Category: vehicle

  • Tax Authority confirms higher vehicle tax rates for 2025

    In line with the Ministry of Finance’s previous announcement, the Israel Tax Authority officially announced today that the purchase tax rate on electric vehicles will be 45% as of January instead of the current rate of 35%. At the same time, the maximum limit to which the tax benefit will…

  • Why Enterprises Should Invest in Custom Vehicle GPS Tracking Software

    Efficient logistics management is the backbone of modern enterprises. However, a common challenge remains: tracking and optimizing fleet operations in real time. While off-the-shelf solutions may seem like an easy solution, they are customizable GPS vehicle tracking software Offers unparalleled advantages in meeting unique business needs. Challenges in logistics management…

  • UK vehicle traders and manufacturers want strong fiscal incentives from government

    High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates more risk and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience and risk tolerance. You may lose some or…

  • UK vehicle traders and manufacturers want strong fiscal incentives from government

    High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates more risk and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience and risk tolerance. You may lose some or…

  • Cornish Lithium mine granted special status to power UK’s electric vehicle ambitions

    Angela Rayner, the Secretary of State for Housing, Communities and Local Government, has backed plans to turn the disused Trelavor clay mine near St Austell into a major lithium mine, a move that could significantly boost the UK’s battery manufacturing capabilities. The site, operated by Cornish Lithium, is expected to…

  • Mexico’s commercial vehicle sales expected to hit record in 2024 By Reuters

    MEXICO CITY (Reuters) – Sales of commercial vehicles in Mexico could hit a record high this year, the Mexican automobile distributors’ association said on Wednesday. Why is this important? Mexico exported $593 billion worth of goods in 2023, most of which was transported overland using trucks or trailers. The flow…

  • Number plate shortage hits motor vehicle industry

    The shortage of number plates has affected the automotive industry, negatively impacting sales and cash flow for dealers. Traders who spoke to this publication say the supply crisis has been going on for three weeks, while the National Transport and Safety Authority (NTSA) remains reticent to address the issues. Dealers…

  • Gaussion secures £9.5 million to revolutionise electric vehicle battery charging

    The adoption of electric vehicles still faces a major hurdle: the time-consuming and often harmful process of charging batteries. However, Gaussion, a spin-out of University College London (UCL), has developed a pioneering solution that could transform the industry. By applying an external magnetic field during charge and discharge cycles, Gaussion…

  • New vehicle sales fall 12pc on tough operating environment

    New-car dealers suffered a double-digit decline in first-half sales for the second straight year, pointing to a tough operating environment marked by higher interest rates and taxes. Data from the Kenya Motor Industry Association (KMIA) showed companies including Isuzu East Africa, CFO Mobility Kenya and Simba Corp recorded a 12.27…

  • GM puts self-driving vehicle without steering wheel on hold By Reuters

    General Motors’ Cruise self-driving unit will focus development efforts on the next-generation Chevrolet Bolt instead of its planned future Origin, which will not have a steering wheel or other human controls, the U.S. automaker said. In 2022, GM applied to the National Highway Traffic Safety Administration for permission to deploy…

  • Honda to end vehicle production at one of its Thai auto plants By Reuters

    TOKYO (Reuters) – Honda The Japanese automaker said Tuesday it will stop vehicle production at its plant in Thailand’s Ayutthaya province by 2025 as it plans to consolidate production at the plant it operates in Prachinburi province. The move highlights the increasingly difficult conditions facing Japan’s second-largest automaker in the…

  • Vehicle supply building. Prices are going down. Is it time to buy a new car?

    Breadcrumbs Path Links PMN Retail & Marketing PMN Business BMW cars Article author: Canadian Press Ritika Dubey Posted on July 07, 2024 • Read for 4 minutes You can save this article by registering for free here. Or log in if you have an account. For the first time in…

  • Fossil fuel producers, corn growers sue to block new Biden vehicle emissions rule

    3alexd Biofuels groups joined oil and gas producers this week Prosecute They are seeking to block the Biden administration’s new tailpipe emissions standards that they say would effectively end the sale of new gas-powered vehicles by 2032. American Petroleum Institute The National Corn Growers Association, the American Farm Bureau Federation…

  • electric vehicle tariffs are a trap By Reuters

    Written by Joseph White and Christoph Stetz MUNICH (Reuters) – Stellantis (NYSE:) expects a big fight with Chinese rivals in the European electric vehicle market and expects serious consequences as a result, group CEO Carlos Tavares said on Wednesday. Tavares said tariffs on Chinese cars imported into Europe and the…

  • Chinese electric vehicle maker Zeekr soars in IPO debut (NYSE:ZK)

    Editorial jozzeppe/iStock via Getty Images Zeekr Intelligent Technology Holding (IPO) opened trading Friday at $26 after the Chinese electric vehicle maker priced its IPO at $21 per share. Male shares (New York Stock Exchange: ZK) zoomed to $29.20 before settlement behind. The initial surge in electric vehicle stocks pushed their…

  • Chinese electric vehicle maker Zeekr soars in IPO debut (NYSE:ZK)

    Editorial jozzeppe/iStock via Getty Images Zeekr Intelligent Technology Holding (IPO) opened trading Friday at $26 after the Chinese electric vehicle maker priced its IPO at $21 per share. Male shares (New York Stock Exchange: ZK) zoomed to $29.20 before settlement behind. The initial surge in electric vehicle stocks pushed their…

  • Car Industry Urges UK Government Action to Boost Waning Electric Vehicle Demand

    Car Industry Urges UK Government Action to Boost Waning Electric Vehicle Demand

    Carmakers are sounding the alarm about slowing demand for electric cars among private buyers in the UK, leading to urgent calls for government intervention to reignite interest in battery-powered cars. Although overall UK vehicle registrations increased by 1% year-on-year to 134,000 in April, driven by fleet sales, sales to private…

  • Rita Kavashe: Isuzu East Africa Managing Director on the growth of the vehicle leasing market

    Isuzu East Africa has seen a growing preference for leasing cars rather than buying. the The daily business I spoke to Isuzu Managing Director, Rita Kavashi, about what is driving this and what the market looks like against the backdrop of a weak shilling and rising interest rates. Car rental…