Mercedes-Benz appoints Nadia Trimmel as Vice President, Marketing & Sales, Mercedes-Benz Cars Malaysia & SEA II

Mercedes-Benz Malaysia announces a new senior leadership appointment to steer its marketing and sales operations. Effective 1st July 2024, Nadia Trimmel joins as Vice President, Marketing & Sales, Mercedes-Benz Cars Malaysia & SEA II. Trimmel joined Mercedes-Benz in 2014 as General Manager Sales and assumed the role of Managing Director Mercedes-Benz Vans South Africa two… Continue reading Mercedes-Benz appoints Nadia Trimmel as Vice President, Marketing & Sales, Mercedes-Benz Cars Malaysia & SEA II

India ranked 12th in Renault’s Top 15 markets, plots new models to regain growth

The Renault Group has announced its first-half (January-June) results for calendar year 2024. India, which is among the fastest-growing automobile markets in the world and registered record sales of 4.21 million units in FY2024 and 4.10 million units in CY2023, has been ranked 12th among The French carmaker’s Top 15 global markets. That’s one position… Continue reading India ranked 12th in Renault’s Top 15 markets, plots new models to regain growth

Steam Turbine Market size is set to grow by USD 3.88 billion from 2024-2028, Growing demand for power generation boost the market, Technavio

NEW YORK, July 25, 2024 /PRNewswire/ — The global steam turbine market size is estimated to grow by USD 3884.4 mn from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 4.19% during the forecast period. Growing demand for power generation is driving market growth, with a trend towards increasing… Continue reading Steam Turbine Market size is set to grow by USD 3.88 billion from 2024-2028, Growing demand for power generation boost the market, Technavio

Smart Grid IT Systems Market size is set to grow by USD 35.17 billion from 2024-2028, Growing demand for energy and cost-efficiency to boost the market growth, Technavio

NEW YORK, July 25, 2024 /PRNewswire/ — The global smart grid IT systems market  size is estimated to grow by USD 35.17 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  22.07%  during the forecast period.  Growing demand for energy and cost-efficiency is driving market growth, with a trend towards increasing role… Continue reading Smart Grid IT Systems Market size is set to grow by USD 35.17 billion from 2024-2028, Growing demand for energy and cost-efficiency to boost the market growth, Technavio

Nissan suffers 99% profit plunge on U.S. hybrid woes

TOKYO — Nissan Motor saw its operating profit plummet 99% on the year in April-June as its lack of hybrid offerings in the critical U.S. market took a toll on sales. Group operating profit came to 995 million yen ($6.4 million) for the quarter, according to earnings results announced Thursday. The automaker also revised its forecast for… Continue reading Nissan suffers 99% profit plunge on U.S. hybrid woes

Fears of automotive industry downturn as profits slide at Nissan and Stellantis

Nissan said its operating profit had collapsed 99% to 995 million yen (£5.03m). Photograph: Owen Humphreys/PA View image in fullscreen Nissan said its operating profit had collapsed 99% to 995 million yen (£5.03m). Photograph: Owen Humphreys/PA Fears of automotive industry downturn as profits slide at Nissan and Stellantis Carmakers announce disappointing results, and production in… Continue reading Fears of automotive industry downturn as profits slide at Nissan and Stellantis

Car Sharing Platforms Grow Across North America

A remarkable trend in the U.S. market is the trials of tele-operated car sharing. Las Vegas has seen the introduction of the first tele-operated car sharing services like Halo. Photo: Halo.Car The North American car sharing market in the US, Canada, and Mexico counts at least 70 operators today, according to a new white paper… Continue reading Car Sharing Platforms Grow Across North America

Stellantis and Nissan deepen fears over auto industry downturn

Standard Digital Weekend Print + Standard Digital wasnow $75 per month Complete digital access to quality FT journalism with expert analysis from industry leaders. Pay a year upfront and save 20%. What’s included Global news & analysis Expert opinion FT App on Android & iOS FT Edit app FirstFT: the day’s biggest stories 20+ curated… Continue reading Stellantis and Nissan deepen fears over auto industry downturn