industry

Ministry Of Industry And Trade Pronounces Updating Record Of Luxurious Taxable Automobiles

Many of the modifications occurring within the automotive market right this moment, including tightened credit markets in a capital-intensive industry and elevated authorities involvement are the newest international challenges. By utilizing the Providers, you agree to these terms, the insurance policies in our Privateness Middle , and any group pointers and supplemental terms supplied to you for the Providers that you simply use (collectively, Phrases”). Please read the Phrases carefully, as they kind your total settlement with us. YOU UNDERSTAND AND AGREE THAT YOUR USE AND THE SUPPLY OF THE PROVIDERS INVOLVE THE GATHERING, STORAGE, PROCESSING, USE AND DISCLOSURE OF DATA AND USER INFORMATION, TOGETHER WITH THE TRANSFER OF KNOWLEDGE AND DATA TO OTHER CORPORATIONS AND TERRITORIES, AS STATED IN THE PRIVATENESS POLICY.

In 1892, German engineer Rudolf Diesel was granted a patent for a “New Rational Combustion Engine”. In 1897, he built the first diesel engine 1 Steam-, electric-, … Read More

Automotive Hall Of Fame Names Industry Influencer Awardees, Distinguished Service Citation

DEARBORN – Postponed from 2020, the annual Induction and Awards Ceremony for the Automotive Hall of Fame, the premier institution for collecting, celebrating and sharing the global motor vehicle industry’s history, will occur in July 22, 2021 and recognize two Distinguished Service Citation awardees and six Industry Influencer awardees.

2021 Distinguished Service Citation Awardees

The Distinguished Service Citation recognizes individuals who have had a significant positive impact on the industry or their respective organizations. This year’s awardees are being recognized for work in the automotive sector to meet two urgent and life-threatening global challenges – the COVID-19 pandemic response and support of anti-racism and inclusion.

Sir Lewis Hamilton, Professional Driver, Formula One
Hamilton’s talent and inspiring personality have made him a role model and ambassador for his profession. He holds several records, including the most Formula One wins, most wins with a single constructor, most consecutive points finishes, and most

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Fashion Industry

According to the Environmental Protection Agency, some 12.8M tons of clothing is sent to landfills yearly. Fast fashion brand Boohoo has seen vital results by investing in influencer advertising, saying that its income doubled after paying celebrities to promote its products on Instagram to 16- to 24-year-old followers. And low cost alternatives to high-fashion items stay hot client commodities. Even amid the retail slowdown — and the economic uncertainty of the Covid-19 pandemic — Zara’s proprietor reported over $23B in revenue in 2020, beating analyst estimates.

In response to the elevated mass-production of commodities clothes at decrease prices and international reach, sustainability has become an pressing issue amongst politicians, manufacturers, and shoppers. Larger apparel companies sometimes employ a team of designers headed by a artistic director. Some fashion designers concentrate on clothing, footwear, or accessory design; others create designs in all three fashion classes. Blockchain startup VeChain labored with fashion … Read More

CAR Event to Hit the Leading Topics in Remarketing Industry – vEvents


Douglas Campbell of Avis Budget Group and Jennifer Costabile GM are featured speakers at the 2021 CAR event, June 15-17 at Caesar's Las Vegas. - Photo: CAR

Douglas Campbell of Avis Budget Group and Jennifer Costabile GM are featured speakers at the 2021 CAR event, June 15-17 at Caesar’s Las Vegas.

Photo: CAR


This year’s Conference on Automotive Remarketing will mark a bigger notch in time than usual following the disruptions and changes brought by the global pandemic. This first CAR event in two years — in-person and livestreamed — will cover the many new emerging trends affecting the industry.

Among the most notable is the growth in electric vehicles in recent years, which is why this year’s keynote looks at the all-electric future. Jennifer Costabile, the general director of marketing, sales, operations and used vehicle activities for General Motors, will examine how EVs will change the mix of vehicles that GM remarkets at auction and what auctions and used-vehicle remarketers can do to better position themselves to leverage the growing market of used

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