Despite the desire to grow, dealers voiced concerns about higher interest rates removing buyers from the vehicle market and increased costs associated with vehicle floorplanning and personnel, according to the Presidio survey.
Source: autonews.com
Tesla retreats from next-generation gigacasting manufacturing process
Tesla has been a leader in gigacasting, a cutting-edge technique that uses huge presses with thousands of tons of clamping pressure to die-cast large sections of the car’s underbody. On a typical vehicle, the underbody can consist of hundreds of individual parts. Last year, as Tesla developed a new small-vehicle platform, it aimed to punch out the underbody in a single piece, Reuters exclusively … [Read More...]
Mahindra XUV 3XO vs Kia Sonet: Which compact SUV to choose
By: HT Auto Desk | Updated on: 02 May 2024, 06:48 AM Share via: Mahindra XUV 3XO is essentially an updated version of XUV300 and comes revising the competition with Tata Nexon, Maruti Suzuki Brezza and Kia Sonet. Mahindra XUV 3XO is essentially an updated version of XUV300 and comes revising the competition with Tata Nexon, Maruti Suzuki Brezza and Kia Sonet. … [Read More...]
Harbour Results, adviser to tool-and-die shops and small manufacturers, acquired by Wipfli
Harbour Results Inc., a longtime advisory group to small- and medium-size automotive manufacturers and tool-and-die makers in North America, was acquired by Milwaukee advisory and accounting firm Wipfli. Source: autonews.com … [Read More...]
Repair shop owner aims to start social impact movement in auto industry
In 2020, Dan Adam created a nonprofit group called Stranded Motorist Fund, which helps customers who can't afford expensive vehicle repairs. Source: autonews.com … [Read More...]
Toyota executives like fuel cell technology for zero-emission pickups
A hydrogen pickup would have bigger towing ranges and a fuel-like gasoline truck, Toyota executives say. Source: autonews.com … [Read More...]
Mercedes Benz is ready to make EVs beautiful. Here's how
By: HT Auto Desk | Updated on: 02 May 2024, 06:09 AM Share via: <!--Robert Lesnik, head of design at Mercedes-Benz has revealed that the company is planning plans to imbue future EVs with styling cues reminiscent of ICE-powered models.--> Robert Lesnik, head of design at Mercedes-Benz has revealed that the company is planning plans to imbue future EVs with styling cues … [Read More...]
April 2024 Fleet Sales Lose Q1 Momentum
Commercial fleet sales were down more than 14% last month, tying its January decline and continuing a string of monthly losses. Source: autorentalnews.com … [Read More...]
Cadillac could keep selling gas vehicles past 2030 all-EV goal
DETROIT — Cadillac leaders suggested Wednesday that the brand could keep gasoline-powered vehicles in the lineup beyond its 2030 target for going fully electric. General Motors' luxury brand has said it aims to have an all-EV portfolio by the end of the decade, though that timeline has remained fluid. In 2021, Cadillac chief Rory Harvey said it would stop selling vehicles with internal combustion … [Read More...]
Aston Martin's losses balloon ahead of new model ramp-up
Aston Martin posted a bigger-than-expected first-quarter pretax loss on Wednesday as the British luxury carmaker made fewer cars and burned more cash than analysts anticipated, sending its shares 7% lower. Aston Martin, which has launched several new cars over the past year including its next-generation sports cars the DB12 and Vantage, stopped production of old models ahead of the ramp-up in … [Read More...]
Honda plants 85,000 trees outside factories in Ohio
The initiative will increase biodiversity in the region near three of Honda's factories and will help the automaker get closer to its carbon neutrality goal. Source: autonews.com … [Read More...]