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The stake purchase followed an initial approach last November, when Geely sought to buy a Daimler stake as a way to access Mercedes-Benz electric vehicle and battery technology to help it to comply with a Chinese crackdown on pollution.
In total, VW has now put aside 25.8 billion euros to cover fines, compensation and vehicle refits, of which nearly 20 billion have so far been paid out. VW said earnings were driven by a growing share of sales of higher-margin models and increasing savings from VW’s modular platforms.
In April 2017, Uber had declared that it would be ready to test its first vehicle that could take vertical takeoffs like a helicopter by 2020. However, now with less than two years to go, they’ve pushed the date back even further.
The drivers can now use Audi’s existing MMI infotainment system to turn the transponder on or off and can even track lanes for the cars. This new technology has also been regarded by Audi has “Vehicle-to-infrastructure” technology (V2I).
BMW said it signed a letter of intent with Great Wall Motors Co., headquartered in Baoding, southwest of Beijing, and needs to work out a cooperation agreement and investment details.Auto brands face pressure to meet quotas that require electric vehicles to make up at least 10 percent of sales starting next year.
One of the biggest launches to happen at the Auto Expo 2018 was the launch of the all-new 2018 Maruti Suzuki Swift. Which was launched at an introductory price of Rs 4.99 lakh for the base petrol going all the way up to Rs 8.29 lakh for the fully specced diesel.
Skoda Vision X concept will for the first time put some light on Skoda’s third SUV. The study design Vision X concept transfers the brand’s new design language used n Kodaiq and Karoq into a new vehicle segment.
For now, Easy Ride will be limited to a 4.5-kilometer (2.8-mile) course that starts from Nissan headquarters and winds through a shopping mall area in this port city.The app is only in Japanese, but there are plans to offer it in several languages for tourists and other travelers
2018 Hyundai Elite i20 was launched at the Auto Expo 2018 in both petrol and diesel variants, and now it is set to get a CVT version in May. While an automatic gearbox was introduced in 2016, the new unit on the 1.2-litre petrol will be more affordable.
The new generation Honda Civic will be launched in India at a price of close to Rs 14 lakh (ex-showroom) in India. The sporty looking sedan will lock horns with Skoda Octavia, Toyota Corolla Altis and Hyundai Elantra in the segment.