Tue, December 17, 2024

by: Reuters

Focus: Europe's carmakers discount EVs, hike petrol car prices as new emissions rules loom

European automakers are raising prices of petrol cars and readying discounts on electric vehicles as they brace for yet another challenge - tougher emissions rules that threaten to further shrink profits across the struggling industry.
Mon, December 16, 2024

by: Woodworking Network

ISM finds economic improvement in 2025. Including wood products, furniture

Economic improvement in the United States will continue in 2025, say the nation's purchasing and supply management executives in the December 2024 ISM Supply Chain Planning Forecast, formerly known as the Semiannual Economic Forecast.

by: MSN

Auto Transport Industry Trends in a Trump Economy: An In-Depth Analysis

The auto transport industry is at a crossroads, shaped by the economic landscape under Trump's policies. As we dive into this complex narrative, it's essential to understand how changes in regulations and trade practices are impacting everyone from manufacturers to consumers.

by: Seeking Alpha

Aptiv: Uncertain Near-Term Production Landscape May Prompt Shares To Drift

Despite challenges in auto production, Aptiv PLC showed strong cost management and margin progress. Learn more about APTV stock here.

by: Vanguard

Shettima lauds Nigeria's electric car, CNG company

Vice President, Senator Kashim Shettima has lauded the management of Nigeria's electric car and Compressed Natural Gas manufacturing company, ROXETTES MOTORS, for its innovative approach to addressing Nigeria's transportation and energy challenges.

by: MarketWatch

These are the most 'American-made' cars, but 'a period of real instability' looms with tariff threats

The lead author of an annual study on domestic content says even cars at the top of the index would see prices rise under a tariff program.

by: AM-online

Arnold Clark to partner with US sport brand Corvette

Arnold Clark is joining the first dealer groups in the UK to partner with Corvette with branches in Glasgow and Altrincham.

by: Reuters

Stellantis swiftly reshapes strategy under Elkann after Tavares exit

Steered by Chairman John Elkann, Stellantis , owner of 14 brands including Fiat, Jeep and Ram, is acting swiftly to dismantle the legacy of its former CEO and repair relations with dealers, industry partners,
Sun, December 15, 2024

by: Reuters

Italy ready to work with Stellantis if jobs and plants are preserved, Meloni says

The Italian government is willing to work with Stellantis NV on the carmaker's future strategy provided it keeps jobs and factories in the country, Prime Minister Giorgia Meloni said on Sunday.

by: The New York Times

Automakers Thrived in the Pandemic. Many Are Now Struggling.

"The Chinese are winning market share and the Germans are losing," said Ferdinand Dudenhöffer, director of the Center for Automotive Research in Bochum, Germany. "It's not only the electric cars, it's the software in the cars." Changing ...
Sat, December 14, 2024

by: Reuters

Exclusive: Trump team wants to scrap car-crash reporting rule that Tesla opposes

Tesla is run by Elon Musk, contributor of more than $250 million to Trump's campaign and the head of his government efficiency department.

by: The Hill

Supreme Court takes up California clean cars case

Energy & Environment Energy & Environment   The Big Story Supreme Court may revive challenge to Calif. car rule The Supreme Court indicated Friday it will take up a
Fri, December 13, 2024

by: The New York Times

Biden Administration Is Said to Allow California to Ban New Gas-Powered Cars

California and 11 other states want to halt the sale of new gas-powered cars by 2035. President-elect Donald Trump is expected to try to stop them.

by: USA Today

Trump tariffs could intensify US trucking industry slump, experts say

The industry that moves everything Americans make and buy will be among the first to signal any unintended consequences of trade policies.

by: Seeking Alpha

Tesla Stock: Big Potential, Bigger Risks, And Better Alternatives

Tesla, Inc.'s innovation and market opportunities are promising, but its high valuation and challenges pose significant for long-term investors. Learn more on TSLA stock here.

by: Tennessean

GM proves that big moves are restructuring on the fly as uncertainty looms in 2025

On Dec. 4, an analyst asked Jacobson at the UBS Global Industrials and Transportation Conference in Florida if ... Kevin Mixer, senior director analyst for automotive manufacturing at Gartner, said GM's moves all signal that it's preparing for the ...

by: news.bloomberglaw

California Auto Emissions Case Gets US Supreme Court Review

The US Supreme Court will hear a clash stemming from California's vehicle pollution limits, agreeing to decide whether companies that produce or sell biofuels have a legal right to sue over the regulations.

by: Detroit News

Howes: What GM's exit from robotaxi space says about limits in race for AV leadership

