US Auto Industry Down 8% Since 2019
CleanTechnica EVs
SEPTEMBER 24, 2023
It’s time for another one of our quarterly US auto sales reports. No other media outlet compares US auto industry trends with as much history and depth as we do in these.
Stellantis strengthens ties with China’s auto industry
Teslarati
NOVEMBER 23, 2023
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. The post Stellantis strengthens ties with China’s auto industry appeared first on TESLARATI.
How Much Is The German Auto Industry Under Threat?
CleanTechnica EVs
SEPTEMBER 4, 2023
However, at that time, the German auto industry felt confident that it could continue to mainly produce and sell ICE (internal combustion engine) vehicles in Germany while at the […]
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Benchmark: Russia’s invasion of Ukraine risks raising costs for Europe’s auto industry
Green Car Congress
FEBRUARY 26, 2022
Russia’s invasion of Ukraine threatens to increase costs for Europe’s vehicle industry, which is already struggling with record high lithium prices and a shortage of semiconductor chips, according to Benchmark Mineral Intelligence.
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US Auto Industry Down 3+ Million Sales (19%) Since 2019
CleanTechnica EVs
FEBRUARY 26, 2023
The US auto industry has been declining steadily for a few years at least. Compared to 2021, the American auto industry’s annual sales were down by more than 1 million units, or 8%. Compared to 2020, there were “only” down by 725,726 units (5%).
US Auto Industry Up 10% In 4th Quarter — But Down 16% Compared To Q4 2019
CleanTechnica EVs
FEBRUARY 26, 2023
The US auto industry is truly on the rebound. Seemingly not, as US auto industry sales in the 4th quarter of 2022 were 10% higher than […] In the 3rd quarter, sales increasing 1% compared to the 3rd quarter of 2021, the first positive trend in a while. But was it just a lucky little blip?
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Tesla’s market cap drop is worth almost the entire legacy auto industry
Electrek
DECEMBER 28, 2022
Tesla’s loss in market capitalization equals almost the entire legacy auto industry combined – one of the most significant losses in value of all time. The post Tesla’s market cap drop is worth almost the entire legacy auto industry appeared first on Electrek.
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Tesla tops the list of most satisfied customers in the entire auto industry
Electrek
JUNE 15, 2022
Tesla has topped the list of most satisfied customers in the entire auto industry, with Model 3 taking the top spot for for all cars globally. The post Tesla tops the list of most satisfied customers in the entire auto industry appeared first on Electrek.
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Tesla is fighting the auto industry over fuel economy standards
Electrek
SEPTEMBER 23, 2021
Tesla is fighting the rest of the auto industry in the US over respecting the Corporate Average Fuel Economy (CAFE) requirements set back in 2016. more… The post Tesla is fighting the auto industry over fuel economy standards appeared first on Electrek.
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Upstream Security: cyber hacks could cost auto industry $24 billion within 5 years
Green Car Congress
DECEMBER 17, 2018
Cyber hacks might cost the auto industry roughly $24 billion within five years, according to a new study by Upstream Security , which specializes in cloud-based security protection. billion, while we are seeing that the cost for the industry as a whole could reach $24 billion by 2023. The risk is immense.
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Odd Car Designs Are Lacking In Today’s Auto Industry
CleanTechnica EVs
MARCH 19, 2022
Is it just me, or has all the fun been sucked out of the auto industry? In previous decades, the unique design of a car was something to be celebrated. Cars were an extension of one’s personality and were intended to make a statement. A bit before my time, not just fish could have fins […].
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GM Says Updated U.S. Emissions Rules Will Cost Auto Industry Billions in Fines
The Truth About Cars
JULY 28, 2023
The National Highway Traffic Safety Administration (NHTSA) will soon release its proposal to increase Corporate Average Fuel Efficiency (CAFE) requirements and General Motors has signaled its concerns regarding how much more money it will cost the automotive industry. This was verified via information found on the White House website.
ABB and HASCO create joint venture to drive smart manufacturing in China’s auto industry
Green Car Congress
JANUARY 5, 2022
Automation expert ABB and China’s leading automotive parts supplier, HASCO, are forming a joint venture to drive the next generation of smart manufacturing in China’s automotive industry. Both parties agreed not to disclose any further details about the investment.
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Turbocharge UK competitiveness to win Race to Zero prize, auto industry urges
Electric Cars Report
MARCH 13, 2023
The call comes as other countries significantly power up political and economic backing for their own automotive sectors, […] The post Turbocharge UK competitiveness to win Race to Zero prize, auto industry urges appeared first on Electric Cars Report.
Tesla Had The Auto Industry's Highest Repeat Buyer Rate In H1 2023
InsideEVs
OCTOBER 10, 2023
percent compared to an industry average of 50.6 Tesla was once again the leader in brand loyalty with a rate of 68.4
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Ultra-fast battery maker StoreDot hires auto industry head as chair
Electrek
JANUARY 4, 2023
StoreDot , makers of ultra-fast, Tesla-like 4680 cells, today announced that it’s appointed global auto industry leader Carl-Peter Forster as chairman. The post Ultra-fast battery maker StoreDot hires auto industry head as chair appeared first on Electrek.
