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Retail Asia09/01/2020

Investors have sued Daimler for 896 million euros ($1 billion) in a regional court in Stuttgart, accusing the carmaker of concealing its use of emissions cheating software, German law firm TILP said on Tuesday. The suit was filed on behalf of institutional investors who accuse Daimler of failing to inform investors about the risks and […]

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Retail Asia06/01/2020

Volkswagen on Thursday said it was in talks to discuss a settlement with German vehicle owners who are suing the carmaker over excessive pollution caused by VW’s diesel cars. In 2015 the carmaker admitted to using manipulated engine management software to mask excessive pollution levels in its diesel cars, sparking a raft of prosecutions and […]

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Retail Asia02/01/2020

Volkswagen on Thursday said it was in talks to discuss a settlement with German vehicle owners who are suing the carmaker over excessive pollution caused by VW’s diesel cars. In 2015 the carmaker admitted to using manipulated engine management software to mask excessive pollution levels in its diesel cars, sparking a raft of prosecutions and […]

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Retail Asia04/12/2019

Oil marketing companies have left petrol and diesel prices unchanged across the country on Wednesday. According to Indian Oil Corporation website, a litre of petrol costs Rs 74.76 in Delhi, Rs 77.44 in Kolkata, Rs 80.42 in Mumbai and Rs 77.72 in Chennai on Wednesday. Dies el costs Rs 65.73 a litre in Delhi, Rs […]

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Retail Asia02/12/2019

Fuel and convenience retailer Caltex is planning to undertake an initial public offering (IPO) of up to a 49 percent stake in 250 retail sites. The retailer would retain a majority 51 percent interest and enter into a long-term lease agreement for each site. The 250 sites represent all the freehold sites in a core […]

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Retail Asia25/11/2019

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Petrol prices have surged in Delhi, Mumbai, Kolkata and Chennai, seeing a hike of 16 paise/litre. The upward trend in petrol rates continued on the fifth consecutive day on Monday, while the diesel prices remained constant for the sixth day in continuation. The prices have been affected by the rise in the crude oil rates […]

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Retail Asia13/11/2019

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Petrol prices continued a downward trend for the fifth consecutive day on Tuesday, while diesel prices remained unchanged after a slight dip on Monday. Delhi, Kolkata, Mumbai and Chennai saw a reduction of 5 paise/litre in petrol prices. According to the Indian oil website , in Delhi, Kolkata, Mumbai and Chennai, the petrol rates were […]

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Retail Asia16/10/2019

Fuel price rates continued a downward trend for the second day on Friday. Delhi, Kolkata, and Mumbai saw a decline of 18 paisa a litre on petrol and Chennai 19 paisa per litre. Similarly, diesel rates also reduced by 8 paisa a litre in Delhi, Kolata and Mumbai and in Chennai the reduction was by […]

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Retail Asia08/10/2019

Honda Motor said it would phase out all diesel cars by 2021 in favor of models with electric propulsion systems, as the Japanese automaker moves to electrify all of its European cars by 2025. Honda is the latest automaker cutting production of diesel cars to meet stringent global emissions regulations. The plan is part of […]

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Retail Asia08/10/2019

Daimler says to pay 870 mn euro fine over diesel recalls

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Retail Asia03/10/2019

South Korean automaker Hyundai will pay a $47 million fine for illegally importing and selling dirty diesel engines in violation of American environmental rules, US authorities announced Thursday. Between 2012 and 2015, the company imported nearly 2,300 diesel-powered heavy construction vehicles with engines that did not meet US emissions standards, the US Justice Department said in a […]

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Retail Asia14/06/2019

Automotive supplier Bosch has agreed to pay a 90 million euros ($100.21 million) fine for lapses in supervisory duties which enabled carmakers to engage in emissions cheating, German prosecutors in the city of Stuttgart said on Friday. Privately-held Bosch, the world’s biggest automotive supplier, delivered around 17 million technical devices equipped with engine management software, […]

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Retail Asia29/05/2019

Increased competition and the rising price of crude oil had a negative impact on convenience and petrol station owner Caltex’s first quarter earnings. The retailer announced that earnings from both its fuels and infrastructure business and its convenience business were down in Q1 on the same period in 2018, which contributed to a net profit […]

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Retail Asia28/05/2019

German prosecutors have imposed a fine of 535 million euros ($598.99 million) on German luxury carmaker Porsche AG for neglecting supervisory obligations linked to diesel emissions cheating, they said in a statement on Tuesday. Prosecutors in the southern city of Stuttgart said that the company’s development department had neglected its legal obligations, which ultimately led to the […]

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Retail Asia22/05/2019

Maruti Suzuki’s move to phase-out all diesel models within a year has certainly raised eyebrows. Tata Motors also in the past has said that it will only convert its 1.5-litre and above displacement diesel engines to BS6 and the low displacement diesel engines won’t make it beyond the timeline. There were several speculations about other carmakers as […]

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Retail Asia20/05/2019

Surging global oil prices will pose a first big challenge to India’s new government, whoever wins an election now under way, especially as domestic prices have been allowed to lag, meaning consumers are in for a painful surge as they catch up. For oil-import dependent India, higher global prices could lead to a weaker rupee, […]

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Retail Asia17/05/2019

Just days after announcing phasing out of diesel engines within a year, Maruti Suzuki has launched the 2019 Ertiga with its in-house developed 1.5-litre, DDiS 225 diesel engine. Maruti is offering the Ertiga 1.5 in three variants- VDI, ZDI and ZDI+ with prices starting at ₹ 9.86 lakh for the base trim and going up to ₹ 11.20 lakh […]

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Retail Asia22/03/2019

The Maruti Suzuki Ertiga was introduced in India last year and is sold in a number of markets including several South East Asian countries. The new generation model is being offered with several upgrades overseas and latest one is a new special edition model for Philippines. The Suzuki Ertiga Black Edition brings an all-black interior […]

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Retail Asia15/03/2019

The 2019 Ford Figo facelift is all set to go on sale in India on March 15, 2019. The car is set to receive an update over three years later and the facelifted Figo will come with a bunch of cosmetic changes, sharing most of its cues with the Aspire facelift, along with some new […]

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Retail Asia08/03/2019

Famed denim streetwear brand Diesel USA has collapsed, filing for bankruptcy protection in Delaware. According to papers filed with the court, the company has up to $100 million in assets and as much as $50 million in debts. The company filed for bankruptcy after unsuccessfully lobbying landlords for rent reductions. However under a three-year proposed […]

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