Automobile

A mixed picture for US cars sales

Chicago - Muslimchronicle

The American automobile market offered a mixed picture in October, with some companies maintaining a sales upswing thanks to hurricane recovery, while others once again saw declines. American car sales declined 11 percent compared to the prior month, and fell 1.3 percent compared to October 2016, according to research firm Autodata. Despite plentiful financial incentives and a relatively flat averageRead more

Scandal-hit Nissan sales halved in Japan

Tokyo - Muslimchronicle

Nissan's passenger car sales plummeted more than 55 percent in Japan last month, data showed Wednesday, after the company suspended all domestic production due to an inspection scandal. In October, sales of Nissan-brand passenger cars stood at 10,134 vehicles, down 55.2 percentage points from a year earlier, Japan Automobile Dealers Association said. The drop comes after Nissan admitted it hadRead more

Honda faces long haul to recoup jet costs

Tokyo - Arab Today

After three decades building an airplane from scratch, Michimasa Fujino, 56, chief engineer of the Hondajet, might have to reach a ripe old age to see Honda Motor's pet aviation project recoup its development costs. Honda has declined to reveal the costs, but the automaker has been researching aircraft development since 1986, and Richard Aboulafia, vice president of analysis atRead more

Guangzhou Auto starts building $240m Xinjiang plant

Urumoi - XINHUA

Guangzhou Automobile Group Co., Ltd on Wednesday started construction of its assembly plant in northwest China's Xinjiang Uygur Autonomous Region. With an investment of 1.6 billion yuan (240 million U.S. dollars), the plant has a designed annual production capacity of 100,000 cars and will create 1,500 jobs. Located in the Urumqi economic and technological development zone, the plant is scheduled to beginRead more

South Korea's Automobile Overall Output Shrinks on Overseas Production

Seoul - QNA

South Korea's automobile output is on a decline but largely due to a rise in overseas production, industry data showed Thursday. In 2015, the country's overall automobile output came to 4,555,957 units, down 2.2 % from 4,657,094 in 2011, according to the data from the Korea Automobile Manufacturers Association (KAMA). South Korea and Germany were the only countries among theRead more

Offline ceremony of new Mercedes-Benz E-Class L vehicle held in Beijign

Beijing - Xinhua

Peter Schabert, president and CEO of Beijing Benz Automobile Co., Ltd. (BBAC), speaks during the offline ceremony of new Mercedes-Benz E-Class L vehicle in Beijing, capital of China, June 16, 2016. The new vehicle has automatic drive technology and advanced driver assistance system. source : xinhua Read more

South Korean Car exports shrink for 6 straight Months in April

Seoul - QNA

South Korea's automobile exports extended their losing streak to six straight months in April due mainly to shrinking demand from emerging markets, the South Korean government said Sunday. Outbound shipments of vehicles came to 228,502 units last month, down 19 % from 282,044 units tallied a year earlier, according to the Ministry of Trade, Industry and Energy. The April figureRead more

South Korean car exports dip for 5 straight months in March

Seoul - QNA

South Korea's automobile exports contracted for five months in a row in March due mainly to waning demand from emerging markets amid fast-falling commodity prices, the government said Sunday. Outbound shipments of vehicles came to 263,197 units last month, down 4.6% from 275,999 units tallied a year earlier, according to South Korea's Ministry of Trade, Industry and Energy. The MarchRead more

Ambassador: Proton technical team to visit Egypt in April.

Kuala Lumpur - Arab Today

A technical team from Proton Holdings Berhad, a Malaysian automobile manufacturer, is scheduled to visit Egypt in April to discuss with Egyptian officials the establishment of a factory to produce 100,000 cars a year, Egyptian Ambassador to Malaysia Salah el Wessimy said on Thursday. Speaking to MENA, Wessimy said the Malaysian automobile company seeks to make use of Egypt's distinguishedRead more