German Handelsblatt: Supplier: Record order for e-drives: Auto supplier ZF “more than compensates” for the loss of combustion engines004939

Wolf-Henning Scheider Der Vorstandsvorsitzende von ZF legt die Zahlen vor. (Foto: picture alliance/dpa) Der zweitgrößte deutsche Automobilzulieferer ZF wächst trotz rückläufiger Produktionszahlen der Autohersteller. Im ersten Halbjahr legte der Umsatz des Stiftungskonzerns vom Bodensee um zehn Prozent auf 21,2 (2021: 19,3) Milliarden Euro zu. Nach Angaben des Managements sind weniger als die Hälfte des Umsatzanstiegs auf… Continue reading German Handelsblatt: Supplier: Record order for e-drives: Auto supplier ZF “more than compensates” for the loss of combustion engines004939

Forget those Tesla crashes: GM says you can trust its autonomous vehicles

General Motors is racing to electrify its vast lineup of vehicles in a concerted bid to outpace Tesla as the No. 1 seller of EVs in the world. But it’s also competing with Tesla on a whole other front: autonomous vehicles. On this front, GM feels like it has an edge. It’s hands-free advanced driver-assist… Continue reading Forget those Tesla crashes: GM says you can trust its autonomous vehicles

German Handelsblatt: Supplier: Record order for e-drives: Auto supplier ZF “more than compensates” for the loss of combustion engines004937

Wolf-Henning Scheider Der Vorstandsvorsitzende von ZF legt die Zahlen vor. (Foto: picture alliance/dpa) Der zweitgrößte deutsche Automobilzulieferer ZF wächst trotz rückläufiger Produktionszahlen der Autohersteller. Im ersten Halbjahr legte der Umsatz des Stiftungskonzerns vom Bodensee um zehn Prozent auf 21,2 (2021: 19,3) Milliarden Euro zu. Nach Angaben des Managements sind weniger als die Hälfte des Umsatzanstiegs auf… Continue reading German Handelsblatt: Supplier: Record order for e-drives: Auto supplier ZF “more than compensates” for the loss of combustion engines004937

July retail sales fall 8%; cautiously optimistic entering the festive season: FADA

Representative Image New Delhi: Even though the passenger vehicle registrations saw a year-on-year decline of 5% at 2,50,972 units in July 2022, the segment is witnessing a recovery as retail sales are already higher than 2019, says the data shared by Federation of Automobile Dealers Associations (FADA) on Thursday. Retail sales of two wheelers also… Continue reading July retail sales fall 8%; cautiously optimistic entering the festive season: FADA

Vehicle retails in July down by 8%, 3-wheelers and CVs shine

Here is the real-world, on-ground market reality of vehicle sales in India. As per the vehicle retail data for July 2022 released by the Federation of Automobile Dealers Associations (FADA) today, total vehicle retails at 14,36,927 units are a 7.84% decline from July 2021’s 15,59,106 units. Three-wheelers (up 80%)  and commercial vehicles (27%) were the… Continue reading Vehicle retails in July down by 8%, 3-wheelers and CVs shine

Readout of Deputy Attorney General Lisa O. Monaco’s Trip to South Carolina

Deputy Attorney General (Deputy AG) Lisa O. Monaco traveled to South Carolina this week to see firsthand how the Justice Department is working with local communities to protect public safety. The Deputy AG attended two National Night Out events on Tuesday evening in Charleston and North Charleston, South Carolina. Joined by U.S. Attorney Adair Ford Boroughs… Continue reading Readout of Deputy Attorney General Lisa O. Monaco’s Trip to South Carolina

MILLER INDUSTRIES REPORTS 2022 SECOND QUARTER RESULTS

CHATTANOOGA, Tenn., Aug. 3, 2022 /PRNewswire/ — Miller Industries, Inc. (NYSE: MLR) (the “Company”) today announced financial results for the second quarter ended June 30, 2022. For the second quarter of 2022, net sales were $201.5 million, an increase of 11.2%, compared to $181.2 million for the second quarter of 2021. Net income in the… Continue reading MILLER INDUSTRIES REPORTS 2022 SECOND QUARTER RESULTS

German FAZ: The seven dangers for the competition system 003856

Dangerous competition for Germany? Chinese dockers in Qingdao Image: AFP We can prevent the concentration of economic power and improve opportunities for prosperity. However, this raises the fundamental question: Does competition in a market economy really serve the people? A guest post. The competitive order is facing major challenges in the course of the digital… Continue reading German FAZ: The seven dangers for the competition system 003856

Volvo sells 44,664 cars in July; to set up battery production plant in Sweden

New Delhi: Swedish carmaker Volvo Cars today reported sales of 44,664 cars in July, down 21.5% compared with the same month last year. Demand for the company’s cars remains robust, especially for its Recharge range of pure electric and plug-in hybrid cars, a company statement said. Recharge cars accounted for 21.5% of sales in July.… Continue reading Volvo sells 44,664 cars in July; to set up battery production plant in Sweden