Tata Punch leads: Maruti loses 40 years of bestseller
Tata Punch sales exceed 200,000 units in 2024, Maruti Wagon R second in sales Maruti Suzuki's dominance as India's best-selling carmaker has been broken for the first time in four decades. Tata Motors' subcompact SUV Tata Punch became India's best-selling car in 2024, overtaking Maruti Suzuki's Wagon R. Tata Motors' Punch has sold more than 202,000 units, surpassing the Wagon R's 191,000 units, marking a critical moment for the Indian car market. This shift reflects broader trends in consumer preferences, with SUVs expected to occupy three of the top five positions in the Indian market by 2024. The Rise of Tata Panch Since its launch in 2021, the Tata Punch has steadily gained favor among Indian buyers. Positioned as a sub-compact SUV, it occupies a place in the sub-4 meter SUV segment with its bold design, 190mm ground clearance and commanding driving position. This segment is increasingly becoming the preferred choice for buyers transitioning from hatchbacks like the Maruti Swift.…
Used car manager loses car, attacks camera crew and pays over $1,500 in damages
The 27-year-old man has indeed had a lot of legal trouble in the used car industry December 31, 2024 14:29 A news crew investigating a used car dealership was attacked by the dealership manager. Police arrested the manager shortly after the attack and sent him to jail. He is also accused of embezzling $144,454 from a previous dealer, reports show. Sometimes, the more you dig, the more confusing things get, especially when shady car dealers are involved. What begins as a simple investigation at a used car lot in Pasadena, Texas, quickly turns into a small-town scandal involving assault, theft charges and a very questionable manager. A used car dealership manager allegedly attacked a film crew who asked him questions. Then, after police arrested and charged the manager, reporters discovered more serious charges against him. More: Honda dealer faces $10,000 per vehicle fine for unfair sales tactics The man at the center of it all is 27-year-old David Antonio Estrada…
Nissan loses appeal in sunroof crushing class action lawsuit
An appeals court ruled that Nissan must question customers in four states about exploding sunroofs. December 1, 2024 — A Nissan sunroof class action lawsuit that has been in court since 2017 will continue after Nissan lost an appeal to the Ninth Circuit. The Nissan sunroof explosion lawsuit covers these vehicles. 2009-2014 and 2016-2020 Nissan Maxima 2014-2020 Nissan Rogue 2013-2020 Nissan Pathfinder 2009-2020 Nissan Loulan 2013 Infiniti JX35 2014-2020 Infiniti QX60 The original class action lawsuit included all affected Nissan owners nationwide, which makes sense because if the sunroofs are defective, they're likely to be defective everywhere. But like many auto class action lawsuits, this one has yet to be certified nationwide and instead only targets certain customers in these four states: California, Colorado, New York and Florida. Nissan sunroof glass allegedly shatters like a shotgun when driving or parking. Passengers in the Nissan complained of extreme distraction caused by the sunroof exploding while driving. In addition, vehicle owners reported…
Starling Bank loses £29m due to flaws in screening system
The UK Financial Conduct Authority ("FCA") has issued a final notice imposing a fine of £28,959,426 on Starling Bank Limited. Under the FCA enforcement settlement process, the bank will be required to pay £40,959,426, an amount equivalent to a 30% discount, if it does not agree to rectify issues with the anti-money laundering and financial sanctions framework. Following its 2021 application for Voluntary Imposition of Requirements (“VREQ”) to the FCA, Starlin... Continue reading Subscription features Export Compliance Manager With insights and solutions, solve the problems and challenges that keep trade compliance professionals up at night. Export Compliance Manager Share the expertise of experienced professionals to educate readers on best practices in trade compliance and help realize real business advantage. Export Compliance Manager Recognizes trade compliance professionals for their valuable contributions to their companies, communities and international security. Subscribe login The post Starling Bank fined £29m for deficiencies in system following review appeared first on Export Compliance Manager.
