Tesla faces market share challenges in Europe
Tesla's market presence in Europe continues to face challenges as it gradually diminishes in the growing competition. The electric vehicle giant's sales fell 42.6% this year, with its market share falling to 1.8% in February, accounting for 10.3% of the battery-electric vehicle (BEV) market, compared with 2.8% and 21.6% last year, respectively, according to Reuters. Also Read: Tesla's Preference Capabilities hit nine-year lows in the United States Although European BEV registrations have increased by 26.1% overall, Tesla sells less than 17,000 vehicles in the EU, UK and EFTA countries, with the company’s challenge being more obvious compared to the 28,000 sales volumes in the same month of 2024. Meanwhile, the European auto market is witnessing a surge in sales of electrified vehicles, with BEV, hybrid (HEV) and plug-in hybrid (PHEV) vehicles accounting for 58.4% of all passenger bus registrations in February, up from 48.2% in the same period last year. Volkswagen and Renault saw sales rise 4% and 10.8% respectively,…
Hey Elon, share 5 things you did last week to stop Tesla’s
Shareholders are turning on musk and feel that he almost forgot their attention Shareholders criticized Tesla's 23% stock decline this year. The automaker's CEO faces opposition to his concerns about non-Tesla projects. The online response will be sent to Musk's own Doge email request to federal employees. "Please share 5 things you've done for $TSLA shareholders this week." This is just the beginning of a sharp message directly targeting Tesla CEO Elon Musk, not even the harshest part. Shareholders are frustrated as Tesla shares are worth about 23% this year. Now, it seems uneasy to be scattered outside the people with skins in the game. Please read: "Don't Buy Swastar" campaign targets London's Musk It is no surprise that shareholders are upset by the massive decline in valuation. However, it is obvious from their online answer that their goal is to hit Musk. Last week, he served as head of the newly founded Department of Government Efficiency (DOGE), and he…
Maruti Suzuki targets 50% market share, #1 EV manufacturer
Maruti Suzuki Evitara India debut By fiscal 2030, Maruti Suzuki plans to launch 4 BEV models that will contribute about 15% to the company's overall sales Suzuki announced a new mid-term management plan for fiscal 2025-2030, which highlights strategies for a variety of global markets, including India. The sales target (FY2030) is set to 4.2 million units, while the operating profit target is 700 billion yen (Rs 40,644 crore). India will continue to be the company's largest contributor to global sales and growth. Maruti India’s 5-year business strategy Maruti's market share has been below 50% for some time due to the growth of competition. Maruti now intends to retake that position by fiscal 2030. Even if competition in the electric vehicle sector will intensify over the next few years, the company seems confident. Previously, Maruti plans to launch six new BEV models in India at the end of this decade. But the medium-term plan shows that India will introduce only…
OLA electric pedal car market share and bajaj, TV
OLA Electric Mountains VS TV IQU and BAJAJ Chetak Ola Electric was used to be the main force in the field of Indian electric pedal cars, and has lost its market share of competitors such as Bajaj Chetak and TVS Motor. The electric mobile provider headquartered in Bangalore seems to be "too close to the sun", because the roaring and leading sales have greatly reduced. Although Ola is still the best -selling 2W EV manufacturer, it is no longer the main force. Competitors like BAJAJ and TVS have been walking for a long time, they are ready to surpass OLA numbers and take over any time. On January 28, after the company opened 4,000 physical stores in India, their stock price also reached a historical lowest of 64.6 rupees. In this article, we will analyze OLA's sales performance in CY24, and view the fall of OLA compared with BAJAJ and TVS. OLA Electric Mountains VS TV IQU and BAJAJ Chetak…
General Motors OnStar Class Action Lawsuit
The GM OnStar class action lawsuit alleges that data was collected and sold to drive up insurance rates. January 23, 2025 — General Motors and OnStar have been accused of collecting and sharing driver behavior and privacy data without permission, forcing drivers to pay more for insurance. The first GM Onstar class action lawsuit was filed two days after the incident. new york times Published an investigative article on the issue and how insurance rates are rising. Lawyers soon filed at least 20 more class-action lawsuits, as shown below. All class actions have been consolidated into a Multidistrict Litigation (MDL) titled "IN RE: Consumer vehicle driving data tracking lawsuit". The GM OnStar class action lawsuit alleges that plaintiffs were not told how using OnStar and the Smart Driver program could cause their insurance rates to be doubled or even canceled. Drivers also complain that their data is collected and shared even if they have not agreed to join OnStar or…
Toshihiro Suzuki: Wants to regain 50% market share
