#Automotive Finance Market
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The Investment Potential of Youngtimer Cars Explained
Introduction In the ever-evolving landscape of the automotive world, youngtimer cars have emerged as a captivating niche, enticing collectors and enthusiasts alike. Typically categorized as vehicles between 15 and 30 years old, youngtimers offer a unique mix of nostalgia, performance, and investment potential. This post will delve deeper into the world of youngtimer cars, explore their market…
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Automotive Finance Market: Key Insights, Drivers, and Competitive Landscape
The global automotive finance market size is expected to reach USD 451.71 billion by 2030, registering a CAGR of 7.3% from 2023 to 2030, according to a new report by Grand View Research, Inc. Growing global demand for autonomous cars is expected to drive the market growth. Increasing government regulations on rising road safety are creating the need for autonomous cars with highly advanced technologies worldwide.
The investment made in the automotive finance industry is also creating new opportunities for market growth. For instance, in January 2021, MotoRefi, an automotive refinancing company, announced that it raised USD 10.0 million in a round that Moderna Ventures led. The company uses this funding to hire more employees and expand its offerings.
Various auto car manufacturers are entering into a partnership with automotive finance providers to enhance their customer experience. For instance, in March 2022, CIG Motors, a GAC brand distributor, announced its collaboration with Polaris Bank Limited. By means of this partnership, the former company aims to make vehicle ownership and acquisition easy for Nigerians through the Easy Buy scheme.
COVID-19 had a negative impact on the market growth in 2021. However, the global auto manufacturers, lenders, and dealers have got adjusted to the current COVID-19 situation. For instance, the automotive manufacturers incentivized their new car sales to grow their sales amid COVID-19. These efforts taken by the automakers are expected to improve the demand for automotive finance during the forecast period.
Automotive Finance Market Report Highlights
The banks segment is expected to dominate the market growth during the forecast period as banks offer secure financing to their customers. Banks also offer customers the facility to apply for pre-approval. This facility helps customers in comparing estimated loan offers
The direct segment is expected to dominate the market growth during the forecast period. Numerous customers across the globe prefer direct auto loans as they can easily access and get loans from the credit unions, banks, and other loan lending companies
The leasing segment is expected to register the highest CAGR during the forecast period. Customers are focusing on adopting the leasing model as it is a more flexible model in comparison to others for new, shared, and used vehicles that could comprise services such as insurance
The passenger segment dominated the market in 2022 and is expected to show similar trends during the forecast period. The number of passenger vehicles including pickup trucks and others on the road, continues to rise across the globe, thereby creating growth opportunities for the passenger vehicles segment during the forecast period
The presence of many prominent automotive finance providers in the European region and the adoption of innovative tools, such as biometrics, e-contracts, and machine learning, is expected to drive the regional market growth during the forecast period
Segments Covered in the Report
The report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global Automotive Finance Market Report based on the provider type, finance type, purpose type, vehicle type, and region.
Provider Type Outlook (Revenue, USD Billion, 2017 - 2030)
Banks
OEMs
Other Financial Institutions
Finance Type Outlook (Revenue, USD Billion, 2017 - 2030)
Direct
Indirect
Purpose Type Outlook (Revenue, USD Billion, 2017 - 2030)
Loan
Leasing
Others
Vehicle Type Outlook (Revenue, USD Billion, 2017 - 2030)
Commercial Vehicles
Passenger Vehicles
Regional Outlook (Revenue, USD Billion, 2017 - 2030)
North America
US
Canada
Europe
Germany
UK
Asia Pacific
China
India
Japan
Latin America
Brazil
Middle East & Africa
Order a free sample PDF of the Automotive Finance Market Intelligence Study, published by Grand View Research.
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Mahindra & Mahindra’s exceptional Q2 performance reflects a robust and resilient business strategy, marked by strong automotive segment growth, operational efficiency, and the ability to surpass market expectations. The company’s focus on innovation and market leadership in key segments positions it as a key player in the dynamic automotive industry.
