Chief marketer Tony DiSalle dismisses speculation the Avista concept will be converted from a coupe and replace the Regal sedan in the Buick lineup. He says public reception to the Avista wasn’t quite enthusiastic enough to earn a production thumbs-up.
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Ford’s EV Production Plans, Shareholders Sue VW, GM Attacks Uber
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The 5-year government license allows testing engineers from the Hyundai-Kia Namyang Technical Center to operate the vehicle for testing purposes on a 25-mile stretch of public road in Seoul.
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“About 30% of Australia’s new car-intenders plan to buy either a Toyota or Mazda in the next four years—up almost 3 percentage points compared with a year ago,” market researcher Jordan Pakes says.
Russian Association of Auto Dealers President Vladimir Mozhenkov says the existing dealer network is designed to sell at least 3 million cars per year. Light-vehicle sales in 2015 totaled just 1.6 million units, down 35.7% from prior-year, WardsAuto data shows.
EV use will be opened to the public in the third phase in 2020 when the government says it will offer support to help develop basic infrastructure, smart charging and vehicle-to-grid systems.
Volkswagen's financial services arm said it had set aside 353 million euros ($391 million) in reserves mainly to cover potential declines in residual values on cars in its leasing fleet, in the wake of the diesel emissions cheating scandal.
Russian Industry and Trade Minister Denis Manturov said on Tuesday the key task for the new head of Russia's largest car maker, AvtoVAZ, should be focus on domestic car part suppliers, Interfax news agency reported.
Toyota says it is finalizing a base wage increase of ¥1,500 a year for its unionized workers, whose leaders had demanded ¥3,000, as well as a one-time bonus equal to about seven months' pay.
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