The company also announced that the Kwid is now more accessible with the RXL variant launched with a BS6 compliant 1.0L powertrain in MT and AMT versions. The new RXL variant will be very competitively priced, at INR 4.16 lakh (ex-showroom) for the MT and Rs 4.48 (ex-showroom) lakh for the AMT version
The new Scout now comes with a new 2.0 TDI EVO delivering 200 PS and 400 Nm – the most powerful diesel engine in OCTAVIA history. Furthermore, Skoda is offering the Octavia Scout with front-wheel drive in addition to all-wheel drive
Reducing or cancelling the 5.5 billion euro ($6.2 billion) special dividend Fiat Chrysler (FCA) is due to pay to its shareholders before the merger is closed would allow the new group to retain cash at a time when the coronavirus crisis has badly hit car markets around the world.
A second person with knowledge of the situation also said LG Chem is converting some of its production in South Korea to produce batteries for Tesla. An LG Chem factory in Nanjing, China, already makes batteries for Tesla
Domestic motorcycle production would gain some support from shift in demand but more benefit would accrue from the export market as the demand for motorcycles remains relatively robust in many emerging markets (EMs), the Fitch Group unit said in a statement
