carsales
Nissan has pledged another £2billion to its British factory with the confirmation of two fully electric SUVs. While the announcement doesn’t yet herald new jobs at the Sunderland plant, it secures the positions of those already employed in the years to come. The plant is consistently one of Europe’s most productive, with one car rolling off its production lines every two minutes. It produced 325,458 vehicles in the 23/24 fiscal year. Nissan has confirmed three EV models will make up that number in the years to come, enough to swell the potential investment in both its car factory and EV36Zero ...
Euronews (English)
BMW Group reported a pre-tax profit of €4,162 million in the first quarter of 2024, representing a significant decline of 18.9% compared to the same period last year. Overall sales experienced a modest 1.1% increase, reaching more than 594 thousand vehicles, as demand expanded across electric cars, which comprised 13.9% of deliveries, representing a notable 26.4% rise as compared to the same period last year. According to the German automaker, the decline was primarily attributed to increased production costs and fixed costs, as well as intensifying competition. Sales grew in many countries, e...
Euronews (English)
Shares in Aston Martin plunged by as much as 14% on Wednesday after the struggling luxury carmaker revealed worse than expected first quarter losses. The company said it had sunk £139m (€162.52m) into the red during the first three months of the year, as losses rose almost 90% compared to £74m a year ago. This stemmed from a 10% fall in overall sales to £268m, largely fuelled by a 63% drop in the number of SUVs sold. The results come after the executive chairman of the car maker, Lawrence Stroll, criticised the UK Government’s net zero ban on petrol cars. 'I design James Bond’s car': meet Asto...
Euronews (English)
Not only have electric cars been affected, but car sales in the EU witnessed a 5.2% drop compared to last year in March, marking the largest decline since July 2022 and the first for this year, as reported by the European Automobile Manufacturers’ Association (ACEA). The decline involved key markets, including Germany (-6.2%), Spain (-4.7%), Italy (-3.7%), and France (-1.5%). The fall has been attributed to a downturn in the market and the timing of the Easter holidays which had a negative impact on sales. In March, within the car industry, which generates €392.2 billion in tax revenue for Eur...
Euronews (English)
Volvo saw a record number of car sales in March, hitting approximately 78,970 cars, which was an advance of 25% year-on-year, as well as an all-time record for worldwide sales in any particular month. This was mostly supported by the introduction of its entirely electric SUV, the EX30 model. The company saw particularly robust sales in the US and Europe, with European sales in March increasing 33% year-on-year, touching 39,756 cars. Electrified car sales in Europe also saw a boost of about 34%, totaling about 24,856 cars. In March, electrified car sales made up about 63% of total European car ...
Euronews (English)
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