Automotive dealerships grappling tough times, says ICRA survey

ICRA, an independent and professional investment Information and Credit Rating Agency states that automobile dealerships across India continue to face tough times. As if the demand slowdown due to macroeconomic chal...

BorgWarner completes acquisition of Delphi Technologies

BorgWarner Inc has announced it has completed its acquisition of Delphi Technologies. The combination of BorgWarner and Delphi Technologies is expected to strengthen BorgWarner’s electronics and power electronics pr...

Tata Power, Tata Motors sign PPA to commission India’s largest carport at Pune

Tata Power, India's largest integrated power utility has achieved a new milestone by signing a Power Purchase Agreement (PPA) with Tata Motors to commission India’s largest carport. With 6.2 MWp capacity, the projec...

Tata Motors rolls out 1000th Nexon EV

Tata Motors announced a significant milestone in the electric vehicle (EV) domain by rolling out the 1000th Nexon EV from its plant in Pune.

Honda Amaze crosses 4 lakh cumulative sales milestone in India

The Honda Amaze sedan from Honda Cars India has cumulatively sold 4 lakh units since its first introduction in the country in 2013. The Amaze, now in its second-generation, is currently Honda’s largest selling model...

 Vikram Pawah to head BMW Group in India as well as in Australia

Vikram Pawah has been appointed as the President of BMW Group India effective August 1, 2020 along with his present role as Chief Executive Officer of BMW Group Australia and New Zealand.

GWM, Maharashtra govt sign MoU; Commits US $ 1 billion investment in India

Great Wall Motor (GWM), a global SUV manufacturer based in China has signed an MOU with the Maharashtra government to set up a state-of-the-art automotive manufacturing facility in Talegaon, committing an investment...

Polaris India appoints Lalit Sharma as new Country Manager; Pankaj Dubey moves on

Pankaj Dubey, who was at the helm of affairs of Polaris India Pvt. Ltd, a wholly-owned subsidiary of Polaris Inc., since its inception for around 10 years, has moved on to pursue other career opportunities. In his p...

BMW Group India CEO Rudratej Singh (46) passes away

Rudratej Singh (46), President and Chief Executive Officer, BMW Group India passed away on April 20, 2020. The cause behind the sudden and unexpected demise is yet to be ascertained, the company said in a press rele...

Toyota Kirloskar sells 8022 units in March 2020

Having successfully liquidated all its BS4 stocks even at the dealership level, TKM sold a total of 7023 units of BS6 vehicles to its dealers (wholesales) in the month of March 2020. To lessen the burden on its deal...

Honda Cars India March 2020 growth slumps (-) 78.50% at 3697 units

Honda Cars India Ltd. (HCIL) registered its annual domestic sales of 102,016 units during FY 2019 – 20. The company’s monthly sales stood at 3,697 units in March 2020. The company had sold 183,808 units during FY 18...

Tata Motors sells 5676 units of passenger vehicles, degrowing  (-) 68 per cent

Like all vehicle manufacturers in the country, Tata Motors too posted miserable sales for its passenger vehicles for the month of March 2020. The company sold 5676 units as compared to 17810 units in March 2019. Thi...

MG Motor India registers sale of 1518 units in March 2020

MG Motor India announced that it has recorded a total retail sale of 1518 units in March 2020. This includes 116 units of ZS EV, the country’s first pure electric internet SUV, and 1402 units of the Hector.

Tata Motors spins off PV, EV businesses into new subsidiary

Tata Motors Ltd (TML) has spun off its passenger vehicles (PV) as well as its electrical vehicle (EV) business into a separate subsidiary. The TML Board has approved a plan to make the company’s PV as well as EV bus...

Indian auto industry stares at Rs 48,300 crore loss for 21 days closure of plants

The auto industry will be very adversely impacted by the ongoing COVID-19 crisis. The shutting down of plants temporarily by all auto OEMs and component manufacturers across the country will trigger a loss of more t...

SIAM President urges OEMs, component manufacturers to shut plants

Rajan Wadhera, President, Society of Indian Automobile Manufacturers (SIAM) has urged both the OEMs as well as auto component companies to shut their plants in the light of the grave situation arising out of the spr...

Auto Industry hit by coronavirus fears, as companies worldwide halt production

The global auto industry is in a recession, while the Indian auto industry has been bombarded with woes of its own. And to make matters worse for everybody, the coronavirus fears have now forced several companies to...

