Nissan shares surged 22.54% following reports of merger talks with Honda and Mitsubishi. The potential merger could create one of the world’s largest automakers, exceeding 8 million annual sales. While Nissan and Honda’s year-to-date stock performance is negative, Mitsubishi shows a small increase. The combined entity would still trail Toyota and Volkswagen in sales.
Amazon and Hyundai have partnered to revolutionize car buying. Now, customers in 48 US cities can buy new Hyundais directly through Amazon, enjoying a streamlined, transparent process. This move marks a significant disruption in the automotive industry and could reshape the future of car sales.
Stellantis CEO Carlos Tavares unexpectedly resigned, leaving the automotive giant facing challenges including declining US sales, high inventory levels, and potential trade war impacts from proposed tariffs. The company, maker of Jeep, Ram, and Chrysler vehicles, is searching for a new CEO, and maintains its 2024 guidance despite the leadership change.
The global automobile engine and part manufacturing market is poised for significant growth, projected to reach US$ 410.21 billion in 2024 and US$ 912.97 billion by 2034, driven by the rising popularity of electric vehicles and government incentives. North America and East Asia are key regions contributing to this expansion.
The global motorcycle filter market is experiencing robust growth, driven by technological advancements and rising demand in key regions like East Asia and Western Europe. Fact.MR’s latest report projects a market value of US$6.36 billion by 2034, with a significant contribution from fuel filters and prominent players driving innovation.
The global wheel axle market is poised for significant growth, projected to reach US$ 66.73 billion in 2024 and US$ 99.73 billion by 2034, driven by expanding industrial sectors, improved logistics, and the rise of electric vehicles. Key players like Dana Incorporated and Meritor Inc. are leading innovation in this crucial automotive component sector.
The global wheel axle market is poised for significant growth, projected to reach US$ 66.73 billion in 2024 and US$ 99.73 billion by 2034, driven by expanding industrial sectors, improved logistics, and the rise of electric vehicles. Key players like Dana Incorporated and Meritor Inc. are leading innovation in this crucial automotive component sector.
The global car fuel filter market is projected to reach a value of US$ 1.74 billion in 2024 and is anticipated to grow at a CAGR of 5.8% through 2034, driven by increasing vehicle sales and the importance of clean fuel delivery for engine health and performance. Fact.MR’s latest study highlights key market trends, leading players, and future growth opportunities.
The Auto Care Association and MEMA Aftermarket Suppliers have released their 2024 Joint EV Trends and Outlook Forecast, revealing a cautious outlook on EV market penetration due to consumer concerns about charging, pricing, and service frequency. The report dives into key factors influencing this cautious growth, providing valuable insights for the aftermarket industry to adapt to the evolving electric vehicle landscape.
General Motors has reached a significant milestone in its electric vehicle journey, surpassing 300,000 EV sales in the US. However, Tesla remains the undisputed leader in the EV market, having sold over 471,000 EVs in the US through the third quarter of 2023. Despite this, GM is making strides with its expanding EV lineup and plans to significantly increase production in the coming years.
