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🚨 European Automakers Call For “Urgent Relief” As E-Cars Sales Plummet By Almost 45%

• The European automotive industry is facing a critical moment.

• In August 2024, EV deliveries in the EU tumbled by a staggering 43.9%, with Germany, the largest car market, witnessing a 68.8% drop in demand. ⁠

• The European Automobile Manufacturers' Association (ACEA) is sounding the alarm, urging EU institutions to provide swift relief measures before stringent CO2 emission targets take effect in 2025.

• Without immediate action, automakers could face billions of euros in fines or be forced to slash production by around 2 million cars.⁠

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🎉 It's Official: McLaren's New Hypercar Is Coming Soon

• It's been more than a decade since McLaren P1 production began, and it might be time for a successor.

• McLaren just put up a video about its "1" cars, the F1 and P1, with various employees from the brand talking about what makes them so special.

• At the end of the video, a date and time flash up on the screen (image): October 6th, 1:00 PM British Summer Time (or, 8:00 AM Eastern Time). Will we see a P1 successor then? We'll definitely get something, even if it's just a teaser. 

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⛔ Mercedes Might Stop Producing All SUV Coupes

• Mercedes-Benz is undergoing significant restructuring under CEO Ola Källenius, with a focus on profitability rather than sheer sales volume.

• This includes cutting certain models, especially those with lower margins. There are rumors that some SUV coupés, specifically the GLC and GLE Coupé models, could be discontinued as part of a broader cost-saving strategy.

• The company aims to streamline its lineup by prioritizing high-margin luxury vehicles, potentially at the expense of less profitable models in both the compact and SUV segments​.

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📉 Mercedes Faces Disaster in China: Can Källenius Save the Star from Crashing?

• Mercedes-Benz faces significant pressure in China as the company's sales decline in one of its most important markets

• The rise of electric vehicles, heavily supported by Chinese government incentives, has led to a sharp drop in combustion engine car sales. This shift poses a serious challenge for Mercedes, as its electric vehicle lineup is struggling to compete with local Chinese brands, which are seen as more technologically advanced and affordable.

• In the first half of 2024, Mercedes-Benz saw a 10% drop in car sales in China compared to the previous year, selling 352,000 units.

• The Chinese market is crucial for Mercedes, as it represents about a third of its global car sales. Competing with local EV manufacturers, who enjoy a 35% cost advantage due to cheaper production, is becoming increasingly difficult​

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🤔 Mansory Has Done Its Thing To The Ferrari Purosangue

• Mansory just unveiled the Pugnator, its take on the Italian sports car maker’s first SUV, at this year’s Monaco Yacht Show.

• If you’re familiar with the 35-year-old Mansory’s work, nothing about the Pugnator should come as a surprise. The shop likes to take an already bold vehicle and push its design to the extreme.

• If you want to buy the Pugnator, you may want to reach out to Mansory soon. The shop plans to build just 7 examples of its latest build. No price has been announced, but we expect it’ll go for well north of the Purosangue’s $400,000 starting price.