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AutoZone’s quarterly profit beats estimates on demand for car parts – ET Auto

Baua Electric

AutoZone beat estimates for third-quarter profit on Tuesday, driven by strong demand for automotive parts as more Americans held on to their ageing cars amid higher prices and wait times for newer models. Quarterly net sales at the auto parts supplier, which competes with Advance Auto Parts and O’Reilly Automotive , rose 3.5%

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Tesla parts supplier Ningbo Tuopu signs cooperation deal with NIO

CN EV Post

NIO US | NIO HK | NIO SG (Image credit: CnEVPost) Ningbo Tuopu Group, a Tesla parts supplier, has signed an agreement with NIO (NYSE: NIO) in which the two companies will adopt an innovative partnership model not commonly seen in the automotive industry. Ningbo Tuopu was founded in 1983 and is one of the largest parts suppliers in China.

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The Endowment Effect and Tesla Autopilot & FSD: The Remedies & Their Limits (Part 2)

CleanTechnica EVs

This article is the second part of a two-part series. You can find Part 1 here. If government officials decide to compensate people to reduce pushback, and the purchase price is insufficient to do that, then how does one set a price on Autopilot and FSD Beta functionality?

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Auto parts seller LKQ cuts 2024 sales forecast as warm weather slows demand – ET Auto

Baua Electric

It now expects to report organic revenue growth for parts and services between 2.5% Auto parts distributor LKQ cut its full-year sales forecast on Tuesday and missed estimates for first-quarter profit amid falling metal prices and softening demand for spares in North America. for 2024, down from its prior guidance of 3.5%

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EV demand spikes in the U.S. and Europe during first part of the year

Teslarati

Gas prices in Europe and North America remain elevated compared to late 2020, EV incentives in many parts of the world remain in place to aid consumers, and new incentives for suppliers have also been put in place, helping to make EV production ever-cheaper. What do you think of the article? The post EV demand spikes in the U.S.

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SAIC’s MG to open second Europe parts centre by the summer – ET Auto

Baua Electric

MG Motors, a unit of Chinese automaker SAIC, will open a second European parts centre by the summer of 2024 in France to meet the country’s growing demand for its vehicles, a spokesperson told Reuters on Thursday. The new European site will be operated by a partner near Lens, in Hauts-de-France, near the Belgian border.

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Mercedes-AMG C63 S Prices Set in Germany

Clean Fleet Report

Mercedes-AMG C63 S Prices Set in Germany German Automaker’s High-performance Sedan Goes for €115,000; station wagon adds €1,600 (~$125,000 & $1,750); a Year Away from Stateside Arrival This article may contain affiliate links. Now, prices have been released for Germany. Are those Mercedes Tuning Parts?