Honda Cars India temporarily suspends production operations in Greater Noida, Tapukara

In view of the escalating COVID-19 situation and to ensure safety and well-being of all its associates, Honda Cars India Ltd. has informed its associates and suppliers that production operations at both its manufact...

Great Wall Motor expands to Thailand, coinciding with India debut

Post its India debut, Great Wall Motor (GWM) is expanding its global footprint by signing an agreement for the purchase of General Motors’ manufacturing facility in Rayong, Thailand. This announcement is subject to ...

Valeo Group appoints Jayakumar G as India Group President, MD

Valeo, the global automotive technology supplier has appointed Jayakumar G as the India Group President and Managing Director. Jayakumar is currently the Managing Director of Amalgamations Valeo Clutches Private Lim...

Honda 2Wheelers India cumulative exports cross the 25 lakh units

Honda Motorcycle & Scooter India (HMSI) (Honda 2Wheelers India) has recorded cumulative exports of over 25 lakh units in its 19th year of operations. Honda 2Wheelers India started exports from India in 2001 with its...

Mahindra announces further leadership changes

After the company announced some major board level changes and other high level management changes on December 20, 2019, Mahindra & Mahindra has now announced further leadership changes.

Anand Mahindra, Dr Goenka part of top M&M management restructuring

Anand Mahindra will take on the role of Non-Executive Chairman of the Board of Mahindra & Mahindra Ltd with effect from April 1, 2020. Dr. Pawan Goenka will be re-designated as Managing Director and CEO of the compa...

FCA India wins India’s highest Award for Quality Excellence from government

FCA India has announced that Fiat India Automobiles Private Limited (FIAPL), its world class manufacturing joint venture in Ranjangaon, near Pune, has won the Platinum Trophy in the ‘Large Enterprise’ category at th...

Auto Expo- The Motor Show 2020 begins Feb 7-11, 2020

Auto Expo, the biggest extravaganza and much-awaited event, a true representation of India’s automotive industry, is slated to kick-start the excitement of Auto Expo – The Motor Show2020 from February 7 to 11, 2020 ...

Mahindra Two Wheelers Europe to acquire 100pc Peugeot Motocycles

Mahindra Two Wheelers Europe, a subsidiary of Mahindra & Mahindra Ltd. (M&M Ltd), will be acquiring all outstanding shares in Peugeot Motocycles (PMTC), taking its share to a complete 100pc. Peugeot Motocycles, a ma...

Rakesh Srivastava is new Managing Director of Nissan India

Nissan announced the appointment of Rakesh Srivastava as Managing Director, Nissan Motor India Pvt. Ltd (NMIPL), reporting to Sinan Ozkok, President of Nissan India Operations.

Gadkari leaves behind a belligerent tone and assures auto industry

For Union Minister Nitin Gadkari, it’s been a journey from taking on a confrontationist attitude to one of being benign and accommodating. At the 59th Annual Convention of the Society of Indian Automobile Manufactu...

FADA hosts 2nd Auto Retail Conclave

The Federation of Indian Automobile Dealer Associations (FADA) at its 2ndAuto Retail Conclave expounded the support of the Ministry of Road Transport, Government of India, in achieving transparency in vehicle regis...

Automobile market has not responded till now to FM’s incentives, says SIAM President

The Society of Indian Automobile Manufacturers (SIAM) President Rajan Wadhera has said in a press release that the sales report coming out from various companies for the month of August 2019 has been very dismal wit...

Tata Motors passenger vehicles sales dip 58 per cent at 7316 units for Aug 2019

Tata Motors passenger vehicles sales dipped by a massive (-) 58 per cent with total sales at a mere 7316 units in August 2019 as compared to 17,351 units in August 2018. For the latest fiscal April to August 2019, t...

Honda Cars India registers degrowth of 51pc in domestic sales in Aug 2019 at 8,291 units

Honda Cars India Ltd. (HCIL) registered monthly domestic sales of 8,291 units in August 2019 whereas the number of export units stood at 227. The company had sold 17,020 units in domestic market in August 2018. The ...

Goodyear new range of tyres for cars & SUVs

Goodyear India has launched two new products Assurance DuraPlus 2 and Wrangler AT SilentTrac for the Indian market. Assurance Duraplus 2 range of tyres are designed for small-to-mid-sized passenger cars and Wrangler...

