Automotive
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Volkswagen announces five-year $193 billion investment plan as electrification gathers pace
Persons glimpse at the Volkswagen id excitement electric vehicle all through the push working day at the Los Angeles Car Exhibit in Los Angeles, California, November 17, 2022. Mike Blake | Reuters Volkswagen on Tuesday declared plans to devote 180 billion euros ($192.6 billion) between 2023 and 2027, with far more than two thirds concentrating on “electrification and digitalization.” The German automotive large earlier this thirty day period posted a total-calendar year 2022 running financial gain of 22.5 billion euros, up 13{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} from the past 12 months, with battery and electric car or truck (BEV) deliveries mounting 26{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502}. similar investing news The BEV expansion was driven by a 68{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} spike…
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Beaman Automotive leaves decades old site in downtown Nashville
The downtown Nashville landscape carries on to evolve. The hottest adjust saw Beaman Automotive move away from Broadway more than the weekend just after decades at the acquainted internet site just off the interstate. Beaman Toyota is shifting about 9 miles south and the Beaman Buick GMC is shifting about 13 miles south into the Antioch place. Nelson Mazda previously occupied the Mt. Look at Street area. Officers with South Carolina-dependent Hudson Automotive Team, owner of the Beaman dealerships, reported both of those locations are larger and signify an $82 million investment decision. “With Nashville’s enlargement and progress toward Murfreesboro, these places offer you terrific visibility and the larger footprint…
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Canada goes all in on EVs to keep automotive jobs : NPR
A car or truck hauler carrying Chrysler Pacificas’ strategies the Ambassador Bridge that connects Windsor, Canada, to Detroit, Michigan,on Oct 5, 2018 in Windsor, Ontario, Canada. AFP by way of Getty Visuals hide caption toggle caption AFP by means of Getty Pictures A car hauler carrying Chrysler Pacificas’ methods the Ambassador Bridge that connects Windsor, Canada, to Detroit, Michigan,on Oct 5, 2018 in Windsor, Ontario, Canada. AFP through Getty Photos When most people today consider of Canada, they rarely imagine of cars. But the state, recognized for hockey, maple syrup and limitless wilderness, is one particular of the premier car producers in North The usa. And with the rising great…
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Automotive Cybersecurity Market Size to Worth USD 16.43 BN by 2032
Precedence Research The global automotive cybersecurity market size is expected to be worth around USD 16.43 billion by 2032, and it is registering at a CAGR of 18.15{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} from 2023 to 2032. Ottawa, March 11, 2023 (GLOBE NEWSWIRE) — As per Precedence Research, the global automotive cybersecurity market size was valued at USD 3.1 billion in 2022. The most recent developments in connected and autonomous vehicles, as well as the rising number of electronic control units (ECUs) in electric vehicles, are driving the expansion of the automotive cybersecurity industry. Due to new manufacturing techniques and consumer-challenging technology, the automotive industry is facing a rapid revolution in cyber security that is…
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China’s Automotive Slowdown: Tesla And The EV Startups (NASDAQ:TSLA)
Xiaolu Chu Introduction The sales year started off with a whimper. First, the covid stimulus package for the auto industry – a cut from June 1-Dec 31 of the car sales tax from 10{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} to 5{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} – expired. Those planning to buy cars in early 2023 instead made their purchases last year. In addition, the Chinese central government has been winding down its incentives for New Energy Vehicles (NEVs) for several years. They, too, expired at the end of 2022. That pulled planned NEV sales from 2023 into 2022, over and above the impact of the covid tax cut. In other words, electric vehicle (“EV”) sales in late 2022 were…
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Wholesale Used-Vehicle Prices See Large Increase in February
Wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) increased 4.3{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} in February from January. This was the largest increase for the full month of February since 2009’s 4.4{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} rise. The Manheim Used Vehicle Value Index (MUVVI) rose to 234.5, down 7.0{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} from a year ago. February’s increase was driven partially by the seasonal adjustment. The non-adjusted price change in February was an increase of 3.7{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} compared to January, moving the unadjusted average price down 5.6{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} year over year. In February, Manheim Market Report (MMR) values saw increases that were not typical, culminating in a 2.4{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} increase in the Three-Year-Old Index over the last four weeks. Over the…
