Automobile

UVeye's drive-through system combines artificial intelligence, cloud architecture, machine learning and sensor fusion technologies to help standardise and speed up vehicle inspection processes, reports Yonhap news agency.

The company said withstanding the current market challenges and lockdown situation, MINI India regained momentum swiftly in the second half of the year. Accordingly, in Q4 2020 (October - December), MINI India posted the highest-ever quarter with a remarkable growth of 34 per cent as compared to the same period in 2019 and also closed the year with the highest-ever monthly sales in December.

A total of 2.53 lakh passenger vehicles were sold last month compared to over 2.22 lakh units during the same period of 2019. Two-wheeler sales also improved 7.42 per cent on a year-on-year basis to 11.28 lakh units during the period under review.

IONIQ 5 will be the first vehicle mated with Hyundai Motor Group's Electric-Global Modular Platform (E-GMP), an innovative system made exclusively for next-generation battery electric vehicles.

The report said spot prices of base commodities saw a sharp increase (15-40 per cent) over 2QFY21. "Considering 3-6 month contracts, we expect the impact of base commodity prices to reflect in the P&L from 3QFY21 onwards. Base commodity price inflation would have a 350-400bp gross impact over the next 2-3 quarters," the report said.

The widening global shortage of semiconductors for auto parts has forced major auto companies to "halt or slow vehicle production just as they were recovering from pandemic-related factory shutdowns." Ford will idle its plant in Kentucky for a week. Nissan has said it will reduce production at one of its plants in Japan, which makes the Note, a car not sold in the US.

Accordingly, the new prices will become effective from the day. The company said in case of 'All New Thar', the current price increase will be effective for all bookings done between December 1, 2020 and January 7, 2021.

The large, curved screen panel extends almost the entire width of the interior, from the left to the right A-pillar. In addition to its sheer size, the high-quality, detailed design aesthetic represents the emotionally appealing dimension of the "MBUX Hyperscreen," the company said in a statement on Thursday.

According to Korea Economic Daily, Hyundai Motor and Apple are likely to jointly develop self-driving electric cars. The news saw Hyundai Motors share go up to its highest point in eight years. "Apple is in negotiations with multiple global automakers. Hyundai is one of them and we are in early stages of talks. Nothing has been decided," the South Korean automaker said in a statement.

The South Korean unit of Renault SA has suffered a sharp decline in sales due to lack of new models and the pandemic's impact on production and sales. The company plans to cut the number of executives by 40 per cent to 30 and pay by 20 per cent starting in January, a spokesman said over the phone. It reportedly may consider offering a voluntary retirement program to employees.