Varroc to acquire 74% stake in CarIQ, a leading Telematics solution provider

Varroc Engineering Limited, a global Tier 1 auto component manufacturer, has agreed to acquire 74% stake in the Pune-based CarIQ Technologies, a leading integrated connected vehicle solution provider to OEMs, fleet ...

Suzuki Motorcycle India bucks sliding trend and grows 18pc in July 2019

While the entire automobile industry sales have taken a severe beating in July 2019, Suzuki Motorcycle India bucked the sliding sales trend and registered an 18 per cent sales growth in July 2019.

Honda Cars India registers 48.67pc drop in domestic sales at 10,250 units in July 2019

Honda Cars India Ltd. (HCIL) registered monthly domestic sales of 10,250 units in July 2019. The number of export units stood at 334 last month. The company had sold 19,970 units in domestic market in July 2018. Thu...

Kevin Flynn appointed as Managing Director of FCA Australia

FCA India has announced that Kevin Flynn, President and Managing Director, FCA India has assumed responsibility for the position of Managing Director of FCA Australia, effective Aug 1, 2019.

Auto industry hails GST reduction on electric vehicles

Society of Indian Automobile Manufacturers (SIAM) welcomed the government’s decision to reduce the GST rate on electric vehicles from the present 12% to 5%.

MG partners with Fortum to set up 50 KW DC fast-charging EV stations ahead of EZS launch

As part of its commitment towards sustainable mobility, MG Motor India and Fortum Charge & Drive India have undertaken the first step towards creating DC Fast Charging infrastructure (50 KW) in the country.

Rudratej Singh appointed President & CEO, BMW Group India.

Rudratej Singh has been appointed as the President and Chief Executive Officer of BMW Group India effective 1 August 2019. Rudratej ‘Rudy’ Singh brings more than 25 years of experience and has held multiple leadersh...

Mahindra acquires 11.25% stake in Swiss agri-tech firm Gamaya for Rs 30.04 crore

Mahindra & Mahindra’s Farm Equipment Sector (FES), a part of the Mahindra Group announced an investment of CHF 4.3 million (US$4.3 million- Rs 30.04 crore approx.) for an 11.25% stake in Switzerland based agri techn...

Mercedes-Benz appoints Santosh Iyer as the Head of Sales and Marketing for India

Mercedes-Benz India announced an organisational change in its sales and marketing function effective from July 1, 2019. Santosh Iyer, currently Vice President of Customer Service & Corporate Affairs has been appoint...

Government EV targets need to be practical says auto industry

The Indian auto industry is not too happy with the aggressive road map being laid out by the government in bringing electric vehicles into the country. Both the Society of Indian Automobile Manufacturers (SIAM) and ...

Mahindra & Mahindra invests Rs 1000 crore + to ready BS VI engines

The good news is that Mahindra & Mahindra is ready with its BS VI engines across its entire diesel and gasoline portfolio. The entire transition will be costing the company upwards of Rs 1000 crore. With its portf...

Roy Kurian joins Tork Motors as Head, Sales & Marketing

Tork Motors, India’s first electric motorcycle maker, has appointed former Yamaha India Senior Vice President Roy Kurian as head of Sales & Marketing, of its flagship product T6X. Roy will focus on introducing T6X t...

MG Motor India commences commercial production of Hector from Gujarat

MG (Morris Garages) Motor India, part of the mammoth China based SAIC Group, rolled out the first production version of Hector from its state-of-the-art facility at Halol in Gujarat. Hector, MG’s first car in India,...

Mahindra and Ford set to develop a compact SUV

Mahindra Group and Ford Motor Company have taken the next step in strengthening their ongoing strategic alliance in India with a definitive agreement to co-develop a midsize sports utility vehicle (SUV). Under the n...

Ceat appoints Amit Tolani as Vice President – Marketing

Ceat Ltd., a leading Indian tyre manufacturer, has appointed Amit Tolani as Vice President–Marketing.. Tolani will be based out of Ceat’s headquarters in Mumbai and will be responsible for spearheading the marketing...

Toyota, Suzuki announce major global initiatives on new technologies

Toyota Motor Corporation (Toyota) and Suzuki Motor Corporation (Suzuki) have finally elaborated on their plans to work together not only in India but also globally by leveraging each other’s core strengths on electr...

SIAM, CCI, ACMA organise workshop on competition issues in auto industry

Society of Indian Automobile Manufacturers (SIAM) in association with the Competition Commission of India (CCI) and Automotive Component Manufacturers Association of India (ACMA), organised a workshop on competition...

