New Cars News

Volkswagen has teased the T7 Multivan which will be an all-new plug-in hybrid van for the very first time and will also have a pure EV mode.

The company has also assured financial assistance in case of any unexpected demise of an employee due to Covid-19.

On standalone basis, the company has recorded a net profit or profit after tax (PAT) of Rs. 137.38 crore in the last quarter of FY2021 as compared to a net loss of Rs. 8.13 crore that was recorded a year ago.

For all Audi customers whose standard warranty, extended warranty or service plans were about to expire during the lockdown period - between April, May and June 2021, the company is extending the same till June 30, 2021.

The net loss is primarily attributed to a large write off related to subsidiary Jaguar Land Rover as Tata Motors wrote down assets worth Rs. 9,606.1 crore for cancelled models at Jaguar Land Rover (JLR).

Siddharth Shriram had led the Usha Internartional group in forming two JVs with the Japanese carmaker.

One of the investors profiled in the book "The Big Short' and the film of the same name for betting more than a billion dollars against the U.S. housing bubble, Burry has been skeptical of Tesla's sky-high valuations.

Lamborghini has announced that its entire product line-up that as of now includes- the Aventador, Huracan and Urus, will be hybridised by 2024.