Car industry

Investors are worried about the financial health of Credit Suisse after the bank’s shares fell. The bank’s chief executive tried to reassure investors last week, but his efforts appear to have failed. Credit Suisse is due to unveil a restructuring plan at the end of the month, and many fearRead More →

The end of 2022 is now in sight, Mariah Carey All I want for Christmas is you should start playing in your local supermarket any day now, but after two and a half years of global economic and industrial disruption, the issues that have crippled the automotive supply chain sinceRead More →

Munich. A first in the automotive industry, the models of the NEUE KLASSE to be launched from 2025 will include plastic trim elements whose raw material contains around 30% recycled fishing nets and ropes. This raw material is proactively sourced from ports around the world to ensure it does notRead More →

These automakers are entering the NFT space. Last year, a Tesla Model X miniature car signed Elon Musk was struck as a non-fungible token (NFT) and auctioned on OpenSea. The auction didn’t turn out to be very successful (probably because it wasn’t an official release made by Tesla), but itRead More →

IT MIGHT be somewhat removed from the automotive space, but the fact remains that electricity, its production and its use occupy a prominent place in a world towards which we are rapidly moving. Combined with other forms of new power generation systems, fuel cells produce electricity from hydrogen through anRead More →

Electric vehicle maker Polestar said on Thursday that its revenue nearly doubled in the first half of 2022 due to rising demand and that it may have to raise prices further if material costs continue to rise. “We continue to have a very strong order book,” chief financial officer JohanRead More →

David Borland, EY UK & Ireland Automotive Leader, comments on the SMMT new car registration figures for August 2022: “The trilemma of financial, energy and supply chain pressures continues to impact all sectors, with automotive at the center of the storm. showed some green sprouts with a 1.2% increase fromRead More →

World Electric Vehicle Day (WEVD) is this Friday, September 9, when owners and anyone interested in pure electric vehicles are encouraged via social media platforms to network and meet in person to advance the cause of electric vehicles. . Automaker Mini is branding WEVD with the local relaunch of itsRead More →

ROANOKE, Va. (WDBJ) – The future of car buying could be different with more local dealerships being bought up by bigger corporations. Gary Duncan has worked in the automotive industry for decades and is now selling his Acura, Audi and BMW dealerships to a bigger company. He explained how theRead More →

Aside from STANDARDIZED EV charging sockets, significant progress is being made in providing facilities for EV owners to charge their vehicles. Commercial charging stations of various types and in various situations are beginning to appear primarily in major cities and adjacent suburbs with deployment expected to continue as government andRead More →

India’s automotive industry has become the 4th largest in the world, which makes many people think it must be 100 years old. But that’s not true and here’s a look at his story. This is a great video for anyone who wants to know more about the history of theRead More →

What will the automotive industry look like in 2022? This is a question many people ask, and there is no easy answer. The truth is that the automotive industry is changing rapidly and it is difficult to predict what will happen in the next few years. However, that doesn’t stopRead More →

DUBLIN, August 18, 2022 /PRNewswire/ — The “Luxury Car Market: Global Industry Trends, Share, Size, Growth, Opportunities and Forecast 2022-2027” report has been added to from ResearchAndMarkets.com offer. The global luxury car market reached a value of US$402.0 billion in 2021. Looking ahead, the publisher expects the market to reachRead More →

VSThe EV boom in China is progressing at full speed, with Beijing developing a robust EV market. The emergence of China’s electric car industry could be a game-changer for its economy. You may have heard of Tesla, but do you know Byton, BYD, SAIC, Nio and XPeng? These are someRead More →

BRISBANE-based Graphene Manufacturing Group (GMG) says its new aluminum-ion graphene batteries could change electric vehicle technology as we know it by offering less weight, faster charging, longer life and better environmental credentials than their lithium-ion counterparts. With sights set on the global battery market – estimated to be worth $50Read More →

Ilya went to work at the Volkswagen factory directly after college and tried his hand at different roles, from on-site quality control to handling post-purchase complaints. During his ten years at the factory, Ilya got married, took out a mortgage and paid it off. He was laid off along withRead More →

