Maruti Suzuki Defers EV Plan | The Auto World This Week



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Maruti Suzuki defers EV plan, says will not launch Wagon R EV in 2020

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Schumer proposes $462 billion car swap – gas for electric

Senate Minority Leader Chuck Schumer is moving Democrats’ climate talk to where the rubber meets the road, proposing a $462 billion trade-in program to get millions of Americans out of climate-damaging gas vehicles and into electric or hybrid cars over the next decade.

Schumer’s rebate proposal late Thursday joins a mix of trillion- and multitrillion-dollar programs that Democratic presidential candidates have outlined to urgently cut oil, gas and coal emissions, as climate change weighs as an issue in the 2020 campaigns. Read Full Story.

Renault chairman vows to get Nissan alliance back on track next year

The Renault-Nissan partnership was rocked by former alliance boss Carlos Ghosn’s arrest in Tokyo almost a year ago on financial misconduct charges, which he denies.

The two firms are still trying to repair relations, including through recent management overhauls, to focus again on combined efforts to cut costs and invest in new technologies – among the pressing issues thrown into sharp relief by a Renault profit warning last week. Read Full Story

Ford cuts full-year profit outlook as third-quarter profit dips

Ford Motor Co this week cut its forecast for operating profit for the year after a disappointing third quarter that Chief Executive Jim Hackett blamed on higher warranty costs, bigger discounts and weaker than expected performance in China.

The No. 2 U.S. automaker still faces the prospect of negotiating a new four-year labor agreement with the United Auto Workers following the union’s more than month-long strike against General Motors Co, which cost GM about $2 billion according to analysts. Read Full Story

To go big on EVs, Japanese car makers think super-small

They are betting such EVs are best-placed for Japan’s narrow streets, cramped parking spaces and rapidly ageing society, and that the vehicles will eventually catch on globally too as the elderly population grows. But the jury is still out on whether these vehicles will work overseas.

As global automakers race to put long-range electric vehicles on highways amid stricter emission laws, Japanese rivals are taking a niche approach and steering towards cheaper, pint-sized runabouts to make costly battery technology more accessible. Read Full Story



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