Auto sales rise amid fall in production – Newspaper

KARACHI: The first quarter of FY21 ended on a contrasting note for auto sector, depicting a 2.7 per cent rise in car sales to 31,868 units while production fell by 24pc to 27,574.

However, September figures for production and sales of cars remained positive with 12,117 and 11,860 units versus 7,177 and 9,885 in August and 9,090 and 10,923 units in September 2019, respectively.

Honda Civic and City car volumes revived with an impressive 65pc jump to 6,483 units in 1QFY21 while Suzuki Bolan held second position with an increase of 59pc in sales to 1,758.

Suzuki Swift sales recovered by 20pc to 630 units, followed by 13pc hike in Suzuki WagonR sales to 2,460 units, figures released by Pakistan Automotive Manufacturers Association (Pama) revealed.

Suzuki Alto emerged as one of the main losers in the 1QFY21, posting a massive drop of 41pc to 7,651 units, while Toyota Corolla sales

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Tesla ’10 years ahead’ of competition, says auto-manufacturing expert

  • Tesla’s manufacturing has improved by large magnitudes from the days of “production hell,” one expert says. 
  • Sandy Munro, one of the foremost experts on vehicle teardowns and cost analysis, says the Model Y is the first electric vehicle he’s ever recommended. 
  • The company improves because it constantly evolves its design, something that’s helped it get a decade up on the competition, Munro said in an interview. 
  • Visit Business Insider’s homepage for more stories.

It’s been years since Elon Musk was famously sleeping at Tesla’s factory amid “production hell.”

And in the time since, things have improved so much that Tesla is now a full decade ahead of the competition, according to one manufacturing expert.

“I don’t think they really quite understood or grasped the concept of making cars at production speeds,” Sandy Munro, well-known for his cost analysis teardowns of cars, told a conference hosted by Bernstein last week.

But

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Echo Auto is on sale for just $20

All products featured here are independently selected by our editors and writers.If you buy something through links on our site, Mashable may earn an affiliate commission.
The Echo Auto comes with six months of Amazon music Unlimited.
The Echo Auto comes with six months of Amazon music Unlimited.

Image: amazon

Save $30: Early Prime Day deal: the Amazon Echo Auto is on sale at Amazon for $19.99 as of Oct. 12. 


Just about everyone has Alexa (or Google) speaking to them in their homes. But how about the second place where we spend most of our time? Bring Alexa to your car with an Echo Auto for just $19.99, a $30 savings right before Prime Day starts tomorrow. 

The Echo Auto is designed to be on the road. It comes with vent mounts and plays through your car’s speakers via Bluetooth or auxiliary input. You can ask it to set reminders or alarms

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4 Auto Stocks to Pick Ahead of Q3 Earnings as Industry Revs Up

The third-quarter reporting cycle is finally here. PACCAR Inc. PCAR is set to kick off the earnings season for the Auto-Tires-Trucks sector next week.

Per the Oct 9 Earnings Preview, the auto sector’s earnings tanked 123.5% on a 49.7% revenue slump during the second quarter. However, things seem to be gradually looking up for the sector. While earnings and revenues are expected to have declined in the September-end quarter as well, these declines are likely to be less severe. In the third quarter, overall earnings and revenues for the sector are projected to fall 35.1% and 4.8%, year over year.

Dismal Q2 Performance

The coronavirus outbreak hit the auto industry hard in the latter half of the first quarter and the second quarter. The pandemic hurt the industry significantly amid factory closures, low footfall at dealerships and supply-chain distortions. Depressed demand of vehicles amid waning consumer confidence has dented the

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Auto Stock Roundup: GPI’s Stellar Preliminary Results, THO’s Payout Hike & More

Amid the changing dynamics of the auto industry and technological advancements, carmakers are fast shifting gears to electric and driverless vehicles. To this end, auto biggies like Toyota, Daimler and Ford made important announcements last week. Japan-based auto giant Toyota and Hino teamed up to make electric fuel cell trucks for the North American market. German automaker Daimler promised four new electric vehicle (EV) models off its large Electric Vehicle Architecture, starting from next year. U.S. auto biggie Ford revealed that it holds a stake in newly public company, Velodyne Lidar, in a bid to broaden its self-driving vehicle technology portfolio.

