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Oct 10, 2024 | 
automotiveworld.com | William Girling
On 10 October 2024, Mercedes-Benz and BMW released their respective Q3 reports. While both brands sought to portray their performance as resilient despite challenging market conditions, sales were down year-on-year: 3% for Mercedes-Benz and 13% for BMW. Despite myriad issues currently affecting the global automotive industry, China was a shared factor identified as driving the downturn.
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Oct 9, 2024 | 
automotiveworld.com | William Girling
In April 2024, a little-noted report in the Economic Times of India said that Stellantis is planning to make India into an export hub for electric vehicles (EVs). Initially, this will involve Southeast Asian markets, and 500 Citroen E-C3s were reportedly sent to Indonesia that same month—a figure that had doubled by June. Stellantis has also launched a new vehicle for India, the Basalt coupe-SUV, and plans to increase parts sourcing in the country.
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Oct 9, 2024 | 
automotiveworld.com | William Girling
Demand for connected vehicles, advanced driver assistance systems (ADAS), and autonomous driving (AD) are all prominent factors driving automotive software development today. The global market’s value is expected to reach US$117bn by 2032—up 241% from 2023, according to Precedence Research. However, unlike in the tech industry, automotive players must carefully balance the desire for a fast time-to-market with the safety considerations of deploying new ADAS/AD features on the road.
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Oct 9, 2024 | 
automotiveworld.com | William Girling
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Oct 7, 2024 | 
automotiveworld.com | William Girling
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Oct 6, 2024 | 
automotiveworld.com | William Girling
On 4 October 2024, Chinese electric vehicle (EV) maker Nio announced its partnership with CYVN Holdings, an Abu Dhabi-based growth equity investor, to create a new joint venture: Nio Middle East and North Africa (Nio MENA). The collaboration aims to broaden the EV ecosystem by opening the product portfolios of Nio and its subsidiary XPT to the market. This will be the automaker’s first entry-point to the region.
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Oct 4, 2024 | 
automotiveworld.com | William Girling
While rumours of a Stellantis-Renault-BMW merger have been denied, new collaborations might not be out of the question. By Will Girling On 3 October 2024, Stellantis Chief Executive Carlos Tavares dubbed rumours that his company is considering a merger with Renault as “pure speculation”, according to Reuters. A similar possibility had floated in the media in February, eventually passing without verification by either party.
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Oct 2, 2024 | 
automotiveworld.com | William Girling
Toyota is reportedly delaying US production of battery electric vehicles and scaling back its ambitions while consumer demand is low. By Will Girling Toyota intends to delay the production of battery electric vehicles (BEVs) in the US until H1 2026, according to a 3 October 2024 article by Nikkei. The automaker previously invested US$1.3bn in its Kentucky facility to manufacture a three-row electric SUV starting in late 2025.
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Oct 1, 2024 | 
automotiveworld.com | William Girling
On 1 October 2024, Toyota Motor North America (TMNA) reported overall US sales of 542,872 units in Q3, an 8% year-on-year decline. However, there was also positive news: total year-to-date sales of 1,729,519 still put the company 6.2% ahead, with “electrified vehicle” sales at 710,060—up 56%. The latter category encompasses hybrids, plug-in hybrids, battery electric vehicles, and fuel cells.
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Oct 1, 2024 | 
automotiveworld.com | William Girling
The future of federal funding budgets for EVs could be on the line as sales in the US slow down and the November election looms. By Will Girling In the US, federal support for the automotive industry is nothing new. In 2009, the Obama Administration formed the Presidential Task Force on the Auto Industry to save Chrysler (now Stellantis North America) and General Motors from bankruptcy.
