Ford Endeavour costlier by up to Rs 1.8 lakh post cess hike

September 26, 2017

Automaker Ford India has raised prices of its premium SUV Endeavour by up to Rs 1.8 lakh following hike in GST cess rates. The company sells a range of vehicles in the country, from Figo hatchback to iconic Mustang sedan. 'Price of Endevour has gone up in the range of Rs 1.2 lakh to Rs 1.8 lakh depending on the variant,' a company spokesperson told . The impact on company's other models has not been much, the spokesperson added. Various automakers including Hyundai Motor India, Fiat Chrysler Automobiles (FCA), Honda Cars India and Toyota Kirloskar Motor (TKM) have already raised prices following the hike in cess. The cess rates, under the Goods and Services Tax (GST), on mid sized and large cars and...... Continue Reading

Hyundai has flexible approach to sustainable motoring

September 25, 2017

Hyundai is taking a leading role in the transition towards a more environmentally sustainable motor industry, by creating a practical path forward in moving from fossil fuels to electric vehicles that will suit a wide range of worldwide markets, the company said.

While there is now a consensus in the motor industry that electric vehicles will dominate the future, Hyundai’s head of operations"... Continue Reading

Mercedes takes on Tesla with $1bn US production plans for electric vehicles

September 23, 2017

Daimler plans to spend $1 billion to start production of Mercedes-Benz electric vehicles at its Alabama factory, setting the world’s largest luxury-car maker up to battle with battery-car specialist Tesla on its home turf.

The German automaker will build its fifth battery plant globally and create more than 600 jobs in the"... Continue Reading

Tata, thyssenkrupp to create steel giant

September 20, 2017

Thyssenkrupp and Tata Steel have signed a memorandum of understanding to combine their European steel activities in a 50/50 joint venture and create a leading European flat steel player to be positioned as quality and technology leader.

The new entity"... Continue Reading

Renault, Nissan and Mitsubishi target sale of 14m units

September 19, 2017

Renault, Nissan and Mitsubishi Motors today announced their ‘Alliance 2022’ plan, a six-year project that has set a new target to double annual synergies to €10 billion ($11.94 billion); sales of 14 million units, and a revenue of $240 billion by the end of the plan.

The plan aims to strengthen cooperation and"... Continue Reading

Germany urges Thyssenkrupp to reach deal with unions over Tata

September 18, 2017

Germany's Economy Minister urged management at Thyssenkrupp to seek an agreement with its workers over plans to merge the group's European steel operations with those of Indian peer Tata Steel. A joint venture with Tata Steel is the preferred option of Thyssenkrupp Chief Executive Heinrich Hiesinger to restructure the group's steel business, despite ongoing resistance from labour representatives, who fear thousands of job cuts. 'Such an important and strategic corporate decision should be made following intensive consultation and in consensus with labour representatives. So far, the labour side is not convinced by the decision,' said Economy Minister Brigitte Zypries, a member of the Social Democrats....... Continue Reading

Hyundai unveils next-gen engine at Frankfurt show

September 18, 2017

Hyundai has unveiled its next-generation drivetrain technology, and announced plans for it first electric car-sharing programme, as part of its presence at the Frankfurt Motor Show in Germany.

Alongside the public debut of three new European-market models – the high-performance i30 N, the elegant five-door coupé i30"... Continue Reading

MAXION Flexible Wheel with MICHELIN ACORUS Technology

September 17, 2017

MAXION Flexible Wheel with MICHELIN ACORUS Technology

(AETOS Wire)-- Innovation has always been part of Michelin’s genetic code – driving mobility and tire developments for more than 100 years. Now with MICHELIN ACORUS Technology, in partnership with Maxion Wheels, Michelin is reinventing the wheel to help eliminate road-based damage to tires and rims.

The"... Continue Reading

Autoliv eyes split of business into two listed companies

September 14, 2017

Autoliv , the world's largest maker of airbags and seatbelts, said on Thursday it would carry out a strategic review aimed at splitting its business into two separate companies. The Swedish auto safety gear maker said it intended to create two publicly traded companies, one focused on passive safety - equipment such as airbag systems - and one focused on electronics. 'Over the last decade our Electronics business has grown and matured next to our world leading Passive Safety business and today we have two distinct, successful businesses, each with its own unique business drivers,' Chief Executive Jan Carlson said in a statement ahead of Autoliv's capital markets day in Frankfurt. 'We believe...... Continue Reading

Velodyne LiDAR Awarded Perception System Contract from Mercedes-Benz

September 13, 2017

Velodyne LiDAR Awarded Perception System Contract from Mercedes-Benz

(AETOS Wire)-- Velodyne LiDAR Inc., the world leader in 3D real-time perception systems for autonomous vehicles, today announced its selection by Mercedes-Benz Research & Development as a critical sensor supplier for the VLP-32C Ultra Puck™ for further development of fully automated and driverless vehicles.

“We’re"... Continue Reading

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