Nissan may merge with Honda to challenge Toyota and Tesla
(Photos courtesy of Nissan, Honda, Mitsubishi) earlier this monthwe shared news that Nissan appears to be in trouble and may only have 12-14 months left to survive. As we've seen before, one way to stay in business is to merge with another company. Not only would this save Nissan, it would also save both automakers development costs. Nissan's lifeline may just come from within its home country. According to business publication Nikkei, "Honda Motors and Nissan Motor Co. are set to begin merger talks as early as Monday as the two automakers seek to create a company that can compete with Japanese leader Toyota Motor Corp. in capital-intensive areas such as electric vehicles. The countervailing group." Another goal? Chinese electric car makers and Tesla. It wouldn't be that shocking (no pun intended) if this actually happened. Back in August, Nissan and Honda agreed to collaborate on developing platforms for future software-defined vehicles (SDVs), which Bosch defines as platforms where software…
Budget dilemma is event planners’ biggest challenge
cost What is your biggest cost-related challenge? The dramatic increase in the cost of self-driving after the pandemic - described by planners as "astronomical", "ridiculous" and "unreasonable" - has left planners feeling trapped, with little flexibility to use external supplies due to exclusive agreements business. Planners have expressed frustration that venues and hotels are cutting services while raising fees, leading to growing feelings of unfairness and dissatisfaction. References to “hidden fees,” “resort surcharges,” and “significant drops in service” suggest planners were blindsided and frustrated with the service providers they relied on. Planners say they often discover hidden or unexpected expenses after budgets are finalized, leaving them scrambling to pay for them. Inflation is a pervasive problem that compounds planners' dilemma. Costs are rising faster than revenue or registration fees, leading to a sense of helplessness. The common theme of “budgets go down, expenses go up” reflects planners’ dilemma between sticking to tight budgets and meeting attendee’s high expectations. Labor costs,…
IMEX Challenge Winner
Prevue interviews three individual winners of the 2024 IMEX Wellness Challenge, which took place during this year’s IMEX Convention in Las Vegas from October 8-10. powered by Heka Health—Creator of custom-designed, turnkey wellness challenges— IMEX Health Challenge 2024 Invite teams and individuals to participateParticipate in a range of healthy activities while enjoying healthy competition with your peers. Participants have a chance to win Amazing prizes Achieve challenge goals and work your way up the leaderboard. Prevue reached out to three winners Top 10 picturestheir income exceeds 30,000 Accumulate points. Everyone wins a 2-night stay in a Deluxe King Room paris las vegasincluding dinner for two bedfordthe recently opened Martha Stewart restaurant; access to the 25,000-square-foot Voie Spa, including a 50-minute massage for two; and round-trip limousine airport transfers. Pablo Zacharias Pablo Zachariasproject manager custom madeAn award-winning experiential event marketing company based in Denver notes that staying healthy has improved everything in his life, including the way he works. "Taking care…
Hyundai and Kia theft case settled finally
The class-action lawsuit is worth $8 billion to $145 million, with some owners saying it should be $1 billion. October 25, 2024 — A Hyundai and Kia theft settlement has received final approval after dozens of Hyundai and Kia theft class action lawsuits were filed in 2021 after teens began stealing vehicles in the so-called "Kia Challenge." Teenage criminals broke car windows, ripped open steering columns, removed ignition locks and used standard USB cables to start vehicles. Criminals record their crimes and post the videos online, "challenging" others to do the same. Lawsuit alleges Hyundai and Kia did not equip vehicles built from 2011 to 2022 with engine immobilizers, which are not required in the U.S. The National Highway Traffic Safety Administration investigated the vehicles and determined there were no defects or issues with the vehicles. Federal safety investigators found the thefts were caused by teenage criminals damaging and stealing vehicles, while the cities where the teenagers lived blamed Hyundai…
Developing member countries rank high costs as top new challenge
WASHINGTON, D.C. – Budget challenges and rising costs are the top issues driving decision-making in the global meetings and events industry, according to the Q3 2024 Pulse of Meetings and Events Survey conducted by Global DMC Partners (GDP), the world’s largest network of independent DMCs and professional event service providers. “Rising costs have been an ongoing issue since late 2022, and our latest survey shows that higher lodging, dining and A/V rates are among the biggest challenges facing planners today,” said Catherine Chaulet, president and CEO of Global DMC Partners. “Planners are facing a perfect storm of rising costs and inflationary pressures. Without drastically adjusting budgets, there is little room for innovation.” The survey is based on 165 responses collected between June 27 and August 9 from meeting and event professionals, with the majority based in the U.S. and Canada, and 20% based in the U.K. and Europe. Respondents were broken down into corporate/direct planners (37%), agency/third-party planners (40%), associations…
Ultraviolette issues open challenge to Bajaj Auto: will defeat
It looks like there's some healthy competition brewing in the two-wheeler space. Ultraviolette has issued an open challenge to Bajaj Auto and other two-wheeler manufacturers to beat them in an upcoming sporting event. What's the reasoning behind the challenge? Where will the contest take place? Who will be the contenders? We have some theories. First, we need to understand the context in which this open challenge was launched. In a recent interview, Bajaj Auto CEO Rajiv Bajaj gave his trademark witty response, saying that the sales of the Ultraviolette were not "ultra". The industry veteran said that he believes that scooters, not motorcycles, will dominate the market when it comes to electric vehicles. In response, Subramaniam praised Bajaj for producing disruptive products like the Pulsar, but also mentioned that the same spirit is lacking now. He then went on to challenge Bajaj in their own backyard and invited all other manufacturers to participate. UV Challenge "We will be participating in…
Skoda Kylaq: A new compact SUV, ready to challenge
Skoda Auto India has officially named its upcoming sub-4-metre compact SUV Skoda KaraqThe new SUV will be launched next year and is expected to directly compete with popular models such as the Maruti Suzuki Brezza, Tata Nexon and Kia Sonet. This marks an exciting development as Skoda expands its product line-up in the Indian market. Skoda Kylaq: a name that resonates this Skoda Karaq The name was born out of a massive campaign, in which the Czech automaker invited fans to help come up with a name for the new compact SUV. The naming criteria were very strict - starting with "K", ending with "Q", and having two or three syllables in between - and the competition was very well received, with more than 200,000 entries received. Of these, more than 24,000 unique names were proposed, making Kylaq a truly crowd-sourced name. The naming contest offers generous rewards ŠKODA not only invites proposals, but also offers exciting rewards. The top…
Explore the latest exhibition information and industry trends at ASAP Expo Magazine. Your one-stop platform, bringing together global exhibition highlights, industry trends and in-depth analysis, to help companies accurately connect with the market and seize business opportunities.