Volvo Cars named as one of the world’s most ethical companies in 2019

Now this is an award that needs to be cherished and respected. Volvo Cars has been recognised by the Ethisphere Institute, a global leader in defining and advancing the standards of ethical business practices, as a ...

Axalta opens its largest refinish training centre in India

Axalta, the world’s leader in automotive refinish coatings and a leading global supplier of liquid and powder coatings, opened its largest and most advanced Refinish Training Centre, spread over 20,000 square feet i...

Honda Cars India commences production of all-new 10th generation Honda Civic

Honda Cars India Ltd. (HCIL) has commenced the production of the all-new 10th generation Honda Civic. The car is being manufactured at HCIL’s Greater Noida plant.

MG Motor India invests Rs 150 crore in new corporate office in Gurugram

MG (Morris Garages) Motor India inaugurated its new corporate headquarters in Gurugram. The commercial space for the new India headquarters, acquired by the company at a cost of Rs 150 crore, will also house the com...

Experts call for policy support to promote auto LPG use

At the Asia LPG Summit held in New Delhi, representatives from the industry discussed possibilities for the use of liquified natural gas (LPG) not only as a cooking fuel but also one that fuels automobiles. Several ...

12th Honda Young Engineer and Scientist’s Award presented

Honda Cars India Ltd. (HCIL) presented the 12th Edition of the Young Engineer and Scientist’s (Y-E-S) Award for 2018-19 to 14 students from India’s premium science and technology institute, the IITs, across India.

Honda 2Wheelers kick-starts National Road Safety Week 2019

Strengthening its commitment for safer mobility, Honda Motorcycle & Scooter India Pvt. Ltd. kick started its National Road Safety Week 2019 (4th February to 10th February 2019) across India. Highlighting the theme S...

Venkatram Mamillapalle is new MD of Renault India from March 1, 2019

Venkatram Mamillapalle will takeover as Managing Director for Renault India Private Limited and Head of Renault Operations in India from Sumit Sawhney, effective March 1, 2019. Sawhney will be moving to a new positi...

Roy Kurian leaves Yamaha Motor India to make a career change

Roy Kurian Sr. Vice President Sales & Marketing has resigned from Yamaha Motor India Sales Pvt. Ltd. with immediate effect. Roy Kurian has decided to pursue opportunities outside of Yamaha Motor India Sales Pvt. Ltd...

Kia Motors commences trial production at Anantapur plant in Andhra Pradesh

Kia Motors has commenced trial production at its manufacturing facility in Anantapur, in the state of Andhra Pradesh. This signifies the completion of construction of the new 536-acre manufacturing facility. It also...

Honda’s National Road Safety Awareness Campaign for college students reaches Delhi

Aiming to build a culture of safe riding habits, Honda Motorcycle and Scooter India Pvt. Ltd. conducted the National Road Safety Awareness Campaign for college students in Delhi. The event was conducted at the Bhart...

Nippon Paint X’press car paint concept centre launched

In an industry first initiative, Nippon Paint, Asia’s leading paint manufacturer has announced the launch of Nippon Paint X’press, its unique car painting and car care centre concept in India. The first Nippon Paint...

Kia hands over vehicle fleet for Australian Open 2019; Ties up with Yes Bank in India

Kia Motors Corporation has supplied a fleet of vehicles for the Australian Open 2019, marking the 18th consecutive year of Kia’s role as the major sponsor for the Grand Slam of the Asia-Pacific. The official vehicl...

Rear seat belt usage among Indian car occupants is dismal, reveals Nissan-Save LIFE study

A new research report by Nissan India and Save LIFE Foundation brought attention to the startling number of Indians compromising their own but also their children’s safety. Released by Nitin Gadkari, Union Minister ...

Devashish Handa is VP, Sales, Marketing at Suzuki Motorcycle India

Suzuki Motorcycle India Private Limited (SMIPL) has announced the appointment of Devashish Handa as the new Vice President for Sales, Marketing& After-Sales. In this capacity, he will be responsible for driving SMIP...

Cero (Mahindra MSTC Recycling Pvt. Ltd.) is India’s first authorised recycler of vehicles

Cero (Mahindra MSTC Recycling Pvt. Ltd.) has become India’s first authorised recycler for motor vehicles, having received accreditation by the Delhi Government on December 21, 2018. Cero, a joint venture between Mah...