Ford’s November sales paints revealing picture of US auto industry as EV adoption climbs
Electrek
DECEMBER 2, 2022
Ford released its US auto sales for November today, and although electric vehicle sales were up over 100% YOY for the fifth straight month, gas-powered car sales continued to slide. The sales report highlights the direction in which the US auto industry is headed – forward.
CAAM calls for return to normal order in China's auto industry as price war disrupts sector
CN EV Post
MARCH 22, 2023
(Image credit: CnEVPost) The price war is one of the most talked-about topics in China's auto industry this month, creating operational challenges for many car companies. Now, an industry association is calling for a return to rationality for all parties to bring order to the market. For more articles, please visit CnEVPost.
Electric Vehicles Are Reshaping The Auto Industry
CleanTechnica EVs
MARCH 7, 2022
But why did the auto industry wait so long? Electrification of cars and trucks is all the rage.
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BYD to Chinese Auto Industry: "Demolish the Old Legends" in the EV Race
The Truth About Cars
AUGUST 14, 2023
Though enormous, BYD isn’t satisfied with dominating its home market and wants the rest of the Chinese electric auto industry to come with it. The Chinese giant is one of the world’s busiest EV automakers, with almost 1.9 million units manufactured in 2022.
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Auto industry spent less on advertising in 2022; Tesla already spends $0
Teslarati
SEPTEMBER 19, 2022
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
“Not a single year to lose:” Auto industry is pushing world well beyond 1.5°C
The Driven EV News
FEBRUARY 7, 2023
A report shows that unless carmakers make significant changes in three key areas, the global automotive industry will crash through its carbon budget by 75% The post “Not a single year to lose:” Auto industry is pushing world well beyond 1.5°C C appeared first on The Driven.
NIO's William Li expects China's auto industry chain to stabilize by March or April
CN EV Post
JANUARY 3, 2023
"I am very confident that in the near future, China supply chain and the auto industry will return to normal," Li said. The post NIO's William Li expects China's auto industry chain to stabilize by March or April appeared first on CnEVPost. For more articles, please visit CnEVPost.
Jaguar, Range Rover owner picks new EV battery site, could secure UK auto industry
Electrek
JULY 18, 2023
more… The post Jaguar, Range Rover owner picks new EV battery site, could secure UK auto industry appeared first on Electrek. Tata Group, the parent company behind Jaguar and Range Rover , is set to announce a new EV battery plant in West England.
Stellantis CEO: EV transition costs are “beyond the limits” the auto industry can sustain
Teslarati
DECEMBER 2, 2021
Taveres said that the costs of transitioning to electric vehicle production are “beyond the limits” of what the current auto industry can sustain in an interview with Reuters Next. US President Biden pats GM CEO’s back: “You electrified the entire auto industry.
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Elon Musk finally names Tesla’s main rival—and it’s way bigger than the auto industry
Teslarati
MAY 30, 2022
Since the days of the original Roadster, it appeared that Tesla was this company that was determined to make a change by forcing the automotive industry to go electric. Tesla did force the automotive industry to go electric. But while this was true to a point, Tesla’s battle is much bigger than that.
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Joe Biden gives GM CEO Mary Barra credit for ‘electrifying the entire auto industry,’ but he’s wrong
Electrek
NOVEMBER 18, 2021
US President Joe Biden was at the inauguration of GM’s Factory Zero yesterday, the company’s first electric vehicle factory, and he gave a speech in which he gave credit to GM CEO Mary Barra for “electrifying the entire auto industry.” ” Fact check: Biden is dead wrong about that.
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US President Biden pats GM CEO’s back: “You electrified the entire auto industry. You led.”
Teslarati
NOVEMBER 18, 2021
Taking careful note to validate the efforts of GM CEO Mary Barra , Biden noted that the executive effectively “electrified the entire automotive industry” because of her leadership. “In the auto industry, Detroit is leading the world in electric vehicles. You electrified the entire automotive industry.
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Stellantis and Foxconn form SiliconAuto JV to design and sell semiconductors for automotive industry
Green Car Congress
JUNE 21, 2023
and Hon Hai Technology Group (Foxconn) announced the creation of SiliconAuto, a 50/50 joint venture dedicated to designing and selling a family of state-of-the-art semiconductors to supply the automotive industry, including Stellantis, starting in 2026. Stellantis N.V. Earlier post.)
Will the Japanese Auto Industry Completely Collapse?
My Electric Car
JANUARY 12, 2023
The Japanese auto industry is facing a potential demise due to its slow adoption of electric cars. However, the Japanese auto industry has been slow to adopt this technology, and has not been able to keep up with the competition from other countries. Add to that the huge debt burden already carried by the likes of Toyota.
