Loading “I know some say we’re going too fast,” Johnson said. “And I tell them first that there is a stronger force than the government. And in fact a stronger force than business. And that force is consumer choice. This force is the market. And the market is turning green.Read More →
Even before the pandemic, 2020 was still going to be an uncertain year for the Canadian auto industry. The Big 3 automakers – General Motors, Ford and Chrysler (now known as Stellantis) – were to negotiate multi-year labor agreements with their major unions, after previous agreements with their workers expired.Read More →
“It is expected that the current magnesium stocks in Germany and respectively throughout Europe will be exhausted by the end of November 2021,” the letter states. Magnesium is used for a range of products, particularly aluminum alloys, which are used in several automotive parts, from gearboxes and steering columns toRead More →
Photo: Getty Images (Getty Images) You’ve probably bought a car from a dealership before, or maybe you’re lucky not to. The pre-pandemic process consisted of something like 90% awkward small talk with a salesperson and then 10% signing a bunch of forms with someone in finance who actually seemed toRead More →
The recent surge in gas prices has accentuated the higher energy costs that UK carmakers face compared to some European rivals and threatens to deter potential investors as the industry shifts to electric vehicles, the chief warned. automotive trade body. Mike Hawes, managing director of the Society of Motor ManufacturersRead More →
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LEXINGTON, Ky. (WKYT) – The automotive industry faces unique challenges. A shortage of microchips is slowing new car production and fueling used car sales. Today, Commonwealth dealerships are struggling with high demand and low supply. “We were criticized,” describes Shannon Jones. Jones works for Don Franklin Auto Mall on RichmondRead More →
JACKSONVILLE, Florida, October 7, 2021 / PRNewswire / – Advanced Business Computers of America, Inc. (ABCoA) creates comprehensive software solutions for used car dealers and venture finance companies. With a mission to create an all-in-one BHPH ecosystem, with end-to-end visibility of all business operations, ABCoA adds cyclCRM. cyclCRM is theRead More →
The industry’s overall decline comes after revised growth of 6.8% in July. Analysts polled by Reuters had expected production to rise 2.6% in August. PRAGUE: Czech industrial production fell 1.4% year-on-year in August, sliding for the first time since February as global chip shortages slashed auto production. Signs point toRead More →
South Africa’s largest metalworkers’ union is calling for an indefinite strike after wage talks with employers’ organizations failed. South Africa’s largest metalworkers’ union has launched an indefinite strike, demanding wage increases and threatening to block the supply of spare parts to make new cars and accessories, industry and union officialsRead More →
Imagine driving down the autobahn in Germany when your on-board diagnostics system notices your oil level is low or your tail light is off, and wasting no time, it automatically schedules an appointment with your favorite shop for the repair. It may sound fictitious, but it’s at the heart ofRead More →
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Tesla electric cars are seen in the dealer showroom in Oslo, Norway March 28, 2019. REUTERS/Lefteris Karagiannopoulos Join now for FREE unlimited access to Reuters.com Register 77.5% of new cars sold in September were purely electric Tesla has taken more than 30% of the Norwegian car market The pending luxuryRead More →
A coalition of groups that support the increased use of electric vehicles is making a sales pitch to residents of northern Minnesota this week with public events in Bemidji, Roseau and Duluth. More than 150 people came to Roseau, expressing curiosity and some skepticism. People were waiting to test driveRead More →
SANTA MONICA, Calif. — September 29, 2021 – Edmunds car shopping experts predict 3,416,266 new cars and trucks will be sold in the United States in the third quarter of 2021, reflecting a 13% decline from the third quarter of 2020 and a decline of 22.7% compared to the secondRead More →
Remember the Brit List of the most influential people in the auto industry and you might recall the discussions around the diversity and under-representation of certain demographics. Well, at the time, I promised Auto Express that I would take a closer look at this topic – which is why IRead More →
Originally published on Transport & Environment. (Also exists in German, Spanish, Polish, French, and Italian.) The European auto industry is using aggressive lobbying and making unsubstantiated allegations in an attempt to derail EU plans to cut pollution from road transport, campaign group Transport & Environment (T&E) revealed in a statementRead More →
Volvo Cars is committed to animal welfare as part of its journey to become a more sustainable automotive company, starting with its new C40 Recharge, an all-leather electric crossover coupé SUV. By 2030, Volvo aims to sell only electric cars made with leather-free interiors as part of its goal toRead More →
