Tag: car

  • Auto sales down with 25 percent

    Auto sales down with 25 percent

    Auto sales fell 25 percent year-on-year in the first eight months to 151,903 units due to the continuing impacts of the Covid-19 pandemic. Passenger cars accounted for 109,694 units, followed by commercial vehicles and special-purpose vehicles, according to the Vietnam Automobile Manufacturers Association (VAMA).

    Sales in August, when Vietnam saw a fresh eruption of Covid-19 linked to central Da Nang City, fell 14 percent from July to 20,655 vehicles. This ended a rise in sales for three consecutive months from May. April sales had plummeted after the government imposed social distancing.

    Local brand Truong Hai Auto (Thaco) retained the top spot even as its year-to-date sales fell 16 percent to 49,940 units for a 34.3 percent market share.

    It was followed by Toyota with 34,743 units and Honda with 14,850 units, both down nearly 30 percent. Mitsubishi and Ford rounded off the top five. On June 28 the government cut first-time registration fees by half for locally made vehicles to foster sales amid the pandemic. The reduction will last through this year before returning to old levels on January 1, 2021. Auto sales had risen 11.7 percent year-on-year to 322,322 units last year.

  • Tesla Launches Fast Electric Car Charging In Berlin

    Tesla Launches Fast Electric Car Charging In Berlin

    Managers at electric carmaker Tesla Inc on Thursday demonstrated new supercharger equipment on a Berlin research campus, saying they were looking at more target cities to attract potential buyers worried about access to charging.

    “Now, as part of our commitment to make Tesla ownership easy and convenient for everyone including those without immediate access to home or workplace charging, we are expanding out supercharging network into city centers,” said Jeroen van Tilburg, manager Europe of charging infrastructure at Tesla.

    A company spokesman told reporters Tesla would open at least one more inner-city fast-charging site in Germany in 2020, possibly more.

    He stressed that Tesla still believed in the slow workplace and residential charging as the main way to charge vehicles but wanted to offer a quicker option.

    The so-called V3 charger allows Tesla Model 3 cars to charge within five minutes enough to travel 120 kilometers (75 miles). Older Tesla models would receive relevant software upgrades. German policymakers aim to boost the demand for electric cars to cut emissions.

    “We have a lot to make up for in terms of charging infrastructure,” said Germany’s Economy Minister Peter Altmaier at the event.

    He reiterated pledges to speed the roll-out of public charging points and permits for private charging which had hampered sales in the past.

    The latest legislation for a green-led recovery after the coronavirus crisis offers buyers incentives and helps bump up power grids.

    Tesla has chosen a site near Berlin for a new factory due to start operating next year.

    Separately to the event, the Frankfurter Allgemeine Zeitung newspaper said on Thursday the factory had the potential to create 40,000 jobs, citing the economy minister of Brandenburg state.

  • Companies Carmaker VinFast posts $284 mln loss

    Companies Carmaker VinFast posts $284 mln loss

    Vietnamese automaker VinFast posted a loss of nearly VND6.6 trillion ($284 million) in the first half, up four times year-on-year.

    The subsidiary of Vietnam’s largest private conglomerate Vingroup saw owner’s equity rising 10.8 percent year-on-year to VND28.1 trillion ($1.2 billion) by the end of June. Its asset value by the same date was over VND100 trillion.

    Pham Nhat Vuong, chairman of Vingroup, had earlier said that losses were expected for both automaker VinFast and smartphone producer VinSmart over the next three to five years as they work to increase their market share.

    Vingroup recorded H1 revenues of VND6.58 trillion from cars, electric bikes and smartphone sales, triple that of last year.

    VinFast has recently entered the luxury market with its new SUV, VinFast President. The company sold over 5,100 cars in the first quarter to rank fifth among auto brands in Vietnam.

  • Social distancing sparks flurry of in-car accessory sales

    Social distancing sparks flurry of in-car accessory sales

    Car accessory sales are increasing in South Korea as the coronavirus pandemic continues to rage on and people spend more time in their vehicles to avoid physical contact.

