Changing technology, political turmoil and competition from China are cutting into profits and forcing carmakers to cut jobs and close factories. Go to Source
Category: US Motoring Press
GM to Shut Down Its Cruise Robotaxi Project
The company said it would now focus its efforts on developing fully autonomous vehicles for personal use. Go to Source
Chinese Carmakers Are Taking Mexico by Storm While Eyeing U.S.
BYD and other manufacturers are importing cars from China and scouting factory sites in Mexico as part of a global expansion that, for now, excludes the United States. Go to Source
Hindenburg Research shorts Carvana, calling company’s turnaround a ‘mirage’
CFOTO | Future Publishing | Getty Images Noted short seller Hindenburg Research disclosed a bet against Carvana on Thursday, claiming the online used-car retailer’s recent turnaround is a “mirage” that is being propped up by unstable loans and accounting manipulation. The report, called “Carvana: A Father-Son Accounting Grift For The Ages,” centers on Carvana’s practice… Continue reading Hindenburg Research shorts Carvana, calling company’s turnaround a ‘mirage’
Tesla shares slide after it reports first drop in annual deliveries
watch now Tesla posted its fourth-quarter vehicle production and deliveries report on Thursday. Here are the key numbers: Total deliveries Q4 2024: 495,570 Total production Q4 2024: 459,445 Total annual deliveries 2024: 1,789,226 Total annual production 2024: 1,773,443 Results for the quarter represented the first annual drop in delivery numbers for Tesla, which reported 1.81 million deliveries… Continue reading Tesla shares slide after it reports first drop in annual deliveries
China’s electric car boom is increasingly more about hybrids
A Leapmotor vehicle with range extension is on display at the company’s headquarters in Hangzhou, China, on June 22, 2024. Bloomberg | Bloomberg | Getty Images BEIJING — Hybrid-powered vehicles are proving more popular than battery-only ones in China, even as consumers shift away from gas-only cars, full-year data show. BYD, by far the market… Continue reading China’s electric car boom is increasingly more about hybrids
Hero MotoCorp records 7% growth in CY24; December sales declines by 17%
Hero MotoCorp, the largest two-wheeler manufacturer achieved a 7.5% growth in sales in calendar year 2024. The sales increased to 59 lakh units in 2024, from 54 lakh in the year ago period. However, the December sales volume dropped by 17.5% on-year to 324,906 units. The company dispatched 294,152 two-wheelers in the domestic market in… Continue reading Hero MotoCorp records 7% growth in CY24; December sales declines by 17%
Some vehicles risk losing company car tax breaks due to new rules
Some vehicles are at risk of losing company car tax breaks following the 1 January change to the way plug-in hybrid (PHEV) fuel efficiency and CO2 emissions are calculated. These reforms arrive after long-standing criticism that the published fuel economy figures of PHEVs fail to reflect real-world performance, which in turn undermines their contribution to cutting manufacturers’… Continue reading Some vehicles risk losing company car tax breaks due to new rules
Force Motors to supply 2,429 ambulances to Uttar Pradesh health department
Force Motors Limited, a prominent manufacturer of commercial and specialty vehicles in India, has been awarded a contract by the Uttar Pradesh Government Health Department to supply 2,429 ambulances. The Force Traveller Ambulance, widely used across the country, has been chosen for its suitability for emergency medical transportation. Designed to cater to various healthcare… Continue reading Force Motors to supply 2,429 ambulances to Uttar Pradesh health department
NEWSMAKER 2024: Nitin Gadkari – The Road Builder…
The year 2024 has been crucial for Nitin Gadkari, India’s Union Minister for Road Transport and Highways, as he goes about his mission of corralling support for the country’s sustainable transportation agenda. Known for his straightforward speeches and practical approach, Gadkari has led policies that are transforming India’s transportation sector and advancing its role in… Continue reading NEWSMAKER 2024: Nitin Gadkari – The Road Builder…