International Passive Safety Seminar calls for road safety and safe vehicles

The 2nd International Passive Safety Seminar (iPASS-2018) was conducted at ICAT, Manesar on December 13 and 14, 2018. The theme of the seminar was “Safe Vehicle, Safe Life”. The seminar aimed to spread the awareness...

Biju Balendran is Managing Director and CEO, Renault Nissan Automotive India

Biju Balendran is now the new Managing Director and Chief Executive Officer (CEO) of Renault Nissan Automotive India (RNAIPL). Balendran replaces Colin MacDonald, the outgoing MD & CEO, RNAIPL. After successful comp...

Mahindra First Choice Services buys key assets of Carnation Auto

Mahindra First Choice Services (MFC Services) has entered into an asset acquisition agreement with the official liquidator of Carnation Auto (India) Pvt. Ltd. (CAPL). As a result, MFC Services will acquire key asset...

MG Motor India partners with Cisco, UNLIMIT for connected mobility in vehicles

MG Motor India announced its partnership with leading connectivity management platform Cisco IoT and UNLIMIT - a specialist IoT services provider, to develop connected mobility enabled vehicles.

China’s SAIC Motor Corporation to leverage technology prowess to make cars in India

SAIC Motor Corporation, the biggest vehicle manufacturer in China, will soon be starting operations in India through MG Motor India, its fully owned subsidiary. SAIC, which has acquired a massive technological prowe...

TVS Motor Company elevates K N Radhakrishnan as Director & CEO

TVS Motor Company has appointed K N Radhakrishnan as Whole Time Director of the Company. He will hold offic

Honda Activa achieves a milestone of 2 crore unit sales in India

Honda Motorcycle and Scooter India Pvt. Ltd. has announced that Honda Activa has now become the highest selling brand by achieving a milestone of 2 Core plus unit sales in the country. The iconic scooter was first ...

FCA India expands sales and service presence with ‘Jeep Connect’ outlets

FCA has announced the roll-out of ‘Jeep Connect’ outlets to expand the sales and service presence in India. ‘Jeep Connect’ outlets will offer sales as well as service and will be set up initially in seven Indian tow...

Sajeev Rajasekharan is new Managing Director, Harley-Davidson India

Effective October 10, 2018, Sajeev Rajasekharan has been appointed the Managing Director of Harley-Davidson India. He will be based out of the India Headquarters in Gurgaon, Delhi NCR. In this role, Sajeev will ma...

Mahindra signs strategic partnership agreement with Castrol India

Mahindra & Mahindra and Castrol India, a leading automotive and industrial lubricant manufacturing company in the country, announced the signing of a new strategic partnership agreement between the two companies. U...

Honda 2Wheelers India launches ‘Honda Joy Club’

Entering its milestone 18th year in India, Honda 2Wheelers India announced its Honda Joy Club – its first ever customer loyalty programme. It is the biggest and 1st digital loyalty programme in the history of Indian...

Honda Motorcycle and Scooter India extends partnership with Shriram Automall India

Pioneering in pre-owned two-wheeler business with ‘Best Deal’ outlets, Honda Motorcycle & Scooter India Pvt. Ltd announced the extension of its partnership with Shriram Automall India Ltd, unit of Shriram Transport ...

Honda 2Wheelers increases capacity to 7 million units annually

Honda Motorcycle & Scooter India Pvt. Ltd has announced that it will expand the annual production capacity of its 4th two-wheeler production plant. Honda 2Wheeler’s fourth production plant is located at Vithalapur a...

Indian cars to have mandatory pedestrian safety features

Global New Car Assessment Programme (GNCAP) , a UK-based charity that conducts crash safety tests on cars across the world, which is hosting its first ever ‘Global NCAP World Congress’ in New Delhi, India in partner...

Mahindra First Choice Wheels enters premium used cars business with ‘Edition’

Mahindra First Choice Wheels, India’s leading multi-brand certified used car company has launched its “Edition” brand, the country’s first premium used cars franchise network.

Pavel Richter is Production Technical Director of Skoda led ‘INDIA 2.0’ project

Pavel Richter will be assuming the role of Production Technical Director of the Skoda led INDIA 2.0 project of the Volkswagen Group. The 46-year-old will be responsible for the production of all the models at the pl...

Hyundai invests into Swiss tech startup WayRay AG

Hyundai Motor Company has announced a new strategic investment into Swiss deep-tech startup WayRay AG to expedite the development of holographic augmented reality (AR) navigation system for future vehicles, aiming t...

