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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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AIDA servicing evolving needs of the auto industry | Autocar Professional

Baua Electric

Since the founding of AIDA Greater Asia in 1989, the regional network now has seven sales and service support centres located in Singapore, Malaysia, Thailand, India, Vietnam, Philippines and a manufacturing base located in Johor, Malaysia. AIDA has been operating a comprehensive sales and service network in India since 2007.

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Hyundai Motor India clocks best-ever sales in January | Autocar Professional

Baua Electric

Hyundai Motor India has opened CY2024 on a very strong note, having registered its best-ever monthly wholesale numbers in January. At 57,118 units, January 2024 sales are a strong 14% year-on-year increase (January 2023: 50,106 units). This is the second fiscal on the trot that Hyundai has surpassed the half-a-million milestone.

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

Teslarati

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 billion between January and July 2022 or 4% year-on-year. Compared with the same period in 2019 ($5.50

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Rural demand & SUVs propel India’s record-breaking car sales in FY24

Baua Electric

Read more Rapid surges in SUV sales have propelled the growth in rural market sales for all the carmakers in India, while demand for small cars has slumped significantly. Rural India emerged as the driving force behind the record-breaking sales of passenger vehicle sales in FY24. Rural sales of 7.87

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Will Tesla’s Sales Revenue Surpass GM’s & Ford’s By 2025?

CleanTechnica EVs

Legacy automakers like General Motors and Ford have dominated much of the auto industry for decades. Tesla’s sales revenue numbers have been growing […].

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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