Electric vehicles account for just 3 percent of global sales, investigation reveals

March 16, 2021

…As Japanese automakers drags in EV global migration   Mike Ochonma Business Editor   With major automakers transitioning to electric vehicles in line with the global automotive shift to electrified vehicles, currently, electric cars account for less than 3 percent of global sales.  Checks by BusinessAM indicates that, there are many reasons behind this. However, it […]

Mitsubishi Motors in the UK gets a top 10 ranking in latest NFDA Survey

Businessam StaffSeptember 21, 2018

Mitsubishi Motors

The latest NFDA (National Franchised Dealers Association) Dealer Attitude Survey, has ranked Mitsubishi Motors in the UK among top 10 vehicle manufacturers. Mitsubishi Motors was ranked 21 in the previous survey, but rose through the ranks to secure 10 position in the latest survey out of the 30 manufacturers. This also means that Mitsubishi Motors […]

GM recalls over 1m pickups, SUVs for power steering problem

Agency ReportSeptember 13, 2018

GM

General Motors (GM) is recalling more than a million big pickup trucks and SUVs in the U.S. because of power-assisted steering problems that have been cited in a number of accidents. GM says the power steering can fail momentarily during a voltage drop and suddenly return, mainly during low-speed turns. Such a failure increases the […]

Car production for UK market fall by 35% in July

Businessam StaffAugust 30, 2018

Car Production

As uncertainty about Brexit continue to mount, car production fell by 11% in the month of July with the number belt for UK market dropping by 35%, according to the Society of Motor Manufacturers and Traders. The SMMT reported that 121,051 units left vehicle production lines in July and said the significant drop was due […]

Volvo UK names Matt Galvin as new sales director

Businessam StaffAugust 14, 2018

Matt Galvin

Volvo has promoted Matt Galvin, former Head of Retails Sales as the new UK Sales Director,and also a member of the company’s Executive Management Group. Galvin’s latest position means he will oversee all of Volvo’s new and used car sales channels, as the company embarks on its next growth phase. He said: “This opportunity comes […]

Honda, GM to manufacture batteries for electric cars

Businessam StaffJune 7, 2018

Honda and General Motors Thursday announced a collaboration to manufacture “next-generation” battery technology for future electric cars. The new batteries are expected to have an advanced chemistry that allows for higher energy density, smaller packaging, and faster recharging. Though no timeline is specified, GM and Honda say that these batteries will “mainly” be used for […]

Jaguar Land Rover profits slide on shrinking diesel demand

Businessam StaffMay 23, 2018

Record sales at Jaguar Land Rover have failed to turn into higher profits as rising investment costs put the brakes on the car maker’s performance. On the 10th anniversary since its acquisition by India’s Tata, the Coventry-based company posted a 6pc rise in annual revenues to £25.8bn on the back of retail sales that rose […]