BMW India was supposed to launch the new X4 SUV on 7 February, 2019 but now the launch date has been deferred. There are no details on the new launch date as of now.
Mahindra & Mahindra has increased its stake in its partnership with SsangYong, the company has informed in a BSE (Bombay Stock Exchange) filing. Responding to the offer given by the Korean carmaker to increase its shareholding in the company, Mahindra has further invested 50 billion KRW (around Rs. 316.5 crore) in SsangYong subscribing to 1,18,90,606 equity shares of SYMC (SsangYong's parent company) at a price of KRW 4,205 per equity share. Mahindra's stake in the partnership has now gone up by 2.19 per cent to 74.65 per cent from 72.46 per cent. The company will be paying off the amount to complete the acquisition by February 24, 2019.
BMW has taken the wraps off the new 7 Series facelift which has received some major design tweaks. Well! They say the bigger, the better but BMW has taken it too seriously this time. The most apparent of all the design changes is the massive kidney grille which is 40 per cent larger than the one on the outgoing model. It looks too imposing and straight out of the X7 without a bit of shredding and appears to be obnoxious as imposing is not what you want on a sedan. The new bumper now gets a narrow 'V' above the air dam to incorporate the grille making just about the area to fit in the number plate. Though the sides of the bumper look more beautiful in the way they have been moulded deeper into the overhangs.
A new set of spy pictures surfaced online have revealed the 2020 Ford Ecosport which was being tested near Ford's European headquarters in Cologne. The all-new Ford Ecosport in silhouette looks nothing like the existing model which is on sale in our market as Ford has done away with the squared SUV looks and has given it more of a crossover appeal. If anything to mention, the next-generation Ford Ecosport looks like a baby Porsche Macan with a wider grille, swept back headlamps housing and tapering roofline. Though, people would also argue for the design to be inspired by the Ford Focus hatchback.
Carlos Ghosn's latest bid to be released on bail was rejected by a Tokyo court, leaving the fallen car titan behind bars for at least another two months as prosecutors continue to build their case against him for financial crimes. Ghosn's lawyers had submitted the bail application last week after the former Nissan Motor Co. chairman was indicted for a second time, over allegations he transferred personal trading losses to the carmaker. Prosecutors have said his current period of detention lasts until March 10, but Ghosn's chief lawyer, Motonari Otsuru, flagged last week that the executive could remain behind bars until his trial, which could be six months away.
koda Auto has kick-started the new year with a bang with the launch of the Superb Corporate Edition in India. The Skoda Superb Corporate Edition is priced at Rs. 23.99 lakh (ex-showroom) and is exclusively for Skoda customers, according to the company. The Corporate Edition caters to the demand of a modern design, high degree of functionality and generous proportions, while being priced attractively. Skoda calls the special edition model a value for money proposition.
The new 2020 Volkswagen Passat sedan has finally made its public debut at the ongoing North American International Auto Show a.k.a. Detroit Auto Show. The US-spec, new-generation Volkswagen Passat comes with a bolder design, new and updated technology, and enhanced convenience and driver-assistance features.
The move could give a strong push to the passenger vehicles sales which otherwise have been cruising in the slow lane in the second and third quarter of Fiscal Year 2018-19 and the industry isn't expecting the performance to improve significantly even in the last quarter. Moreover, luxury carmakers like Mercedes-Benz, BMW, Audi, Volvo and Jaguar Land Rover who generally use a high level of export components in locally assembled models would be the major gainers from such a move.
