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…]
BorgWarner’s President and Chief Executive Officer James R Verrier was honored as an EY Entrepreneur Of The Year 2014 winner in the automotive category in the Michigan and Northwest Ohio region during a ceremony held recently in Detroit. Selected by an independent panel of judges made up of previous award winners such as leading CEOs, private capital investors and other[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…]
The BMW Group sold more than a million vehicles in the first half of 2014, more than ever before in the first six months of the year. A total of 1,020,211 vehicles were delivered to customers worldwide, an increase of 6.9% over the same period last year (954,501). Sales in June also reached an all-time high: deliveries increased 4.8% with[Read More…]
Haas Automation, the largest CNC machine tool builder in North America, has partnered with Scuderia Ferrari, the most successful team in the history of Formula One. Beginning with the 65th British Grand Prix at Silverstone, Haas Automation is featured on the lower side-pods of the Ferrari F14 T piloted by championship-winning drivers Fernando Alonso and Kimi Räikkönen. Haas Automation branding[Read More…]
One of the next steps on the way to perfect electric drive and plug-in hybrid vehicles is wireless charging. Daimler and BMW have now agreed on jointly developing and implementing one common technology. Wireless charging of the battery will make the handling of electric drive and plug-in hybrid vehicles even easier. Mercedes-Benz will commence fleet testing of this “unplugged” technology with[Read More…]
International automotive supplier Continental has been producing Electronic Brake Systems (EBS) for 30 years now. Two other milestones will occur this year: the 100 millionth EBS unit will roll off the assembly line in Frankfurt, which will also be the 250 millionth unit manufactured worldwide. “Electronic brake systems have been enhancing safety since 1984. They stabilise cars by assuming braking[Read More…]
