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This article first appeared in the February 2023 Automotive Special Issue of MetalForming magazine (www.metalformingmagazine.com), and is reprinted here with permission granted by the Precision Metalforming Association. You’ve probably seen references to 3rd Gen steels—implying that there are 1st and 2nd Gen steels as well. This article explores their similarities, differences and evolution. The automotive […]
Kenyan automotive marketplace Peach Cars is announcing its $5 million seed round led by Japan-based The University of Tokyo Edge Capital Partners (UTEC) and other angel investors, including Shintaro Yamada (founder and CEO of Mercari), Peter Kenevan (VP, Head of Japan at PayPal), and Hiroaki Ohta (general partner at Japan’s Waseda University Ventures). The startup, […]
col branding The average interest rate charged by mortgage lenders is now much higher than many homeowners have been used to. So what can those struggling to make repayments do – and how must their mortgage providers help out? How have tracker, variable and fixed mortgages changed? There are different types of mortgages – all […]
Introduction In the quest for improved competitiveness, industries are constantly seeking effective methods to reduce costs and time in their manufacturing processes and operations. To achieve this goal, many companies are adopting unconventional and more competitive production methods. Against this backdrop, Tecumseh do Brasil, in collaboration with AutoForm and TechnNova, seeks to conduct a feasibility […]
Used car sales grew by just over 4 per cent in the first three months of 2023, following three consecutive quarters of falling sales, but there’s little sign yet of high prices easing as more cars change hands. According to the latest figures from the Society of Motor Manufacturers and Traders (SMMT) a total of […]
The southeastern used-vehicle dealership chain US Auto Sales has closed its 39 locations indefinitely, the company’s website stated Tuesday. “We have temporarily closed our dealerships and are working on a solution to re-open them as soon as possible,” a pop-up on usautosales.info said late Tuesday morning. “But don’t worry, we aren’t going anywhere!” The group, […]
Used-car retailer CarMax is continuing to fight against a consumer market that was destabilized during the pandemic and has yet to reach equilibrium, mirrored by high prices and slower sales activity. The company told investors Tuesday that it would continue to weather the storm and that it has been pushing to increase sales activity with […]
The average used car in America sold for $26,068 in February – down 1.7% from January’s price. Both new and used car prices decreased during the month – great news for a driving public who had grown accustomed to soaring prices for all kinds of cars. However, the good news in the used car market […]
The best used cars under $15,000 include the Ford C-Max, Toyota Prius C, and Nissan Murano.Ford You used to be able to pick up a decent used car for just a few thousand dollars. Inventory issues in the auto industry and stubbornly high car prices mean those days are over. A used-car lot.Justin Sullivan/Getty Images […]
