Global News
5 Facts About the Progress of Electric Vehicles
May 12, 2021While global car sales took a pandemic-related hit last year, electric vehicles (EVs) bucked the trend. The number of EVs registered across the globe expanded massively in 2020, according to the International Energy Agency (IEA) – and this is set to continue over the next decade.
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Harley-Davidson launches all-electric motorcycle brand 'LiveWire'
May 10, 2021Harley-Davidson Inc (HOG.N) on Monday launched an all-electric motorcycle brand "LiveWire," the latest effort by the company to ramp up bets on the rapidly growing electric-vehicle market.
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Auto industry urges Biden to back 'comprehensive' EV plan
March 29, 2021WASHINGTON (Reuters) - Major automakers, parts companies and the United Auto Workers (UAW) union urged U.S. President Joe Biden to support a “comprehensive plan” on electric vehicles and called for hefty government tax credits and numerous other financial incentives.
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Daimler to speed up electric shift as 2021 starts strongly
March 29, 2021LONDON (Reuters) -Daimler has got off to a good start in 2021 despite a global shortage of semiconductor chips, and plans to accelerate the shift in its model line-up to electric cars, the Mercedes-Benz maker said on Wednesday.
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Toyota to produce key fuel cell components in China
March 26, 2021BEIJING -- Toyota Motor is planning to produce the key components of fuel cell vehicles in China, starting as early as next year, Nikkei has learned.
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Indonesian state companies set up EV battery developer
March 23, 2021JAKARTA -- Indonesia has an ambitious plan: to establish itself as a major player in the global supply chain for electric vehicles. In five years, the archipelago wants to have an integrated industry encompassing everything from upstream development -- mining raw materials for use in EV batteries -- to downstream -- the manufacturing of batteries and the vehicles themselves.
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Volkswagen in $17.4bn EV investment with Chinese joint ventures
September 28, 2020BEIJING (Reuters) -- Volkswagen AG said on Monday it and three local joint ventures plan to invest around 15 billion euros ($17.44 billion) in electric mobility in China, the world's biggest car market, between 2020 and 2024.
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India's Royal Enfield to begin making motorcycles in Thailand
September 25, 2020India-based motorcycle maker Royal Enfield is setting up an assembly plant in Thailand next year as it continues its Southeast Asian expansion drive.
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Harley-Davidson exits India, world's top two-wheeler market
September 25, 2020NEW YORK -- Harley-Davidson is leaving India, the American motorcycle maker said Thursday, ending a decade-long presence in the world's largest two-wheeler market after struggling to gain a foothold.
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A staunchly independent Honda switches gears with GM partnership
September 4, 2020TOKYO -- Honda has taken the crucial step of sharing core components with General Motors under an expanded North American alliance, a turnaround that reflects the automaker's miscalculation on its previous go-it-alone strategy.
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Nissan pulls Datsun compacts from Southeast Asia and Russia
November 30, 2019TOKYO -- In a further strategic shift following the departure of Carlos Ghosn as chairman, Nissan Motor will stop producing its Datsun compact car in Indonesia and Russia from next year, Nikkei has learned.
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JAPAN'S AUTOMOTIVE INDUSTRY
October 31, 2019Japan’s car sales stay the 1/3 biggest within the international — after the U.S. and China — with 527.2 million gadgets bought in 2018, however, an increasing number of automakers are prioritizing the Chinese marketplace and its motor shows. The Frankfurt motor display, which was held simply last month, also didn't attract many carmakers, with only Honda motor co. collaborating from Japan.
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AUTOMOTIVE INDUSTRY IN INDIA
October 31, 2019Business motors, passenger cars, -wheelers, tractors, and production device are down 15% to 40% in their monthly sales volume. There's little segment lag within the cyclical downswing throughout segments. Second, the downswing amplitude in sales quantity in some segments has reached 30-40% this time around, against the sooner downswings of 10-15%. Right here are 3 conducts that excessive-increase sectors use to gas their boom.
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Fiat Chrysler and Peugeot parent PSA in merger talks
October 30, 2019The owner of French carmaker Peugeot is in talks with rival Fiat Chrysler Automobiles about a deal to merge with the Italian-American group and create a company with shares worth more than $47bn, according to people informed of the talks.
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Volkswagen to invest $577 million in Brazil auto plant.
August 30, 2019SAO PAULO (Reuters) - Volkswagen (VOWG_p.DE) will invest 2.4 billion reais ($577 million) in one of its Brazil factories, Sao Paulo state governor Joao Doria said on Thursday during a visit to the automaker’s headquarters in Germany.
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U.S. auto sales seen rising 5% in August
August 29, 2019(Reuters) - U.S. auto sales are expected to rise 5% in August from the same period a year ago, driven by strong volumes due to higher manufacturer incentives and higher average sales prices, according to J.D. Power and LMC Automotive.
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New NAFTA clogs investment in auto supply chain after a year adrift
August 28, 2019TOKYO -- A year after the U.S. and Mexico agreed to update the North American Free Trade Agreement, uncertainty stops Japanese auto parts manufacturers from making investment decisions.
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Toyota to invest $907m in Suzuki to boost self-driving tech
August 28, 2019TOKYO -- Toyota Motor will invest 96 billion yen ($907 million) in Suzuki Motor, taking a stake of about 5% in the company, while Suzuki put about 48 billion yen of its own money into Toyota, forging an equity tie-up that will expand their ongoing technology partnership, Nikkei has learned.
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India autos slash jobs and showrooms as sales drop 31% in July
August 14, 2019MUMBAI/NEW DELHI -- Indian automakers have cut about 345,000 jobs in recent months as showrooms have closed and passenger car production has been slashed amid the industry's worst slump in nearly two decades.
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Toyota to build battery plant in China, eyeing hybrid policy shift
August 11, 2019NAGOYA -- Toyota Motor's battery-making subsidiary will build its fourth hybrid vehicle battery plant in China as Beijing expands government incentives for low-emission autos, Nikkei has learned.
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