Headwinds from the European economy are catching up with the region’s automotive industry. Volkswagen’s finance arm expects earnings to decline this year as rising interest rates and inflation begin to weigh on demand for cars. Customers are debating whether to buy a vehicle or push back the lease for aRead More →

New Delhi: Several trends are continuously shaping the automotive industry to meet growing and changing consumer demands, such as the fancy for used cars. The used car market in India is growing at a compound annual growth rate of 11% and it continues to thrive. Spinny, a used car buyingRead More →

US President Joe Biden signed into law a bill this week that will provide billions of dollars to bolster the country’s semiconductor production, including dedicated funding for microchips used by the automotive industry, reports Automotive News. The bipartisan bill, known as the CHIPS and Science Act, provides more than US$52Read More →

As the chip shortage continues, automakers continue to curb production, cutting 180,000 vehicles from production worldwide this week alone. Nearly 100,400 of them are eliminated from factories in North America, Automotive News reported, based on data from AutoForecast Solutions (AFS). This week’s production cuts are the largest recently reported byRead More →

(Yicai Global) Aug 9 — The China Passenger Car Association adjusted its sales forecast for new energy passenger vehicles this year to 6 million units from 5.5 million, as July sales exceed expectations. And the annual forecast could rise further in the fourth quarter, the auto industry body said today.Read More →

Thailand is bracing for an economic setback as China threatens to ban the export of raw materials to Taiwan needed for the kingdom’s auto industry. The Federation of Thai Industries (FTI) said yesterday it was concerned that China could deprive Taiwan of the raw materials needed to manufacture the semiconductorsRead More →

They describe a campaign that began last week to shape public debate and position the auto industry as a “voice of confidence” in the “moderate middle” of the climate debate. But behind the scenes, they are pressuring policymakers to pass rules that would preserve the gasoline and hybrid cars thatRead More →

Over the past few decades, the UK economy has become increasingly service-oriented. But as the opening ceremony from the powerfully illustrated Birmingham Commonwealth Games, the industry still holds a special place in the imagination of regions like the West Midlands. At the Alexander Stadium, Jaguars, Minis and Rovers of variousRead More →

SUPPLY issues and scorching competition forced Ford Australia to call time on the hot Fiesta ST and Focus ST hatchbacks less than 12 months on consumer variants of the range have been discontinued locally. Sales of the models had plummeted to near zero as performance car buyers shopped elsewhere, depositingRead More →

An avalanche of acronyms is how the alphabet soup that is Advanced Driver Assistance System (ADAS) terminology has often been described…and it started decades ago, perhaps with the anti-lock braking now forever dubbed ABS. To clarify, ADAS is any group of electronic technologies that assist drivers with driving and parkingRead More →

HARTFORD, Conn. (WFSB) – There is still some selection at Stephen Toyota in Bristol. “I have inventory available, I also have quite a few used cars available,” said Cody Gill, general manager of sales for Stephen Toyota. Although it was a bit slower to get people through the lot. “InterestRead More →

USAGE of Ford’s hands-free driving option, called BlueCruise, is growing rapidly in the US as it promises a self-driving version on certain “qualified” highways. BlueCruise is available as an over-the-air (OTA) download for compatible vehicles and only really took off last year. It is gaining momentum as upgrading (downloading) theRead More →

UK exporters have seen their foreign trade stagnate over the past year despite strong growth in domestic demand for their products and booming export markets, a survey has found. The British Chambers of Commerce (BCC) said a survey of 2,600 exporters found a quarter had suffered a decline in exportsRead More →

GERMANY is set to cut financial incentives offered for the purchase of new electric vehicles from next year, as the popularity of electric models makes government subsidies unnecessary. In a report by Reuters this week, the German government also outlined its intention to completely scrap incentives for plug-in hybrid vehiclesRead More →

Mary Rice is the main dealer at Rice Toyota in Greensboro. GREENSBORO, NC – “I really wanted it,” said Mary Rice, principal dealer at Rice Toyota in Greensboro. “I really wanted to be good at it. I wanted to make my family proud. I wanted to make my kids proudRead More →

