Automakers are accelerating the rollout of technology designed to avoid crashes, but insurance companies are waving a caution flag at consumers eyeing discounts for buying ‘collision avoiding brakes’ or automated cruise control.
India’s central government gave a major boost to the automobile industry by announcing a slew of measures to reverse slowdown denting the sector.
Low interest rates along with pent-up demand and ongoing discounts accelerated the year-on-year sales of major automobile players’ during February.
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Fiat Chrysler and Peugeot SA sealed their long-awaited merger on Saturday to create Stellantis, the world’s fourth-largest auto group with deep enough pockets to fund the shift to electric driving and take on bigger rivals Toyota and Volkswagen.
India’s domestic automobile sales continued to decline in December with the overall sectoral off-take plunging 13.08 per cent on a year-on-year basis, a data showed.
For a quarter century, Koenigsegg has been making supercars for a niche market typically reserved for Italian luxury brands, while challenging perceptions of Swedish modesty.
Auto production in Mexico and Brazil, Latin America’s top producers, plunged by an unprecedented 99% in April as a result of the coronavirus crisis, with the two countries building a total of just 5,569 vehicles.
A middle-aged man from Gaza, Munir al-Shindi, decided to fashion his own solution to restore some classic cars when he realised that he could not get car parts in the blockaded Gaza Strip.
India’s major automobile players reported a sequential uptrend in June, as the rate of sales de-growth decelerated. According to analysts, two-wheelers and tractors off-take on a sequential basis in June showed narrowing of the de-growth rate.