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Ukraine-Russia War

26 Oct 2022

Mercedes-Benz pulls out of Russian market amidst ongoing Ukraine-Russia war

After Nissan, Ford and GM announced to shut their operations in Russia amidst the ongoing conflict between Ukraine and Russia, now Mercedes-Benz has decided to move out of the Russian market.

29 Nov 2021

Global chip shortage pushes carmakers to get inventive, reduce waiting period

Global semiconductor shortage during pandemic has hit the automakers hard Carmakers failing to deliver vehicles on time Manufacturers rethinking production strategies, getting inventive

16 Oct 2017

Tesla fires hundreds over performance issue

According to The Mercury News, Tesla said it regularly conducts annual performance reviews that often result in promotions or bonuses as well as dismissals.

Hyundai Motor Co

20 May 2017

US regulators open probe into recall of nearly 1.7 million Hyundai, Kia models

US safety regulators have opened a formal investigation into the recall of nearly 1.7 million vehicles by Hyundai Motor Co and affiliate Kia Motor Corp over engine defects, according to filings published Saturday.

Toyota Kirloskar Motor

19 Dec 2016

Toyota Fortuner crosses 1 lakh sales milestone in domestic market

Nearly eight year after hitting the roads in India, Toyota Kirloskar Motor's premium SUV Fortrunner has crossed one lakh cumulative sales mark in the domestic market, informed the automaker on Monday.

Mahindra & Mahindra

17 Dec 2016

Mahindra & Mahindra arm forms JV with state-run MSTC for scrapping old automobiles

One of the arms of Mahindra & Mahindra has formed a joint venture with state owned MSTC scrapping of old automobiles and other white goods.

21 Jul 2015

Ford launches deluxe aluminum F-150 pickup

US automaker Ford rolled out a deluxe version of its F-150 aluminum-bodied pickup truck Tuesday, betting on high-end touches as it ramps up production of its most popular vehicle.

16 Jun 2015

Toyota's new class of stock approved despite opposition from foreign funds

About 75 percent of shareholders voted in favour of allowing the new shares, which will be unlisted and must be held for five years.

11 May 2015

Suzuki says profits fell for first time in six years, sees 2015 rebound

Japan`s Suzuki Motor Corp said its annual operating profit fell for the first time in six years, missing its own target, as weak demand at home and Southeast Asia offset hefty currency gains and robust earnings in India, its biggest market.

26 Oct 2014

Tata Motors raises $750 mn in Fx bond sale; gets better pricing

The proceeds from the issue will be used to refinance external commercial borrowings, capital expenditure and for general corporate purposes, the company said.

06 Aug 2014

FIAT reschedules launch of 'JEEP' to 2015

Fiat Group Automobiles India, subsidiary of Fiat Chrysler Automobiles, retails Punto Evo, Linea models.

28 Jul 2014

Nissan April-June net profit jumps 37% to $1.1 bn

The automaker is the first of Japan`s "Big Three" automakers to post their latest earnings, with Toyota and Honda reporting over the coming weeks.

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