Stellantis CEO: Speeding Up EV Transition Is “Beyond The Limits” Of What Auto Industry Can Sustain
CleanTechnica EVs
DECEMBER 1, 2021
By Johnna Crider and Zachary Shahan In an interview at the Reuters Next conference, Stellantis CEO Carlos Tavares said that the costs of speeding up the transition to EVs are “beyond the limits” of what the auto industry can sustain.
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Capgemini and Audi launch XL2 joint venture to support digital transformation of auto industry
Green Car Congress
JUNE 1, 2020
XL2 was founded by Audi and Capgemini to support the automotive industry in digital transformation tasks. The joint venture that focuses on consulting and technology services for cloud and SAP S/4HANA includes industry solutions such as SAP Leonardo.
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Tesla Operating Margin #1 In Industry
CleanTechnica EVs
AUGUST 4, 2022
One of the highlights of the annual Tesla shareholder meeting held earlier today was a graph showing that Tesla has risen to #1 in the auto industry in terms of operating margin. Luxury car companies known for their solid operating margins and gross profits are solid steps below Tesla now. The brand with the second […].
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NHTSA Tells Auto Industry Not to Comply With Massachusetts Data Laws
The Truth About Cars
JUNE 15, 2023
It’s no secret that various industries attempting to hoard customer data and redefine what constitutes ownership have created a groundswell of consumer resentment. That’s debatable when it could be similarly argued they’re already being taken advantage of by the industry.
Tesla US Sales Up 104% While US Auto Industry Down 22%
CleanTechnica EVs
OCTOBER 18, 2021
Comparing the 3rd quarter of 2021 to the 3rd quarter of 2020, US Tesla sales were up 67% while overall US auto sales were down 13%. Compared to 2019, the difference was even more stark — Tesla sales were up 104% and US auto sales were down 22%.
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Auto Industry Strike: UAW and Big Three Fail to Agree on Terms
The Truth About Cars
SEPTEMBER 15, 2023
After weeks of speculation over whether the UAW and Big Three automakers would come to an agreement, we have our answer: They didn’t. Last night, the Union launched a strike against Ford, GM, and Chrysler/Stellantis, taking almost 13,000 workers off production lines and factory floors across the country.
UK Auto Industry Left Behind as Carmakers Focus EV Production in EU Countries
EV Obssesion
JUNE 16, 2021
The post UK Auto Industry Left Behind as Carmakers Focus EV Production in EU Countries appeared first on EV Obsession. In 2018, 50% of all the EVs made in Europe were produced in the UK. A chronic lack of future investment in UK factories by carmakers is to blame with the […].
Is Tesla's Sales Model Poised To Transform The Auto Industry?
InsideEVs
MAY 1, 2022
Tesla has been breaking production and delivery records despite obstacles that are hindering the industry as a whole.
Stellantis CEO: EVs cost company 50% more, "beyond the limits" of what industry can sustain
Green Car Reports
DECEMBER 2, 2021
The added cost of manufacturing electric cars is "beyond the limits" for what the auto industry can sustain, Stellantis CEO Carlos Tavares said in an interview with Reuters published Wednesday.
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Will US auto industry simply succumb to China over electric cars?
Green Car Reports
JANUARY 22, 2018
auto industry was the world's largest. For a century, the U.S. That ended in 2009, when China's sales of 13.5 million new vehicles surpassed a recession-slammed U.S. total of 10.4 Last year, U.S. drivers bought 17.5 million new vehicles—against more than 30 million sales in China. DON'T MISS: Why China will beat U.S.
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“The best service is no service:” How Tesla’s business model will change the car industry
The Driven EV News
APRIL 20, 2023
Elon Musk lays out a key difference in Tesla's business model that could significantly improve the way the global auto industry works. The post “The best service is no service:” How Tesla’s business model will change the car industry appeared first on The Driven.
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Tesla Cybertruck Has Plenty Of Skeptics In The Auto Industry
CleanTechnica EVs
FEBRUARY 8, 2023
The Tesla Cybertruck won't go into mass production until 2024. By the time it gets here, will its first mover advantage be gone?
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Stellantis and Foxconn form SiliconAuto JV for state-of-the-art semiconductors in the auto industry
EV Specifications
JUNE 20, 2023
Stellantis and Hon Hai Technology Group (Foxconn) announced the creation of SiliconAuto, a 50/50 joint venture dedicated to designing and selling a family of state-of-the-art semiconductors to supply the automotive industry, including Stellantis, starting in 2026.
Largest Auto-Industry Employer In California: Electric-Car Maker Tesla Motors
Green Car Reports
MAY 20, 2014
It''s also, amazingly, become California''s biggest auto-industry employer--edging out even Toyota. Tesla Motors is one of the youngest U.S. automakers, but has made a disproportionately large impact in the automotive media''s headlines over the last few years.
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