September 2, 2024 – Hyundai Motor Company has announced a 5.3% year-on-year decline in global sales for August 2024, marking a notable dip in its performance across international markets. The decrease in sales comes amid a challenging global automotive landscape characterized by fluctuating consumer demand and supply chain disruptions. According to Hyundai’s latest report, the company sold fewer vehicles compared to August 2023, reflecting ongoing difficulties in the automotive sector. The decline has raised concerns about the company’s short-term growth prospects and its ability to navigate the evolving market dynamics. Several factors are contributing to Hyundai’s sales drop: Supply Chain Disruptions: Persistent issues with global supply chains, including […]
September 2, 2024 – French car sales experienced a dramatic decline of 24.3% in August 2024, marking one of the steepest drops in recent years. The sharp downturn in the automotive market has raised concerns about the sector’s health and the broader economic implications. The latest figures released by the French Automobile Manufacturers’ Association (CCFA) reveal that August’s sales were significantly lower compared to the same month last year. The total number of new cars registered was down nearly a quarter, reflecting a challenging period for the industry. Several factors are contributing to this substantial decrease: Economic Uncertainty: Persistent economic instability, including high inflation rates and rising living […]
The California Department of Motor Vehicles (DMV) released draft regulations for the operation of self-driving vehicles on highways on Aug. 30 local time, paving the way for self-driving trucks to begin long-haul transportation, Reuters reported. The regulatory framework being planned by the DMV would require light- and heavy-duty self-driving trucks to have safety drivers in the early stages of operation and accept written feedback on the draft by October 14, the report said. If approved, the regulations could be a huge win for self-driving trucking startups, but they could also threaten trucking jobs. Self-driving trucks have already had some success in […]
According to foreign media reports, on August 31, the U.S. government once again postponed announcing a final decision to significantly increase tariffs on Chinese-made electric vehicles, batteries, semiconductors, and solar cells, saying that it would do so in the coming days. A spokesperson for the Office of the U.S. Trade Representative (USTR) said the agency “will continue to make a final decision on the proposed changes based on the U.S. government’s tariffs on Chinese goods in 2018 and 2019.” In a statement, a USTR spokesperson said, “The USTR will continue to make final determinations on proposed changes to […]
The Republican presidential campaign has said that if Donald Trump is elected as the next U.S. president, he will repeal many of current U.S. President Joe Biden’s clean-energy regulations, as well as speed up approvals for power plants to meet growing U.S. electricity demand, according to Reuters. President Joe Biden’s clean energy regulations on emissions from power plants and vehicles were designed to reduce carbon emissions from the power sector while pushing the auto industry to transition to electric vehicles to reduce tailpipe pollution. However, David Bernhardt, then Secretary of the Interior in the Trump Administration, said in a conference call organized by the […]
According to foreign media reports, on August 31, the National Highway Traffic Safety Administration (NHTSA) said that Ford will recall 90,736 vehicles in the United States because the vehicle’s engine intake valves may rupture while driving. The recall affects certain 2021-2022 Bronco, F-150, Edge, Explorer, Lincoln Nautilus and Lincoln Aviator models equipped with the 2.7L or 3.0L Nano EcoBoost engine, NHTSA said. NHTSA also said that as part of the remedy, Ford dealers will conduct engine cycle tests and, if necessary, replace the engines at no cost to the owners involved. In […]