Why is the Inchcape deal so significant for the company?
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September 8, 2024 CAReer&more!
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Europe’s OEMs struggle with the realities of electrification! Inconsistent policy and overambitious electric vehicle sales targets mean Europe’s automakers must now reassess their future. By Will Girling It could be argued that Volvo Cars’ decision to dilute its 100% electric vehicle (EV) sales by 2030 goal is symbolic of European automotive’s current difficulties. The Geely-owned Swedish brand was among the first to set such a target in 2021, soon joined by Mercedes-Benz and Renault, while BMW and Volkswagen aimed for a less ambitious 50% and 80%, respectively. Enthusiasm was high and kept building: new EV registrations in Europe reached a new peak in 2023: 3.2 million, up 20% year-on-year, according to the International Energy Agency. However, biting economic challenges in early 2024 combined with saturation of the early adopter market saw momentum slow down noticeably. Hybrid sales began picking up as customers looked for cleaner but more affordable options. Now, with the battery EV transition taking longer than initially expected and strategic reassessments ongoing, the more cautious targets of BMW and VW have been vindicated. The European Automobile Manufacturers Association (ACEA) recorded that hybrids’ total market share of new vehicle sales reached 32% in July 2024, up 6.5% year-on-year. Mild hybrids were the only electrified powertrain to score growth, and automakers are expanding their product portfolios accordingly. In August, Porsche bought a controlling stake in a battery manufacturer—V4Drive—that produces cells for its Porsche 911 Carrera GTS hybrid. Does this general retreat to older technology mean enthusiasm for battery EVs in Europe is fading?
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Deutschland, Frankfurt a. M. Autohaus Nix könnte Namensgeber für die Eissporthalle werden! Die Löwen hatten im November des vergangenen Jahres beantragt, die Namensrecht an ihren Sponsor Autohaus Nix vergeben zu dürfen, um finanzielle Nachteile gegenüber der Konkurrenz in der höchsten deutschen Eishockeyliga DEL ausgleichen zu können. Eine entsprechende vertragliche Vereinbarung mit dem Autohaus besteht offenkundig bereits. Entsprechend würde die Spielstätte in der Kommunikation des Klubs fortan „Nix Eissporthalle“ heißen, eine entsprechende Beschriftung wäre auf Kosten des Klubs gestattet. Die Stadt behält sich vor, weiter den Namen Eissporthalle nutzen zu dürfen. #Toyota #Lexus https://lnkd.in/e8PM5Utc
Eissporthalle: Stadt überlässt DEL-Klub Löwen Frankfurt die Namensrechte
faz.net
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AutoNews24 hat dies direkt geteilt
What’s happening with Stellantis is wild. They’ve priced themselves into a corner—and now dealers are stuck with 2023 models that nobody’s buying. The real question: Can Stellantis recover by 2025? Alan Haig of Haig Partners breaks it down:
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At one time, she never saw herself here. Subi Ghosh was inspired by others to grow into this new mindset. And now, she wants to do the same for others within the Women of Color Automotive Network (WOCAN) community. She was even honored with the Trailblazer Award this year at the WOCAN Annual Luncheon. Subi Ghosh is so grateful for the amazing WOCAN community and wants to continue inspiring more women to be great within the automotive industry. Special thanks to our friends at TrueCar, Inc. for making our National Association of Minority Automobile Dealers (NAMAD) coverage possible.
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USA: Gee Automotive Companies took over Hanson Subaru and Hanson Kia in Olympia, WA! The dealerships will be renamed Olympia Subaru and Olympia Kia, and will remain at their current locations in the Olympia Auto Mall, off Highway 101. Steve Hanson, father of Vince and Kim Hanson, founded the dealerships in downtown Olympia more than 50 years ago, initially offering Volkswagen, Porsche and Audi. In 1986, he relocated to the Olympia Auto Mall, establishing a thriving family-owned business. Vince Hanson, who has worked in every dealership role from lot attendant to service manager, took over the business. His commitment extends to community service with tremendous support for local organizations such as St. Martin's Gala, Senior Services for South Sound, Hands on Children Museum, Wolf Haven, and Boys and Girls Club. “After 50 years in the auto industry, my sister and I decided the time was right to sell our stores,” Vince Hanson said, adding it was important to find a buyer and broker who both shared the same family values. Gee Automotive Companies was established in 1983 when George and Theresa Gee acquired their first dealership in Spokane, WA, which eventually became the largest Pontiac dealership in Washington. In 2003, their son, Ryan Gee, took on the role of president and CEO. By 2010, Ryan Gee had appointed Jeff Jackson as president, while Gee continued as CEO and dealer principal. Under their leadership, Gee Automotive Companies has expanded to include 35 dealership locations across Washington, Idaho, Oregon and Arizona. source: autobodynews #Kia #Subaru #Automotive #Cardealer #Dealership #dealergroup #dealerpricipal #GeeAutomotive #AutoNews
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Are you passionate about the automotive industry? Join our young and dynamic sales team and let's drive Mitsubishi Motors to new heights in Europe! #mitsubishimotorseurope #vacancy #europe #amsterdam #driveyourambition #job #mitsubishimotors #sales
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AutoNews24 hat dies direkt geteilt
Trump announced the plan and Musk's role and said he wanted to see recommendations for "drastic reforms."
Trump plan for Musk-led efficiency commission could give CEO influence over rules for his work, wealth
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We're recruiting for a Chief Executive Officer! Take the next step in your career at The Institute of the Motor Industry and help 100,000 members take their next steps too. As our new CEO you will transform, advance and grow the IMI, to inspire and lead a team of staff, members, linked organisations and volunteers to deliver the IMI’s Ambition, Vision, Mission & Strategic Plan. You will also work with our Board to develop and implement ambitious growth plans, through the IMI strategy, budget and business plan. Our output is to deliver the skills and competences that the automotive retail sector needs today and tomorrow. Find out more: https://lnkd.in/eYn3bwec. #ProudToBeIMI