    Online shopping giant 11St reported that over the past two weeks, sales of laptop/book stands for cars and multipurpose seat pockets jumped by 27 percent following the spike in confirmed coronavirus infections between August 18 and 30.

    Cup-holder sales jumped by 19 percent over the same period. Do-it-yourself car wash kits also gained popularity among consumers and car shampoo sales jumped by 53 percent, while washing tools and towels sales increased by 16 percent and 27 percent, respectively.

    Sales of other indoor car-cleaning tools jumped as well: portable vacuum cleaners by 24 percent, air purifiers for cars by 38 percent and car air fresheners by 21 percent.

    The majority of the increase in car accessory sales appears to be via online platforms.

  • Ford Is Developing Technology Which Could Predict Accidents

    Ford Is Developing Technology Which Could Predict Accidents

    Ford is developing a technology in the UK that could make road travel in the urban jungle safer and easier reports the Drive in Australia. Ford’s technology is said to have the ability to ‘foresee traffic incidents’ and present them from happening.

    Ford Mobility has formed an alliance with a group of bodies that consist of councils, transport bodies and universities to create a predictive road safety tool that utilizes data from local authorities, roadside sensors and connected vehicles to identify the high-risk hotspots.
    The program which is 18 months old had received its funding from the UK government. The program will collect data from 700 connected vehicles both commercial and passenger. This also includes the 100 roadside sensors, across Oxfordshire and London.

    The plan is to collect data which is gathered from driver’s brake or accelerator pedal pattern usage, to steering wheel angular use, how cyclists play on the roads and pedestrians alike and any near-miss incidents.

    The tool not only will define the hotspots of accident-prone areas but it will also predetermine the causes that result in accidents in that zone which are defined as hotspots. It will prepare the councils of that area to take preventive measures.

    The predictive solutions and improvements could include the introduction of red-light cameras at high-risk intersections. Initiatives like removal of nearby trees or the plantation on the intersection to improve the sensors to collect the data of the vehicles plying or any accidents happening could also be in the mix. They are also planning to raise the height of the signages for the drivers to have better visibility of the caution.

    The insights and analysis will be used to further prove and develop the digital road safety algorithm and tool into a scalable, commercial product to benefit cities and citizens around the world, the manufacturer said in a statement.

    The consortium will also seek to uncover further real-world applications for predictive road safety-related insights. Similar operations are being planned in partnership with authorities in places like Cologne in Germany, and Valencia in Spain.

  • Southeast Asia’s largest used car platform unveils experience centre

    Southeast Asia’s largest used car platform unveils experience centre

    Southeast Asian online used car trading platform Carsome has launched its new Carsome Experience Centre in Kuala Lumpur.

    The move signals the opening of the firm’s B2C segment, introducing a highly digitized and transparent car-purchasing process, aimed at addressing consumer distrust when buying second-hand cars. The firm works to enhance trust and assurance throughout the industry’s supply chain in the areas of sourcing, financing, retailing, and after-sales services.

    “We want to create an end-to-end trusted experience for consumers when it comes to buying used cars,” said Carsome co-founder and CEO Eric Cheng.

    “Our Car Purchase Preference Survey showed that 70 percent of car buyers want detailed information on car condition; 60 percent appreciate an extended warranty; and 40 percent value test drive experience and money-back guarantee.”

    The firm offers a one-year warranty and five-day money-back guarantee on selected vehicles. The service also features a home-delivery option. Test drives take place in a controlled setting from the Experience Centre.

    “Carsome’s B2B business has solved a persistent issue for used-car dealers when it comes to sourcing inventory,” said Cheng. “With the launch of our B2C segment, we are now creating a new customer-acquisition channel for our partner dealers to remarket and sell more cars through our extensive marketing reach. This is an exclusive, value-added service to our partner dealers, who can now list their cars on Carsome website for free.”

  • Rolls-Royce Announces New Brand Identity

    Rolls-Royce Announces New Brand Identity

    Rolls-Royce has announced its new brand identity and this new identity continues Rolls-Royce’s journey from automotive manufacturer to a house of luxury. In recent years, Rolls-Royce has experienced change at a quicker rate, and with the portfolio of cars now expanded to five models, the company is looking at a diverse and discerning crowd. It is no surprise, therefore, that the age and demographic of the marque’s clients have decreased significantly to an average of just 43.

