September 25, 2024 – According to the latest data from the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI), new car sales in the country increased by 7% year-on-year in August 2024, reflecting a rebound in consumer confidence and a recovery in the automotive market. The figures show that new car sales totaled […]
Vehicle registration data released by the Norwegian Road Federation (OFV) shows that Norway is the first country in the world to have more electric cars than gasoline cars. OFV said that as of now, 26.3% of the 2.8 million passenger cars registered in Norway are pure electric vehicles, slightly higher than the share of […]
September 23, 2024, Madrid-According to Automotive News Europe, Volkswagen Group has ceased production of the Polo small car at its Pamplona plant in Spain and plans to shift to producing affordable pure electric small SUVs. While the Pamplona plant will stop making the Polo, Volkswagen will continue selling the model produced at its Kariega plant […]
According to Reuters, Stefan Hartung, chief executive officer of German auto parts supplier Bosch Group, said that growth in the global automotive and commercial vehicle markets is expected to be very slow this year and next. Stefan Hartung said in the off-site area of the IAA […]
Mercedes-Benz has cut its full-year financial expectations due to weak results in China, delivering another blow to the struggling German auto industry, Bloomberg reports. On Sept. 19, Mercedes-Benz said it lowered its adjusted profit margin forecast for its main automotive business to “7.5-8.5 […]
The latest data shows that new car sales in the EU in August 2024 unexpectedly fell to a three-year low, showing that the auto market is facing severe challenges. Statistics show that new car registrations in August fell by more than 10% year-on-year, hitting the lowest level since 2021. Analysts pointed out that this […]