Auto Industry News

The Nexon subcompact SUV with new 16-inch 5-spoke diamond-cut alloy wheels has begun arriving at dealerships.

The deal will raise $330 million in proceeds for Wejo, the companies said. That includes $230 million from Special-Purpose Acquisition Company (SPAC) Virtuoso and another $100 million referred to as Private Investment in Public Equity (PIPE).

Polestar already works with Circulor on the traceability of cobalt in the batteries for the Polestar 2 electric performance fastback.

Over 5000 buses of the Mercedes-Benz and Setra brands now have multi-layer, progressively constructed high-performance filters on board.

This month, China's cyberspace regulator posted a draft rule that said automakers must seek customer approval to collect driving data.

Hyundai India has deployed a dedicated Roadside Assistance service team to support the customers, which will be free of cost. The carmaker is also offering a 50 per cent discount on the depreciation amount of insurance claims for cyclone-affected vehicles.

Originally scheduled for a special delivery event on June 3, the Tesla Model S Plaid deliveries have been pushed by a week and will now take place on June 10, 2021.

Mahindra expects auto sales, revenue and profit for the first quarter of the current fiscal year to be 15%-20% lower than the preceding quarter due to the pandemic and chip shortage.