Tesla fell behind Toyota and Mercedes-Benz in “brand value,” a metric calculated by research and consulting firm Brand Finance. This metric appears to consider more of Tesla’s real-world performance and less of what the automaker has promised for the future. Its recommendation and consideration scores also fell sharply due to a lack of new models and CEO Elon Musk’s culture wars. Tesla’s trillion-dollar stock market valuation may feel like a badge of honor for fans and investors. Still, that figure is more a reflection of its artificial intelligence and robotics ambitions. A different metric tells a far less glamorous story. The automaker’s brand value has nosedived for consecutive years, falling to $43 billion at the start of this year compared to $58.3 billion a year ago, CNBC reported, citing data from
Tag Archives: AutomotiveIndustry
Jan
Electric vehicle registrations were down last year in Europe. Tesla, the largest solo player in the EV game, took a hard hit. The American automaker’s registration numbers fell by over 10%. There’s no getting around the fact that electric vehicle registrations went down last year in Europe. Depending on how many countries you take into consideration, EV registrations dipped between 1.3% and 5.9% in 2024 compared to 2023. That’s a stark difference to the United States and China, where EV sales were on the rise last year, so what’s going on in Europe? Let’s look at the numbers and try to figure out what happened. According to the European Automobile Manufacturers’ Association (ACEA), customers in the European Union registered 1,447,934 EVs last year, down 5.9% compared to 2023’s 1,538,106 cars.
CMC Motors Group is renowned for its New Holland brands. Photo: CMC Motors Group. Source: Facebook
Jan
CMC Motors Group has quit the Kenyan, Ugandan and Tanzanian markets, citing economic challenges, including high operating costs The company is one of the largest car assemblers in Kenya and has been offering agricultural and mechanical solutions to farmers It reaffirmed its dedication to helping staff members through the changeover and ensuring a smooth transition TUKO.co.ke journalist Japhet Ruto has over eight years of experience in financial, business, and technology reporting and offers profound insights into Kenyan and global economic trends. CMC Motors Group is closing its operations in Kenya, Tanzania, and Uganda after forty years in East Africa’s automotive and agricultural industries, leaving hundreds of its workers facing an uncertain future. CMC Motors Group is renowned for its New Holland brands. Photo: CMC Motors Group.Source: Facebook Why CMC Motors