World’s Largest Automakers 10/24: Eco mode.

 

With only two more months to go for the year, World’s Largest Automakers continue to hover slightly below last year’s level.

Down 3.9% for the year, Toyota Group improved its last month showing (-4.4%) by a few basis points. Toyota cites “severe market conditions” in China, and the impact of recalls in North America. Toyota Group is still poised to finish the year with more than 10 mln. units sold.

No-show Volkswagen decided to release sales data only on a quarterly basis.

Down only 1.4% YOY, Hyundai Group is the healthiest of the Top 3.

Caveat: All sales data as reported by the respective automaker. Note that “sales” can be an elastic term, some OEMs report hard registrations, some “sales to wholesale,” which can mean cars placed on dealer lots, or transferred to the OEM’s sales organization. Methods may differ from region to region. Some report “deliveries,” which can be nothing more than cars moved out of the factory door.

 

Wednesday Morning Auto News, Nov 27, 2024: Hyundai to recall over 226.000. BYD asks suppliers to cut prices. VW to sell controversial Xinjiang plant. More.

 

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Tuesday Morning Auto News, Nov 26, 2024: Tesla faces testing time in China. Wobbly Rivian gets $6.6bln loan. CA locks out Tesla from EV credit. Toxic Gigafactory. More.

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Monday Morning Auto News, Nov 25, 2024: Tesla racks up pollution violations. New-gen blade batteries by BYD. China goes through Musk to Trump. More.

Monday Morning Auto News, Aug 05, 2024

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Friday Morning Auto News, Nov 22, 2024: Automakers pitch bigger EVs, urge Trump to preserve EV tax credits. MTG to chair DOGE panel. More.

For the rest of this week, the Morning Auto News are filed from a tropical island. Please excuse the inherently erratic schedule, and the possible absence of a few posts as we hang loose.

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