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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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Can small car segment bounce back by 2026? Trends suggest otherwise

Baua Electric

By: HT Auto Desk | Updated on: 10 May 2024, 13:15 PM The small car segment, which includes the hatchbacks, once ruled the Indian auto industry with nearly half the market share. From the 1990s, small cars led by Maruti Suzuki and Hyundai Motor, were the backbone of the Indian auto industry.

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Tesla bucked the industry with its Q1 results — now TSLA is seeing momentum

Teslarati

Tesla ( NASDAQ:TSLA ) essentially bucked the auto industry in the first quarter of 2022. Supply chain issues similar to those faced by Tesla also plagued the greater auto sector, and it showed in their numbers. In the United States, new vehicle sales fell about 12% in the first quarter compared with a year ago.

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Lumax Cornaglia Auto Tech opens new plant for emission products in Pune – ET Auto

Baua Electric

With a workforce of over 200 employees, including 30 highly skilled and experienced engineers, this facility will serve the emission products requirements of the Indian Auto industry. Italy, has expanded its operations by opening a new manufacturing facility at Chakan in Pune.

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Hatchbacks not giving up territorial rights so easily | Autocar Professional

Baua Electric

Now, SUVs make up more than half of India’s PV sales. Therefore, SUVs seem to be winning with annual sales of over 2 million units. Hatchbacks saw peak sales in 2017-18, at 1.5 The company’s sales and marketing head, Partho Banerjee, believes that the Indian passenger-vehicle market will grow to 6 million units by FY31 from 4.23

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At CES, legacy automakers scramble to keep up in AI arms race – ET Auto

Baua Electric

Not so long ago, automakers boasted about horsepower and towing capabilities in their cars and pickups, but in the fast-changing world of technology that now dominates the auto industry, software-driven enhancements are prominent in consumers’ minds. General Motors on Dec. For automakers, that has not been the norm so far.

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Ford CEO: Ford to focus on 5 key areas of innovation: mobility, autonomy, connectivity, customer experience and performance

Green Car Congress

Our vision for the customer experience is that every time someone touches Ford Motor Company … a smile comes on their face. The upset win also gained the entrepreneur backing for starting Ford Motor.]. Performance vehicle sales are growing around the world—sales are up 70% in the United States and 14% in Europe since 2009.

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