THE Australian Capital Territory (ACT) has declared its intention to become the first Australian state or territory to ban the sale of internal combustion engine (ICE) vehicles. The ban is signaled for 2035 by Greens MP Shane Rattenbury, the territory’s energy and emissions reduction minister. Mr Rattenbury said the ACTRead More →

As we move forward into July, we can look back on the first half of 2022 to review what happened in the new car market and assess the state of play, as well as predict what to expect for the second half. It’s been another chaotic year for new carRead More →

J he UK car industry suffered its worst June for new car sales since 1996. New vehicle registrations fell 24.3% last month from June 2021, according to the Society of Motor Manufacturers and Traders (SMMT). Global shortages of components such as semiconductors continue to hamper automakers’ ability to meet demand,Read More →

This month, we’re pleased to rely on the unique oversight of Bastian Dietz, whose career in the bike and event industry has culminated in in-depth knowledge of a trend that has crept in since that the e-bike market has begun its ascent – it’s the constant crossover between the bikeRead More →

An expectation The three to six month list has become a common complaint among new car buyers, not just in Malaysia, but around the world. It’s not the fault of the automakers. The automotive and industrial sectors have been among the hardest hit by the global chip shortage. They don’tRead More →

Ford As American (credit) card holders, we’re used to getting what we want, when we want it: terrifyingly fast Amazon deliveries. The equivalent of a Costco beef ranch. Oddities about Etsyand the fantasies whispered the night of Bring a trailer. This is the first part of a two-part explainer onRead More →

Britain’s car industry is at a disadvantage compared to the rest of Europe due to soaring energy costs, the industry warned on Tuesday. Analysis by the Society of Motor Manufacturers and Traders (SMMT) found that the sector’s annual energy bill – which is already £50m ($61.3m) more than its EURead More →

CAIRO — On June 9, a official source to the Egyptian Consumer Protection Agency revealed to the al-Mal news site that the agency has asked car dealers across the country to explain their inability to deliver cars to citizens or issue refunds. This comes amid a crisis in the automotiveRead More →

ON A technicality, new laws coming into force in Australia on July 1 could delay the implementation of so-called “locked-down” Electronic Control Units (ECUs), but changes to US regulations will be difficult to circumvent and will likely have repercussions effect. The Australian Competition and Consumer Commission (ACCC) has been pushingRead More →

BOSCH announced this week that it had acquired Melbourne-based MoTeC (Motorsports Technology) for an undisclosed sum. The acquisition agreements were signed by Bosch and the MoTeC Group this month and are currently subject to merger control approval. Bosch says that in terms of organisation, MoTeC – headquartered in Croydon, VictoriaRead More →

LONDON — Russian President Vladimir Putin on Thursday ordered his government to quickly come up with new measures to support the domestic auto industry, which has seen sales plummet since the invasion of Ukraine. Amid a slump in demand from Russian buyers and severe logistical problems following Western sanctions, carRead More →

ReportLinker ResearchInChina has released the “Global and Chinese Flying Car Industry Research Report 2022”. A flying car is a three-dimensional vehicle. Generally speaking, it is a low-altitude intelligent autonomous transport tool carrying goods or people, namely the electric vertical take-off. and landing (eVTOL). New York, June 17, 2022 (GLOBE NEWSWIRE)Read More →

LONDON, June 16 (Reuters) – Russian President Vladimir Putin on Thursday ordered his government to quickly come up with new measures to support the domestic auto industry, which has seen sales plummet since the invasion of Ukraine. Amid a slump in demand from Russian buyers and severe logistical problems followingRead More →

BY VIVA TECHNOLOGY 2022, PARIS: The CEOs of Qualcomm and car giant Renault Group have highlighted the benefits of cross-industry collaboration on connected vehicle developments, as the latter predicted software would help used vehicles retain their value. In a panel discussion, Qualcomm Chairman and CEO Cristiano Amon (in the photo,Read More →

Tuesday, June 14, 2022 12:11 PM An electric vehicle being charged Automotive groups have criticized the government’s decision to remove subsidies for newly purchased electric vehicles (EVs), fearing it will deter buyers from entering the market. In a shocking blow to the car industry, the Department for Transport (DfT) hasRead More →

