“We are very excited to add these two great franchises to the Sonic Automotive family, further strengthening our automotive sales and service network in the Colorado market,” David Smith, chief executive officer of Sonic Automotive and EchoPark Automotive, said.
FADA has found that at the overall industry level, viability Is the biggest concern of auto dealers across all segments of the Industry. Dealers attach a high importance of 27% on business viability, where OEMs need to exhibit greater sensitivity, particularly since the current satisfaction level on this factor is weak.
This announcement came in line with the brand’s motto to achieve carbon neutrality by 2050. The company initiated the ‘Toyota Environmental Challenge 2050’ in October 2015 with six environment challenges, including the goal to achieve lifecycle zero carbon (CO2) emission.
The industry registered a growth of 65% during January-June of 2021 compared to the previous year despite the second wave of Covid-19 impacting sales for a couple of months, said Deepak Shetty, managing director, JCB India.
Imagine you’re driving your electric vehicle (EV) down the highway and you are running low on battery. Now you can search for a charging station nearby or you could simply change lanes and drive over special charging strips embedded in the road. That’s the vision of Khurram Afridi, associate professor of electrical and computer engineering in the College of Engineering, Cornerll University. He’s pioneering an innovative approach for the wireless charging of electric vehicles, autonomous forklifts and other mobile machines, while they remain in motion, according to Cornell Chronicle.
The country's gross domestic product (GDP) growth is likely to be 8.8 to 9 per cent in the current financial year, driven by agriculture and industry sectors, Care Ratings said in a report.
Crude oil imports also fell to a 9-month low in June as refiners curtailed purchases amid higher fuel inventories due to low consumption and renewed lockdowns in the previous two months, data obtained from trade sources showed.
The forecasts are focused on the organized labor sector, which accounts for less than 20% of the workforce. Much of the informal labor isn’t captured in surveys.
Other luxury automakers in India have also lobbied the government in the past to lower taxes on imported cars but have had little success due to opposition from rivals with domestic operations.
Toyota Motors Thailand temporarily suspended vehicle production at its Ban Pho Plant on Tuesday, and at its Samrong and Gateway Plants on Wednesday, the company said in a statement. Toyota has a production capacity in Thailand of 550,000 vehicles per year, according to its website.
The Directorate of Revenue Intelligence (Mumbai wing) seized a Nissan Patrol SUV worth around Rs 1 crore from Malakpet in connection with a luxury car smuggling racket using diplomatic privileges to evade customs duty. The vehicle was registered in Manipur in the name of a realtor from Malakpet.
While Maruti, with upto 33% mileage improvement in the last 10 years, is clearly ahead of the game and continues to dominate the top 10 most fuel efficient models list (see table), others like Tata Motors and Nissan are trying out a combination of new technology and alternative fuel solutions to tap into this opportunity.
Out of the total 18 new introductions on the market in 2020-21, 13 were luxury cars including 10 SUVs. They are likely to repeat the performance in 2021 also. More than 70 new luxury vehicles, including brand new vehicles, facelifts and new variants, are set to be launched this year.
Brand loyalty refers to the proportion of car owners who purchase the same brand when trading or purchasing a new car.
Carmaker Stellantis said on Tuesday that Amazon Alexa Automotive's Ned Curic would become its new chief technology officer, to manage all the group's information technology resources.
A record bout of fundraising and a slew of upcoming startup IPOs has shifted focus to Indian technology startups even as investors are spooked by China’s crackdown on its own tech companies.
The new Aqua is the first vehicle in the world to use a high-output bipolar nickel-hydrogen battery as an electric drive battery.
India's year-on-year engineering goods exports rose by 52.4 per cent during June 2021.
Recording growth for the seventh month in a row, India's exports rose by 48.34 per cent to $32.5 billion in June on account of healthy growth in shipments of petroleum products, gems and jewellery, and chemicals, even as trade deficit stood at $9.37 billion, according to the official data.
Subramanian said various reforms undertaken by the government in sectors such as agriculture, labour, export PLI scheme, change in MSME definition, creation of the bad bank, privatisation of public sector banks among others, are going to push growth.
| Name | DIN | Designation | Date of joining | |
|---|---|---|---|---|
| Yuichi Kanazawa | Unlock to View | Unlock to View | Director | 19 Apr,2016 |
| Kazuma Michikita | Unlock to View | Unlock to View | Wholetime Director | 01 May,2015 |
| Shizuka Hayashi | Unlock to View | Unlock to View | Managing Director | 27 Nov,2010 |
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