#finance#business#stock market#stock maket news#bse#bseindia#nseindia#bsesensex#nse#nsenifty#mahindra#automobile#automotive
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Automotive Defroster Market Forecast 2024 to 2032
An automotive defroster is a system in vehicles designed to clear or prevent the accumulation of frost, ice, or condensation on the windshield and windows, primarily during cold weather conditions. It enhances visibility for the driver and passenger by ensuring that the glass surfaces remain clear and free from obstruction. Defrosters are crucial for safe driving since fogged or icy windows can significantly impair the driver's ability to see the road and surroundings.
The Automotive Defroster Market is expected to register a significant revenue CAGR over the forecast period.
Key factors such as government mandates for installing defrosting systems in vehicles, rising investments in developing advanced defroster systems, and increasing consumer awareness about importance of clear visibility while driving are expected to drive global market growth during the forecast period.
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Automotive Defroster Market Key Company Eberspaecher Mikuni Climate Control Systems (Japan) Heatlab (Japan) Kyushu Nippon Kouatsu Electric (Japan) MG-Mold (Japan) SHOKI (Japan) Tata AutoComp Systems (India)
Automotive Defroster Market Segmentation (by Type) Primary Defogger Secondary Defogger
Automotive Defroster Market Segmentation (by Application) Passenger Cars Commercial Vehicles
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Malaysia Automotive Finance market is expected to grow at 3% By 2026: Ken Research
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The Malaysian automotive industry is the third largest in Southeast Asia, and the 23rd largest in the world, with an annual production output of over 500,000 vehicles. The automotive industry contributes 4% to Malaysia's GDP.
Story outline
Increasing middle-class population with higher disposable income drives automotive finance industry
Malaysia's number of vehicle finance population reached~ 33.3 million, emphasizing the importance of personal transportation.
Affordable car ownership facilitated by low interest rates stimulates market demand in Malaysia.
1.Rising population of middle class in Malaysia
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Malaysia having the total no. of population is around~ 32.2 million in year 2022 , with the growth rate of 1.09% rising population every year.
The group of people belongs to Middle class is about 40% in malaysia , earning the average salary of about between RM 4,851 to RM 10,970 ( 1,485 dollars ) per month.
As per the expansion of the population in the country , the need for transportation has resulted in high demand for vehicles. And Malaysians' rising income levels have improved their spending power, driving up demand for cars. As a result, people seek financial aid to buy automobiles and realize their dream of owning a car, which in turn increases demand for automotive loans.
2.Growing no. of vehicles in Malaysia automotive industry
There are now more vehicles on the road than humans in Malaysia, with the growth rate of outpacing human population for the first time.
In Malaysia, the number of vehicles on roads grow from 15.2 million in 2019 to 17.3 million in 2021. With having the current population of 32.2mn, in Malaysia the number of the vehicle on roads grows up to by one million every year.
The automotive sales market in Malaysia, with its approximately 33 million inhabitants. Surprisingly, the Malaysian automotive market grew by more than 40 percent this year after it had declined for two years in a row due to the COVID-19 pandemic. However, it is unlikely that Malaysia would take over the other two ASEAN countries with much larger automotive markets.
With the growing demand for car, the auto finance market is expected to grow in the future.
3.Low interest rate on purchasing car in Malaysia
As Malaysia witness the rapid growth in the rise of middle class population in the country and increasing no. of vehicle in the country leads to the low interest rate for purchasing the car in the country.
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According to KEN RESEARCH , Malaysia Auto-finance Market is estimated to grow at a positive CAGR of ~3% in next 5 year, due to increasing demand for car and rising middle class population.
4.Government Support and Initiatives in automotive industry
The automotive industry contributes just 4% to the country’s gross domestic product (GDP) currently. The government of Malaysia has launched The National automotive policy(‘NAP2020’). Under the NAP 2020, the government is targeting to grow that to 10% of GDP by 2030.
