Auto News 5

SEAT's global sales in the year so far till the end of September have set a new record. Since January, the carmaker delivered 415,600 cars worldwide, which is 17.1% more than in the same period last year (354,900 cars).

Denso Corporation has announced it has taken a 2% equity stake in eSol, a leading developer of real-time embedded software solutions. Denso will use eSol's technologies to develop software for the systems and products required for automated driving.

Alliance Ventures, the corporate venture capital fund of Renault-Nissan-Mitsubishi has announced that it led a US$5m Series A investment in Coord, the US mobility data platform.

Thai automotive components manufacturer Aapico Hitech plans to increase its stake in its Indian joint venture Sakthi Global Auto Holdings Limited (SGAH) to 49.99% from 25.1%, according to reports in Thailand.

South Korean automotive equipment manufacturer Hyundai Mobis has said it has identified two local technology start-ups with which it wants to co-develop future automotive digital services.

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Tesla said orders for cars placed by Oct. 15 will be eligible for a full federal tax credit of $7,500 and these customers will get their cars delivered by the end of the year.

New vehicle sales in China fell by 11.6% to 2.39 million units in September from strong year-earlier sales of 2.71 million units, according to data gathered by the China Association of Automobile Manufacturers (CAAM).

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UK government funded grants for the purchase of new hybrid and electric cars are to be cut.

Tata Motors sent its chief of corporate communications, Suresh Rangarajan, on leave following allegations of inappropriate behavior by him with female employees.

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China's Foton plans to sell a 67 percent stake in Borgward as losses escalate at the German brand it revived four years ago.

China's Foton plans to sell a 67 percent stake in Borgward as losses escalate at the German brand it revived four years ago.

China's Foton plans to sell a 67 percent stake in Borgward as losses escalate at the German brand it revived four years ago.

The UK government's decision to cut incentives for plug-in hybrid vehicles could have a devastating impact on demand, industry association SMMT said.

Daimler could be the first automaker to offer a combustion engine car with a 62-mile electric range, when it launches the Mercedes GLE plug-in hybrid vehicle in the second half of next year.

Daimler could be the first automaker to offer a combustion engine car with a 100 km (62 mile) electric range, when it launches the Mercedes GLE plug-in hybrid vehicle in the second half of next year.

Plug-in hybrids have been dealt a huge blow by the new WLTP emissions regime in Europe because many of the models are no longer eligible for tax breaks.