CarMarket

Mercedes-Benz Announces Strategic Cost-Cutting Measures Amidst 2025 Earnings Downward Revision

2 days ago

In a bold move reflecting the challenges within the automotive sector, Mercedes-Benz has unveiled a series of strategic cost-cutting initiatives aimed at enhancing operational efficiency. The luxury car manufacturer has proactively adjusted its earnings forecast for 2025, expecting a significant decline in profits as market pressures continue to mount.

French Car Market Experiences Decline: Stellantis Takes a Hit in January Registrations

21 days ago

France's automotive landscape revealed troubling figures for January 2025, as car registrations witnessed a significant downturn, plummeting by 6.2% compared to the same month in the previous year. This downturn has considerable implications for the industry, with Stellantis notably facing substantial challenges in maintaining its sales momentum.

India's Love Affair with Gas Guzzlers Faces Challenge as Electric Vehicles Become More Affordable

1 month ago

As electric vehicle (EV) prices continue to plummet, India is on the brink of a significant automotive transition that could reshape its transportation landscape. Traditionally known for its preference for gasoline-powered vehicles, this burgeoning market is starting to experience an upswing in the adoption of electric cars. The decline in EV prices is primarily attributed to advancements in battery technology, increased production capabilities, and government incentives aimed at promoting greener alternatives.

Lucid Motors Misses Estimates: Quarterly Production Decline Raises Concern

5 months ago

Lucid Motors, the acclaimed electric vehicle (EV) manufacturer known for its luxurious and technologically advanced cars, has reported a decline in its quarterly production numbers, failing to meet analysts' projections. The company’s latest figures, released in their earnings report, raised eyebrows across the industry as expectations for growth in the burgeoning EV market remain high.

Chinese EV Sales in Europe Plummet to Lowest Levels in Over a Year

5 months ago

According to recent industry data, sales of electric vehicles from Chinese manufacturers BYD and SAIC have dropped to their lowest in more than a year in the European market. The precipitous fall in sales constitutes a severe setback for China's aspirations to dominate the global electric vehicle market, particularly in Europe, where local players draw their levers ever tighter.