Automotive OTA Market Poised to Reach US$ 17 Billion by 2031
The global automotive over-the-air (OTA) market is expected to reach a substantial US$ 17 billion by 2031, experiencing a robust…
Auto Industry Shifts Focus from Sustainability to Geopolitical Risk in Sourcing Decisions
According to a survey of over 1,000 executives, automakers and suppliers are deprioritizing sustainability initiatives in their sourcing policies, shifting…
BMW Anticipates Increased Sales in China for 2023
BMW (BMWG.DE) is optimistic about achieving higher car sales in China this year, despite a localized price competition within the…
VinFast Emerges as Third-Largest Global Automaker with Skyrocketing Market Cap
Vietnam's pioneering electric vehicle (EV) manufacturer, VinFast, has catapulted to become the world's third-largest automaker by market capitalization, following the…
China’s BYD Accelerates Mobility Ambitions with $2.2 Billion Acquisition of Jabil’s Unit
In a significant development, Chinese electric vehicle manufacturer BYD has sealed a deal to acquire the mobility business of Jabil's…
Hyundai Strengthens Presence in India’s Auto Market with Acquisition of GM’s Plant
In a strategic move aimed at bolstering its position in the Indian automobile market, Hyundai has acquired General Motors' car…
Ford Maintains Dominance as America’s Top-Selling Automaker
In the highly competitive automotive market, Ford proudly upholds its position as the leading brand in the United States, securing…
The Global Car Lease Market to grow at a rate of 6.10% CAGR
A market value of USD 531.24 million was projected for the global car leasing industry in 2021. The market is…
High demand for EV cars in the export market.
South Korea's auto exports rose nearly 50% year-on-year in February, hitting a record high on strong demand for eco-friendly cars,…