Automobile industry
At a recent press conference hosted by the New York International Auto Show, Bridgestone Corporation, and BASF SE, the Volkswagen BlueMotion (Golf, Passat, Polo) was named the 2010 World Green Car. This prestigious award was chosen from an impressive list of thirteen contenders, nominated by fifty-nine World Car jurors from
Automobile industry
As the automotive industry faced significant challenges in 2009, international brands were expected to provide a lifeline for struggling dealerships. However, according to recent reports, many of these brands, including Hyundai, Toyota, Volkswagen, and Audi, largely passed on the opportunity to add dealerships as GM, Chrysler, and Ford contracted. This
Automobile industry
A collaborative effort between carmakers like Nissan and General Motors to repurpose used electric vehicle batteries could dramatically alter the economics of green motoring. The industry giants are working on plans to sell old batteries to wind-farm operators, who can utilize them to store power generated by wind turbines at
Automobile industry
India's passenger car sales surged at the fastest pace in six years to a record high of 1.53 million units, marking a 25% increase from the previous year, according to data released by the Society of Indian Automobile Manufacturers. Industry-wide vehicle sales, including vans, SUVs, and trucks,
Automobile industry
The National Highway Traffic Safety Administration has enlisted the help of NASA and the National Academy of Sciences to investigate the cause of Toyota's recall of over 8 million cars worldwide due to sudden acceleration problems. The Transportation Department's secretary, Ray LaHood, has stated that the
Automobile industry
The automotive industry is shifting towards electric and hybrid vehicles as gas prices creep upward, with carmakers announcing plans for electrics, plug-in hybrids, and extended-range electric cars. Chrysler, Ford, and General Motors are among those planning to release new electric models, with some already slated for release in 2012. Despite
Automobile industry
The Mexican automotive sector, which has been heavily dependent on international demand, is showing signs of a significant recovery after a slump last year. According to Alejandro Werner, the country's deputy finance secretary, auto production in Mexico has experienced growth, putting the country's manufacturing sector back
Automobile industry
Japan's top automakers, including Toyota and Nissan, along with a power company, have formed a group to push the adoption of electric vehicles globally by standardizing charging machines and marketing the technology abroad. The move aims to overcome the constraints of better battery technology, costs, and convenient recharging
Automobile industry
Japanese automakers Toyota, Nissan, and Mitsubishi, along with Tokyo Electric Power Co. (Tepco), have formed a consortium to develop a global standard for high-speed battery chargers. The effort aims to standardize how chargers communicate with cars, with Tepco's technology, which determines the type of batteries installed and the
Automobile industry
Ford Motor Company's Indian arm has introduced four variants of its small car, Figo, priced competitively to take on existing and emerging competition in the growing Indian automobile market. The entry-level Figo petrol is priced at ₹3,50,000, and the diesel variant at ₹4,48,000, making
Automobile industry
BYD Co., the automaker backed by Warren Buffett, is poised to start selling electric and hybrid cars in western Europe next year. The company, China's sixth-biggest car manufacturer by sales last year, plans to introduce the E6 electric car and potentially design and build cars in Europe. This
Automobile industry
Bajaj Auto, the country's second-largest two-wheeler maker, has announced a substantial increase in motorcycle sales, with a 78% jump to 2,34,623 units in February 2010 compared to 1,31,785 units in the same month last year. The company's total two-wheeler sales also saw