(Read the Last Auto Stock Roundup here)

Recap of the Week’s Most Important Stories

Toyota TM announced the decision to manufacture a heavy duty Class 8 hydrogen fuel cell electric truck for the North American market in collaboration with its subsidiary, Hino Motor Co, a Japan-based commercial vehicle manufacturer.

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Best Prime Day 2020 Amazon Echo deals: Show 5, Echo Auto and Echo Dot for Kids get big discounts

This story is part of Amazon Prime Day, CNET’s guide on everything you need to know and how to make sure you get the best deal.

Get ready, shoppers. Amazon Prime Day kicks off in just three days! For this year’s Prime Day, you’ll have a 48-hour window to take advantage of deep discounts on Oct. 13 and 14. Amazon has already come out with a series of Prime Day countdown deals, and rivals like Best BuyWalmart and Target have announced price cuts during the same window of time. But the best deals to be had will arrive on the official days themselves. Amazon has already announced some killer deals for Prime Day itself, like a $19 Echo Dot and a $65 Echo Show 8, but a few devices are already seeing their biggest discounts ever. We’ll keep updating this story as more deals become available.

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Prime Day 2020 deals available right now: $25 Blink Mini, $20 Echo Auto, $300 Toshiba 55-inch TV

This story is part of Amazon Prime Day, CNET’s guide on everything you need to know and how to make sure you get the best deal.

Amazon Prime Day 2020 officially launches in just a few days. Unofficially, though? The long-awaited sales event is happening right now, as Amazon has been trotting out early deals since last week. The two-day shopping event, which is essentially Amazon’s version of Black Friday, kicks off at midnight PT on Oct. 13 and runs through Oct. 14. But some deep discounts on popular products, including TVs, phones, and other devices, have already debuted. You can also check out our preview of what’s coming next week.

I’ve got to say, there are some solid deals queued up, with some products (including those in the Amazon product arena) marked down to their lowest prices ever. A few notable highlights:

  • Echo
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Tesla will struggle to make $25,000 car compelling, says auto expert

  • Elon Musk said last month that Tesla will sell a $25,000 car “about three years from now.” 
  • The company has long worked to bring down its prices, and announced multiple innovations to help it get there at its “Battery Day” presentation last month. 
  • But those innovations may not be enough to create a vehicle customers are still willing to pay for, says auto manufacturing expert Sandy Munro. 
  • Visit Business Insider’s homepage for more stories.

Elon Musk had plenty of innovations to show off at Tesla’s Battery Day in September.

Advancements in battery design, chemistry, and even manufacturing processes should help the company bring down costs while producing more total power output and increasing factory efficiency. Coupled with factory automation improvements from the days of “production hell” and the infamous tent, Tesla should be able to produce a car that sells for $25,000 in around three years, Musk said.

It would

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Analyst Predicts ‘Initially Negative Reaction’ In Auto Stocks If Democrats Sweep Election

The U.S. presidential election is less than a month away, and it will likely be a major catalyst for the stock market no matter how the votes end up falling. On Friday, Bank of America auto analyst John Murphy took a deep look into how the election could impact the U.S. auto industry.



a car parked on the side of a mountain


© Provided by Benzinga


Key Election Issues: Murphy said there are five key policy issues at stake in November that could have a major impact on auto stocks:

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Environmental standards. Tax code. Trade relationships. The healthcare system. Consumer finance protection.

In general, Murphy said a Joe Biden victory would bring more policy predictability and stability to the auto industry. However, he said the potential for stricter emission regulations and consumer protections would likely make a Biden victory a net negative for auto stocks from a policy perspective.

At the same time, Murphy said a Donald

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Best Prime Day 2020 Echo deals: Show 5, Echo Auto and Echo Dot for Kids see big discounts

This story is part of Amazon Prime Day, CNET’s guide on everything you need to know and how to make sure you get the best deal.

Amazon Prime Day is quickly approaching, and this year you’ll have a 48-hour window to take advantage of these deals on Oct. 13 and 14. Amazon has already begun a series of Prime Day countdown deals, and competitors like Best BuyWalmart and Target have confirmed discounts during the same window of time, but we can expect the best price cuts to happen on the days themselves. Amazon has already announced some killer deals for Prime Day itself, like a $19 Echo Dot and a $65 Echo Show 8, but a few devices are already seeing their biggest discounts ever. We’ll keep this story updated with the latest deals.

Best smart speaker and display Prime Day deals so far

Tyler Lizenby/CNET

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