    Torsten Müller-Ötvös, Chief Executive, Rolls-Royce, said, “As the marque’s digital presence increases, there has never been a more important time for the visual language of the company to reflect our standing as the leading luxury brand in the world. We have embarked on a fascinating journey of modernizing our brand identity to echo those changes seen in our portfolio, our client demographic, their lifestyle, and the luxury world that surrounds them.”

    Rolls-Royce appointed Marina Willer, partner at Pentagram to create a new brand identity that could move beyond the mechanics of being the ‘Best Car in the World’, and also define the very pillars of luxury the company is known for. Pentagram embarked upon a deep exploration of Rolls-Royce, including its products – both new and old, its design ethos, its designers, clients, and a lot more.

    Willer was able to approach the re-design from a completely fresh perspective and the new look celebrates the luxuriousness of the brand while providing it with the means to visually communicate with Rolls-Royce’s younger, increasingly diversified audiences.

    The Spirit of Ecstasy, which has graced the prow of Rolls-Royce Motor Cars since 1911, will now gain increased prominence in the marque’s brand identity. The original figurine was drawn and sculpted by British artist Charles Sykes. In homage to this historical commission, Chris Mitchell, a leading illustrator of brand and identity icons, was called upon by Pentagram to envisage the distilled form of the iconic statuette. Working closely with Pentagram’s direction, Chris, paid close attention to her proportions which embrace strength and power that cannot be deemed fragile or meek. When depicted in two-dimensional form, her direction has changed from left to right, boldly facing the future, reflective of the marque itself.

    When choosing a color palette for the new identity, Pentagram’s design team initially turned its attention to the company’s products. It was drawn to purple hues, specifically those with a deep and majestic tone. Historically rare in nature and with roots in mythology, art, piety and royalty, purple has always signified wealth and power. A metallic Rose Gold is chosen to complement this color.

    The badge, representing Rolls and Royce, the marque’s founding fathers, is known worldwide as a symbol of engineering excellence and the very best of human endeavor. It is no surprise, therefore, that this famed signifier remains unchanged. The Badge of Honour will reside on the marque’s products alone – reserved solely for the precious creations born at the Home of Rolls-Royce in Goodwood, West Sussex.

  • Porsche Launches Investigation Into Suspected Engine Manipulation

    Porsche Launches Investigation Into Suspected Engine Manipulation

    Volkswagen’s luxury sports vehicle unit Porsche AG has launched an internal investigation into the suspected manipulation of petrol engines, German weekly Bild am Sonntag (BamS) reported. Porsche has informed Germany’s automotive watchdog KBA, the Stuttgart prosecutor’s office, as well as U.S. authorities of suspected illegal changes to hardware and software that could affect exhaust systems and engine components, the paper said.

    “Porsche is regularly and continuously reviewing technical and regulatory aspects of its vehicles,” a Porsche spokesman said. “As part of such internal examinations, Porsche has identified issues and has, just like in the past, proactively informed authorities.”

    The spokesman said that the issues relate to vehicles developed several years ago, adding that there were no indications that current production was affected. The carmaker is working closely with authorities, he said.

    BamS, not citing where it obtained the information, said that engines developed between 2008 and 2013 were the subject of the investigation, including those of the Panamera and 911 models. As part of such internal examinations. Porsche has identified issues and proactively informed authorities.

    The paper also said that apart from discussions with employees, meeting protocols and hundreds of thousands of emails were being examined in search of evidence, adding KBA has launched an official investigation.

  • Kia Sonet Subcompact SUV Pre-Bookings Begin In India

    Kia Sonet Subcompact SUV Pre-Bookings Begin In India

    Pre-bookings for the Kia Sonet subcompact SUV will begin August 20, 2020 onwards. Interested customers can pay ₹ 25,000 and pre-book the Sonet at any Kia Motors dealership or even online on the company’s website. The Kia Sonet made its global debut on August 7, 2020 and is slated to be launched in September 2020. The Sonet will be the first sub-four-meter vehicle from Kia and will take on established rivals such as the Hyundai Venue, Maruti Suzuki Vitara Brezza, Tata Nexon, Ford EcoSport, Mahindra XUV300 and the upcoming Nissan Magnite.

