• Tue, December 17, 2024

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: 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: 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: 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: 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: 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: 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: 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: 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: 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: 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: 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: 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: 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: 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: 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: 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

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: 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,
  • Wed, December 18, 2024

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: 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: 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

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: 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: NBC Chicago

Here's what a blockbuster Nissan-Honda merger could mean for the auto industry

Top Japanese carmakers Nissan Motor and Honda Motor are understood to be exploring a blockbuster merger, as the two rival companies seek to stay competitive on the road to full electrification. It is thought the prospective tie-up could create the world ...

by: Transport Topics

Fleets' Fuel Efficiency Rose in 2023, 2022: NACFE Study

Based on data from some of the North American freight industry's largest carriers, fleet-wide fuel efficiency averaged 7.77 miles per gallon in 2023, compared with 7.62 mpg in 2022.

by: Automotive Fleet

Top 10 Sustainability Stories From 2024

From navigating the pros and cons of clean fleet technologies to minimizing risk when sending electric vehicles (EVs) home to charge, Automotive Fleet covered various timely topics this year. Check out our top sustainability stories of 2024. Take a look at ...

by: Detroit News

Biden administration grants key waiver for California auto rules, EV mandate

The move has national implications, but legal and administrative challenges from the incoming Trump administration and industry groups loom.

by: MSN

Why Norfolk Southern (NSC) Is One of the Best Freight Stocks to Buy Now?

We recently published a list of 11 Best Freight Stocks To Buy Now. In this article, we are going to look at where Norfolk Southern Corporation (NYSE:NSC) stands against other best freight stocks to buy now.

by: Wise County Messenger

Northwest slated to expand CTE opportunities

by: Impacts

How Cutting-Edge Tech is Changing the Automotive and Aerospace Industries

Introduction The worlds of tech, AI, and cryptocurrency are constantly reshaping industries we once thought were stagnant. But what if I told you that even automotive and aerospace industries are being revolutionized by innovations you wouldn't expect?

by: Cars

10 Biggest News Stories of the Week: Ram 1500 Bests Subaru Outback, Toyota Crown Signia

by: Business Insider

Why Trump's looming battle with California over EVs will affect the entire auto industry

President-elect Donald Trump has promised to block California's EV mandate, setting up a high-stakes fight over the future of the auto industry.

by: TEC

SCM and Retail Trends in 2025

Discover 2025's defining SCM and retail trends, including tariffs, compliance, AI, and automation. Learn strategies to tackle challenges and adapt to change.

by: ConsumerAffairs

Worst states for winter driving

Alaska, Wyoming and Montana are the three most dangerous states for winter driving. The deadliest city in each of these states has under 10,000 residents, reflecting higher rural crash rates. From 2020 to 2022, every state except Hawaii (and Washington, D.C.) reported at least one winter-related traffic death.

by: Reuters

US to extend airbag probe rather than require vehicle recall

The National Highway Traffic Safety Administration said on Wednesday it will not seek an immediate recall of airbag inflators in about 50 million U.S. vehicles assembled by 13 automakers and instead will conduct further investigation.

by: Yahoo

Salvation Army Christmas Bureau brings joy to thousands in Syracuse

Volunteers worked together to make sure this process was smooth for attendees by providing transportation through Centro. "I've seen lots of suffering. And one way to alleviate that suffering is to do something practical, right? I can't give ...

by: The New York Times

E.P.A. Allows California to Ban Sales of New Gas-Powered Cars by 2035

The Trump administration is expected to revoke the program, setting up a legal clash between the state and federal government.

by: wallpaper

The Rolls-Royce Ghost Series II glides into the DMs of the world's 1 per cent

The Series II version of the 'Baby Rolls' has slight but sophisticated revisions to keep this hefty saloon in the targets of an increasingly idiosyncratic and individualist buyer

by: Recycling Today

ABTC awarded $144M DOE grant

The funds will aid in the construction of the company's second lithium-ion battery recycling facility.

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: 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

US government agencies fail to meet fleet EV targets, GAO report says

U.S. government agencies failed to meet government fleet electric vehicle purchase targets, a Government Accountability Office report released Tuesday said.

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,
  • Thu, December 19, 2024

by: MSN

The Meeting of Dakota Fanning and Kurt Russell in a Ford

In the movie "Dreamer", based on a true story, a Ford stands out alongside Hollywood stars Dakota Fanning and Kurt Russell. Swipe to discover this high-performance American model on the road.

by: MSN

M5, A38 and M4: Worst times to travel during Christmas getaway this weekend

Traffic experts are warning to expect major delays this weekend and have shared the worst time to travel. British automotive service RAC has revealed that an estimated 29.3 million journeys are expected to be made by drivers in the lead-up to Christmas.

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%.

The Shyft Group, a U.S.-based specialty vehicle manufacturer, has announced plans to merge with Aebi Schmidt Holding AG, a Swiss company known for its agricultural and road maintenance equipment. This merger aims to create a global leader in specialty vehicle manufacturing, enhancing their product offerings and market reach. The combined entity will benefit from Shyft's expertise in last-mile delivery and specialty vehicles, and Aebi Schmidt's strong presence in Europe and its technology in road maintenance and agricultural sectors. The deal, expected to close in the second half of 2024, will see Shyft shareholders owning approximately 62.5% of the new company, with Aebi Schmidt shareholders holding the remaining 37.5%. The merger is anticipated to drive growth through expanded product lines, increased innovation, and operational synergies.

Read the Full Reuters Article at:
https://www.reuters.com/business/autos-transportation/us-specialty-vehicle-maker-shyft-merge-with-switzerland-based-aebi-schmidt-2024-12-16/