Stellantis sales drop 9% in first quarter

U.S. sales of the maker of Chrysler, Dodge, Jeep and Ram vehicles dropped 9% in the first quarter year-over-year, as negative market conditions hit deliveries. Stellantis NV sold 368,327 vehicles in the first three months of the year compared to 405,221 a year ago. Only Chrysler and Dodge, the two brands promoting the final model… Continue reading Stellantis sales drop 9% in first quarter

Paris just voted to ban rental e-scooters. Other cities could be next

Paris – Residents here voted to ban e-scooters for hire, making the French capital the first major European city to U-turn on the two-wheelers. Many are seeing this as a litmus test for how the micromobility industry would fare in the face of government efforts around the world to restrict it. The results of Sunday’s… Continue reading Paris just voted to ban rental e-scooters. Other cities could be next

GM sales up 17.6% in Q1 as EVs hit new milestone

General Motors Co. reported a year-over-year 17.6% sales increase in the first quarter, despite rising interest rates, continued inflation and growing economic uncertainty. GM’s U.S. dealers sold 603,208 new vehicles in the first three months of 2023 compared to 512,846 a year ago, boosted by greater access to inventory. For the first time, it sold… Continue reading GM sales up 17.6% in Q1 as EVs hit new milestone

GM’s BrightDrop ships first 500 electric delivery vans out of Ontario plant

BrightDrop, the General Motors Co. startup focused on offering electric delivery options, has shipped the first 500 electric delivery vans out of CAMI Assembly in Ontario, Canada that opened three months ago, the company said Monday. BrightDrop’s 2023 Zevo 600 is sold out but the company hasn’t provided a volume breakdown of units per model year. BrightDrop… Continue reading GM’s BrightDrop ships first 500 electric delivery vans out of Ontario plant

Cummins announces investments of more than US$1 billion across U.S. manufacturing network

Cummins announces investments of more than US$1 billion across U.S. manufacturing network US conglomerate Cummins is investing over US$1 billion across it’s engine manufacturing network in Indiana, North Carolina and New York. This coincides with President Biden’s visit to Cummins in Fridley, Minnesota, as part of his Investing in America tour. “I am delighted that… Continue reading Cummins announces investments of more than US$1 billion across U.S. manufacturing network

Cummins announces investments of more than US$1 billion across U.S. manufacturing network

Cummins announces investments of more than US$1 billion across U.S. manufacturing network US conglomerate Cummins is investing over US$1 billion across it’s engine manufacturing network in Indiana, North Carolina and New York. This coincides with President Biden’s visit to Cummins in Fridley, Minnesota, as part of his Investing in America tour. “I am delighted that… Continue reading Cummins announces investments of more than US$1 billion across U.S. manufacturing network

Cummins announces investments of more than US$1 billion across U.S. manufacturing network

Cummins announces investments of more than US$1 billion across U.S. manufacturing network US conglomerate Cummins is investing over US$1 billion across it’s engine manufacturing network in Indiana, North Carolina and New York. This coincides with President Biden’s visit to Cummins in Fridley, Minnesota, as part of his Investing in America tour. “I am delighted that… Continue reading Cummins announces investments of more than US$1 billion across U.S. manufacturing network

Mahindra & Mahindra achieves best-ever sales in FY2023: 359,253 units, up 59%

Mahindra & Mahindra (M&M) has wrapped up FY2023 on a very strong note. The company’s passenger vehicle division has reported total wholesales of 359,253 units, which constitutes handsome 59% year-on-year growth (FY2022: 225,895 units). The FY2023 total marks the company’s highest-ever sales in a fiscal, accelerating ahead of FY2019’s 254,351 units (see 10-year sales data… Continue reading Mahindra & Mahindra achieves best-ever sales in FY2023: 359,253 units, up 59%

Customers have started to move towards larger/more powerful vehicles across all segments: ACMA Automechanika New Delhi

Customers have started to move towards larger/more powerful vehicles across all segments: ACMA Automechanika New Delhi Private and commercial vehicle production in 2022 increased by nearly 20 percent and roughly 30 percent respectively, on increased demand and fewer supply chain disruptions as compared to FY21. That’s the word coming in from the Auto Components Industry… Continue reading Customers have started to move towards larger/more powerful vehicles across all segments: ACMA Automechanika New Delhi