    Like the Seltos, the Sonet will also come in two trim options – GT Line and Tech Line. Kia promises that the Sonet will offer a bunch of class-leading features such as ventilated seats, Bose Surround audio system, a 10.25-inch HD touchscreen with smartphone connectivity, integrated air purifier with virus protection, ambient lighting and wireless charging for mobile phone with cooling function. Like the Seltos and the Carnival, the Kia Sonet will have the company’s UVO connect technology with over 57 connectivity features which include voice assist and over-the-air updates for maps.

    Kookhyun Shim, Managing Director & Chief Executive Officer, Kia Motors India said, “The Sonet is Kia’s answer to customers in the compact SUV segment who want style and substance, quality and features, performance and technology, comfort and safety in one compelling package. The Sonet has been engineered and built with Indian inputs and is a global model for Kia from India. India is the first country in the world where the Sonet goes on sale, and with the commencement of pre-bookings, we are confident our smart urban compact SUV will be warmly received in the country.”

    The Kia Sonet is likely to get four engine options which are – 1.2-litre petrol, 1.0-litre turbo petrol and a 1.5-liter diesel engine in two states of tune. Expect the Sonet to get a 7-speed dual-clutch automatic, 6-speed manual, 6-speed automatic and an iMT or intelligent manual transmission option as well. All three engine options are the same as on the Hyundai Venue, a sibling of the Kia Sonet. We expect the Kia Sonet prices to between ₹ 7 lakh and ₹ 12 lakh (ex-showroom).

    Kia says that in phase-I, the Sonet will be manufactured exclusively in India and then exported to over 70 countries around the globe, a beautiful example of make-in-India, for the world.

  • Porsche Panamera Teased Ahead Of Global Debut

    Porsche Panamera Teased Ahead Of Global Debut

    The 2021 Porsche Panamera is already making quite a buzz after it was crowned the fastest ‘executive luxury car’ at the Nurburgring circuit. It went on beating the Mercedes-AMG GT63 S at the Nordschleife in both 20.6 km and 20.83 km stretch. In a new video, Porsche has shown that the new-generation Porsche Panamera has set a lap record of 7:29:81. The company has also teased the new Porsche Panamera ahead of its unveiling on August 26.

    We still don’t have all the details of this upcoming model but the lap record video confirms that the range-topping Panamera Turbo S variant is definitely on the cards. However, the sport bucket seats and roll cage that we have seen on the test mules won’t make it to the production model. The Porsche Panamera isn’t an outright sports car like the 911 range, hence focus will be inclined towards driver’s and passengers’ comfort, at the same time keeping the driving pleasure intact.

    The Porsche Panamera Turbo is also likely to get a hybrid powertrain belting out 535 bhp and 770 Nm of peak torque. The Porsche Panamera Turbo S gets a 4.0-liter, twin-turbo V8 iteration is expected to deliver 616 bhp and 832 Nm of peak torque. Now as far as looks go, it’s very easy for you to mistake it with the Taycan electric unless you spot the air dam at the front and quad exhausts at the rear. Like modern Porsches, even the Panamera will have an even wider track and expect all new elements like the LED headlights and conjoined LED taillights, new Porsche communication management (PCM) and Porsche Active Management System (PASM) among others.

  • Tata Motors Roll Out 1000th Nexon EV From Its Pune Plant

    Tata Motors Roll Out 1000th Nexon EV From Its Pune Plant

    Tata Motors on Tuesday announced a momentous milestone in the EV segment by rolling out the 1000th Nexon EV from its Pune plant in India. The Indian car manufacturer has achieved this significant landmark in just over six months after the launch of the electric vehicle portraying that the demand and interest for EVs are increasing across the country. The Nexon EV has also helped the carmaker to post a market share of 62 percent in the electric car segment in the first quarter of FY21. Tata Motors’ Nexon EV is the first of its new generation electric cars with the Ziptron technology.

