Nissan,on 25 July, announced the appointment of Antonio Zara, currently Managing Director, International Sales of General Motors Korea, as President and Managing Director of Nissan Philippines, Inc. (NPI), effective August 1, 2014. (Zara’s official inauguration will be after the Board of Directors Meeting in August.) Zara, a Filipino national, brings extensive automotive experience in sales, service, and marketing to[Read More…]
Daimler Financial Services India Pvt. Ltd. (DFSI), a 100% subsidiary of Daimler AG celebrates its 3rd anniversary in India. DFSI offers a full range of financing and insurance solutions to dealers & customers of Mercedes-Benz India & Daimler India Commercial Vehicles. It is the only captive financial services provider offering an Operating Lease solution to customers in the premium car segment.[Read More…]
The BMW Group and Samsung SDI plan to expand their supply relationship for battery cells for electro-mobility. The two companies signed a memorandum of understanding (MoU) to this effect today in Seoul. Samsung SDI will supply the BMW Group with battery cells for the BMW i3, BMW i8 and additional hybrid models over the coming years. The most important elements[Read More…]
The Volkswagen Passenger Cars brand wins the National Energy Globe Award Germany for its holistic environmental program “Think Blue. Factory.” Earning particular recognition was its eco-friendly use of resources in production. With the Austrian Energy Globe Foundation as its patron, the award allows outstanding projects from all over the world with a focus on conserving resources, energy efficiency and using[Read More…]
Volvo Cars’ all-new XC90 will offer an unrivalled combination of power and clean operation when it is launched later this year. The all-wheel drive seven seater offers drivers up to 400 horsepower but with carbon dioxide (CO2) emissions of around 60 g/km (NEDC driving cycle). There has never been an SUV offering this level of power this cleanly. “There[Read More…]
The much awaited Union Budget of the newly-elected government was tabled in the Parliament this morning. Though there was big bang announcement the Budget has attempted to address several issues including some raised by the auto industry. The major announcement is the increasing the FDI limit in insurance and defence from 26% to 49%. As the government has already announced[Read More…]
Ingenium, the new family of premium diesel and petrol engines designed, engineered and manufactured by Jaguar Land Rover, delivers class-leading levels of torque, horsepower and refinement while reducing emissions and fuel consumption. The company on 9 July revealed more of the technical details of these new lightweight, compact low-emissions modular engines as it showcased some of the company’s future technologies.[Read More…]
Cutting-edge technology is being pioneered by researchers at Jaguar Land Rover to develop a truly intelligent self-learning vehicle that will offer a completely personalised driving experience and help prevent accidents by reducing driver distraction. Using the latest machine learning and artificial intelligence techniques, Jaguar Land Rover’s self-learning car will offer a comprehensive array of services to the driver, courtesy of[Read More…]
A total of 3.07 (January-June 2013: 2.95) million vehicles were handed over to customers worldwide, representing an increase of 3.8%. Volkswagen Passenger Cars delivered 514,900 (June 2013: 509,200; +1.1%) models in the month of June. “Developments at Volkswagen Passenger Cars in the first half year were stable thanks to the brand’s convincing model range. The Golf in particular continues to[Read More…]
Ashok Leyland Ltd, flagship of the Hinduja Group, has raised Rs 667 crores via a Qualified Institutions Placement (QIP). The capital raising comes on the back of a strong operating margin performance in Q4 – reflecting cost reduction and margin improvement measures, as well as the expectation of a turnaround in the domestic CV market. The QIP, launched on 26th[Read More…]
