General Motors on Thursday revealed the first in a series of Cadillac electric vehicles, part of a bid to revamp the flagging luxury brand and make inroads in a market so far dominated by electric automaker Tesla. The Cadillac Lyriq, an all-electric mid-size SUV, is set to start US production in 2022. Shortly before that, production will start in […]
Determining liability in a car accident involving multiple vehicles
With approximately 300mln vehicles driven on the roads of America, car crashes are bound to happen. According to statistics, the US each year suffers from an estimate of 40,000 fatal car accidents. Car crashes commonly occur when two vehicles collide; however, these accidents can also involve more than just two cars. Such a collision is […]
Kia Sonet SUV premiered, to be offered with three engine options
Kia Motors has revealed its sub-compact SUV Sonet in a world premiere on Friday. The car will be offered with 3 engine options of 1.2-litre petrol, 1.0-litre turbo petrol, and the 1.5-litre turbo diesel. These engines can either be used with a 5-speed manual transmission or the 6-speed DCT or the all-new 6-speed iMT gearbox. […]
Mitsubishi Motors Chairman Osamu Masuko quits, citing health concerns
Mitsubishi Motors Chairman Osamu Masuko is leaving his post due to health reasons, just as the Japanese automaker’s alliance with Nissan Motor and Renault is being shaken by declining profits. Chief Executive Officer Takao Kato will temporarily assume the role of chairman from Friday, Mitsubishi said in a statement. Masuko will continue to be a […]
Mopeds are having a moment in the US amid coronavirus crisis
A long relationship with narrow, cobbled streets in Europe and congested Asian megacities, scooters are now becoming a general attraction in the car-loving US as commuters avoid public transport due to the coronavirus crisis. New Yorkers turned to the turquoise-blue rental mopeds of ride-sharing company Revel in large numbers in recent times, while scooter retailers are […]
PSA’s Free2Move can now seek to look for new investors, says CEO
Free2Move, the car rental and car-sharing business developed by PSA Group, now has the capacity to begin to seek new outside investors, its chief executive Brigitte Courtehoux said. Started as a brand in 2016, the business became a fully-fledged legal entity within the Peugeot owning-group previous week. It provides a range of so-called mobility services, […]
BMW loses nearly $800 million as sales decline during lockdowns
BMW expects to earn a profit this year if demand continues to recover, despite posting a record loss for its auto division in the second quarter after sales declined 25% because of the coronavirus lockdowns, it stated on Wednesday. The German manufacturer of BMWs, Minis, and Rolls-Royces said sales had started to recover during the […]
Japanese automakers post double-digit sales growth in China
Japanese automakers’ China sales increased by over 10% from a year earlier in July as the world’s biggest auto market showed some recovery amid coronavirus crisis. Nissan Motor said on Wednesday its sales in China increased 11.6% last month from a year ago to 120,945 vehicles. China is a market that Nissan is concentrating on […]
Honda sees 68% decline in annual profit due to coronavirus
Japanese automaker Honda Motor on Wednesday forecast a 68% decline in annual operating profit to a 10-year low with worldwide demand for cars expected to slide due to the coronavirus crisis. The country’s No. 3 automaker expects profit to decline to 200 billion yen ($1.89 billion) in the year to end-March 2021, its weakest since […]
New Ford CEO Jim Farley eyes expansion into tech fields
Ford Motor incoming CEO Jim Farley said on Tuesday he wants to expand the automaker’s operations into relevant technology fields, including software, fleet management, and electric vehicle charging. “These are new growth initiatives that could create a lot of value for the company,” Farley informed Reuters, after the automaker announced that he will succeed Jim […]
Ferrari’s orders accelerate after coronavirus hit to full-year outlook
Ferrari has trimmed its full-year earnings forecast on Monday following the decline in second-quarter income of about 60% because of the impact of the coronavirus crisis but said orders were “very strong,” sending the luxury automaker’s shares increased almost 4%. Chief Executive Louis Camilleri informed analysts that last quarter’s order book was up double digits […]
General Motors asks judge to reinstate racketeering case against Fiat
General Motors on Monday asked a U.S. federal judge to reinstate a racketeering lawsuit against Fiat Chrysler Automobiles (FCA), saying it has new details on foreign accounts used in an alleged bribery scheme involving its smaller competitor and union leaders. In its filing to U.S. District Judge Paul Borman, GM says the scheme, which it […]
U.S. auto sales recovery continues as Toyota posts lowest decline this year
U.S. new vehicle sales in July continued to show indications of recovery from the coronavirus pandemic, as Toyota Motor on Monday published its lowest sales reduction since the coronavirus crisis damaged the sector in mid-March. The Japanese automaker informed that its sales in July fell 19% versus the same month in 2019, to 169,484 units. […]
Volkswagen South Africa boss Schaefer named chairman of Skoda
Volkswagen’s Czech automaker Skoda Auto named VW’s South Africa boss Thomas Schaefer as its new chairman on Monday as part of a broader shake-up at the automaker. Schaefer is taking the position of Bernhard Maier, who left the Czech automaker last month after almost five years during which he led the 125-year-old Skoda to record […]
Maruti Suzuki sees increase in first-time buyers and additional purchase
The percentage of first-time buyers and additional vehicle buying have boosted in the midst of the coronavirus crisis as customers prefer personal mobility over public transport, a senior official of Maruti Suzuki India said. The company also believes that while auto sales have increased in July, the outlook for the festive season will depend on how the coronavirus […]