Suzuki Motor Corporation President Toshihiro Suzuki recently discussed the company's future direction, including its technological advancements and mobility vision. Suzuki was addressing the media ahead of this year's Bharat Mobile Expo, scheduled to be held from January 17 to 22. Starting tomorrow, the event will mark a major milestone for Maruti Suzuki as the company enters the EV market with the launch of its first all-electric car - an electric model, the e-Vitara. Highlights of the meeting are summarized below. Ambition and market share in India’s SUV segment Maruti Suzuki has set an ambitious target to regain 50% market share in India's highly competitive SUV segment. The company recognizes that it is late to market and is actively pursuing this goal through strategic investments and innovative product launches. To support this growth, Maruti Suzuki plans to significantly increase annual production capacity to 4 million units. Also read: ICOTY 2025: Mahindra Thar Roxx named Indian Car of the Year; Maruti Suzuki…
New York City drivers turn to TikTok to share illegal dodging tips
When it comes to dodging the new congestion charge, erring drivers have come up with some imaginative but still illegal ways go through Sam D. Smith 8 hours ago New York City implements congestion pricing, which imposes a daily toll on drivers entering peak traffic areas. Official estimates put annual revenue at $500 million, but tax evasion and ghost cars may reduce revenue. Social media users share tips and tricks for avoiding fees using shortcuts and hidden equipment. New York City recently became the first city in the United States to impose a congestion toll on drivers entering its busiest areas, with the Metropolitan Transportation Authority (MTA) charging most drivers a $15 toll. However, things haven't gone as smoothly as authorities had hoped, and some drivers have come up with creative (and illegal) ways to dodge the toll. In fact, some people, eager to help others avoid paying their fair share of the congestion charge, have used social media to…
Gift-Giving Trends: Supplier Professionals Share What They’re Seeing in 2024 and
Listen to audio As conference professors and vendors prepare for the New Year's gift-giving, we spoke with several industry insiders to find out what 2024 will bring and what they think 2025 will bring. What suppliers see in 2024 personalization Laurie Amigo, Director of Brands, Events and Events at HALO Branded Solutions, told us, “2024 It’s the year of personalized gifts. Pop-up shops and curated gift programs are very popular year-round, but especially during the holidays. Some organizations will offer online pop-ups with gifts that can be picked up at the office or at an event. This allows the recipient enough time to choose a gift with the company logo, but allows the recipient to pick up the gift at a social event like a sales meeting or a holiday party. Today's workforce is divided into five generations, and one gift fits all. The era is over." Some ways to personalize gifts include: –Name personalization: Monogram, custom packaging or handwritten…
Electric vehicles account for more than 20% of the U.S. market share
Electric vehicles continue to grow in popularity, with hybrids leading the way. Electric vehicle market share climbed in the third quarter, with Tesla still dominating. Plug-in hybrids have lost slightly in market share, but Jeep is still king. The electric revolution has proven to be a slow evolution, but the trend toward electrification is undeniable. This is already evident today, with electric vehicles capturing 20.2% of the U.S. market share in the third quarter. var adpushup = window.adpushup = window.adpushup || {que:()}; adpushup.que.push(function() { if (adpushup.config.platform !== "DESKTOP"){ adpushup.triggerAd("0f7e3106 -c4d6-4db4-8135-c508879a76f8"); } else { adpushup.triggerAd("82503191-e1d1-435a-874f-9c78a2a54a2f"); Hybrid vehicles accounted for 9.8% of third-quarter sales, Cox Automotive said, citing data from Kelley Blue Book. This ratio was up from 8.1% a year ago, with Toyota unsurprisingly becoming the big winner with a 50% share. This is followed by Honda (19%) and Ford (11%). More: U.S. EV sales jump 5%, legacy brands offset Tesla losses Electric vehicles also grew, with market share climbing from…
Mary Barra says GM and Trump ‘share the same goals’
GM CEO acknowledges tariffs on Mexican and Canadian auto imports will have big impact, but says president and automaker share some common goals go through Chris Chilton December 14, 2024 16:00 General Motors Chief Executive Mary Barra described the automaker and incoming President Donald Trump as having "very aligned goals." The GM CEO said both sides want a strong economy and both understand the importance of jobs in the auto industry. Barra made the comments while acknowledging that Trump's proposed import tariffs could hit GM's business hard. General Motors Co. chief Mary Barra claimed this week that the automaker and President Donald Trump were "aligned" despite Trump's planned tariffs, but Barra acknowledged the potential impact on GM. The "very significant" impact on the car business has raised some eyebrows. "I think our goals are very aligned," the CEO told guests at an Automotive Press Association event on Wednesday, before explaining where the two usually opposing sides see eye-to-eye. RELATED: Trump's…
Can Europe really let China share its battery and technology secrets?
