India’s largest luxury car maker and market leader Mercedes-Benz India has reported a record-breaking year in 2022. The Pune-based company maintained its strong sales momentum and lead, recording its best-ever calendar year sales of 15, 822 units, which constitutes 41% year-on-year growth (CY2021: 11,242 units). That the German carmaker was headed for record sales in… Continue reading Mercedes-Benz India achieves best-ever annual sales in its history
Category: US Motoring Press
Stellantis CEO says electric vehicle tech costs could mean smaller market for new cars
This content is only available to subscribers. Get unlimited digital access. $1 for 6 Months. Subscribe Now Your subscription supports: Unlimited access to subscriber only articles on desktop, tablet and mobile web. The eNewspaper, a digital replica of the print paper, every day. Access to exclusive sports reporting on your local teams from USA TODAY… Continue reading Stellantis CEO says electric vehicle tech costs could mean smaller market for new cars
Ram 1500 electric pickup concept described as ‘brutiful’
Ram Trucks’ first electric pickup might be set to answer those wondering about its capabilities. The Stellantis brand planned to unveil its concept version, formally the Ram 1500 Revolution Battery-electric Vehicle concept, on Thursday at CES in Las Vegas and said the truck would be built on a platform that it has said can manage… Continue reading Ram 1500 electric pickup concept described as ‘brutiful’
Automakers are cautiously optimistic for a 2023 rebound after worst new vehicle sales in more than a decade
New Jeeps on display at a New York City car dealership on Oct. 5, 2021. Spencer Platt | Getty Images DETROIT — Automakers are hopeful last year’s new vehicle sales — the worst in more than a decade — will mark a bottom for the market, at least in the near term. Industry estimates range… Continue reading Automakers are cautiously optimistic for a 2023 rebound after worst new vehicle sales in more than a decade
These 6 Club stocks look reasonably priced as Wall Street shuns high flyers
We’re growing increasingly worried about some richly valued companies in our portfolio, including the likes of Nvidia (NVDA) and Microsoft (MSFT). Expensive stocks remain out of favor on Wall Street — just as they had been for much of last year — and there could be more room for them to fall as recession fears… Continue reading These 6 Club stocks look reasonably priced as Wall Street shuns high flyers
Tesla suppliers’ shares jump as electric automaker cuts prices for some models in China
Hong Kong, China, 13 Sept 2022, A red Tesla car passes in front of a Tesla dealership in Wanchai. (Photo by Marc Fernandes/NurPhoto via Getty Images) Nurphoto | Nurphoto | Getty Images Tesla’s Chinese suppliers jumped after the electric automaker slashed prices for some models in China. In a Weibo post, the company said its… Continue reading Tesla suppliers’ shares jump as electric automaker cuts prices for some models in China
Andretti joins forces with General Motors for Cadillac Formula 1 entry bid
Michael Andretti, team owner of Walkinshaw Andretti United, looks on during qualifying for Supercars Adelaide 500 on March 2, 2018 in Adelaide, Australia. Daniel Kalisz | Getty Images Sport | Getty Images Andretti have teamed up with General Motors in a bid to enter Formula 1 which, if successful, would also see the famous Cadillac… Continue reading Andretti joins forces with General Motors for Cadillac Formula 1 entry bid
Ram previews new electric pickup to rival Ford, Rivian and others
Ram 1500 Revolution BEV electric concept truck Stellantis Ram Truck previewed its upcoming electric pickup Thursday at the CES technology show, as the automaker plans its entrance into the emerging segment next year to compete with Detroit rivals as well as Rivian and, potentially, Tesla. The Stellantis truck brand revealed the Ram 1500 Revolution BEV… Continue reading Ram previews new electric pickup to rival Ford, Rivian and others
If economy slows, Stellantis’ Belvidere plant, others could be at risk
The CEO of the maker of Jeep SUVs said if the economy and consumer demand worsen, that could be bad news for its Cherokee plant in Belvidere, Illinois, and perhaps other manufacturing facilities. Stellantis NV last month announced it was idling indefinitely the Belvidere Assembly Plant, which makes the Jeep Cherokee, at the end of… Continue reading If economy slows, Stellantis’ Belvidere plant, others could be at risk
Car financing newcomers are ready to seize on Biden’s EV boom
This content is only available to subscribers. Get unlimited digital access. $1 for 6 Months. Subscribe Now Your subscription supports: Unlimited access to subscriber only articles on desktop, tablet and mobile web. The eNewspaper, a digital replica of the print paper, every day. Trusted, up-to-date local Detroit and Michigan breaking news. Newsletters on topics that… Continue reading Car financing newcomers are ready to seize on Biden’s EV boom