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 said.
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 vehicle sales will jump 11.5 per cent in 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 body said on Wednesday. Demand stood at 1.63 million cars in 2020,
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 employs advanced technologies such as Artificial Intelligence in
Indian automakers Tata Motors and Mahindra and Mahindra (M&M) said on Friday they would cut production at some plants in response to slowing demand that industry executives say has driven the sector into one of its worst downturns.
Japanese stocks ended higher in choppy trading on Wednesday after positive earnings from market bellwethers Toyota and Honda highlighted the improving outlook for the global economy. Toyota hiked profit forecast 54%, shrugged off global chip
Auto sales in China, the world’s biggest market, surged in January with a 30 per cent jump from the same month a year earlier, the tenth month of gains, as China continued to lead the global automobile industry’s recovery from the COVID-19 pandemic.
Low interest rates along with pent-up demand and ongoing discounts accelerated the year-on-year sales of major automobile players’ during February.