EU allegedly eyeing Chinese intellectual property in exchange for funding The EU is reportedly considering forcing Chinese companies to hand over intellectual property in exchange for subsidies. Nothing is set in stone yet, but the need may be part of a battery development program set to launch next month. The idea could deter Chinese companies from seeking incentives but could anger Beijing. In the past, if foreign automakers wanted to do business in China, they were effectively forced to form joint ventures with local manufacturers. Although this policy has changed over the years, it seems likely that the EU will attempt to implement a similar policy. According to the Financial Times, EU officials are planning to introduce new rules that would require Chinese companies to transfer intellectual property rights to European companies in exchange for subsidies. The policy, which will reportedly come into effect in December, will apply to battery development incentives worth €1 billion ($1.05 billion). More: Chinese battery…
Event leaders share their gratitude practices
Listen to audio I'm grateful every day that busy hospitality leaders take the time to share their secrets to success with the Smart Meetings community on the What's the One Thing? podcast. I've learned so much this year, from relationships to the power of persistence and what the next generation of event professors need to stay engaged. I asked these event thought leaders about their ways to be grateful during the holidays and throughout the year. Sure enough, they taught me new ways to appreciate the finer things and deliver the gravy of joy. Kate Patay, Vice President of Global Partnerships at Terramar and Chairman of the SEARCH Foundation I am so grateful to have a wonderful husband who supports me in all my endeavors, whether it be work or home remodeling. His love and support means the world to me. I'm grateful to work with such strong, creative people at a company that cares so much about us -…
Public Quarrel – Share Go Ola, goodbye. But the nonsense is big
Photo credit – Ashok Shrivastav. Ola Scooter Service Center – Before, After. Tweet win: Big headline! It started with a tweet. You responded. While the engagement generated by public brawls may be attractive to some, there is a distinct lack of accountability in these interactions. Especially if it's boring. Some people believe they are immune to criticism and can respond in ways that reflect the need to control the narrative. Defense and confrontation take precedence over accountability and transparency. This dynamic is a key issue in today’s social media landscape: the tendency to prioritize personal positions over meaningful, solution-oriented conversations. A simple response is Photo credit – Ashok Shrivastav. Ola Electrical Service Center Ola Electric stock falls: Not a pleasant ride In other news today, Ola Electric shares fell below Rs 90. to 89.55 rupees, a decrease of 8.38%. FADA reported that Ola Electric sales in September 2024 were 24,679 units. While common, certain arguments are a problematic dynamic in…
Mercedes-Benz S-Class ICE and EV to share body with BMW 7
Next-generation Mercedes S-Class to replace EQS with EV version with identical bodyMercedes-Benz plans to combine its flagship S-Class and EQS models under one brand, a strategic move aimed at harmonizing its electric and combustion engine lineups. The unification marks a major shift in the brand's strategy as it aims to achieve a balance between its traditional and electric vehicle offerings.The future of the S-Class: two versions, one nameMercedes-Benz's next flagship model will be available in both ICE and EV versions by 2030, CEO Ola Källenius has confirmed. The decision is a departure from earlier plans to phase out the combustion engine-powered S-Class in favor of the EQS, which launches as the brand's top electric sedan in 2021. Instead, Mercedes-Benz will retire the EQS name, continuing the S-Class tradition with two different powertrain options.Kallenius stressed that the ICE and EV versions of the future S-Class will adopt similar exterior and interior designs, in line with Mercedes' strategy to create a unified…
Tata Motors plans to capture 80% market share with ATLAS platform
Tata Motors has introduced the innovative ATLAS platform, a major change in its vehicle line-up. The new platform is designed to be extremely versatile and can accommodate vehicles of all sizes and styles. It supports vehicles ranging from 3.9 metres to 4.6 metres in length and can accommodate a wide range of wheelbases and widths. This means it can handle a wide range of body styles, including coupe SUVs like the Curvv, conventional SUVs, sedans and hatchbacks. Key features of the ATLAS platform 1. Enhanced security: The ATLAS platform is built with a strong focus on safety. Its continuous frame design ensures that impact forces are evenly distributed during a crash. By avoiding sudden changes in load paths, the platform is designed to provide more uniform and symmetrical performance during a crash, improving overall safety and reducing potential risk of injury. 2. Advanced Technology: The platform integrates the latest technologies, with advanced electrical architecture and cloud connectivity. It includes a…
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