Automobile
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Hyundai Motor ups annual revenue guidance after weak Q3
Seoul: Hyundai Motor on Monday raised its annual revenue and operating profit margin guidance after reporting a 5 percent on-year decline in third-quarter net profit on provisions involving engine-related services. The South…
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BMW adds EV battery capacity in Germany
London: After releasing plans to scale EV and battery production in the US, BMW has announced it would also be adding a new battery assembly line and new cell varnishing lines at…
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Ola Electric launches new e-scooter for introductory price of Rs 79,999
Bengaluru: Ola Electric on Saturday launched an all-new Ola S1 Air electric scooter at a special introductory price of Rs 79,999. The e-scooter weighs 99 kgs and claims to deliver top speed…
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BMW Group to invest $1.7 bn to build EVs in US
San Francisco: Leading automaker BMW Group has announced that it will invest $1.7 billion to build electric vehicles (EVs) in the US. The investment includes $1 billion to prepare for producing electric…
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Kia union approves tentative 2022 wage deal amid chip shortage
Seoul: Unionised workers at Kia have tentatively agreed to a wage deal for 2022 amid the extended chip shortage and COVID-19 pandemic, the company has said. Kia’s 30,000-strong union tentatively accepted the…
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Hyundai to invest $13 bn in mobility software development
Seoul: Hyundai Motor Group said it will invest 18 trillion won ($13 billion) to apply an advanced software programme to all of its vehicles and offer its customers regular software updating services.…
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Hyundai Motor to update vehicle software on the go, to launch 2 EV platforms in 2025
Chennai: South Korea’s Hyundai Motor Group on Wednesday said it would transform all its models to software-defined vehicles by 2025. The group will also introduce vehicles in 2025 based on its two…
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Nissan sells its Russian operation with 6 year buyback option
Tokyo: Japan’s Nissan Motor Company has decided to sell its Russian operations with an option to buy it back within six years, the company said. The company also said it will take…
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Gadkari launches Toyota’s pilot project on flex fuel hybrid vehicle
New Delhi: Union Road Transport and Highway Minister Nitin Gadkari on Tuesday launched Toyota’s pilot project on flex fuel-strong hybrid electric vehicle (FFV-SHEV) that can run on 20 to 100 percent ethanol.…
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5G-ready car sales cross 500K first time ever globally
New Delhi: The connected car penetration surpassed that of non-connected cars for the first time ever globally, capturing almost 50.5 per cent share in the second quarter (Q2) this year. 5G-ready car…
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NASA space tech can charge your electric car in just 5 minutes
Washington: A NASA technology, built with Purdue University researchers for future space missions, can charge an electric car in just five minutes on Earth, potentially paving the way for increased adoption of…
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Hyundai, Kia’s US sales up 4.4% amid chip shortage
Seoul: Hyundai Motor Group said on Wednesday its vehicle sales in the United States rose 4.4 percent last month from a year earlier despite the extended chip shortage. Hyundai, its affiliate Kia…
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Honda Motorcycles and Scooter overtakes Hero Motorcorp in retail sales
Chennai: The month of September 2022 saw Honda Motorcycle and Scooter India overtaking the world’s largest two-wheeler maker Hero Motocorp Ltd in terms of retail sales. Last month, over 2.85 lakh two…
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Car makers log sales growth in September
Chennai: Festive season and new launches geared the passenger vehicle sales last month as car majors in India logged sales growth last month as compared to the previous year’s corresponding month. Maruti…
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Apple plans to build team for its electric car soon
San Francisco: Tech giant Apple is reportedly planning to build a team for its electric car project — Project Titan — before the end of the year. On the microblogging site, analyst…
