Articles for tag: Automobiles, Automotive Industry, Inventory, Pandemic

Ben

Car Dealers Struggle as Sales Slow and Inventory Piles Up

The automotive industry is navigating rough terrain as car dealerships face a challenging road ahead. With sales slowing down and inventories piling up, dealers are revving their engines to find innovative solutions in a landscape reshaped by the pandemic and changing consumer behaviours. Let’s dive into the factors behind this shift and explore how car ...

Ben

SUVs Fuel Indian Auto Industry Valuation Growth by 19% – Here’s How

Buckle up, automotive enthusiasts! The Indian auto industry is revving up with an impressive 19% valuation growth, fueled by the soaring popularity of SUVs. From rugged off-roaders to sleek urban crossovers, these versatile vehicles are dominating the roads and reshaping the landscape of the Indian car market. Let’s dive into how SUVs are steering the ...

Ben

Hyundai’s Strategy to Counter EV Downturn in Europe This Year and Achieve Growth by 2025

Electric vehicles (EVs) have been gaining traction in the European market, with consumers increasingly opting for eco-friendly transportation solutions. As one of the leading automotive manufacturers, Hyundai has been navigating the EV landscape in Europe, facing challenges head-on and strategizing for growth. Let’s delve into Hyundai’s game plan to counter the current downturn in 2021 ...

Ben

Ferrari’s First EV Expected to Cost Over $500,000, Report Reveals

Buckle up, car enthusiasts! Ferrari is gearing up to revolutionize the automotive industry with its very first electric vehicle (EV). Yes, you heard that right – the iconic Italian luxury car manufacturer is stepping into the world of EVs, and it’s causing quite a stir. Let’s dive into the electrifying details of Ferrari’s latest venture ...

Ben

European Sales Decline in May as Consumers Await Lower-Priced EVs

Welcome to the fast-paced world of European car sales, where trends are shifting as swiftly as a sports car on an open highway. In recent times, electric vehicles (EVs) have been making waves across the continent, revolutionizing the way we think about transportation. However, amidst this electrifying buzz, there seems to be a slight dip ...

Ben

GM Reduces EV Production Forecast, Invests $850 Million in Cruise

Get ready to rev up your knowledge on the latest developments in the electric vehicle (EV) industry as we dive into General Motors’ recent updates. From production forecasts to strategic investments, GM is making waves in the automotive world with its bold moves. Let’s take a closer look at how these decisions are shaping the ...

Ben

Germany Warns Against Trade Barriers as EU Prepares EV Tariffs

As the wheels of international trade negotiations continue to turn, Germany finds itself at the forefront of a heated debate on trade barriers within the European Union (EU). With a spotlight on electric vehicles (EVs) and looming tariffs threatening to shake up the automotive industry, tensions are running high. Let’s delve into how Germany is ...

Ben

New Tariffs on EV Imports Likely to Slow China’s Push into Europe

The electric vehicle (EV) revolution is charging full speed ahead, reshaping the automotive industry and propelling us towards a greener future. Amidst this electrifying transformation, China has emerged as a powerhouse, leading the way in EV production and innovation. However, recent developments in trade policies threaten to put the brakes on China’s push into European ...

Ben

Hyundai Inster Electric Minicar to Launch with €25,000 Price Tag

Get ready to rev up your excitement because Hyundai is about to shake up the electric vehicle market with its latest launch – the Hyundai Inster Electric Minicar! With a price tag of €25,000, this compact EV is set to make waves in the automotive industry. Let’s dive into what makes this electric minicar a ...

Ben

How Forvia is Tackling Global and Regional Challenges

Welcome to the world of Forvia, a trailblazing company in the automotive industry that is not just facing global and regional challenges head-on but conquering them with innovation, resilience, and strategic prowess. Join us on a journey to explore how Forvia navigates the ever-changing landscape of business dynamics while making a positive impact on society ...