Category: car
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1/10 Auto Dealers may face closure
Even after the lockdown, auto sales are uncertain and many small and medium-sized vehicle dealers are looking to close the store or merge their businesses with larger dealers. There are currently 15,000 auto dealerships across India (including 2,3 and 4 wheelers). Famous people said they plan to close at least 8-10 percent of these dealerships…
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Mahindra plant in Michigan creates new ‘arsenal of health’ to combat COVID-19
Indian automaker Mahindra has partnered with Michigan General Motors Company and Ford Motor Company in its “Arsenal of Health” efforts to create a Medical Personnel Protection Equipment (PPE) for health workers struggling with Kovid-19. More than 20 Mahindra employees make medical shields from windshields at the Michigan plant. Doctors, nurses, local front-line health care workers…
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Imapct of COVID-19 on Auto Dealers
With demand slowing, the Indian auto industry is in crisis with the COVID-19 lockdown and uncertainty about when to return to normal. With dealerships closing, OEMs and auto dealers are in serious doubt. Speaking at ETO Live webinar, MG Motor India President and MD Rajiv Chabha said, “This is a golden time to focus on…
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Ford proposes to pay $30M to settlement transmission lawsuit
According to media reports, Ford is proposing to pay at least $ 30 million to settle a class-action lawsuit filed by Fiesta and Focus car owners. About $ 2 million represents current or former owners of the 2011-2016 Ford Fiesta or the 2012-16 Ford Focus Dual-Clutch PowerShift Six-Speed ??Transmission. Proponents of Ford’s internally known transmission…
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Maruti Suzuki sales decline in March due to coronavirus; Lockdown to worsen auto industry’s condition
Sales of India’s largest carmaker Maruti Suzuki India fell 16 percent in the last financial year as the auto industry, already under pressure from a sluggish economy and thin demand, was hit by the spread of coronavirus. Maruti, which has a 50 percent share in the Indian passenger car market, sold 1.56 million vehicles in…