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Automotive News

China industry warns automakers on price war

China industry warns automakers on price war

SHANGHAI/BEIJING — China’s auto industry association urged automakers and authorities to cool “price-cut hype” to ensure the stable development of the industry.

“A price war is not a long-term solution”, the China Association of Automobile Manufacturers wrote in an article published on its WeChat account.

Automakers should work harder on technology and branding while local governments should also use “appropriate methods” while promoting and stabilizing the economy, CAAM added.

More than 40 brands of electric and combustion-engine vehicles in China have offered aggressive discounts to create demand, following Tesla into what has become a price war over market share.

Local

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Automotive News

Germany’s auto industry must defend itself in moving to EVs

Germany’s auto industry must defend itself in moving to EVs

Germany for decades led on well-engineered combustion cars. It’s now facing a watershed year in the quest to retain an edge in the age of electric vehicles.

Europe’s biggest economy is under growing pressure to retool dozens of fossil fuel-era factories employing tens of thousands of workers in a race for clean-technology leadership with the US and China.

Volkswagen Group, Mercedes-Benz and BMW are rolling out several new battery-powered models in the coming months that will be pivotal to proving they can finally start to narrow the gap to Tesla and China’s BYD, the two clear leaders in EV sales.

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Automotive News

Nikola Electric Trucks Catch Fire, and Company Suspects Foul Play

Nikola Electric Trucks Catch Fire, and Company Suspects Foul Play
nikola motors phoenix headquarters

Nikola Electric Truck Reignites after Fire in JuneNikola

  • Nikola, the electric truck manufacturer on Friday, reported a fire around its global headquarters in Phoenix.

  • Five electric trucks were burned in the incident, the company confirmed, though no injuries have been reported.

  • The company took to Twitter to announce that it suspects foul play was involved in starting the fire.

UPDATES 7/24/23: One of the previously damaged trucks reignited on Sunday at Nikola’s headquarters, according to Reuters. In a statement to Car and Driver, Nikola confirmed that there were no injuries and that the fire was quickly extinguished

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Automotive News

The EV battery production plans for 5 automakers in Canada

The EV battery production plans for 5 automakers in Canada

Arriving relatively late to the EV business, Honda has also turned to the United States to begin its EV transition in North America.

The company, along with joint venture partner LG Energy Solution (LGES), broke ground in February on a US $4.4 billion battery cell plant in Jeffersonville. It followed this up with a $700 million commitment in March to re-tool several plants to build EVs in nearby Marysville.

The company began building hybrid vehicles in Ontario last fall, but has not yet detailed plans to bring any form of battery production to the province.

John Bordignon, spokesperson for Honda

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Automotive News

Investing in a New Windshield Offers Clear Visibility

Investing in a New Windshield Offers Clear Visibility

Making sure that you can see clearly when behind the wheels of a vehicle is essential to keep yourself and your passengers safe. A new windshield installation can be a practical way to ensure the best visibility and to reduce the risk of accidents for yourself, your family, and friends when driving in Tampa, FL.

Why Clear Visibility Matters

Poor visibility is responsible for thousands of automobile accidents each year. While cracked or distorted windshields are not to blame for all these accidents, the lack of visibility caused by damage to your windshield can put you and your passengers at

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Automotive News

Shyft Group CEO Daryl Adams to step down

Shyft Group CEO Daryl Adams to step down

“Serving as the CEO of Shyft has been the highlight of my professional career,” Adams said in the release. “Today, Shyft is well positioned in the attractive last mile delivery and infrastructure end-markets with a growing roster of innovative brands, including a cutting-edge EV platform.”

Adams won’t be leaving the company empty handed.

The CEO, who had a compensation totaling $3.4 million in 2022, has a beefy severance package worked into his contract, according to a company proxy statement filed with the Securities and Exchange Commission. The executive is set to receive approximately $4.2 million in severance benefits, including $1.3

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Automotive News

Cost of Windshield Replacement Is Going Up

Cost of Windshield Replacement Is Going Up
Auto Glass Replacement

Today, it seems as if the prices on just above everything (food, gas, rent) are going up–and glass is no exception. Unfortunately, maybe not all that surprisingly, the cost of automobile glass materials has been rising every month. . . and continues to do so.

In fact, the Bureau of Labor Statistics’ Producer Price Index data pulled back in January 2022 showed that motor vehicle parts increased by 5.2 percent from the previous year. Specifically, adhesives and sealants increased in price by 14.2 percent, while prices for materials related to motor vehicle repair and maintenance increased by 2.9 percent.

Here’s

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