• Wed, December 18, 2024

by: AM-online

JCT600 VLS appoints new commercial chief to strengthen customer-focused strategy

JCT600 Vehicle Leasing Solutions (VLS) has appointed Manjinder (Manny) Singh to the new role of commercial director.

by: DriveSpark

Bharat Mobility Global Expo 2025: Key Highlights & Schedule

Discover the Bharat Mobility Global Expo 2025, showcasing innovations in transportation from January 17 to 22 in Delhi. Join industry leaders and explore advancements.

by: National Observer

Is Canada's EV dream running out of charge?

It all looked so promising. Global auto giants and battery-makers lining up to build multi-billion-dollar factories. A growing market for made-in-Canada electric vehicles. Climate action on one of the most polluting industries in the country.

by: Forbes

U.S. Auto Industry At Competitive Risk Asserts Blunt Report From Execs

The auto industry is at risk from an assortment of technical, political and philosophic challenges, asserts a "white paper" from a conference of top auto execs.

by: International Business Times

Tech Takes The Wheel: AutoTech Innovators To Watch At CES 2025

As we look to CES 2025, several AutoTech innovators are set to unveil cutting-edge technologies that promise to enhance mobility and redefine the driving experience.

by: Nature

How car and battery companies can work around US trade tariffs and rules

The United States is expected to escalate restrictions on imports of these technologies from China to protect its automotive industry. But Trump's policy aims go further. The proposed repeal of the 2022 Inflation Reduction Act (IRA) and the potential ...

by: GlobeSt.com

Auto Sector Cap Rates Rise as Investment Declines

Some of the typical cap rates by automotive companies are 5.34% for AutoZone; 6.57% for Advance Auto Parts; 6.07% for O'Reilly's Auto Parts; 6.11% for Jiffy Lube; 6.02% for Take 5 Oil; and 5.68% for Valvoline.

by: AM-online

Rising costs and Chinese competition imperil Europe's car manufacturing

Europe's car manufacturers are facing mounting concerns about their long-term viability as they grapple with rising car prices and intensifying competition, according to a report from Jato Dynamics.

by: Reuters

Stellantis Italian plants to increase output from 2026, Europe's chief says

All Stellantis Italian production sites will remain active and will increase output from 2026 thanks to new models being introduced, Jean-Philippe Imparato, the chief of the carmaker's European operations,
  • Mon, December 16, 2024

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: 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: Reuters

Exclusive: Trump transition team to roll back Biden EV, emissions policies

Incoming U.S. President Donald Trump's transition team is recommending sweeping changes to cut off support for electric vehicles and charging stations and to strengthen measures blocking cars, components and battery materials from China,

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: AM-online

Automotive in 2025: Challenges remain but opportunities ripe for innovators

As the remarketing sector faces a period of profound transformation, the insights shared at the Vehicle Remarketing Association's Automotive Summit focussed on the need for agility, data-driven decision-making,

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

Exclusive: Trump transition team plans sweeping rollback of Biden EV, emissions policies

Incoming U.S. President Donald Trump's transition team is recommending sweeping changes to cut off support for electric vehicles and charging stations and to strengthen measures blocking cars, components and battery materials from China,

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,
  • Tue, December 17, 2024

by: crainsgrandrapids

Auto suppliers seek shreds of certainty in 2025 amid policy, consumer disruptions

In a transitioning automotive industry beset with uncertainty caused by shifting policies and consumer preference, industry observers say suppliers could potentially see a longer runway for internal combustion parts.

by: Yahoo

The Weekly Tender: Truckload market surging

As we approach the final days before Christmas, it's becoming evident that the truckload market has experienced a peak season stronger than those of the past two years. The post The Weekly Tender: Truckload market surging appeared first on.

by: USA Today

Consumers shift to smaller, cheaper vehicles in 2024 as affordability reshapes auto market

Consumers have spoken this year, and the message to automakers has been clear: "Those with a strong, affordable portfolio probably had the best (sales) year this year," said Charlie Chesbrough, senior economist at Cox Automotive. In its final forecast for ...

by: Arab Times

Alghanim Industries and BYD Unveil Landmark Showroom in Kuwait

Alghanim Industries, (Kutayba Alghanim Group), one of the largest privately-owned companies in the MENA region, celebrated the grand

by: DriveSpark

Bharat Mobility Global Expo 2025 Participant Details: Luxury Car Makers To Startups

With a focus on both traditional and electric vehicles, the expo promises to offer a glimpse into the future of mobility in India. Among the heavyweight participants are Maruti Suzuki, Mahindra, Tata Motors, and Hyundai Motor, with luxury carmakers like Mercedes, BMW, and Porsche also confirming their attendance.

by: U.S. News & World Report

Why Is Tech Giant SoftBank Investing Over $100 Billion in the US?

Royalties and licensing related to its holdings in the UK-based computer chip-designing company Arm, whose business spans smartphones, data centers, networking equipment, automotive ... affecting every industry, from transportation and pharmaceuticals ...

by: kr-asia

Can newcomer Cavan Auto's zero-carbon vision disrupt the NEV market?