HATTIESBURG, Miss. (WHLT) – With the car rental industry experiencing a shortage, more and more people might consider traveling in their own vehicle. Rental cars have been sold at select dealerships within the past 18 months. Some experts said this was due to a buying boom. Petro Nissan employees inRead More →
Guy Robson, partner at Keller Lenkner United Kingdom, discusses Dieselgate and how the past continues to haunt the auto industry. In July this year, the European Commission fined the Volkswagen Group (which includes Volkswagen, Porsche and Audi) and BMW € 875 million for violating EU competition law by joining forcesRead More →
In new comments, Tesla CEO Elon Musk said software will shape the future of the auto industry and added that he believes Chinese automakers are the most competitive with Tesla on this front. Musk made a pre-recorded appearance at the 2021 World New Energy Vehicle Congress in Hainan, China. ForRead More →
The connected car encompasses a wide range of technological fields such as home integration, vehicle management, entertainment, well-being, safety and autonomous driving. A connected car can share data with other devices because it has its own Internet access. For example, it could mean that a car could share data onRead More →
04:28 The car tokens are out of order. Automakers are lost. The pandemic has rewritten the rules for a multitude of industries. The automotive industry is no exception, especially as it rapidly moves towards smarter electric vehicles (EVs). In the past century, pain has never struck closer to home thanRead More →
How Car Shortages Affect Local Dealers and Consumers It has been more than a year since the coronavirus pandemic hit the United States in March 2020, affecting industries across the country when the economy slowed. The auto industry was affected then and continues to impact consumers today. Some in theRead More →
A global supply crisis threatens to derail Germany’s economic recovery, with the country’s auto industry suffering the biggest drop. Companies from BMW, Siemens AG and Volkswagen are all reporting a lack of supplies of materials, from the most basic wooden pallets to memory chips. Thomas Nuernberger, managing director of salesRead More →
Electric vehicles have encountered a serious obstacle on the way to widespread public use. Dominating recent self-driving vehicle news, US authorities have launched a formal investigation into Tesla’s autopilot system, rival Chinese manufacturer Nio suffered the fatal crash of one of its self-driving cars, and General Motors has extended itsRead More →
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This Spyker C8 is one of the vehicles available to invest with TheCarCrowd The Car Crowd Many of us have dreamed of owning a classic car, and while we tell ourselves that the fun is in driving, an explosion in value in recent years has made vehicles sought after bothRead More →
This scene at car dealerships is very common. Justin Sullivan/Getty Images What automakers hoped would be a temporary setback just isn’t happening. According to a Friday Bloomberg report, Japan’s leading semiconductor chip supplier Rohm said it expects chip shortages throughout next year. It’s not that the company can’t manufacture chipsRead More →
German technology and engineering group Bosch, which is the world’s largest auto parts supplier, says the automotive industry’s semiconductor supply chains are no longer fit for purpose amid global shortages of fleas raged. Bosch board member Harald Kroeger told CNBC’s Annette Weisbach in an exclusive interview Monday that supply chainsRead More →
Main findings A disadvantage for used cars is the 7% VAT which is added to the invoice if the customer buys from a used car showroom or dealership, or uses a loan to finance the purchase. Consumers are moving away from traditional methods and are increasingly using online platforms forRead More →
Advertising After competing on high speed train, China and Japan are increasingly competing in the booming Indonesian automotive market. Last week it was reported The Chinese company Chery Automobile Co. Ltd. announced that she ready to return to indonesia this year, after a failed attempt to break into the marketRead More →
CARY, North Carolina – At least seven companies that operate in the used vehicle industry were included among the Inc. 5000; the prestigious annual ranking of the fastest growing private companies in the country. Two of the highlighted companies provide vehicle transportation services, as the list included ACERTUS and MontwayRead More →
The auto industry is pushing against a proposal that would force auto giants to negotiate with dealers through binding arbitration before closing showrooms in Australia. See 8 pictures Following Holden’s shock departure, the federal government last month introduced new laws to ensure dealers and car buyers are not left behind.Read More →
The Society of Motor Manufacturers and Traders has called on the government to provide a dedicated ‘Build Back Better’ fund for the UK motor industry, supporting its transformation and recovery from the pandemic. Noting that the industry contributes £15 billion a year to the national economy, employs around 180,000 peopleRead More →
Raids on aftermarket auto parts sellers by the Environmental Protection Agency for evidence of emissions violations are hurting the classic auto industry, says Sen. Jim Lankford. Lankford, a Republican from Oklahoma and member of the Energy and Natural Resources Committee, told the Washington Examiner he recently looked at bipartisan legislationRead More →
