Auto Industry News

Croatian electric hypercar maker Rimac is exploring several options for its future, a spokesperson for the group said in response to a report outlining plans for an initial public offering next year.

Volkswagen Passenger Cars India is aiming to nearly double its used case sales this year. The company, which sells pre-owned cars through its multi-branded used car network, Das WeltAuto (DWA), sold about 10,000 used cars during the 2020 calendar year. Now, the carmaker is confident that it can double its volumes by the end of this year, by selling over 20,000 pre-owned vehicles in India.

Chinese tech giant Baidu said on Thursday its smart driving unit Apollo plans to cater to a total of 3 million users in China with a fleet of 3,000 robotaxis in 2023.

Market research firm Frost & Sullivan has recently released a new analysis report covering the pre-owned vehicle market and its trends in India. The new report - 'Indian Pre-owned Car Market Study - which was commissioned by Volkswagen India, states that by Financial Year 2025 organised platform will account for 45 per cent of the total used car market in the country.

Italy's government expects carmaker Stellantis will build in Italy its third electric battery plant in Europe, Industry Minister Giancarlo Giorgetti said on Wednesday, the day after he met the company and unions.

Volkswagen India currently has around 140 sales touchpoints across India, and it now aims to expand the dealer network to 150 outlets by the end of 2021.

General Motors Co on Wednesday boosted its spending on electric and autonomous vehicles, pulled ahead plans for two U.S. battery plants and forecast stronger-than-expected second-quarter profits.

Future production at Melfi will be based on a single enhanced production line that will merge the two existing ones, the union said, adding the restructuring will leave production capacity at the site unchanged at around 400,000 units.