Topic
automotive industry
Manufacturing Convertible Car Sales Plummet 90% as SUVs Dominate European Market
Sales of new convertible cars in the UK have fallen by nearly 90% over the past 20 years, from 109,171 in 2005 to just 11,484 last year, according to the Society of Motor Manufacturers and Traders. The decline coincides with the rise of SUVs, which accounted for 59% of European car sales in 2024. Industry experts cite higher manufacturing costs and shifting consumer preferences toward practicality.
Business India's Passenger Vehicle Market Surges 23% Amid Global Uncertainties
India's passenger vehicle market experienced a 23% year-on-year growth in May, with sales reaching nearly 4.4 lakh units. This surge reflects robust consumer demand and a thriving manufacturing ecosystem, as highlighted by Commerce and Industry Minister Piyush Goyal.
Manufacturing Ford Recalls 420,000 Vehicles Over Seat Belt Defect
Ford Motor Co. is recalling nearly 420,000 vehicles in the US due to a seat belt defect that increases injury risk. The recall affects Ford Expedition and Lincoln Navigator models from 2018 to 2022.
Manufacturing Indian Car Sales Surge Despite Economic Challenges
In May 2026, the Indian passenger vehicle industry demonstrated resilience, with major automakers like Maruti Suzuki and Tata Motors achieving significant growth despite economic challenges. The industry's performance underscores robust consumer demand.