carindustry
The number of new cars registered in the EU amounted to 913,995 units last month, an annual jump of 13.7%, according to newly released data by the European Automobile Manufacturers' Association (ACEA). Dramatic growth was seen in countries including Romania, (+34.6), Denmark (+27.1), Poland (+25.1), and Spain (+23.1%), with Cyprus leading the pack (+105.4). Manufacturers recording large registration increases included Honda (+155.4), Volvo (+63.5) and Toyota (+47.3). In terms of numbers, the Volkswagen Group dominated, with 254,019 units, an annual jump of 15.5%. The Volkswagen Group includes ...
Euronews (English)
Incredible technological advancements have been made in autonomous vehicles, from the integration of Light Detection and Ranging (LiDAR) technology to advancements in AI and machine learning, that promise a transformative impact for the automotive industry. Yet, despite their clear benefits — greater cost-efficiency, less traffic congestion, and lower carbon emissions — widespread adoption of autonomous technology remains elusive. If history is our guide, we risk repeating the same missteps with autonomous driving as with electric transportation. For a century, the technology for electric vehi...
Euronews (English)
Global automakers and electric vehicle (EV) startups unveiled new models and concept cars at China's largest auto show on Thursday, with a focus on the nation's transformation into a major market and production base for new-energy vehicles – a trend that Europe's car manufacturing giants are struggling to keep up with. Toyota and Nissan both announced tie-ups with major Chinese technology companies as they strive to meet customer demand for AI-enabled online connectivity in cars, from social media apps to autonomous driving features. Chinese EV makers have been expanding rapidly into overseas ...
Euronews (English)
German industrial production increased for the second consecutive month in February, according to data released by the country's official statistics agency on Monday. Compared with January, industrial output increased by 2.1%, the most dramatic monthly rise seen since January 2023. The figure is far more positive than expected, with Reuters analysts having predicted a 0.3% rise. Annual production, however, is still down 4.9%. The driving force behind the monthly increase was a 7.9% jump in the construction sector, as building projects benefited from milder weather. Carmaking output also rose b...
Euronews (English)
The luxury car producer announced on Tuesday the launch of several new models this year but warned that costs connected with the launch would lead to lower profits. It is expecting to see lower operating returns this year, of between 15% and 17%, compared with 18% in 2023. While market analysts' predictions had placed hopes on returns nearing last year's, the introduction of four new car models is positioning 2024 as a transition year for Porsche. New versions of three models well-known to Porsche enthusiasts will be released this year: the Panamera, the Macan and the iconic Porsche 911. Porsc...
Euronews (English)
The Alef flying car was presented in Barcelona as a prototype vehicle of the future. It’s being developed by a California-based company of the same name. The company wants to produce cars that can drive on roads but also take off and land vertically and fly through the air. "It's really a flying car like the one you know from science fiction,” says Constantine Kisly, Chief Technology Office for Alef Aeronautics. “So it drives and flies. So why should it have a flying option? That's how you can use it efficiently, how we can drive efficiently without traffic. So why drive? Driving option is the...
Euronews (English)
Ford Motor Company (NYSE:F) will stop making cars in India after reporting losses of around $2 billion in a decade. It becomes the latest car manufacturer to leave this market dominated by Asian brands. Q2 2021 hedge fund letters, conferences and more Significant LossesFord's decision affects more than 4,000 employees who will be laid off as production will come to a halt immediately. The giant automaker arrived in India 25 years ago but could never seize more than 2% of the market, after struggling for years to win over Indian consumers. As reported by Al Jazeera, “Ford will wind down an asse...
ValueWalk
According to industry experts, the global chip shortage that has hit the automotive sector so hard could spread into 2022 and affect smartphone manufacturing next. The underlying effect could be a lower supply for a wider variety of appliances and industrial equipment. Q2 2021 hedge fund letters, conferences and more Smartphone Chips to Be ScarceIris Pang, ING Greater China chief economist, told Reuters that the car manufacturing industry could see an improvement in chips’ supply, “with China taking up some production demand that Taiwan could not meet.” Semiconductor companies in Taiwan have i...
ValueWalk
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