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Tata Motors profit impacted by Chinese woes

Tata Motors profit impacted by Chinese woes

India’s Tata Motors, the parent company of British luxury automaker Jaguar Land Rover, had a surprise drop in profit, mainly because Jaguar and Land Rover sales slid in China, as premium automakers are pressured to lower prices. India’s largest automaker by revenue said its quarterly net profit for the period […]

Peugeot RCZ to be dropped from production

Peugeot RCZ to be dropped from production

Peugeot has plans of reducing its models and part of this means discontinuing the RCZ. The Peugeot RCZ will be soon dropped from production. The model in question will not be getting a successor and this is part of the company’s strategy of reducing the number of vehicles from 26 […]

Hyundai reports declining first quarter profit

Hyundai reports declining first quarter profit

Hyundai Motor, South Korea’s largest automaker and the fifth biggest in the world when taken together with affiliate Kia Motors, recently reported its profits during the first three months have fallen for the fifth straight quarter. The fifth consecutive profit slump at the carmaker was triggered by rising incentives in […]