The depreciation of the Renminbi has led to a jump in import costs. On Friday, U.S. electric vehicles maker Tesla Inc stated, it has raised the price of some of its models in China. The development comes in the wake… Read More ›
SUV
Ford to invest $50 million in Chicago plant for assembling hybrid electric SUVs
The plant, which currently modifies vehicles for police use, will be upgraded and the existing work will be transferred to a nearby facility. 450 jobs will be created by this move. In a statement Ford Motor Co said, it would… Read More ›
GM’s $1billion investment in Missouri is contingent on receiving state incentives
The incentive package sought by GM will require clearance from the state’s legislature. According to state officials from Missouri, General Motors Co is weighing its options of investing $1 billion in its assembly plant in the state, where it currently… Read More ›
Tesla plans on ramping up production of Model Y
Tesla will use its Gigafactories in Nevada, U.S. and that in China to produce Model Ys. Producing locally to serve domestic consumers will significantly mitigate risks of import tariffs imposed by the United States and China in their trade wars…. Read More ›
SUV & pickup trucks drive U.S. auto sales in August
Ford and Toyota, the second and the third largest automaker in the U.S. have reported a surge in SUV and pickup truck sales. Ford Motor Co, the second biggest automaker in the United States, has reported an almost 4.1% rise… Read More ›
China-based Lynk & Co to piggybacking on Volvo to launch its brand of cars
The strategy to gain valuable experience from Volvo’s assembly line before launching its own production in its plant is likely to be a strategic decision taken by Lynk & Co and taps strategic resources – China’s financial clout, the strength… Read More ›
Hyundai Motor mulling U.S. production of pickup truck and SUV: Seoul Economic Daily
Hyundai Motor is yet to take a final call on producing the pickup truck and SUV in Alabama. On Friday, Seoul Economic Daily reported, Hyundai Motor Co intends to build its Kona and Tucson sport utility vehicles (SUV) and pickup… Read More ›
Kia Motors hires Pierre Leclercq as its lead designer
Leclercq has worked earlier for a Chinese company, and he knows the kind of designs the Chinese prefer. In a move aimed at reversing its fortunes in China, Kia Motors Corp has hired former BMW designer Pierre Leclercq as head… Read More ›
Ford to launch 5 new SUV models by 2020
Next year, in 2018 Ford will launch a refreshed version of the Ford Explorer SUV. As per a top executive from Ford Motor Co, the industry wide sales of SUV is likely to continue on its upward swing in the… Read More ›
Hyundai Motor preparing new platform for EVs
The company has a global market penetration of 1% in the EV segment. With the new platform it is targeting a market presence of 24% by 2025. In a strategic development for Hyundai Motor Co, an executive from the South… Read More ›
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