the Pakistan Automobile Manufacturers Association (PAMA) revealed sales figures for the local automotive industry. In the outgoing fiscal year 2021 (FY21), the local auto industry grew by 62% on an annual basis (YoY) to 181,397 units from 111,965 units the previous year. The reason for the outstanding performance of theRead More →
MADRID — The Spanish government will invest 4.3 billion euros ($5.1 billion) from its share of European pandemic recovery funds to revamp its auto industry and steer it towards manufacturing electric vehicles and their components, the Prime Minister announced on Monday. Pedro Sánchez said the investment will be “a realRead More →
Transportation costs are rising in the wholesale used car industry for a variety of reasons, including a shortage of drivers, a shortage of haul trucks, and a sharp increase in the average distance used vehicles must travel after a sale, according to Mannheim. . “Low carrier supply is driving upRead More →
For anyone who thinks cars are now all electric (or at least hybrid), I have news for you. Well, some statistics – to be more specific. Even though electric car sales are growing and growing rapidly, the fact is that they are not the best selling cars in the IrishRead More →
The UK car industry continued its weak post-pandemic recovery in June with sales well below pre-Covid-19 levels as the continued popularity of electric vehicles provided a rare bright spot. Battery electric car sales more than doubled year-on-year to 19,800 in June, accounting for 10.7% of sales. Tesla’s battery-electric Model 3,Read More →
As automakers and their suppliers continue to navigate the former two, succeeding in the latter is key to their long-term survival. At the International Motor Summit hosted by the UK’s Society of Motor Manufacturers and Traders (SMMT) this week, its chief executive, Mike Hawes, explained what is needed for theRead More →
As we prepare this third installment of “The State of the Used Car Industry” at the end of June, it seems that life – societal, economic, automotive and otherwise – is slowing down the return to normal (fingers crossed; knock on wood). And as the used car industry emerges fromRead More →
The Indy 500 is one of the most electrifying sporting events in the world, but don’t expect the cars racing there to be electric anytime soon. INDIANAPOLIS, IN – MAY 30: NTT Indy Car Series driver Scott Dixon leads the field before Race 105 of the Indianapolis 500 on MayRead More →
General Motors again increased its investments in electric and autonomous vehicles, announcing on Wednesday that it would increase planned spending by 30% to $ 35 billion (40.6 billion euros) through 2025 as it unveils new models and strengthens its capabilities. The major US automaker cited strong consumer reception of itsRead More →
David Beckham had bought a 10% stake in the company. Michael Reaves / Getty Images via AFP Lunaz Group converts Rolls-Royces and Bentleys into electric vehicles. The famous footballer bought a 10% stake in the company. Lunaz produced its first converted car, a Jaguar XK120, in 2019. David Beckham wasRead More →
Exports accounted for 60% of vehicle production in South Africa last year. Since the formulation of the Automotive Industry Development Plan (MIDP) in the 1990s, the South African automotive manufacturing industry has moved from its apartheid-era protectionist model which saw it produce many different variants at low volume, to aRead More →
ATLANTA (CBS46) — Auto dealers are bracing for lean months as computer chip shortages cause supply nightmares thanks to the pandemic. “We expect July and August, and June, to be three of the toughest months,” said Peter Kusminsky, Audi Atlanta sales manager. “On the (Audi) Q3 front, we hope toRead More →
Pat Goldwait, general manager of Joe Myers Ford in Jersey Village, holds his breath for what’s next. “We’ve had the pandemic, the frost, the flea shortage, if the locusts come I’m going to put lamb’s blood over my door,” Goldwait said of the almost biblical challenges his dealership and lRead More →
Used car sales are expected to grow at a CAGR of 10% by 2024, as estimated by SIAM. The Indian used car industry is divided into organized, semi-organized, unorganized and customer to customer segments. Through HT automatic office | Updated: 10 May 2021, 10:51 With the second wave of Covid-19Read More →
RALEIGH, NC (WNCN) — If you’re looking for a car, you might find that there are few new ones, causing used car prices to skyrocket. There’s more than just an engine inside your vehicle – it’s literally a computer on wheels. And that creates problems for buyers and sellers. “WeRead More →
The boss of Seat, Spain’s only major automaker, has called on EU and national authorities to approve aid for a new €3-4 billion battery cell factory by summer, or risk the future of the country’s auto industry. Wayne Griffiths, chairman of the Volkswagen subsidiary, said firm commitments from Spain andRead More →
Buying a car is big business, whether it’s new or a few years old. This is the second biggest purchase of your life after buying a home, so it’s only natural that you want to protect that investment as best you can. It might just be a machine, but aRead More →
