Auto Industry News

The reorganization and additional investment comes as Chief Executive Jim Farley bets aggressively on the company's electrification strategy. Farley said Ford plans to build more than 2 million EVs in 2026. Doug Field will lead Ford Model e's product development.

Volkswagen always intended to export models based on the MQB A0 IN platform to other developing markets across the globe. Now the carmaker has revealed that the upcoming, VW Virtus sedan will be exported to 25 countries from India, which includes some Latin American markets.

The segment already has established players in the form of the Hyundai Venue, Tata Nexon, Kia Sonet, Maruti Suzuki Vitara Brezza among others.

Ferrari is not a corporation that frequently recycles or resurrects names. This is partly because many car names are alphanumeric.

Though Volkswagen realises that the growth potential for sedans in India is not at par with the SUVs, it is looking forward to cash in the demand with a new-age model like the Virtus which is technologically advanced and is high on creature comforts.

Bajaj Auto despatched just 96,523 motorcycles in February 2022 in the domestic market, compared to 1,48,934 motorcycles in the same month a year ago.

Hyundai Motor India Limited (HMIL) has reported a sales decline of 14 per cent in February 2022 selling 53,159 units as compared to 61,800 units sold in the same month a year ago.

Reportedly, the Panama-flagged Felicity Ace had sunk as efforts to tow it began due to structural problems caused by the fire and rough seas.