India is the fifth-largest auto market in the world with yearly sales of over 3 million vehicles. India is also home to some of the world’s deadliest roads. Road transport ministry will rate cars from one to five stars, starting in April 2023. A safety rating system for passenger cars is being implemented in India … Read more
Toyota Motor Corp (7203.T) will recall 2,700 of its first mass-produced electric vehicles for the global market. Japan’s safety regulator said sharp turns and sudden braking could cause a hub bolt to loosen. Toyota Motor Corp (7203.T) said on Thursday it would review 2,700 of its most memorable efficiently manufactured electric vehicles (EVs) for the … Read more
Only two of the world’s 12 largest automakers plan to produce enough electric vehicles by 2030 to meet the Paris Agreement’s climate goals, experts said Wednesday. According to Influence Map, a research NGO that evaluates corporate climate goals and policies, more than half of all new vehicles coming off production lines in 2029 would need … Read more
The Federal Reserve said Tuesday that US industrial output increased in April, owing to the ongoing expansion of auto manufacturing. According to the data, total industrial production grew 1.1 percent in April, the fourth straight monthly increase — and double what analysts expected — while motor vehicle output increased 3.9 percent. US industry, including automakers, … Read more
SEOUL: South Korean automakers’ global car sales logged a double-digit fall in October, owing to the supply disruption of semiconductors, industry data showed on Monday. Five domestic carmakers, including Hyundai, Kia, Renault Samsung, GM Korea and Ssangyong, sold a total of 548,192 vehicles at home and abroad in October, down 22.2 per cent from the … Read more
Chinese tech giant Huawei has announced that it will help the automakers with its new smart components but, the company is not interested in making cars. Last year Chinese tech giant has announced its growth, where it revealed that its modest growth of 3.2 percent of net profits in 2020. The firm also addressed the … Read more
United States Automobile Factories are likely to be closed for another two weeks amid the coronavirus also known as Covid-19 pandemic. Media report said Detroit Automobile Factories employ about 150,000 factory workers mainly in the industrial Midwest. This move probably means that factories of all three Detroit automakers will halted for at least another two … Read more
