Tag: qualifying session

The automotive industry in the US is facing a challenge: overflowing inventory. To address this, car manufacturers are taking a strategic pause in production or ramping up incentives to clear out stock before the new year rolls in.

The German automotive industry faces a challenging future if it continues to import vehicles into the US market. With potential tax hikes on the horizon, these imports could result in diminished profits and a loss of market share for these prestigious car manufacturers.

The Geely Group is reportedly planning a strategic restructuring move by merging two of its brands, Lynk & Co and Zeekr. This bold initiative aims to consolidate resources and focus on the development and production of new energy vehicles. By bringing together these two brands, Geely is poised to create a powerful entity that will drive innovation and accelerate its presence in the rapidly evolving new energy automotive industry.