Toyota, one of the world’s biggest carmakers, began operating in India in 1997. Its local unit is owned 89% by the Japanese company and has a small market share Toyota Motor Corp. won’t expand further in India due to the country’s high tax regime, a blow for Prime Minister Narendra Modi, who’s trying to lure global […]
Honda announced plans to combine all of its automobile manufacturing and product development facilities in the U.S. into one new company, in similar fashion to the consolidation announced in February in Japan. The new entity will be called Honda Development & Manufacturing of America (HDMA) and will incorporate all the carmaker’s facilities related to frames, engines and […]
Seat is no longer responsible for the development of the MEB Entry project The Volkswagen Group has taken responsibility for the development of its new entry-level electric car project out of the hands of Seat in a reworking of its global operations, according to new reports.