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UK broker team Lookers to be purchased via International Auto Holdings

Baua Electric

International Auto Holdings plans to shop for British automotive dealership chain Lookers for approximately 465 million kilos ($595 million) in money. Lookers is Europe’s fifth-largest auto retail team, in keeping with Car Information Europe’ s Information to Europe’s Largest Sellers.

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Magna lags profit estimates, cuts annual sales forecast on supply chain snags – ET Auto

Baua Electric

Canada’s Magna International missed first-quarter profit estimates and cut its full-year overall sales forecast on Friday, as auto parts suppliers navigate ongoing supply constraints and bumpy demand for electric vehicles. Magna said it expects full-year 2024 sales of USD 42.6 billion to USD 44.2 billion to USD 45.4

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Mini Aceman EV, GM home-backup hardware, 2024 EV sales to climb: Today’s Car News

Baua Electric

And EV sales are set to make gains in the U.S. According to the International Energy Agency, in an annual report and forecast out this week, EVs are set for 11% of the U.S. GM reveals more about what will turn its EVs into backup power for the home. Mini shows its Aceman EV. and globally in 2024. If this model arrives in the U.S.,

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International Auto Holdings to shop for UK automotive dealership chain Lookers for $595 million

Baua Electric

International Auto Holdings stated Tuesday it plans to shop for British automotive dealership chain Lookers for approximately 465.4 International Auto Holdings values Lookers at 120 pence according to percentage, a top class of 35 p.c million kilos ($595 million) in money. to the retain’s last value on Monday.

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TTTech Auto gains US$285M investment from Aptiv and Audi

Green Car Congress

TTTech Auto, a Vienna-based technology leader in automotive safety software, raised US$285 million (€250 million) from Aptiv PLC and Audi in its latest funding round. With this latest funding round and a valuation of more than US$1 billion, TTTech Auto confirms its strong position amid a growing number of auto tech unicorns.

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Tesla Model Y continues to lead auto sales in Norway

Push EVs

share of the auto market in March, down from 91.9% Overall auto volume was 19,366 units, up some 19% YoY, and the highest March sales since at least 2016 (though compensating from a hangover earlier in Q1). The Model Y alone took over 38% of Norway’s new passenger auto registrations in March. year on year.

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Stellantis Continues Snubbing North American Auto Shows

The Truth About Cars

Stellantis pulled out of last year’s Los Angeles Auto Show and the Specialty Equipment Market Association (SEMA) trade show , stating that it was trying to save money amid the now resolved UAW strike. At this time, our Toronto-area dealers have agreed to fund all display and activation costs pertaining to the Toronto auto show.”

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