There are some surprisingly decent April Fool’s Day gags from the auto industry this year and one that backfired spectacularly Yes, it’s that time of year again, when we collectively groan at various attempts at big business hilarity. As always, plenty of auto companies are on board, but for onceRead More →
Motor industry bosses have expressed ‘deep disappointment’ with Boris Johnson’s roadmap out of lockdown after it was revealed car showrooms will be forced to keep their doors locked until ‘until at least mid-April – meaning customers won’t be able to browse dealerships during the busiest month of the year. MarchRead More →
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The logo of Stellantis, the world’s fourth-largest automaker to begin trading in Milan and Paris after Fiat Chrysler and manufacturer Peugeot PSA complete their merger, can be seen on a flag at the main entrance to the FCA Mirafiori plant in Turin, Italy, January 18, 2021. REUTERS / Massimo PincaRead More →
FILE PHOTO: New Vauxhall cars are seen outside the company’s factory in Ellesmere Port, northern England, in this file photo from October 27, 2008. REUTERS / Phil Noble LONDON (Reuters) – Britain’s largest union Unite on Tuesday called on French carmaker PSA to build electrified vehicles at its Vauxhall /Read More →
Bustling factories closed, workers idled at home, gleaming new vehicles parked in vacant lots. Now it’s business as usual. “In April, we were expecting a complete collapse of the auto sector,” Rory Carroll, Jalopnik’s editor, told ABC News. “It really hasn’t been. I’m very surprised at the demand for cars.”Read More →
New vehicle sales in South Africa recorded their best post-lockdown performance in November, giving positive signs of a slow rehabilitation of the country’s auto industry, notes lender WesBank. In an overall market – down 30.6% year-to-date – November’s sales performance of 39,315 units shows signs of picking up consumer demandRead More →
CARY, North Carolina – In the sixth year of Automatic remarketing annual Remarketing & Used-Car Industry’s 40 Under 40, you’ll find current and next-generation leaders in the business who are making a big difference in the industry – and in their respective businesses. Automatic remarketing is honored and delighted toRead More →
Railway news Federal legislation and regulations 08/25/2020 Railway News: Federal Laws and Regulations the Railway Supply Institute (RSI) approved the Freight RAILCAR Act, a bill introduced in Congress last week that would help generate private investment in the manufacture of freight cars. The “Freight Rail Assistance and Investment to LaunchRead More →
Artwork by Elias Stein Text size Are those green shoots on the highway? US car sales fared better in May than expected. Auto sales at a seasonally adjusted annualized rate, or SAAR, reached 12.2 million units, down 29% year-on-year but above 11.1 million forecasters predicted. In April, automotive SAAR crashedRead More →
The bleak outlook facing Britain’s car industry was underscored by another 2,000 job losses and the worst car sales in May since 1952. Only 20,000 new cars were registered in May compared to 184,000 in the same month in 2019, the Society of Motor Manufacturers and Traders said. Just overRead More →
You’ve probably seen the TV commercials of those huge vending machines that contain automobiles instead of snacks and drinks. These belong to carvana (NYSE: CVNA), a new breed of used-car retailer that wants to “change the way people buy cars.” The whole process is extremely simple and stress-free. Customers canRead More →
MEXICO CITY — Mexico could start opening some auto factories from May 18 under a government plan unveiled Wednesday that eases coronavirus restrictions and paves the way for U.S. auto giants to ramp up production in depending on the parts made south of the border. According to a roadmap presentedRead More →
General Motors to increase spending on electric and autonomous vehicles to $ 20 billion by 2025 after claiming a battery breakthrough that it says will give its cars longer range and faster charging, while also making money for it. its new wave of vehicles. The company, whose brands range fromRead More →
The coronavirus, which started in Wuhan, China, has shut down factories. Car sales in China fell 92% in the first half of February. The impacts are felt around the world, as shortages affect production. As Chinese companies attempt to restart operations after the recent nationwide shutdown in an attempt toRead More →
Audi must cut up to 9,500 jobs at its German factories by 2025 in order to save € 6 billion (£ 5.1 billion) from investing in electric cars and digital technology. The luxury automaker, which is part of Volkswagen, said the job cuts were part of its mission to “getRead More →
Volkswagen is betting on electric cars? The company says it has been for almost 2 years now as it tries to get out of the hole it dug with its diesel cheat scheme. The secret to mass-producing automobiles and doing so cost-effectively is to use a common platform or chassisRead More →
Are you interested in investing, but find tracking your 401k as emotional as enjoying a glass of hot milk while compiling the ultimate Kenny G playlist? Planning to read the fine print on a one-way certificate of deposit flyer to Yawnsville? Next, we suggest you check out Rally Rd., AnRead More →