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Indian car dealers worry about deeper discounts amid sales slump

Baua Electric

By: Reuters | Updated on: 06 Sep 2024, 08:58 AM The Indian auto market struggles with high inventory and consumer hesitancy, prompting fears of deeper discounts. per cent, with … The Indian auto market struggles with high inventory and consumer hesitancy, prompting fears of deeper discounts. August sales fell 4.5 per cent, 12.9

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Visiting Ford EV Center, Biden says, “The future of the auto industry is electric”

Plug in America

The future of the auto industry is electric,” said President Biden. We hope they will rapidly scale up production so it can be available in every Ford dealer in all 50 states. There’s no turning back. … The only question is whether we’ll lead the race or fall behind.” We couldn’t agree more. .

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China's transition to new emission standard: How will this affect auto market?

CN EV Post

The recent price war in China's auto market has put a new emission standard that will come into effect in a few months' time in the spotlight. CnEVPost obtained the views of several local analysts, which provide references on what impact that new emission standard will have on the auto industry. percent in February, up 2.0

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China discourages local automakers from building EV plants overseas

Teslarati

The policy attracted big names in the global auto industry, including Tesla and Hyundai. Leapmotor and BYD are the two Chinese automakers that have taken significant steps in the European auto market. BYD has established good relationships with dealership networks and invested in European dealers.

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China to allow extended sales periods for ICE models based on existing emissions standard, report says

CN EV Post

Price war has been the most talked about topic in China's auto industry this month, and the imminent implementation of a new emissions standard is seen as a major factor. On March 23, China's Auto Dealers Chamber of Commerce (CADCC) called on regulators to delay the implementation of the China 6b emissions standard.

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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. The transition to software-dominated cars is challenging.

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Ford Mustang Mach-E April sales experience effects of ongoing chip shortage

Teslarati

The ongoing chip shortage has adversely affected the auto industry, and Ford has acknowledged this. When it reported its earnings, Ford noted that it was cutting its production outlook in half due to the ongoing shortage. This is quite unfortunate, as the Mach-E is proving its popularity in Ford’s dealer lots.

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