With sustainability and purpose-built platforms at its core, Cavan Auto aims to reshape the commercial vehicle landscape with a green ecosystem approach.

by: Reuters

Fiat owner Stellantis launches upbeat plan to boost manufacturing in Italy

Fiat-maker Stellantis on Tuesday presented an upbeat plan to revitalise its output in Italy, aimed at drawing a line under months of fraught relations with the government, but with production only set to grow from 2026.

by: Detroit News

Why it's impossible to make a car without China, regardless of tariffs

Beyond China's global dominance in electric vehicle batteries, the auto industry relies on it for other key parts up and down the supply chain.

by: Investopedia

Four Market Trends to Track if You're Thinking About Buying a Car in 2025

Market trends have lately been shifting in drivers' favor, according to Cox Automotive, a software firm serving the auto industry, and that momentum is expected to carry into next year.

by: AM-online

Select Car Leasing appoints Shane Pither to lead EV division

Select Car Leasing has revitalised its electric vehicle (EV) leasing division with the appointment of Shane Pither as head of Select Electric.

by: Forbes

Why GM Ditched Cruise Driverless: Software-Driven Cars Mean Big Bucks

Here's one reason why GM ditched Cruise robotaxis: carmakers will earn more than half of their revenue from software and digital services by 2035.

by: MSN

Auto recap, Dec 17: Maruti hits 20 lakh production milestone, Skoda, Jeep announce price hikes

But HT Auto is here to deliver prompt updates regarding all the major events that happened. Here is the following brief of all the major highlights from Saturday, December 17. Maruti Suzuki has hit a major production milestone on Tuesday (December 17).

by: Seeking Alpha

Tesla: Rapid Growth Is Priced In (Rating Downgrade)

Tesla's automotive business, despite growth, doesn't support the current market price; even optimistic scenarios value it below $250/share. Click for this TSLA stock update.

by: The New York Times

Honda and Nissan Are in Talks to Deepen Ties and Possibly Merge

The automakers, Japan's second- and third-largest, are said to be discussing a tie-up that could reshape the country's industry.

by: CCJ

5 ways AI-powered demand forecasting is changing the future of logistics

Discover how AI-powered solutions are transforming the vehicle logistics industry. Learn about the benefits of predictive analytics, real-time adjustments, and optimized inventory management.

by: After Market News

AMN Year in Review: Top Manufacturing News of 2024

AAPEX 2024 may have come and gone, but there's still much to learn from the automotive aftermarket's busiest week. AAPEX offers a unique opportunity to connect with the industry's best and brightest, share a drink with colleagues at the welcome reception, and discuss where the aftermarket is headed.

by: Bridge Magazine

Report: Michigan mobility jobs grow as traditional auto employment falls

As transportation evolves, job growth needs to focus on the full range of mobility employment, a new report from MichAuto says.

by: WSYM-TV

R.E Olds Museum celebrates the 120th anniversary of REO Motor Car Company

At one point, REO Motor Car Company employed 10% of the Lansing population and today, the R.E. Olds Museum is recognizing the impact the company had on the auto industry and Lansing.

by: AM-online

Sytner Group's Bradford Audi dealership to close after 15 years

Sytner Group's Audi showroom on Canal Road, Bradford, has confirmed it has closed for business. A notice on the dealership's webpage reads "We regret to inform you that Bradford Audi has permanently closed. Please find our alternative dealerships below."

by: Forbes

U.S. Auto Industry At Risk Asserts Blunt Report From Exec Conference

The auto industry is at risk from an assortment of technical, political and philosophic challenges, asserts a "white paper" from a conference of top auto execs.

by: Reuters

US specialty vehicle maker Shyft to merge with Switzerland-based Aebi Schmidt

Shyft Group and Switzerland-based Aebi Schmidt will merge in an all-stock deal, the companies said on Monday, sending the U.S. specialty vehicle maker's shares up 13%.

by: MSN

Employee of 2 weeks stabs president of Muskegon area business during meeting

The president of a Muskegon area business was stabbed by an employee Tuesday, Fruitport Police confirm. It happened at Andersen Express, an automotive supply manufacturer located at 3011B South Mill Iron Road in Muskegon,

by: MSN

Why is tech giant SoftBank investing over $100 billion in the U.S.?

Japanese tycoon Masayoshi Son and President-elect Donald Trump have announced plans for technology and telecoms giant SoftBank Group to invest $100 billion in projects in the United States over the coming four years.

by: Reuters

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.

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.

by: MSN

What's Next for Cars? 14 Innovations Coming In 2025 and Beyond

I remember when I first got a car with electric windows. What a game-changer! But now, that tech is exceedingly basic compared with emerging car features, like advanced driver assistance, AI maintenance,
  • 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 ...

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 ...
The article from The New York Times, published on December 15, 2024, discusses the challenges faced by automakers in the current economic climate. It highlights how traditional car manufacturers are grappling with the shift towards electric vehicles (EVs), increased competition from new entrants like Tesla and Chinese EV makers, and the lingering effects of supply chain disruptions. The piece details how legacy automakers are struggling to adapt their business models to meet new consumer demands for sustainability and technology integration. Additionally, it covers the financial strain due to high production costs, the need for significant investment in EV technology, and the impact of regulatory changes aimed at reducing emissions. The article also touches on labor issues, with unions pushing for better wages and job security amidst the industry's transformation, and how these factors are collectively putting pressure on automakers' profitability and market share.

Read the Full The New York Times Article at:
https://www.nytimes.com/2024/12/15/business/automakers-trouble.html