Record Sales Of Used Cars In UK

Britain’s used car market reached record levels in 2016 with 8.2 million vehicles finding new owners, an increase of 7. 3 percent, according to figures published by the Society of Motor Manufacturers and Traders (SMMT). Meanwhile, 1.8 million used cars changed hands in the fourth quarter, with a 5.5 percent rise in October. The market […]

Toyota Hybrids Sales Exceed 10 Million

Toyota Motor Corporation, as of January 31, 2017, has sold globally 10.05 million units of its hybrid vehicles, demonstrating the staying power of a technology that is now emerging as a mainstream solution to reduce greenhouse gas emissions and other pollutants. Toyota has encouraged the mass-market adoption of hybrid vehicles across the globe. The company […]

Logicity Enters Second Phase

Logicity, an industrial park promoted by Sree Kailas Group and created to house vendors of OEMs and other entrepreneurs, will expand capacity of the first phase of the project soon and then take up construction of the second phase in the same campus. The facility now has six lakh sq ft of built-up area, in […]

Mercedes-Benz Pioneers ‘Fit & Healthy’ Project, Makes Comfort Intelligent

Mercedes-Benz is engaged in a pioneering `Fit & Healthy’ project designed to enhance the well-being of passengers. Hence, with the car of the future Mercedes-Benz is supporting an active and healthy lifestyle with intelligent comfort solutions. Alongside a workplace and private environment, the vehicle interior is increasingly becoming a `third place’, a living and relaxation […]

CloudCar Gets $15M JLR Investment

CloudCar, based in Palo Alto, California, a leading developer of connected driver experiences, has announced a $15 million minority investment in the company from Jaguar Land Rover, the UK’s largest automotive company. In addition to the investment, Jaguar Land Rover will adopt its next-generation cloud services platform. With machine-learning capabilities tied to various sensors in […]

Honda Canada To Revamp Ontario Plants

Honda of Canada Mfg. (HCM), a division of Honda Canada Inc., is investing $492 million over the next three years to allow the company to modernize its Ontario manufacturing facilities and improve its manufacturing carbon footprint, which is part of Honda’s global initiatives. The new investment brings Honda’s total Canadian facilities investment to over $4.7 […]

Penske Auto Expands UK Presence

Penske Automotive Group, an international transportation service provider and the leading retailer of prestige vehicles in the UK, has signed an agreement to acquire CarShop, one of the leading retailers of used vehicles in the UK. CarShop retails high-quality used vehicles at fixed retail prices as part of a transparent customer buying experience. CarShop has […]