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Hyundai Motor pips Volkswagen to become world's 2nd-largest automaker

Hyundai Motor pips Volkswagen to become world's 2nd-largest automaker

Thu, Nov 07, 2024

In terms of operating profit alone, Hyundai Motor Group ranked second among global competitors after Toyota Group.

Samvardhana Motherson: Volkswagen warns to close plant in Germany

Samvardhana Motherson: Volkswagen warns to close plant in Germany

Tue, Sep 03, 2024

Samvardhana Motherson: Volkswagen warns to close plant in Germany. A big step related to cost cutting by Volkswagen. 9% revenue share from Volkswagen in FY24

Auto Roundup | Explore this week's vehicle launches, sales reports, limited editions and other notable highlights

Auto Roundup | Explore this week's vehicle launches, sales reports, limited editions and other notable highlights

Fri, Jul 05, 2024

Auto Roundup: Dive into this week's flurry of automotive updates. Highlights include the debut of the Bajaj Freedom 125, the world's first CNG bike, along with sales reports from auto giants like Kia, Mahindra, Ola Electric, Bajaj, and more. Stay informed with all the crucial automotive news of the week.

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Around 6,000 Swiss Volkswagen owners seek damages in emissions scandal

Around 6,000 Swiss Volkswagen owners seek damages in emissions scandal

Sat, Dec 30, 2017

SKS said it was assuming damages amounted on average to 15 percent of the initial retail price of the vehicles concerned and that, together with insurance companies supporting the legal action, it wanted to give Swiss-based car owners the possibility to enforce their rights without disproportionate financial risk.

Major auto companies offer heavy discounts on New year sale

Major auto companies offer heavy discounts on New year sale

Tue, Dec 05, 2017

These offers came after when the government has decided to push BS-VI fuel which has left plenty of stock with auto dealers with a surplus stock.

Exclusive: Volkswagen in talks to buy stake in Russia's GAZ - sources

Exclusive: Volkswagen in talks to buy stake in Russia's GAZ - sources

Sat, Dec 02, 2017

GAZ is a part of the Basic Element group that holds the assets of Russian businessman Oleg Deripaska. Both GAZ and Basic Element declined to comment, while a spokesman at VW headquarters said he does not comment on market speculation.

Factbox: Automakers get serious about electric cars

Factbox: Automakers get serious about electric cars

Fri, Nov 17, 2017

Europe`s largest carmaker by unit sales will spend more than 34 billion euros ($40 billion) on electric cars, autonomous driving and new mobility services by the end of 2022.

Volkswagen Group to build China electric cars

Volkswagen Group to build China electric cars

Thu, Nov 16, 2017

Volkswagen Group said on Thursday it plans to spend 10 billion euros ($11.8 billion) by 2025 to develop and manufacture all-electric and plug-in hybrid vehicles as it seeks to comply with upcoming stringent rules in China.

Apple, Volkswagen, BMW warn EU over patent fees guidelines

Apple, Volkswagen, BMW warn EU over patent fees guidelines

Thu, Oct 26, 2017

The move comes as the EU executive ponders whether a fridge maker should pay a different rate for crucial patents than a carmaker, or whether a flat, fixed rate would be fairer.

Daimler third-quarter profit falls on diesel costs, special items

Daimler third-quarter profit falls on diesel costs, special items

Fri, Oct 20, 2017

Earnings before interest and tax (EBIT) at the German automotive group plunged 14 percent to 3.46 billion euros ($4.08 billion) in the July-to-September period, Daimler said on Friday, in line with the 3.43 billion-euro consensus forecast in a Reuters poll of banks and brokerages.

Volkswagen targets 3% share in Indian passenger vehicle market

Volkswagen targets 3% share in Indian passenger vehicle market

Sun, Oct 15, 2017

German auto major Volkswagen has set a target to garner 3 per cent share in passenger vehicle segment in India, one of its key future markets, according to a senior company official.

Here's why automobile firms like Mahindra, Ford forge alliances despite several failures

Here's why automobile firms like Mahindra, Ford forge alliances despite several failures

Wed, Sep 20, 2017

Mahindra & Mahindra tied up with Ford Motor to look at a strategic alliance that will help both companies in the Indian as well as global markets

Why Royal Enfield needs to buy Ducati with competition from Bajaj Auto gearing up

Why Royal Enfield needs to buy Ducati with competition from Bajaj Auto gearing up

Sat, Sep 09, 2017

Eicher Motors, Royal Enfield's parent company, stock shot up on Thursday as news of its bid to acquire Ducati went through.

Bidding for Ducati takes Eicher Motors' shares to an all-time high

Bidding for Ducati takes Eicher Motors' shares to an all-time high

Fri, Sep 08, 2017

Media reports have stated that Eicher Motors is set to offer $1.8 billion-$2 billion for Italian motorcycle manufacturer Ducati. This has taken the stock price of the company at an all-time high.

Eicher set to make $1.8 billion-$2 billion binding bid for Ducati

Eicher set to make $1.8 billion-$2 billion binding bid for Ducati

Thu, Sep 07, 2017

German carmaker Volkswagen is considering options for Ducati, including a sale of the brand, wholly controlled by VW`s Audi division.

Tata Motors to invest Rs 4,000 crore into passenger, commercial vehicle segments

Tata Motors to invest Rs 4,000 crore into passenger, commercial vehicle segments

Mon, Aug 21, 2017

Tata Motors to invest Rs 4,000 crore into its commercial vehicle and passenger vehicle segments which will look to boost their sales in the domestic as well as export market.

Seven out of top 10 cars sold in June were Maruti Suzukis; see list

Seven out of top 10 cars sold in June were Maruti Suzukis; see list

Wed, Jul 12, 2017

Maruti Suzuki is the market leader when it comes to car sales in India and June was no different. Data provided by Society of Indian Automobile Manufacturers (SIAM) show that seven out of the top 10 cars that were sold in India in the month of June 2017 belonged to Maruti Suzuki.

US economy slowed less than expected in Q1; outlook cloudier

US economy slowed less than expected in Q1; outlook cloudier

Sat, May 27, 2017

The US economy has slowed less than expected in the first quarter (Q1) and the softening business investment and moderate consumer spending are clouding expectations of a sharp acceleration in the second quarter (Q2).

S&P 500 hits record high after upbeat retail results

S&P 500 hits record high after upbeat retail results

Fri, May 26, 2017

The discretionary index gained 0.9%, while the S&P 500 retail indexwas up 1.6%, its best day since Dec. 7.

Volkswagen launches compact SUV Tiguan in India priced at Rs 27.68 lakh

Volkswagen launches compact SUV Tiguan in India priced at Rs 27.68 lakh

Wed, May 24, 2017

The Volkswagen Tiguan is a compact SUV launched in the premium car segment and is priced at Rs 27.68 lakh.

U.S. preparing to sue Fiat Chrysler over excess diesel emissions

U.S. preparing to sue Fiat Chrysler over excess diesel emissions

Thu, May 18, 2017

The U.S. Justice Department plans to file a civil lawsuit against Fiat Chrysler Automobiles NV over excess diesel emissions as early as this week if no agreement is reached with the Italian-American automaker, two sources briefed on the matter said on Wednesday.

Why Royal Enfield acquisition of Ducati could work for both motorcycle companies

Why Royal Enfield acquisition of Ducati could work for both motorcycle companies

Mon, May 08, 2017

Ducati had official entered the Indian market in March 2015.

Royal Enfield may be looking to acquire Ducati

Royal Enfield may be looking to acquire Ducati

Mon, May 08, 2017

Volkswagen has already hired investment bank Evercore to evaluate the current market value of Ducati.

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