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Light Vehicle (LV) sales* in the US grew by 11.8% year-on-year (YoY) in November, to 1.37 million units, according to data released by the respected GlobalData consultancy.** November had one more selling day compared to November 2023. However, it was the strongest sales result since May of 2021 as the Biden Administration job-creating recovery continues.
“Despite some uncertainty over the longer-term outlook for the industry amid potential changes in policy, November sales delivered a strong performance. Volumes were reminiscent of pre-pandemic times, after several years in which the market has been subdued. Continue reading
Tavares Out. Stellantis Back into ACEA!
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A mere five days after Carlos Tavares* was ousted from the CEO job at Stellantis over his embrace of electric vehicles as the core of the global automaker’s strategy, Stellantis said it would rejoin the European Automobile Manufacturers’ Association** (aka ACEA at AutoInformed), the lobbying group of 15 major European automakers. Under Tavares, Stellantis resigned from ACEA, which has been advocating slow-walking fines for automakers that fail to meet intermediate carbon reduction targets set for 2025. Battery electric vehicles sales in the EU have been tanking this year.
“ACEA welcomes the application from Stellantis to rejoin the association. Given Europe’s unprecedented competitiveness crisis and collective need to master the challenges of the green transformation, it is more important than ever to stand united. ACEA members may be competitors on the market, but they all share the same goal: a competitive and sustainable transition to zero-emission mobility, in a Europe that can stand its ground globally. This we will continue working on with full drive and commitment,” stated Luca de Meo, ACEA President and CEO of Renault Group. Continue reading →