    The EV was launched in the country earlier this year in the presence of the Tata Group Chairman, Ratan Tata and Tata Motors CEO, Guenter Butschek. The EV is priced in India from ₹ 13.99 (ex-showroom, India) for the XM variant. However, the top-end variant – XZ+ costs ₹ 15.99 lakh (ex-showroom, India). The electric SUV is offered in three variants – XM, XZ+, XZ+.

    Shailesh Chandra, President – Passenger Vehicle Business, Tata Motors Ltd. said, “Acceptance of EVs is accelerating fast, and we are seeing growing interest in it from all parts of the country. The rollout of the 1000th Nexon EV in a short time span, despite the challenges of Covid-19, reflects the rising interest of personal segment buyers in EVs. Tata Motors will continue to innovate and develop comprehensive sustainable mobility solutions to meet global standards. EVs are the future and as the industry leader, we are committed to making them desirable and a mainstream choice for the customers.”

    The Tata Nexon EV comes powered by the Ziptron technology offering zippy performance and a range of 312 km on a single charge. The EV also gets fast charging capability, IP67 rated battery as well as class-leading safety features, and 35 connected car features. The electric powertrain makes 245 Nm of peak torque, which is enough for the EV to sprint to clock 100 kmph under 9.9 seconds.

    To further accelerate the adoption of EVs in the country, the homegrown automaker has announced an e-mobility ecosystem called ‘Tata uniEVerse’. Powered by Tata uniEVerse, the customers will get a host of e-mobility options including charging solutions, retail experiences and easy financing options.

  • Car imports plummet nearly half

    Car imports plummet nearly half

    Vietnam imported 44,973 cars in the first seven months, down 47.5 percent year-on-year amid a slump in auto demand due to Covid-19.

    The value of the cars was around $1 billion, falling by 47 percent year-on-year, according to Vietnam Customs. Over 80 percent of the cars were imported from Thailand and Indonesia, tax-free under the ASEAN Trade in Goods Agreement. Thailand accounted for 19,944 units and Indonesia for 17,723.

    July saw a recovery from the previous month to 4,760 cars worth $107.7 million, up 34 percent and 10 percent. Auto sales in the first seven months fell 28 percent year-on-year to 131,200 units, with the Vietnam Automobile Manufacturers Association (VAMA) blaming it on a fall in demand due to the pandemic.

  • Toyota, Mazda Joint Venture Alabama Plant Will Now Cost $2.3 Billion

    Toyota, Mazda Joint Venture Alabama Plant Will Now Cost $2.3 Billion

    Toyota Motor and Mazda Motor Corp said on Thursday they will invest $2.3 billion (1.76 billion pounds) in a new joint venture factory in Alabama, $830 million more than announced in their original plan in 2018. Production is expected to start next year building up to 150,000 future Mazda crossover vehicles and 150,000 Toyota sport utility vehicles annually. The Japanese automakers are expected to receive $97 million in additional tax incentives for the added investment, a person briefed on the matter said.

    The automakers have faced challenges as they continued construction work during the coronavirus pandemic on the plant, which will now cost about 50% more than first estimated. The companies said the higher investment “accommodates production line enhancements made to improve manufacturing processes.”

    The plant continues to target up to 4,000 new jobs and has hired approximately 600 employees to date. “Mazda and Toyota’s increased commitment to the development of this manufacturing plant reiterates their belief in the future of manufacturing in America and the potential for the state of Alabama to be an economic leader in the wake of unprecedented economic change,” Alabama Governor Kay Ivey said in a statement. The companies said the plant’s roofing, siding, floor slabs, ductwork, fire protection, and electrical work is 75% to 100% complete.

    State and local governments in Alabama previously provided more than $700 million in tax incentives. In September, President Donald Trump and Japanese Prime Minister Shinzo Abe signed a limited trade deal that cuts tariffs on U.S. farm goods, Japanese machine tools and other products but delayed the question of auto imports for future talks. Trump threatened hikes but did not raise current auto tariffs of 2.5% on passenger vehicles and 25% on pickup trucks.

