Day: June 7, 2020

Impact on sourcing due to mass exodus of companies from China, Auto News, ET Auto

By Abhishek Agrawal

What is prompting providers to change manufacturing from China?

In excess of the earlier two many years, China has served as the manufacturing hub for providers in several industries globally. Even so, trade war with the US, expanding price of labor, lack of manpower and the latest COVID–19 pandemic may make it hard for China to retain its posture as the epicenter of producing.

Critical Drivers for the Change

Since early 2019, producing providers around the globe have been searching to reduce their source chain dependence on China. The outbreak of the pandemic has intensified the quest

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Jaguar Land Rover raises $705 million loan from Chinese banks, Auto News, ET Auto

The loan facility &quotcan help JLR China better manage cash flow amid the coronavirus epidemic&quot, Yu told reporters on Friday.
The personal loan facility “can assist JLR China far better control hard cash stream amid the coronavirus epidemic”, Yu told reporters on Friday.

SHANGHAI: Jaguar Land Rover (JLR), owned by India’s Tata Motors, has entered into agreements with loan providers in China for a secured expression personal loan facility of five billion yuan ($704.fifty million), marking its to start with personal debt financing in China, it said.

Arthur Yu, JLR’s vice president and China chief money officer, said the Chinese financial institutions that would deliver it with the a few-12 months revolving personal loan include Financial institution of China, ICBC,

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Kia Motors and MG Motor India consolidate leadership position in SUVs amid slowdown, Auto News, ET Auto

The Seltos had ended 2019 with a market share of 19 percent, despite commencing sales only in August.
The Seltos experienced finished 2019 with a industry share of 19 percent, in spite of commencing profits only in August.

NEW DELHI: Kia Motors and MG Motor have consolidated their leadership positions in two essential SUV segments with the Seltos and Hector, even as India’s automobile business is passing by way of its most challenging situations.

The Kia Seltos held a fifty eight% share of the mid-dimensions SUV industry in the to start with five months of 2020. The MG Hector as well accounted for far more than fifty percent the total profits the premium SUV area. Both providers are

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Covid-19 impact on auto ancillaries: Opinion: Auto ancillaries

Factories are slowly coming out of the clampdown not to normalcy but amidst continuing fight against the virus, placing additional burden on management.
Factories are bit by bit coming out of the clampdown not to normalcy but amidst continuing fight against the virus, inserting more load on administration.

By V D Umashanker

The challenges that producing industries are facing soon after finish shut down for two months is unparalleled. For the auto ancillary industries it is significantly additional intricate due to the fact of the mother nature of the industry, higher money expenses, incredibly highly diversified assortment of components coming jointly, dependence on numerous suppliers, mostly in the MSME sector and the higher requires placed by OEMs on excellent, expense and timely deliveries.
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2021 Toyota Sienna Review, Ratings, Specs, Prices, and Photos

The 2021 Toyota Sienna minivan with out there all-wheel travel now will come as a hybrid that Toyota estimates will get 33 mpg merged. The fourth-technology minivan will come with far more regular characteristics, up-to-date technological know-how, far more premium alternatives, and a new search inside and out. 

Even even though Toyota took layout cues that array from bullet trains to SUVs, the Sienna is at its main a minivan that can seat up to eight in comfort and ease and with benefit. Lop off the back again stop and it could move for a little something else, but then

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