Alison Jones, senior vice president of circular economy at Stellantis, has won Autocar’s Great Women in the British Car Industry 2022 initiative, organized in partnership with the Society of Motor Manufacturers and Traders. Coach Great Women of the British Motor Industry 2022 Jones also came top of Autocar’s Executive category,Read More →

EIdar Gadzhiev’s heart sank when he heard the crackle of his Skoda’s engine one day in April. Gadzhiev, who owns a fleet of four cars which he hires out as taxis in Moscow, knew this was a terrible and expensive time for a breakdown. The prices of spare parts, ifRead More →

German car associations have rioted over the European Parliament’s decision to back a de facto ban on the sale of new combustion-engined cars from 2035, deeming it too ambitious and costly, and going against the market and citizens. Banning the sale of petrol and diesel-powered cars is a central partRead More →

“Good artists borrow, great artists steal” – Pablo Picasso. In 1896, Ford manufactured its first car and its most lucrative flight. While the manufacture of the quadricycle was a major feat, it came 11 years after two Germans – Gottlieb Daimler and Karl Benz – developed the first gasoline-powered automobile.Read More →

The real problem facing the UK car industry is that it has emerged from the threats posed by Brexit and Covid and a long halt to ‘continuous improvement’ in a hazy period between the twilight of the combustion engine and the full dawn of electric vehicles. There are two chicken-or-eggRead More →

The UK car industry suffered its second weakest May in three decades, figures show. Just 124,394 new cars were registered last month, the Society of Motor Manufacturers and Traders (SMMT) said. That was down 20.6% from the same month last year. This is the second lowest number of new carsRead More →

The European Parliament is set to confirm its position on a series of proposals to cut global warming emissions faster this decade, ahead of negotiations with EU countries on final climate laws. Among the measures are an upgrade of the European carbon market, a planned tariff to impose CO2 costsRead More →

For decades, there has been friction between automakers, car dealerships and independent repairers, as each cutting-edge body fights for its corner — and its customers. Now the three opposing camps form a united front. Is it good or bad for car buyers? 0 See 8 pictures The big wheels inRead More →

Despite Australia’s growing appetite for electric cars, the auto industry has warned customers to expect extended delays for high-tech vehicles – and highlighted other better low-emission options. adapted to local conditions. 0 See 8 pictures Australia’s auto industry says it is grappling with unprecedented demand for electric cars and isRead More →

The German market registered 1.0 million new vehicles in the first five months of the year, around 9% less than in the same period of 2021 and a decrease of 33% compared to 2019 before the pandemic. Berlin – German car sales took another hit in May, official figures showedRead More →

German car sales took another hit in May, official figures showed on Wednesday, as Russia’s invasion of Ukraine and tight supply chains added to the industry’s woes. New registrations in Europe’s biggest economy fell 10.2% year-on-year to just over 207,000 cars, the Federal Transport Authority (KBA) said in a statement.Read More →

South Africa is such a strange place. Five partial municipal elections were held on Wednesday, two of which were made necessary because the former public representative was violently killed. There is mass unemployment, load shedding, flooding and the usual setbacks that we talk about every day. And during this lastRead More →

DUBLIN, May 30, 2022 /PRNewswire/ — The “Used Car Market Size, Share and Trend Analysis Report by Vehicle Type (Hybrid, Conventional, Electric), by Vendor Type, by Fuel Type, by Size, by Delivery Channel sales, by region and segment forecast, 2022-2030” report has been added to from ResearchAndMarkets.com offer. The sizeRead More →

DUBLIN, May 30, 2022 /PRNewswire/ — The “Used Car Market Size, Share and Trend Analysis Report by Vehicle Type (Hybrid, Conventional, Electric), by Vendor Type, by Fuel Type, by Size, by Delivery Channel sales, by region and segment forecast, 2022-2030” report has been added to ResearchAndMarkets.comit is offer. The sizeRead More →