    Japan exported 1.7 million vehicles last year to the United States, making up about 10% of U.S. vehicle sales.

  • Sony Marching Ahead With The Development Of The Vision-S Concept Electric Car

    Sony Marching Ahead With The Development Of The Vision-S Concept Electric Car

    Sony stole the show at CES 2020, alas the last major trade show, before the world was crippled by the pandemic. And the company introduced its show-stopper which was something it is not known for. Cars, an electric one to be precise. Sony’s Vision-S concept stole the show at CES, but at the time, the Japanese company insisted that this wasn’t an overture for a product, but instead just a concept and more about the technology.

    It turns out Sony has more plans for the electric car and now is marching ahead with its development. Magna, the company behind the electric car platform, has now started involving the car in road testing trials in Tokyo, Japan which is also Sony’s home turf. Previously, the car was parked in the Magna Steyr factory in Graz, Austria.

    Just to recap, the Vision-S concept has 33 sensors feeding the driver assistance system coupled with an all-new electric powertrain. The 33 sensors leverage Sony’s leadership in imaging technology with a slew of CMOS and time of flight (ToF) sensors embedded in the system that kind of replicates the job of a LiDAR for autonomous capabilities.

    The car also gets some goodies from Sony’s iconic audio group with technologies like a 360-degree reality audio system that has speakers built-in the seat. Like Tesla, this car even had a panoramic screen for the core user interface of the car. It even features technologies from Bosch and Blackberry which has the QNX automobility platform.

    While Sony hasn’t communicated anything officially that it will be pursuing this venture more seriously, the fact that the car is being tested on roads in Sony’s home, indicates something bigger. It also comes at a time when many big tech companies have started struggling or failing with electric car ventures. Notable examples are Apple and Dyson. While Dyson has pulled the plug on the project, Apple has pivoted towards the development of autonomous car technology which can be integrated with third-party manufacturers rather than making the so-called prophetic “Apple Car”.

  • Upcoming Kia Sonet Spotted In A New Unlisted Orange Shade

    Upcoming Kia Sonet Spotted In A New Unlisted Orange Shade

    New spy photos of the Kia Sonet have surfaced online, and while we know that the SUV has already been unveiled, these new ones warrant attention. The Kia Sonet in these photos comes in a special orange exterior color, which is not listed on the company’s website among its official colors. It’s possible this could be a one-off, or a special color will be introduced at the time of the launch or sometime in the near future. As of now, Kia dealers have opened unofficial pre-bookings for the new subcompact SUV, while the official bookings will commence later this month. The launch, of course, is slated for September 2020.

    The new Kia Sonet will be offered in both GT-Line and Tech-Line trims, and the former will come with sportier styling with different bumpers, black exterior details, and red accents. The SUV also comes with Kia’s signature Tiger Nose grille with LED headlights, LED daytime running lamps, sporty 16-inch alloy wheels, LED taillamps, roof trails, and more. The cabin too will come with a premium design, offered in either a dual-tone beige/black treating (Tech-Line) or all-black interior with red accents (GT-Line). The GT-Line trim will also come with a flat-bottom steering wheel.

    On the features front, the upcoming Kia Sonet will come with a segment-first 10.25 inch HD infotainment display with Kia’s UVO connected car tech, premium Bose 7 Speaker sound system with mood lights, segment-first ventilated front seats, air purifier which claims to come with virus protection, wireless phone charger, and an electric sunroof among others. Kia says the Sonet will feature an extensive list of active and passive safety equipment, including up to six airbags – including front, side, and curtain airbags.

    Powertrain wise, the new Kia Sonet will share its engines with the Hyundai Venue, so it will come with a 1.2-liter naturally aspirated petrol engine, a 1.5-liter diesel motor, and a 1.0-liter turbocharged petrol engine. Transmission options will include a 5-speed manual, a 6-speed manual gearbox, a DCT automatic, 6-speed Intelligent Manual Transmission (iMT) unit, and an automatic torque converter unit for the diesel model.