DELRAY BEACH, Fla., May 5, 2025 /PRNewswire/ — The microcars market is projected to grow from USD 36.75 billion in 2025 to USD 49.00 billion by 2032 at a CAGR of 4.2%, according to a new report by MarketsandMarkets. The microcars market is expanding in Asia due to increased urbanization; population shifts from rural to urban… Continue reading Microcars Market worth $49.00 billion by 2032 | MarketsandMarkets
Tag: GM
Car Prices Expected to Rise as Tariffs on Parts Kick In
The United States imposed 25 percent tariffs on imported auto parts on Saturday that could sharply raise prices for new and used vehicles as well as for repairs and insurance. The latest tariffs, which President Trump ordered in March as part of his plan to promote domestic manufacturing, come after the 25 percent levies on… Continue reading Car Prices Expected to Rise as Tariffs on Parts Kick In
German FAZ: Supplier in the Harz worries about your future009285
No cars are built in Saxony-Anhalt, but the supply industry shapes the country’s economic structure. “A component from Saxony-Anhalt is in every car built in Germany,” it sums up location marketing. The most important customers include manufacturers such as BMW, Opel, Tesla and Volkswagen, which operate the factory locations in the neighboring federal states of… Continue reading German FAZ: Supplier in the Harz worries about your future009285
German FAZ: Supplier in the Harz worries about your future009285
No cars are built in Saxony-Anhalt, but the supply industry shapes the country’s economic structure. “A component from Saxony-Anhalt is in every car built in Germany,” it sums up location marketing. The most important customers include manufacturers such as BMW, Opel, Tesla and Volkswagen, which operate the factory locations in the neighboring federal states of… Continue reading German FAZ: Supplier in the Harz worries about your future009285
Magna International Inc (MGA) Q1 2025 Earnings Call Highlights: Navigating Challenges and …
Consolidated Sales: $10.1 billion, down 8% year-over-year. Adjusted EBIT: $354 million with an adjusted EBIT margin of 3.5%. Adjusted EPS: $0.78, down 28% year-over-year. Free Cash Flow: Used $313 million in the quarter. North American Production: Reduced by about 100,000 units to 15 million. Capital Spending: Expected to be in the $1.7 billion to $1.8… Continue reading Magna International Inc (MGA) Q1 2025 Earnings Call Highlights: Navigating Challenges and …
GM cuts shift at Canada plant over ‘evolving trade environment’
General Motors said Friday it would reduce the number of shifts at a truck assembly plant in Canada, as US President Donald Trump’s trade war upends the North American auto sector. The announcement comes a day after the US auto giant said it projected a $4-5 billion hit this year from Trump’s tariffs, despite moves… Continue reading GM cuts shift at Canada plant over ‘evolving trade environment’
Zeigler Subaru of Schereville & Zeigler Subaru of Lafayette Honored with the 2025 Subaru Love Promise Customer and Commitment Gold Award
Zeigler Auto Group today announced that its Subaru of Lafayette and Subaru of Schererville dealerships have been recognized with the 2025 Subaru Love Promise Customer and Community Commitment Gold Award.This award distinguishes Subaru’s most elite class of retailers for their extraordinary efforts and achievements with their customers and communities. INDIANAPOLIS, May 2, 2025 /PRNewswire/ — Zeigler… Continue reading Zeigler Subaru of Schereville & Zeigler Subaru of Lafayette Honored with the 2025 Subaru Love Promise Customer and Commitment Gold Award
Consumers Energy Breaks Ground on Blackman Solar Gardens Site Near Jackson
30-acre site will generate up to 2.5 megawatts of electricity for customers BLACKMAN TOWNSHIP, Mich., May 2, 2025 /PRNewswire/ — During a ceremonial groundbreaking event today featuring local elected officials, Consumers Energy representatives and representatives from construction contractor Kokosing, celebrated the beginning of site work and construction on our Blackman Solar Gardens solar project, which is… Continue reading Consumers Energy Breaks Ground on Blackman Solar Gardens Site Near Jackson
Martinrea International Inc. Reports First Quarter Results and Declares Dividend
TORONTO, May 01, 2025 (GLOBE NEWSWIRE) — Martinrea International Inc. (TSX : MRE), a diversified and global automotive supplier engaged in the design, development and manufacturing of highly engineered, value-added Lightweight Structures and Propulsion Systems, today announced the release of its financial results for the first quarter ended March 31, 2025, and declared a quarterly… Continue reading Martinrea International Inc. Reports First Quarter Results and Declares Dividend
Ford kills project to develop Tesla-like electronic brain
FNV4 development contributed to Ford’s losses on software and EVs, which totaled $4.7 billion in 2023 and $5 billion in 2024. Ford Motor has killed a program to develop next-generation electrical architecture – the brain of modern cars – that its executives have called pivotal to competing with electric-vehicle pioneers such as Tesla, three sources… Continue reading Ford kills project to develop Tesla-like electronic brain