automotive-industry
Top StoriesFrom Boom to Bottom and Now Big Change: Renault and Nissan Reshape Alliance
Top StoriesUK New Car Sales Rise in January, Full-Year Sales to Top Last Year – Smmt
Top StoriesInfineon Lifts Full-Year Margin Forecast, Shares Rise 7%
Top StoriesNissan and Renault Agree to Overhaul Alliance, This Time as Equals
India’s Tata Motors Surges 8% on First Quarterly Profit in 2 Years
Date: January 27, 2023
BENGALURU (Reuters) -Shares of Tata Motors Ltd, India’s No.3 carmaker by volume, rose as much as 8.2% to a more-than-four-month high on Friday after the company reported its first quarterly profit in two years. The stock posted its biggest intraday jump in over 8 months, before easing to trade up about 5.2% at 440 rupees...
Honda to Create Division to Speed up Electrification Development
Date: January 24, 2023
TOKYO (Reuters) -Honda Motor Co said on Tuesday it would create a new division in a bid to strengthen and speed up its electrification business as part of an overhaul of its organisational structure. The shake-up is part of the automaker’s bid to catch up in the fast-growing market for full electric vehicles, led by...
New Suppliers Race to Plug in to Electric Car Market
Date: January 23, 2023
By Nick Carey and Paul Lienert WOKING, England (Reuters) – The global auto industry has committed $1.2 trillion to developing electric vehicles (EVs), providing a golden opportunity for new suppliers to grab contracts providing everything from battery packs to motors and inverters. Startups specialising in batteries and coatings to protect EV parts, and suppliers traditionally...
Why Brand Is Crucial for Business Growth in the New Age of Subscription Services
Date: January 17, 2023
Car subscription service FINN has grown to $100 million in ARR within three years and is expanding quickly into the US. Maximillian Wühr, Co-Founder and Chief Growth Officer at FINN, shares the role brand has played in its growth story My first experience of buying a car was frustrating, to say the least. The initial...
Exclusive-Renault, Geely Look to Bring Aramco Into Engine Venture – Sources
Date: January 17, 2023
By Norihiko Shirouzu and Gilles Guillaume BEIJING/PARIS (Reuters) – Renault SA and China’s Geely Automobile Holdings are working to finalize a deal to bring Saudi Arabian state oil producer Aramco in as an investor and partner to develop and supply gasoline engines and hybrid technologies, three people with knowledge of the talks said. The Saudi...
German Industry Is Losing Green Energy Race, Autos Association Warns
Date: January 11, 2023
BERLIN (Reuters) -Germany urgently needs more carbon-neutral energy at affordable prices if it is to maintain its global relevance as an industrial player, the president of German autos association VDA warned on Wednesday, warning that it was already falling behind. Hildegard Mueller, who has led the organisation since February 2020, said the energy subsidies offered...