POWER tech giant Cummins has unveiled a 15-litre hydrogen engine that could pave the way for emission-free heavy-duty transport. Launched at the Advanced Clean Transport Expo in California, the new powertrain called X15H is an internal combustion engine that will run much like a diesel engine but with clean hydrogenRead More →

ANCAP has given the Kia EV6, Mercedes-Benz C-Class (sedan) and Volkswagen Multivan PHEV (on sale in New Zealand) a five-star maximum safety rating. All three models have been tested against the more stringent ANCAP 2020-2022 testing requirements. The recently launched battery-electric EV6 scored well in all key elements of theRead More →

BMW and Mini could switch to a direct sales agency model in Europe, but the local subsidiary of the Bavarian group says it has no plans – for the time being – to follow this example. BMW Group Sales and Marketing Director Pieter Nota recently told Automotive News Europe (ANE)Read More →

A German automotive supplier has developed an innovation for a critical part in every car. Rheinmetall has invented a suspension spring that is up to 75% lighter than a conventional spring because it is made of fiber reinforced plastic. Your car’s suspension does amazing work. Not only does it haveRead More →

Two years ago, it was unimaginable for a global automaker to cut production. Global demand for cars and light trucks was strong almost everywhere. This demand remains strong, but there are not enough cars. The microchip shortage that has hit the industry has prompted Toyota to say it will cutRead More →

GENERAL Motors CEO Mary Barra told Automotive News Europe that the company can re-enter the European market as a company focused on electric vehicles and that it has no seller’s remorse for divesting Opel and Vauxhall in 2017 to what was then the PSA group. It remains unclear whether theRead More →

The Australian auto industry lobby group has repeated calls for tougher vehicle emissions mandates following the federal election – even if the auto sector cannot meet its voluntary targets. 0 See 5 pictures Australia’s auto industry has renewed calls for the Federal Government – led by newly elected Prime MinisterRead More →

THE shortage of microprocessors continues to wreak havoc on global vehicle production, with European and North American production facilities recording particularly large losses in the latter part of May. According to a report in Automotive News, North American factories pulled about 87,500 vehicles from their production schedules, with European assemblyRead More →

LESS than 48 hours after the announcement of the federal election results, the Federal Chamber of Automotive Industries (FCAI) called on the Albanian government to adopt the industry’s own voluntary emissions reduction program for Australia’s light-duty vehicle fleet. According to FCAI CEO Tony Weber, the time has come for theRead More →

The electric vehicle industry is full of budding talent eager to help companies outperform Tesla. Insider collected nominations for rising stars in the industry and chose 35 of them. Applicants had to be 35 or younger at the end of March to be eligible. As the world of electric vehiclesRead More →

(Yicai Global) May 17 – A sharp rise in logistics costs poses a big challenge for Shanghai auto industry players trying to get back to work as the city’s lockdown, which began last month, is eased as the Covid-19 outbreak comes under control. Compared to April, when neither raw materialsRead More →

Although the significance of the material setbacks pales in comparison to the human cost of the conflict, the automotive sector is beginning to feel the global side effects of the ongoing Russian invasion of Ukraine. Updated May 17, 2022 Audi has suspended production of the A4, A5 and A8 dueRead More →

The future looks uncertain for front-drive compact cars from Mercedes-Benz and BMW, as German premium brands seek to prioritize profit margins on high-end models – rather than high-volume ones – with their upcoming battery electric products. Speaking at the recent Financial Times Future of the Car 2022 conference, Mercedes-Benz chiefRead More →

MANILA – For two consecutive months, sales by local vehicle assemblers have grown more than 40%, with April 2022 sales increasing 40.9%, the Philippine Chamber of Automobile Manufacturers, Inc. reported on Thursday. (CAMPI) and the Truck Manufacturers Association (TMA). . Vehicle sales increased to 25,149 units last month from 17,843Read More →

Over the past year, the auto industry has seen massive growth in new and used car sales, with the latter seeing some of the highest prices in history. However, the tide may be turning. Some recent events in the auto industry may indicate that used car sales are not asRead More →

