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Daimler third-quarter profit falls on diesel costs, special items
Fri, Oct 20, 2017
Earnings before interest and tax (EBIT) at the German automotive group plunged 14 percent to 3.46 billion euros ($4.08 billion) in the July-to-September period, Daimler said on Friday, in line with the 3.43 billion-euro consensus forecast in a Reuters poll of banks and brokerages.
Car makers may hike prices soon with rise in GST cess from today
Mon, Sep 11, 2017
The GST Council's decision on increasing the cess on mid-size, large cars and SUVs will be implemented today as announced by CBEC.
Why Royal Enfield needs to buy Ducati with competition from Bajaj Auto gearing up
Sat, Sep 09, 2017
Eicher Motors, Royal Enfield's parent company, stock shot up on Thursday as news of its bid to acquire Ducati went through.
Bidding for Ducati takes Eicher Motors' shares to an all-time high
Fri, Sep 08, 2017
Media reports have stated that Eicher Motors is set to offer $1.8 billion-$2 billion for Italian motorcycle manufacturer Ducati. This has taken the stock price of the company at an all-time high.
Tough road ahead for Tata Motors with JLR’s margins declining and expenses rising
Thu, Aug 31, 2017
Jaguar Land Rover has seen a decline in its EBITDA margin, while its expenses had increased significantly over the last two years, which is a cause for concern for parent company, Tata Motors.
Luxury car makers voice disappointment over GST Council's increase in cess
Mon, Aug 07, 2017
The GST Council's decision to increase the cess on luxury vehicles by an additional 10% is expected to see an increase in the prices of luxury cars.
Mercedes calls for lower taxes on luxury cars in India
Sun, Jul 23, 2017
The company reasoned that "better treatment" in terms of taxation could lead to growth of luxury car segment in the country.
GST effect: Maruti, Audi, JLR reduce prices of various models
Sat, Jul 01, 2017
Several automobile companies have reduced their vehicle prices after the roll-out of the Goods and Services Tax (GST). Automobile majors like Maruti Suzuki, Jaguar Land Rover (JLR) and Audi India announced that they have reduced prices on various models.
Auto car manufacturer Audi reduces prices of its car after Mercedes
Sat, May 27, 2017
Auto car manufacturer Audi reduces prices of its car after Mercedes. Watch complete news story for getting the detailed news updates!
In self-driving car race, winners get all the way around track
Mon, Apr 03, 2017
Nine self-driving cars did not quite zoom around a 2-mile (3.2-km) course in Northern California over the weekend in a race involving students and entrepreneurs from startup companies where the real goal was just to make it around the track.
Audi launches the new Audi Q3 priced at Rs 34.2 lakh onwards
Wed, Mar 08, 2017
The company has updated the car with attractive new features and new engine options in the model which has become best-selling model under the Audi brand.
Volkswagen has spent $2.9 billion on US buybacks
Wed, Mar 01, 2017
The report by an independent claims supervisor said the German automaker is buying back and terminating leases on about 15,000 vehicles a week. VW has made offers to buyback vehicles or cancel leases to 323,179 U.S. consumers totalling $5.86 billion, it said.
Porsche, Audi lift Volkswagen to record underlying profit
Sat, Feb 25, 2017
Sales of the German carmaker`s luxury brands lifted underlying operating profit before special items 14 percent to 14.6 billion euros ($15.5 billion) in 2016, after the company reported its biggest ever loss in 2015.
Want to cook rice while driving your car? Audi has it covered
Mon, Feb 20, 2017
The special edition A8 has a rice cooker integrated into the car.
Maruti Suzuki Swift emerges as most popular car among online customers in 2016: Droom's survey
Thu, Feb 16, 2017
Droom's latest annual consumer survey has revealed Maruti Suzuki Swift as the winner of the most popular car among its customers in 2016.
Audi launches new A3 Cabriolet priced at Rs 47.98 lakh
Wed, Feb 08, 2017
The Audi A3 Cabriolet engine produces a power of 150hp and 250Nm torque.
Samsung Electronics to supply Exynos processors for Audi vehicles
Wed, Jan 18, 2017
Samsung said in a statement its Exynos processors will power up to four in-vehicle displays for Audi`s next-generation infotainment system without elaborating on the contract value or what vehicles Audi will use the chips for.
UK Volkswagen owners seek compensation over emissions scandal
Mon, Jan 09, 2017
There are 1.2 million diesel engine cars affected in the UK, including Volkswagen, Audi, Seat and Skoda models.
Audi sales hit record in 2016, despite losing ground to rivals
Sat, Jan 07, 2017
Audi raised deliveries by 4 percent in the United States where VW`s emissions test-cheating scandal broke in 2015 and reported 6.4 percent more sales in Britain, its No. 2 European market, the spokesman said, confirming figures first reported by German daily newspaper Die Welt in its Saturday edition.
Volkswagen agrees to fix, buy back more polluting US diesel vehicles
Wed, Dec 21, 2016
Volkswagen AG has agreed to a $1 billion settlement to fix or buy back another 80,000 polluting diesel vehicles sold in the United States (US) as the German automaker on Tuesday took new steps to put its emissions cheating scandal behind it.