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Porsche-cayenne

Oliver Blume, the CEO of Porsche AG said in an interview with a German magazine that the company would no longer manufacture vehicles with diesel engines which have been known for its gasoline-powered vehicle. The Porsche Cayenne and Macan are popular Diesel powered SUVs sold by the company. In February of this year, the German…

Earlier in the week, Ferrari announced plans of launching two limited edition retro-styled supercars which will be called “The Monza.” Inspired by iconic Ferraris from the past, The Monza would come in two configurations, the one-seat and two-seat, called the Monza SP1 and Monza SP2, forming a pair of open-topped supercars. Both the Monza SP1…

Heycar, a platform for used cars which was started by Volkswagen last year has sold 20 percent of its stake to the auto giant Daimler,  Volkswagen said in a statement on 13th Sept 2018 Neither of the two companies has made the purchase public and Daimler is buying shares of the company through a capital…

Gadkari

The Indian government is rising up its efforts to push eco-friendly transportation in the country. The transport ministry has decided to do away with permits for electric vehicles and automobiles that run on alternative fuels. On Friday 7th September, Nitin Gadkari, the transport minister of India said in a statement,  “India has decided to exempt…

EQC

On Tuesday 4th September, Daimler AG, a German auto giant, aimed to have 10 electric vehicles by 2022, the automakers CEO reiterated. This came at the same time when the auto giant unveiled its all-new Mercedes electric SUV. Dieter Zetsche spoke to the media in Stockholm right after the launch of the Mercedes EQC, the…

toyota

Toyota, a Japanese auto giant revealed an estate version of the new Corolla the highest selling vehicle to date. Corolla is set to replace the Auris 2019 and would have the best in class leg room and a massive 598 liters of boot space. The Touring Sports come with fully flared wheel arches and rare…

Ford Lincoln dealerships

As per the report from Sunday time, the American automobile giant Ford Motor Co. may cut around 24,000 jobs. The automaker is about to stop production of models like the Mondeo while it tries to revive its business in Europe. The second largest automaker in the US had loss of amounting to $73 million between…

bugatti-divo

Bugatti, the French hypercar maker which is owned by Volkswagen Group, unveiled its Divo supercar. The Divo was unveiled on Friday 24th August in Monterey, California for a whopping $5.8 million. The automaker showcased the car to only a few of its Bugatti customers and only 40 of its Divo model would be ever produced.…

kia motors announcement

Earlier in the day, Monday, 27 August 2018, the labor union of South Korea’s No. 2 ranked automaker, Kia Motors Corp., announced a tentative labor deal for the upcoming year, 2019, has been agreed between them and the company’s unionized workers, thus concluding a three-month negotiation. According to the labor union, nearly a third of…

Getaround

On Tuesday, August 21st, a San Francisco based car-sharing startup Getaround Inc. raised around $300 million by Softbank Group Corp, a Japanese Conglomerate.    As per the statement from Getaround, Softbank led this round of funding with Toyota Motor Corp. and some other investors. Getaround Inc.has its car-sharing service in San Francisco, Washington and Chicago…

Graph down

Earlier in the day, August 16th, data released by the Ministry of Finance (MOF) showed that exports have risen by 3.9 percent year-on-year for the month of July. Significantly below the expected 6.3 percent increase by economists in a Reuters poll. The rise for the month of July follows a 6.7 percent year-on-year gain for…

BMW announcement

Earlier in the day( August 14th), it was reported by Reuters that the Transport Ministry of South Korea will be imposing a ban on nearly 20,000 BMW (BMWG.DE) vehicles from the streets due to growing public concerns of engine fires. South Korea’s Transport Ministry was forced to implement a driving ban as reportedly 27 engines…

Ford Lincoln dealerships

Ford Motor Co. published its July 2018 sales figures showing a 3.1% drop in overall sales. It was worse than what the market was expecting and more than half of what analyst Edmunds had estimated. Due to low gas price, improving economy and the change in the customers' demands, Ford truck sales continued to remain…

President trump on Harley

Earlier on Sunday, August 12th, President of the United States of America, Donald Trump launched a fresh attack against the iconic U.S. motorcycle maker Harley Davidson, by disparaging the motorcycle maker's plan to shift some of its production unit abroad. President Trump’s tweet also looked to be in support of consumers that have called for…

Japan's Ministry logo

Earlier in the day on August 9th, Japan’s transport ministry announced that Yamaha Motor, Mazda Motor, and Suzuki Motor have been conducting improper fuel economy and emissions tests on their vehicles. Normally known for its high-quality and efficient production, the image of Japan’s manufacturing industry has recently come under severe scrutiny and this latest announcement just…

chinese-flag-and-car

On Wednesday, Ford stated that it would launch an entry-level SUV for China in early 2019. Ford would develop the SUV jointly with a local partner and the company plans to grow its business in the world biggest automobile market. Ford Motors and Jiangling Motors Corp. would develop the Ford Territory which would be available…

volkswagan vw

Earlier in the week The Volkswagen group officially went on to confirm the news that it may have to recall nearly 124,000 electric and hybrid cars from its VW, Audi, and Porsche brands. The reason behind this recall is due to poisonous cadmium finding its way into a charger component of the above-mentioned car brands. According…

To meet the growing customer demand in South Korea, Hyundai Motor Co. launched a facelifted version of its Tucson sports utility vehicle(SUV), the automaker said on Tuesday. The automaker said in a statement, the Tucson facelift comes in three variants, one with a gasoline motor and two with a diesel motor. The gas variant comes…

Car Imports

According to the data from China Automobile Dealers Association (CADA), Chinese car imports have fallen by 87.1 percent in June from the previous year to 15,000 vehicles. Automakers have delayed the shipments before tariff cuts on vehicles manufactured outside China. On Monday, the data from CADA also showed that the sales of foreign-made vehicles fell…

Daimler and Smart

Earlier in the previous week, Daimler AG announced that it has begun preparations to manufacture battery-powered Smart cars in China along with a local partner. Sources close to the matter say that the German luxury-car maker has announced this move in a bid to boost sales of the tiny-car brand in cities all over the world…

Porsche Dealer

Porsche AG has seen a strong increase in profit, revenue, vehicle deliveries, and employees despite the economic and political challenges in the first half of 2018. There was one percent increase in operating result to $ 2.54 billion (EUR 2.2 billion), a four percent rise in revenue to $14.24 billion (EUR 12.3 billion) and 17.5%…

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