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Wärtsilä Reports Strong Growth in 2024
Natasa Mulahalilovic Wärtsilä, a marine and energy technology provider, saw a 34% increase in Q4 2024 order intake and 14% growth for the full year. Q4 orders reached EUR 2,491 million, with net sales up 13% to EUR 1,854 million.
The full-year order intake was EUR 8,072 million, with net sales growing 7% to EUR 6,449 million. The order book rose 25% to EUR 8,366 million.
CEO Håkan Agnevall highlighted record highs in order intake, operating results, and cash flow, noting significant profitability improvements. Despite geopolitical uncertainties, demand for decarbonization solutions has remained strong.
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Toyota Major Auto Funder of Climate Deniers?
Guy Youngs Toyota has been revealed to be the largest auto industry funder of climate deniers in US Congress, according to a report released today by Public Citizen.
Toyota sells more gas-powered, polluting vehicles than any other company on Earth, and thus it has a vested interest in continuing to sell those polluting vehicles. But the problem is that gas-powered, polluting vehicles are not good for the health of humans or other living beings on this planet
Toyota has repeatedly ranked as one of the…
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Infrastructure Spending Seen Boosting CV Demand
Aditya Kondejkar “Looking ahead, we expect the gradual increase in infrastructure spending to boost consumption and improve demand, a revival across most CV segments, particularly in buses and vans, which are set to outperform last year’s levels. Intermediate, light and medium commercial vehicles (ILMCVs) are also likely to record similar or improved growth compared to fiscal year 2024.” – Girish Wagh, executive director at Tata Motors
Source: AutocarPro Read The Article
Market Dynamics and Growth Segments
The CV industry is set to benefit from the government’s pro-growth policies, particularly in infrastructure. The increased Capex outlay of US$115.5 billion ( ₹10 trillion) in the Union Budget 2023-24 is driving growth in sectors such as steel, cement, mining, and construction, which are key consumers of CVs. -
Outboard Engine Market Forecast: USD 19 Billion
GLOBAL REPORT
The global outboard engines market size was $10.58B in 2023 and is anticipated to reach $19.13B by 2034, growing at a CAGR of 5.53% from 2024 to 2034, according to Power Systems Research (PSR).
Source: Power Systems Research
Summary. The outboard engines market produces, sells, and distributes outboard motors. These engines are independent propulsion units positioned externally on a boat’s transom instead of being integrated within the hull. These engines, which are used to power a variety of watercraft, such as boats, dinghies, pontoons, and fishing vessels, usually consist of a powerhead, gearbox, and propeller.
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Nebraska AG Sues Truck Makers Over CARB
NORTH AMERICA REPORT
Chris Fisher Nebraska Attorney General Mike Hilgers has filed an antitrust lawsuit against some of the nation’s largest heavy-duty truck manufacturers alleging a plot to stifle the availability of internal-combustion semi-trucks in favor of electric ones.
In the lawsuit filed Nov. 19, Hilgers said California and the California Air Resources Board have “recently embarked on a mission to eliminate the [internal combustion engine] vehicle and mandate the electrification of our nation’s vehicle fleet.”
While other lawsuits have been filed against California and CARB attempting to halt or slow down the regulations, including one led by Hilgers to block CARB’s Advanced Clean Fleets regulation, Hilgers’ new lawsuit targets manufacturers themselves, including Daimler Truck North America (DTNA), International Motors, Paccar, Volvo Group North America, and the Truck & Engine Manufacturers Association.
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2023 Global PWC Market Estimated at US$2.5 Billion
The Personal Watercraft/Jet-ski Market size was valued at USD 2.544 billion in 2023, according to Power Systems Research, and is estimated to register a CAGR of 5.44% between 2024 and 2032.
Market Trends. Manufacturers are investing in developing PWCs made of environmentally friendly materials and e-powered personal watercraft that are cleaner and more efficient.
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