Coronavirus Crisis Slams Europe's New Passenger Car Sales By 74% YTD
May 20, 2020
Drop was recorded in the 27 European member states alongside the United Kingdom, Iceland, Norway, and Switzerland. LONDON - May 20, 2020: In April, the units stood at 292,180, a drop of 65.75% from March’s 853,080 sold cars. ... Continue reading
Luxury SUV Market 2020-2024 | Preference for Safety and Comfort to Boost Growth | Technavio
May 19, 2020
Technavio has been monitoring the luxury SUV market and it is poised to grow by 1.59 million units during 2020-2024, progressing at a CAGR of 7% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. ... Continue reading
MotorCities At Home Series - "Billy Durant, Founder of General Motors" by Russ Dore
May 18, 2020
Since we're all still staying at home to prevent the spread of COVID-19, MotorCities is presenting a new series of programs featuring members of our Speakers Bureau discussing interesting automotive history topics. Each program is FREE and presented as a live Zoom conference. ... Continue reading
Scania to Deliver 75 Battery Electric Trucks to ASKO in Norway
May 18, 2020
Scania and the leading Norwegian food wholesaler ASKO have a long-standing collaboration in delivering high-performance trucks. Based on that close relationship, the two companies are jointly exploring new electrification technologies. ... Continue reading
1999 NEW CAR PRICES NOW ON-LINE
May 18, 2020
The Auto Channel's New Car Buyers Guide Features Complete MSRP & Dealer Invoice Prices plus Exclusive Car Buying Tools: TACH 4 Car Compar-a-graph, DealerDirect and SPEC-IT BID-IT BUY-IT Capabilities ... Continue reading
Foresight Joins Leading Global Industry Consortium for Development of Autonomous Heavy-Duty Vehicles
May 15, 2020
The consortium includes Continental, Terberg, and EasyMile, amongst others. Foresight was selected to provide its QuadSight® vision solution, using FLIR thermal infrared cameras May 15, 2020 08:30 AM Eastern Daylight Time NESS ZIONA, Israel--Foresight Autonomous Holdings Ltd. ... Continue reading
Mazda Releases FY March 2020 Full Year Financial Results
May 15, 2020
Mazda announced its medium-term management plan in November last year. The automobile industry is experiencing the kind of transformation which takes place only once in 100 years. ... Continue reading
Toyota's Adjustments to Domestic Production in June 2020 (as of May 15)
May 15, 2020
We have decided to halt production at all plants for completed vehicles in Japan for four days, on June 5 (Fri), 12 (Fri), 19 (Fri), and 26 (Fri). (We plan to reflect the operation days on alternative dates.)*Takaoka Plant, production line #2 and Toyota Industries Corporation, production lines #301 and #302 to operate ... Continue reading
May 14, 2020
As the operational and financial effects of COVID-19 cause havoc to the auto sector and bring new-vehicle sales to a crawl, lenders have a unique opportunity to support auto dealers and position themselves competitively in the post-pandemic era. According to the J.D. Power 2020 Canada Dealer Financing Satisfaction Stud ... Continue reading
AutoAlert and AutoFi Collaborate to Boost and Simplify Customer Vehicle Purchases Online
May 14, 2020
AutoAlert and AutoFi, have teamed up to create an integrated software solution to provide dealerships with all the tools they need to streamline and complete customer vehicle sales online. The new remote selling solution launches in June to strengthen the capabilities of dealerships challenged by the unpredictable sale ... Continue reading
Hyundai's Iconic Tucson SUV Surpasses One Million Sales in the U.S.
May 13, 2020
Hyundai's highly successful Tucson SUV recently surpassed the major milestone of one million unit sales in the U.S. market. The Tucson nameplate entered the U.S. market in 2004 and has spawned two all-new model generations since its introduction, in 2010 and 2016. ... Continue reading
Michigan Delegation Is Pressing Support for Michigan’s Auto Parts Suppliers
May 12, 2020
Three Michigan politicians from both parties have come to the aid of the auto supply industry with a joint appeal to the Trump administration for emergency funding to support the companies that form a backbone for the entire auto industry. ... Continue reading
Honda Plunges To Loss From Worldwide Coronavirus Hit
May 12, 2020
Honda posted a 5.6 billion yen ($51.9 million) operating loss in the latest quarter amid slumping sales as the pandemic hammered the global economy.May 12, 2020 Corporate Honda Motor Co., Ltd. announced its consolidated financial results for the fiscal fourth quarter and the fiscal year ended March 31, 2020. ... Continue reading
Toyota quarterly profit falls 28% on pandemic impact
May 12, 2020
Toyota Motor Corporation (TMC) today announced its financial results for the fiscal year ended March 31, 2020.Consolidated vehicle sales totaled 8,958,423 units, a decrease of 18,372 units compared to the previous fiscal year. On a consolidated basis, net revenues for the period totaled 29.9299 trillion yen, a decrease ... Continue reading
May 11, 2020
Technavio has been monitoring the automotive films market and it is poised to grow by USD 1045.92 million during 2020-2024, progressing at a CAGR of almost 4% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market env ... Continue reading
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