Cruise bolting robotaxis shows all sides are finding technical, financial and regulatory demands more difficult and expensive than anticipated.

by: The Verge

Trump is probably going to kill the crash reporting rule that made Tesla look bad

Donald Trump's transition team is taking aim at a Biden-era rule requiring automakers and tech companies to report crashes that involve fully or partially autonomous vehicles, according to Reuters. Scrapping the crash reporting rule would greatly benefit Tesla, which to date, has reported the most number of crashes.

by: CNBC

Best car insurance companies of December 2024

Insuring your car has never been more expensive: According to the Department of Labor's Consumer Price Index, average premiums for auto insurance jumped 16.5% between August 2023 and 2024. But ...

by: manilatimes

Dave Cantin Group's Jump IQ Garners Auto Dealership Technology of the Year Honors in 2024 Merit Awards

The Dave Cantin Group received a Gold Merit Award for its Jump IQ data-driven artificial intelligence platform. Jump IQ was named Auto Dealership Technology of the Year this week as part of the 2024 Merit Awards for Automotive and Transportation.

by: riazor

Elon Musk won't make more electric Tesla, but neither will hydrogen - Here's the new fuel

Methanol is emerging as a potential alternative fuel to electric and hydrogen vehicles, offering a more sustainable and efficient fuel source for the future of transportation.

by: AM-online

Hendy to open state-of-the-art Tunbridge Wells dealership

AM100 dealership group Hendy Group will officially open its all-new, state-of-the-art car dealership on Kingstanding Way in Tunbridge Wells in January.

by: Reuters

Exclusive: Trump transition recommends scrapping car-crash reporting requirement opposed by Tesla

The Trump transition team wants the incoming administration to drop a car-crash reporting requirement opposed by Elon Musk's Tesla , according to a document seen by Reuters, a move that could cripple the government's ability to investigate and regulate the safety of vehicles with automated-driving systems.

by: MSN

Tesla's shares in meteoric rally after Trump's US election victory

Tesla's stock regains popularity as investors expect its Robotaxi and FSD technology to drive another phase of growth acceleration. The stunning performance drove Tesla's Price-to-Earnings(P/E) ratio to 103,
Thu, December 12, 2024

by: familydestinationsguide

This Massive Car Museum In Florida Houses Over 100 Classic Cars And Fascinating Memorabilia

Nestled in the heart of America's oldest city, St. Augustine, Florida, this museum is a treasure trove of mechanical marvels that'll transport you back to the days when cars were more than just transportation - they were works of art on wheels.

by: Reuters

Truck-maker Paccar to recall 220,972 US vehicles over electronic system issues

Truck-maker PACCAR is recalling 220,972 vehicles in the U.S. due to issues with the electronic control units (ECU) that might impact systems associated with braking and stability control, the U.S. auto safety regulator said on Thursday.

by: riazor

Tesla Robotaxi will have a never-before-seen detail: The first in history to operate without this

Tesla Robotaxi, a revolution in autonomous transportation, promises fewer parts, lower costs, and innovative features, making it the future of the automotive industry.

by: Business Insider

Paccar Announces Leadership Change in Financial Services

by: DriveSpark

Bharat Mobility Global Expo 2025: Everything You Need To Know

The Bharat Mobility Expo will include the Auto Expo Motor Show, focusing on electric and hybrid vehicles, the Auto Expo Components Show, a Mobility Tech Pavilion for showcasing connected and autonomous technologies, and much more.

by: Planet Detroit

$112 million project promises cleaner air, less truck traffic in southwest Detroit

Modernizing and decarbonizing the Detroit Intermodal Freight Terminal aims to improve air quality, reduce truck traffic in Southwest Detroit.

by: Gulf News

Electrified mobility an essential element for powering Dubai's D33 Agenda and ambitions

The D33 agenda offers us an unprecedented opportunity to shape the infrastructure of tomorrow. As we develop new residential areas, commercial hubs, and entertainment districts, we have the chance to integrate e-mobility infrastructure into the blueprint of these developments.

by: The Cross Timbers Gazette

Northwest ISD announces expansion of career and technical education options

by: Yahoo Finance

Bank of America Taps Adviser for Potential London Office Move

Bank of America Corp. is preparing to explore options for a potential move out of its current London headquarters before the lease expires in 2032. Most Read from BloombergBrace for a Nationwide Shuffle of Corporate HeadquartersCloud Computing Tax Threatens Chicago's Silicon Valley DreamSan Francisco,
Wed, December 11, 2024

by: Insider Monkey

Jim Cramer's Latest Calls: Top 10 Stocks

"I want to discuss Bitcoin, really. I do—not to the detriment of stocks but in addition to stocks. I come to praise Bitcoin, not buy it.

