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Geely officially discloses new global B-segment automobile modular architecture: BMA; new BMA-based SUV to launch this year

Green Car Congress

Automobile modular architectures—for example, TNGA of Toyota, and MQB, MLB and MEB of the Volkswagen Group—hav become a major trend in the auto industry. The BMA platform will be applied in compact cars, including SUVs, sedans, MPVs, crossovers, and wagons.

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Tesla launches limited-time 0.99% APR loan rate on U.S. Model Y orders

Teslarati

Tesla has launched its latest buying incentive for the Model Y, this time offering a special, super-low interest rate for those who purchase the SUV by the end of this month. The move comes as high interest rates have been a headwind for the auto industry over the past few years, and as electric vehicle (EV) sales have been slowing this year.

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BYD celebrates 7 million new energy vehicle (NEV) production milestone

Teslarati

That time has long passed, and BYD’s presence in the hybrid, PHEV, and BEV sector has grown to a point where it has garnered the respect of the global auto industry. As noted by the Chinese automaker in a post on Weibo, its 7 millionth NEV is an N7 SUV from the company’s premium sub-brand Denza.

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

Baua Electric

Magna executives said on a post-earnings call the company was assessing impacts from automakers’ shifting electrification plans, particularly in North America. Supply chain constraints, coupled with labor shortages which began during the pandemic, also continue to impact the auto industry as they try to ramp up production.

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Toyota invests $11.1M in Indiana schools to boost STEM programs

Teslarati

The investment supports future STEM careers in the area, including job opportunities in the auto industry. During the unveiling of the new Grand Highlander three-row SUV, the Japanese automaker also announced an $803 million investment in Indiana. It also includes Toyota USA Foundations’ $11.1

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Polestar 4 officially goes on sale in the US alongside its first-ever phone in China

Baua Electric

In March, the public got official pricing of the 4 during the New York Auto Show, starting at $56,300 – below its originally advertised MSRP of $60k. Last fall, Polestar also announced it was the latest in the auto industry to venture over to smartphones. FTC: We use income earning auto affiliate links.

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AlixPartners study finds post-crisis auto industry facing new set of challenges; sales projected below historical levels for foreseeable future

Green Car Congress

Specifically, the firm estimates US auto sales will reach just 12.7 AlixPartners also estimates that on-going unemployment and underemployment could cost the auto industry up to 1.5 The firm has more than 900 professionals in 15 offices across North America, Europe and Asia. million units in 2011 and only 13.6