Suja Chandy is MD, Nissan Digital India

Nissan has appointed Suja Chandy as managing director for Nissan Digital India. Chandy will be responsible for operations of Nissan’s first Global Digital Hub in India. The hub will focus on building new-age digital...

TVS NTorq 125 crosses 1 lakh sales mark

TVS Motor Company has announced that their 125cc scooter offering TVS NTorq 125 has crossed the 1 lakh sales mark. The brand has also introduced a new colour – Metallic Red ahead of the festive season. TVS NTorq ...

TVS Ntorq 125 launched in Sri Lanka for LKR 2,54,900

TVS Motor Company has launched its 125cc scooter, TVS NTORQ 125 in Sri Lanka at LKR 2,54,900 (ex-showroom Colombo) for the drum brake variant and LKR 2,65,900 (ex-showroom Colombo) for the disc brake variant. Armed ...

Motorcycle brand TVS Apache crosses 3 million sales milestone

TVS Motor Company announced that its premium motorcycle brand, TVS Apache has crossed a key sales milestone of 3 million units. Launched in 2005, the TVS Apache series of motorcycles is considered to be the fastest...

Nissan plans worldwide line up for India as part of major strategy

Nissan has decided to bring the best of its worldwide lineup to India and also launch a product offensive in the country as part of its new strategy for India. As part of this Nissan strategy, the company will launc...

SIAM urges government for long term policy roadmap

The Society of Indian Automobile Manufacturers (SIAM), an industry body representing India’s automobile sector, held its 58th Annual Convention titled “Building the Nation, Responsibly”. During the convention, th...

Tata Motors celebrates 50,000th Nexon roll out at Ranjangaon facility

Tata Motors has rolled out the 50,000th Nexon SUV from the company’s Ranjangaon facility near Pune in the state of Maharashtra. Present at the rollout were Mohan Savarkar, Vice President, Product Line Head, Passenge...

Honda Navi sells 1 lakh units

Honda Motorcycle and Scooter India Pvt Ltd (HMSI) announced the Honda Navi has recorded 1 lakh customers. The Fun motorcycle, Honda Navi was launched at the Auto Expo 2016. The Honda Navi is the first 100% indigenou...

Tata Motors to ramp up Sanand facility; 100% capacity utilisation

To further meet growing demand for its new generation passenger vehicles, Tata Motors announced its ramp up plans for the Sanand plant. Operating at 100% capacity utilisation currently, the plant has so far rolled o...

Rakesh Srivastava quits Hyundai Motor India

Rakesh Srivastava, Director Marketing & Sales, Hyundai Motor India, has quit the company and has decided to pursue other interests outside the organisation. In a brief press release issued by Hyundai Motor India, it...

Harley-Davidson succumbs to Indian curry, plans 250-500cc bikes for India

Iconic motorcycle manufacturer of the US and a favourite company of US President Donald Trump is beginning to appreciate the flavour of Indian curry. It has just announced its own recipe for the Indian palate wherei...

Vikram Pawah appointed as CEO of BMW Group in Australia and New Zealand

Vikram Pawah has been appointed as the CEO of BMW Group Australia and New Zealand and has been promoted as the Chairman of BMW Group India.

Huawei, Audi sign memorandum of understanding for strategic cooperation

Audi, the German automobile manufacturer and Huawei, a leading information and communications technology company, have signed a memorandum of understanding (MoU) for a strategic cooperation. The agreement forms part...

Volvo Cars launches new S60 sports sedan, first Volvo car made in USA

Volvo Cars revealed the new S60 mid-size premium sports sedan at the company’s first US manufacturing plant in Charleston, South Carolina. The new Charleston plant has now been officially inaugurated. The combined c...

Abraham Schot comes in place of Rupert Stadler at Audi AG

The Supervisory Board of Audi AG has decided to transfer the duties of the Board of Management Chairman to Abraham Schot on a temporary basis with immediate effect. As reported earlier, Audi CEO Rupert Stadler was t...

Volvo Cars Tech Fund invests in automotive sensor company Luminar

Volvo Cars, the premium car maker, has completed the first strategic investment via its newly-founded investment fund by taking a stake in Luminar, a leading start-up in the development of advanced sensor technology...

Volvo Cars hopeful of increased sales & revenues

Volvo Cars, the premium car maker, has announced new financial and operational ambitions that will position the company as a leading player in the global automotive business by the middle of the next decade.




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