by: The Free Press Journal

US: President-Elect Donald Trump Invites China's Xi Jinping To Attend His Inauguration On Jan 20

President-elect Donald Trump has invited Chinese President Xi Jinping to attend his Janurary 20 inauguration, CBS News reported citing sources.

by: Yahoo Finance

ECD Auto Design Announces Receipt of Nasdaq Delisting Notice

ECD Automotive Design, Inc. (Nasdaq: ECDA) ("ECA Auto Design" or the "Company"), an industry leader in delivering restored, modified and electrified Land Rover Defenders, Jaguars, Ford Mustangs, and Toyota FJs,

by: The Royal Gazette

Car sales and service spike for first ten months of year

New registrations for motor cars and trucks coming on to the road have shot up 7 per cent this year, with 124 more units during the first ten months, than during the same period in 2023. But auto

by: Yahoo

US car giant axes $10bn self-driving taxi business amid safety issues

American car giant General Motors (GM) has abandoned plans for its self-driving taxi venture in the wake of a string of safety failures.

by: Forbes

Cybersecurity Confusion In Auto Industry: Disproving A Future Negative

There's a whole bunch of confusion about certifying a company as cybersecure, which is becoming increasing relevant to both revenues and costs for automakers.

by: Wall Street Journal

General Motors Scraps Cruise Robotaxi Program

Carmaker cites competition, time and costs needed to scale the business.

by: Detroit News

Top auto lobby warns states of 'unachievable' California emissions rules

The trade group is urging states to reconsider their emission commitments, while environmental groups have said the concerns are overblown.

by: Los Angeles Times

Why Newsom's electric vehicle mandate is in trouble

EV sales have stalled, clouding California's ambitious plans for all new cars sold in California to be zero-emission vehicles by 2035.

by: Reuters

Wall Street mostly upbeat on GM's decision to pull the plug on Cruise

General Motors needed to exit its Cruise robotaxi business, most Wall Street analysts agreed on Wednesday, but the automaker's decision to do so was still a disappointing end for an operation that GM had touted as a potential $50 billion revenue generator by 2030.

by: The Verge

The end of Cruise is the beginning of a risky new phase for autonomous vehicles

Instead, Cruise never made it to the end of 2024. It all culminated in an incident on October 7th, 2023, when a Cruise vehicle in San Francisco struck and dragged a pedestrian over 20 feet, seriously injuring her. The victim was initially struck by a hit-and-run driver, which launched her into the path of the Cruise car.

by: Cars

10 Biggest News Stories of the Week: Mercedes-Benz GLC350e Pulls Plug on Chevrolet Traverse

by: MSN

The major projects Indiana is spending federal infrastructure funding on

Truck Parking Club used White House data to analyze how Indiana is spending federal infrastructure dollars to invest in its communities.

by: USA Today

MichAuto panel talks state of industry with rise of China, electric vehicles, tariffs

Panelists debated the state of the auto industry and MichAuto released a new study on Michigan's mobility industry.

Story ideas from the Federal Reserve's Beige Book: December 2024

The Beige Book published on Dec. 4 includes information gathered during October and November. Across districts, prices rose "only at a modest pace" while profit margins for firms were down due to rising input prices — those are costs for the materials and labor needed to make goods.

The article from Journalists Resource discusses the Federal Reserve's Beige Book, a summary of economic conditions across the 12 Federal Reserve Districts, released in December 2024. It highlights various economic indicators and trends, including labor market conditions, consumer spending, manufacturing, real estate, and banking. Key points include a slight uptick in economic activity, with some districts reporting modest growth while others noted stagnation or slight declines. There's mention of persistent labor shortages in certain sectors, a cautious approach to hiring, and a mixed bag in consumer spending with some areas showing resilience while others see a pullback. The article also suggests story ideas for journalists, such as exploring regional disparities in economic recovery, the impact of inflation on different income groups, and how businesses are adapting to supply chain disruptions and labor market challenges. It emphasizes the importance of localizing national economic trends to provide context and relevance to local audiences.

Read the Full Journalist's Resource Article at:
https://journalistsresource.org/economics/beige-book-story-ideas-december-2024/


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The auto industry, severely impacted by the pandemic, faces high car prices, high interest rates, and stagnant sales. Check out my analysis of the industry.