On April 19, Tesla Shanghai Gigafactory announced the resumption of production. Employees had to show their last 7 negative COVID PCR results before being allowed to return to the factory. This reopening was not easy. As a major manufacturing center in China, when Shanghai shut down due to the pandemic,Read More →

Auto industry still not out of the woods and Reserve Bank of India’s (RBI) decision to raise repo rate by 45 basis points will make car loans expensive, senior official says of the Federation of Automobile Dealers Associations (FADA). Comparing April 2022 auto sales to April 2019, FADA Chairman VinkeshRead More →

Egypt’s Trade and Industry Minister Neivin Gamea met on Tuesday with a delegation from Mercedes-Benz Egypt led by the company’s Chairman and CEO Gerd Bitterlich to discuss the location of the car industry electricity in Egypt. A ministry statement said the meeting also discussed the company’s current and future plansRead More →

New Delhi: Over the past decade, the used car market has shown very promising characteristics that have only amplified with the onset of the pandemic. With financial constraints everywhere, people have become thrifty by reconsidering their wasteful spending. But given the growing health and safety concerns for personal mobility, coupledRead More →

VW, Skoda, Honda access Swarm technology to prevent accidents, avoid traffic jams and get closer to fully autonomous driving. Volkswagen, Skoda and Honda are among the brands using or testing Swarm technology to provide excellent driver assistance capabilities. The solution is such a big step towards high-level autonomy that aRead More →

At a time when Shanghai, one of China’s major manufacturing hubs, is in the midst of a COVID lockdown on auto production, Guangzhou’s auto industry is also experiencing a slowdown in production. Since mid-March, the spread of COVID-19 and the tightening of COVID-19-related restrictions in Hong Kong and several citiesRead More →

FOLLOWING the appointment of Paul Sansom of Volkswagen Group Australia to its Board of Directors last month, the Electric Vehicle Council (EVC) today announced that Glen Walker of SEA Electric has been accepted to the Board of Directors of the ‘organization. As Vice President of SEA Electric Asia Pacific, Mr.Read More →

The unprecedented challenges facing the automotive industry in 2021 have led to unprecedented financial results for most companies in Europe, the United States, Japan and South Korea. That’s the first, and perhaps most surprising, finding from a detailed study of the financial reports of 19 automakers around the world. FewerRead More →

It’s no secret that the motor trade is an industry that remains predominantly male-run – but one woman is determined to change and tear up the rule book – and all of that from Co Wicklow. Ashford Engines was created just before the pandemic hit when Nadia Adan gave upRead More →

In a social network Publish Released on Thursday, He Xiaopeng, CEO of Chinese electric vehicle maker XPeng, warned that production at all domestic auto assembly plants could come to a halt unless major suppliers in and around Shanghai find a way to reopen. by May. Richard Yu Chengdong, head ofRead More →

In a social network Publish Posted on Thursday, He Xiaopeng, CEO of Chinese electric vehicle maker XPeng, warned that production at all domestic auto assembly plants could come to a halt unless major suppliers in and around Shanghai find a way. to reopen by May. Richard Yu Chengdong, head ofRead More →

China’s auto industry is not very old, but in the past 20 years, it has managed to make a total of 180 by copying other brands to become an industry leader. In a new YouTube video, renowned automotive designer Frank Stephenson walks us through the timeline of China’s automotive industry.Read More →

The car industry has welcomed UK government plans to introduce a zero emissions mandate by 2024, which would require a minimum percentage of new car and van sales to consist of zero-emission vehicles. According to plans, automakers would need at least 22% of all car sales to be zero-emission vehiclesRead More →

“DUE TO HIGH DEMAND, WE ARE CURRENTLY CLOSED FOR NEW ORDERS.” That’s the message that potential Polestar 2 buyers greet on the company’s Australian website when they try to access the Volvo sub-brand car configurator. Under normal circumstances, this would be the first step towards placing an online order forRead More →

Closures of Tesla, BMW and VW in China continue as Shanghai sees record COVID cases. The Tesla factory shutdown took at least 12 days, with much-needed semiconductors gathering at manufacturers amid a shortage of truck drivers, and bankers camped out in their offices as the COVID-19 blockade of Shanghai disruptsRead More →