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Continental considers sale of ContiTech auto unit amid broader reorganization, document says

Baua Electric

The corporate mentioned in February it was once reorganizing ContiTech from six sections into one in each and every of Europe, the Americas and Asia Pacific, era bundling its automobile actions right into a detached unit geared in opposition to electromobility. billion) — is because of be separated from the industry inside of two years.

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Auto retail tech startup Stella Automobile AI hires unutilized CEO

Baua Electric

auto retail era startup funded partly through dealership teams Maroone USA and Pohanka Automobile Workforce, has leased auto trade advisor Affluent prosperous Sands as its unutilized CEO. ” Boudett is staying on as corporate chair. Stella Automobile AI, a Tampa, Fla., Sands has been a strategic aider to Presidio.

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Nikola turns to Delaware legislation to backup finance hydrogen pivot

Baua Electric

Corporate executives mentioned it might additionally lift $500 million in the future via present credit score and mortgage guarantees. The corporate confronted delisting from Nasdaq as a result of its accumulation used to be buying and selling beneath $1. However the proportion worth has recovered to related at $1.38

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Retail sales rise 27% to 2.20 million vehicles in April 2024 | Autocar Professional

Baua Electric

India Auto Inc has had a good start to the new fiscal year 2025. The Federation of Automobile Dealers Associations (FADA) today released April 2024 vehicle retail sales numbers for India Auto Inc. Honda Motorcycle & Scooter India did well too – 394,147 units and a handsome 61% growth on year-ago sales of 411,206 units.

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Retail sales rise 27% to 2.12 million vehicles in April 2024 | Autocar Professional

Baua Electric

India Auto Inc has had a good start to the new fiscal year 2025. The Federation of Automobile Dealers Associations (FADA) today released April 2024 vehicle retail sales numbers for India Auto Inc. Honda Motorcycle & Scooter India did well too – 394,147 units and a handsome 61% growth on year-ago sales of 411,206 units.

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Auto lenders worry worsening economic system may manage to extra fraud

Baua Electric

Auto lenders polled via synthetic insigt and information supplier Level Predictive for its 2023 Auto Lending Fraud Survey worry worsening financial situations may push mortgage fraud and defaults upper this while. Pay stub forgery continues to be a illness for auto lenders, the vast majority of whom mentioned they imagine up to 10 p.c

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Toyota Financial Services issues first Euro-denominated Green Bond allocated specifically to the sales of low-emission vehicles; €600M

Green Car Congress

Toyota Financial Services (TFS) issued its first euro-denominated unsecured Green Bond today, expanding its commitment to the sale of environmentally friendly vehicles. TFS introduced the auto industry’s first Asset-Backed Green Bond in 2014; this latest issuance is the fourth Green Bond the company has issued.

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