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The $10,000 BYD Seagull EV is scaring the U.S. auto industry

Teslarati

Former General Motors (GM) executive Terry Woychowski, who is now President of engineering consultancy Caresoft Global, called the arrival of the Seagull a “clarion call for the rest of the auto industry,” adding that it’s a “significant event” (via CNBC ). auto sector,” the organization writes.

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Stellantis strengthens ties with China’s auto industry

Teslarati

Stellantis appears to be strengthening its ties in China’s automotive industry. Stellantis recently repurchased €934 million in shares from Chinese auto company Dongfeng as per a pre-existing share repurchase framework. Dongfeng Motors Corporation Ltd. is a state-owned automobile manufacturer headquartered in Wuhan, Hubei.

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Turbocharge UK competitiveness to win Race to Zero prize, auto industry urges

Electric Cars Report

Britain’s ability to compete as an electric vehicle production leader is at risk unless government responds urgently to increasingly fierce international competition, the Society of Motor Manufacturers and Traders (SMMT) warns in a new blueprint published today.

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AIDA servicing evolving needs of the auto industry | Autocar Professional

Baua Electric

Since 1917, AIDA has led the metal-forming industry as the well-known manufacturer of metal-forming systems, particularly servo and mechanical presses for various applications in the global automotive and component industries, including OEMs and Tier 1 to Tier 3 suppliers. AIDA specialises in metal forming equipment for the industry.

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Auto industry spent less on advertising in 2022; Tesla already spends $0

Teslarati

The automotive industry spent less on advertising during the first seven months of 2022. Although Tesla spends $0, the decline in ad spending could be an indicator of troubles for an industry trying to compete with Tesla’s EV lead. Reuters reported that the auto industry’s ad spending fell to $4.8

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Auto industry to invest USD 7 bn in 5 years to deepen parts localisation – ET Auto

Baua Electric

“World over, the industry is building resilient supply chains by reducing overdependence on any particular country or geography,” said Shradha Suri Marwah, president of ACMA. Automakers and their suppliers are likely to make this investment between FY24 and FY28, industry body Automotive Component Manufacturers Association ( ACMA ) said.

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Largest Auto-Industry Employer In California: Electric-Car Maker Tesla Motors

Green Car Reports

Tesla Motors is one of the youngest U.S. It''s also, amazingly, become California''s biggest auto-industry employer--edging out even Toyota. automakers, but has made a disproportionately large impact in the automotive media''s headlines over the last few years.