How Japan’s Nidec is pushing into the electric vehicles business
Nidec’s Nagamori has said he believes the way to become a market leader in e-axles is to focus on making the technology inexpensive. The way to do that, he says, is by being able to produce every component and sub-technology…
Consumer prices rise 0.2% in September, used vehicles spike | Business
SILVER SPRING, Md. – U.S. consumer prices rose slightly in September, led again by sharp increases in the index for used vehicles. The consumer price index rose 0.2% last month, after gaining 0.4% in August, the Labor Department reported…
Steve Barlow Named to Lead Lumileds Automotive Business Unit
Lumileds announced today that Steve Barlow has been appointed as President of the company’s Automotive Business Unit. Mr. Barlow has successfully led the Lumileds LED Solutions Business Unit for over 3-years and, in his more than 18 years of executive…
Cars We Remember column: Re-visiting the Bricklin SV1: Malcolm Bricklin’s past and present legendary efforts – Business – Austin American-Statesman
Q: Greg I was a fan of the Bricklin gull wing door sports car invented by Malcolm Bricklin in 1974. What are your memories of the Bricklin as I don’t see many advertised these days in the antique car magazines?…
Hyundai to Push into Used-Car Business – The Chosun Ilbo (English Edition): Daily News from Korea
Hyundai is venturing into the used car market, raising fears that conglomerates will monopolize even an area that has traditionally been left to smaller entrepreneurs. Hyundai executive vice president Kim Dong-wook said in a National Assembly audit last week, “There…
September auto sales up 32 percent | Business
Illustrative image (Photo: VNA) Hanoi (VNA) – Sales of automobiles in September increased 32 percent against the previous month to reach 27,252 units, the Vietnam Automobile Manufacturers’ Association (VAMA) reported on October 10. Sales of passenger cars expanded 34…
Driving sales: Demand high, inventory low for many auto dealers | Business
TUPELO • A truck carrying eight GMC trucks and SUVs was on its way to the Dossett Big 4 dealership last Wednesday. Before the vehicles could be unloaded, four had already been sold. At Dwayne Blackmon Chevrolet, the redesigned 2021…
The coronavirus pandemic is the best thing for Tesla’s business
Tesla has recovered from the coronavirus pandemic better than any other automaker. Tesla just reported a record Q3 for vehicle deliveries, while most other automakers are managing sales downturns. The auto market in the US has been mounting a stronger-than-expected…
While most car insurance refunds for the pandemic have ended, some insurers are offering discounts as motorists drive less | Business News
For instance, Henrico County-based Elephant Insurance announced in August that it would offer a discounted rate to customers working from home. The company said policyholders and spouses working from home and driving less would be eligible to receive the new…
Skoda Enters Used Car Business In India
Skoda Auto India has introduced its Certified Pre-Owned programme today – Across 9 cities in India Designed to offer handpicked vehicles that are thoroughly assessed on 160 plus points of inspection, vehicles are restored using genuine parts and accessories as…
