President Uhuru Kenyatta inside made in Kenyan Mobius vehicle at its launch in 2014 Nairobi - Kenya vehicle manufacturer Mobius is eyeing a possible lucrative State supply tender to boost production and sales of its new generation model. Mobius Motors commercial director Markus Schroder says the company is in talks with the government regarding
Vehicle
Volkswagen Group earmarking $11.8 billion to develop, build China electric cars
A Volkswagen logo is seen at Serramonte Volkswagen in Colma, California, U.S., October 3, 2017. REUTERS/Stephen Lam GUANGZHOU/BEIJING (Reuters) - Volkswagen Group said on Thursday it plans to spend 10 billion euros ($11.8 billion) by 2025 to develop and manufacture all-electric and plug-in hybrid vehicles as it seeks to comply with
EU set to fine seatbelt, airbag cartel in coming weeks
BRUSSELS (Reuters) - The EU is set to fine a group of car seatbelt and airbag makers in the coming weeks, three people familiar with the matter said on Wednesday, the latest regulatory crackdown on price-fixing in the sector. The decision by the European Commission follows a six-year-long investigation which began
Toyota to test self-driving, talking cars by about 2020
Toyota logos are seen at City Toyota in Daly City, California, U.S., October 3, 2017. REUTERS/Stephen Lam TOKYO (Reuters) - Toyota Motor Corp on Monday said it would begin testing self-driving electric cars around 2020, which will use artificial intelligence (AI) to engage with drivers, as the company competes with tech firms
GM to scale back production at Detroit car plant
GM Detroit Hamtramck Assembly Line DETROIT/WASHINGTON (Reuters) - General Motors Co said on Thursday it plans to scale back production at an assembly plant in Detroit starting later this month as it tries to deal with declining U.S. sedan sales. GM said in a statement that effective Oct. 20 its Detroit-Hamtramck plant
Japan Raids Two Nissan Vehicle Plants Over Improper Quality Checks
OKYO (Reuters) - Japan’s transport ministry said on Wednesday it had carried out spot inspections at two plants producing Nissan Motor Co Ltd (7201.T) vehicles as part of a probe into final checks, days after irregularities forced the automaker to recall 1.2 million cars sold in Japan. The two inspections on
General Motors, Ford, Toyota post sharp Sept sales gains
-Heavier consumer discounts and surging demand to replace hurricane-damaged vehicles gives auto makers momentum (Marketwatch) -Major auto makers posted mostly solid sales gains in September amid heavier consumer discounts and surging demand to replace hurricane-damaged vehicles, giving the industry relief from months of declining results and some momentum heading into the
GM to launch new EVs, says future is all-electric
AFTER MORE THAN a century peddling vehicles that pollute the atmosphere, General Motors is ending its relationship with gasoline and diesel. GM, the American automotive giant said Monday, it is working toward an all-electric, zero-emissions future. That starts with two new, fully electric models next year—then at least 18 more by 2023. The U.S. largest automaker
Volkswagen has paid out billions since the DieselGate scandal broke — and it’s not over yet
German auto giant Volkswagen AG warned on Friday that it will take a surprise one-time charge of about 2.5 billion euros ($3 billion) against its third-quarter earnings, as its efforts to buy back or repair diesel-powered vehicles in North America have proven more costly than it had expected. Wall Street analysts polled
Hyundai Retool Sonata And Elantra To Fight Crossover Craze
Is there still life in the sedan and hatchback markets? Despite consumers’ mad rush to crossovers in the mainstream market, Hyundai thinks there are plenty of buyers looking for ‘old school’ alternatives. The Korean brand points out that the mid-size sedan market still accounts for 2.1 million units. And the company