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‘Auto industry one of the most important sectors of economy’

07 Jan 2021

Abdulla Bin Touq Al Marri, UAE Minister of Economy has said that the automobile industry is one of the most important sectors of the future economy that encourages innovation and...

UK reports biggest drop in new car sales since Second World War

06 Jan 2021

British new car sales fell nearly 30% last year in their biggest annual drop since 1943 as lockdowns to curb the spread of the coronavirus hit the sector, an industry...

Global auto market expects sales to rebound during current year

04 Jan 2021

Strong growth forecast for global auto sales in 2021 with Europe strongest, barring anything unexpected. South Korea’s Hyundai Motor Co and affiliate Kia Motors Corp on Monday forecast combined global...

German exports down more than 12% last year due to coronavirus

03 Jan 2021

German exports shrank more than 12% last year as demand from the United States and Britain collapsed due to the coronavirus pandemic while Asia remained the only bright spot for...

Apple targets car production, eyes new battery technology

22 Dec 2020

Apple is moving forward with self-driving car technology and is targeting 2024 to produce a passenger vehicle that could include its own breakthrough battery technology, people familiar with the matter...

Festival push, pent-up demand boost automobile sales in India

02 Dec 2020

Healthy off-take on the back of festive season accelerated major automobile players’ year-on-year sales during November. However, some companies reported a slower off-take on the sequential basis. Nevertheless, analysts cited...

Japanese automakers raise profit forecast on rising China demand

06 Nov 2020

Major Japanese automakers have raised their profit forecast as demand for vehicles from China rose after the slump due to coronavirus pandemic. Toyota Motor Corporation more than doubled its full-year...

India’s auto sales revive, firms await festival season for boost

02 Oct 2020

Base effect along with a rebound in domestic demand led major automobile players to report healthy year-on-year and sequential sales numbers for September. Dealers expect auto sales to boost further...

DP World, UAE Region and Jafza join hands with CII for auto sector

01 Oct 2020

DP World, UAE Region and Jafza joined hands with the Confederation of Indian Industry (CII) as event partners for the Auto Resurgence Summit 2020 that shed light on how the...

General Motors and Nikola join hands to produce electric trucks

09 Sep 2020

General Motors (GM) and electric truck startup Nikola Corporation will join forces to build electric pickup trucks and fuel cell commercial trucks to take on Tesla, in a deal that...

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