitability to improve on the back of volumes, cost reduction

Want new factory to make car chips? That'll be $4 billion, please

It takes approximately $4 billion to set up a fab for the types of chips carmakers need

Nissan plans more UK investment as it rolls out green technology

Nissan said in January it would source more batteries in Britain as a result, and on Thursday its Europe boss Gianlucca de Fichy told reporters it planned further investment

Auto part makers shift to top gear as industry's growth accelerates

After being stalled by the economic slowdown and the pandemic, growth is accelerating rapidly for the industry

Factory reset: Bumps galore, but auto hubs breathe easy on sales spike

The first of a four-part series looks at signs of comeback after months of lockdown-linked pain in the automobile cluster

Maruti Suzuki moves up the gears, plans to become an aspirational brand

To that end, it has worked hard on design tweaks and technological upgrades in its models, besides overhauling its retail network in a big way

Tata Motors appoints Marc Llistosella as new CEO and managing director

Llistosella replaces Guenter Butschek whose five year tenure is coming to an end later this month

BMW's latest sedan, 3 Series Gran Limousine, has a limo feel to it

Driving the 3 Series Gran Limo is not a markedly different experience from most other bimmers

GM cites chip shortage for weaker 2021 outlook amid Covid-19 pandemic

GM shares were down 0.3% to $55.89 in premarket trading.

FPIs pumped money into capital goods, auto sectors before Budget

Overseas investors increased exposure to the capital goods space at the right time as the sector got a major boost from the capex-driven Union Budget

Two-wheeler makers plan to resume capital expenditure plans in FY22

This will come as a boost for the government, seeking private sector capex

Bosch says Covid-19 pandemic, chip shortage to weigh on carmakers in 2021

Around 85 million vehicles will roll off assembly lines around the world this year, more than the 78 million units produced in 2020 but still below the 92 million cars produced in 2019

Hit by shortage, Volkswagen demands boost to Europe's chip sector

"We won't produce chips ourselves," Markus Duesmann, Volkswagen's board member in charge of research & development and head of luxury unit Audi, told Reuters