Mercedes-Benz GLE drops $12,000 in price, but loses some
this Mercedes-Benz GLE With the price cut, the SUV's base price is now $12,000 cheaper, and some previously standard features are now optional. Mercedes-Benz will now price turbodiesels GLE 300d 4Matic from $134,900 before tollsa decrease of $12,000 from the recent $146,900. However, Mercedes-Benz Australia has made changes to its standard equipment list, which it says are based on customer feedback "to provide greater flexibility and options when configuring the vehicle". Despite the price drop, the entry-level GLE is still $35,000 more expensive than when the current-generation model arrived in local showrooms in 2020 - albeit without the 48-volt mild-hybrid technology joining the lineup this year. Hundreds of new car deals available via car expert Now. Get the experts on your side and get big rewards. Browse now. Changes include Artico synthetic leather upholstery instead of real leather, priced at $2900 when ordered in black or $3300 in Macchiato Beige/Black or Bahia Brown/Black. The GLE 300d's 21-inch AMG 5 twin-spoke…
Porsche 911 loses engine after collision with GT3 RS
The two vehicles collided after one of the vehicles allegedly made a U-turn. The Los Angeles Police Department's Air Rescue Unit responded to the crash. Both vehicles will likely be auctioned off at Los Angeles-area scrap auctions. Two Porsche 911s collided on a California canyon road, causing extensive damage, with one's engine destroyed and the other's body damaged, requiring costly repairs. var adpushup = window.adpushup = window.adpushup || {que:()}; adpushup.que.push(function() { if (adpushup.config.platform !== "DESKTOP"){ adpushup.triggerAd("4d84e4c9 -9937-4f84-82c0-c94544ee6f2a"); } else{ adpushup.triggerAd("6a782b01-facb-45f3-a88f-ddf1b1f97657"); } }); California has some absolutely spectacular driving roads that are swarmed by car enthusiasts every day. Pick a quiet day and it's driving heaven. Unfortunately, one of the two 911s reportedly attempted a U-turn in the middle of Angeles Crest Freeway and ended up crashing into each other. Read: Porsche 911 GT2 RS crashes into truck after reckless driving While there's no clear video of the crash to tell exactly what happened, it looks like the white 911 GT3…
Xiaomi loses $9,200 on every electric car it sells, but still performs better
According to reports from China, the brand may launch its second model in just two months go through Brad Anderson 20 hours ago The Chinese tech giant delivered 27,307 vehicles in the second quarter of this year. In the second quarter, Rivian lost more than $32,000 on each vehicle it sold, while Ford's electric division lost $47,600 on each electric vehicle it produced. Analysts believe Xiaomi could reach its break-even point when annual sales reach 300,000 to 400,000 vehicles. Developing, manufacturing and selling electric cars is an expensive business, something Chinese tech giant Xiaomi has learned by losing millions of dollars on the launch of its SU7 sports sedan. However, on a per-car basis, it is performing much better than some more established brands. Xiaomi's automotive division reported an adjusted loss of $252 million for the second quarter ended June 30. This was the company's first full quarter of deliveries ever. In April, May, and June, Xiaomi delivered 27,307 electric…
2025 Nissan Altima loses turbocharging, gains new special features
The Altima is now powered exclusively by a 2.5-liter four-cylinder engine with 188 horsepower Nissan has introduced the 2025 Altima, which no longer offers the 2.0-liter turbocharged engine. The sedan is currently powered only by a 2.5-liter four-cylinder engine that produces 188 horsepower. There's also a new special edition package that adds a lot of goodies. The Nissan Altima is rumored to be dead, and its design has been simplified due to declining sales. The biggest change is the removal of the turbocharged 2.0-liter four-cylinder engine, which produced 248 hp (185 kW / 251 PS) and 273 lb-ft (370 Nm) of torque. For 2025, the only option is a 2.5-liter four-cylinder engine that produces up to 188 hp (140 kW / 191 PS) and 180 lb-ft (244 Nm) of torque. It's connected to an Xtronic continuously variable transmission, and most models can be paired with an optional all-wheel drive system for an additional $1,500. More: Nissan may discontinue Altima and…
Ford’s electric vehicle division loses $1.1 billion, or $50,000 per vehicle
Electric vehicles will account for only 4% of Ford's total vehicle sales in the first half of 2024 go through Brad Anderson July 30, 2024 12:10 Although current losses are large, they should decline in the coming years. Ford's first-quarter electric vehicle sales surged 61%. According to recent news, Ford will reduce battery orders from three suppliers. Ford is investing billions of dollars into electric vehicles, but like many other automakers doing the same, it's finding that it's not easy to build electric cars without losing huge amounts of money. Ford's second-quarter financial information shows that the Ford Model E electric vehicle division lost $1.1 billion. During this period, the company sold 23,957 electric vehicles in the United States, which means that Ford E lost $47,600 for each electric vehicle sold. Taking into account the poor performance in the first quarter, Ford E has lost $2.5 billion this year and is expected to lose $5 billion to $5.5 billion by…
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