Malaysia Introduces Enhanced Auto Industry Incentives to Encourage Expansion among Local Firms, the government, through the Malaysian Investment Development Authority (MIDA), has evaluated and approved tax incentives valued at MYR 4.6 billion (USD 1.12 billion) involving 13 automotive projects since 2014. The extended and enhanced incentive is currently opened for application until 1 December 2025.
Thus, these government policies are helping the automotive industry in Malaysia.
conclusion
The rise of the middle class, an increase in the number of automotive finances, and government providing all contribution to the expansion of the automotive financing sector in Malaysia in recent years. Demand has been spurred by rising disposable income and middle-class desires to buy cars, while low interest rates have reduced the cost of auto ownership. The government's actions and policies will allow the automotive sector to flourish even more, which will help Malaysia's economy succeed.
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The research report offers a thorough overview of the global market for Automotive Financing Market and insightful analysis on segmentation, dynamics, competition, and regional growth. The report's predictions are supported by recognized research methodologies and presumptions and look at specific strategies, then vendor profiles for the Global Automotive Financing Market.
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Tesla, Musk sued by shareholders over self-driving safety claims | CNN Business
Reuters — Tesla (TSLA) and its Chief Executive Elon Musk were sued on Monday by shareholders who accused them of overstating the effectiveness and safety of their electric vehicles’ Autopilot and Full Self-Driving technologies. In a proposed class action filed in San Francisco federal court, shareholders said Tesla defrauded them over four years with false and misleading statements that…
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What I think Darkley's Boarding School for Bad Boys would teach. PT 2: ELECTIVES
PT 1: Here
By the time you are in ninth grade, they give you the option to choose classes you would want to take. In this context, you're choosing a class that will help you on your way to villainy.
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PERFORMING ARTS- If becoming a Disney villain is your dream, then they definitely have the options.
Drama, Orchestra, and Choir.
VISUAL ARTS- Knowing how to print, take photos, and produce a film COULD do something for a villain It's just an extra skill.
Printmaking, Digital Media, Photography, and Film Production.
BUSINESS- If you wanna be one of THOSE villains that are RICH, then this is definitely the route you wanna take.
Marketing, Personal Finance, and Entrepreneurship.
TECHNOLOGY INFORMATION- In Ninjago, for someone to know a LOT about technology can get you really far. (REBOOTED for example)
Computer Science and Media Studies/Technology.
FAMILY AND CONSUMER SCIENCE- Why the fuck would a villain need this?? For one, learning how to cook for poison (this is a villain school) and CPR is a really good way villains can "deem" themselves as a good person.
Culinary Arts, Retail Marketing, and CPR.
VILLAIN EDUCATION- The prime electives in the School. For this AU, students have to pick a minimum of two of these classes. For Criminology, it's recommended to have it in the 9th grade so it can set up your core classes.
Criminal Justice, Criminology, Networking, Robotics, Metalworking, and Automotive.
PHYSICAL EDUCATION- This is where the brawns part of the "Brains and Brawn" saying. Students at a minimum have to pick two classes (one for the first semester, and the next for the second) to actually pass the requirement to be a Villain.
Group one: Health, Wellness, Physical Education.
Group two: Gymnastics, Weight Training, Martial Arts.
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So like, this is where students could pick what they actually want to do and this would set up their future careers. For 8th and under it's a little bit different, but this AU only includes the older kids (cuz I'm too lazy). But, this is my take on Darkley's electives if it was an actual functioning school for Villainy.
#ninjago lloyd#ninjago darkleys#darkleys kids#lego ninjago#ninjago#ninjago sally#ninjago gene#ninjago brad
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Excerpt from this EcoWatch story:
As part of its most recent World Economic Outlook, the International Monetary Fund (IMF) has said the transition to electric vehicles will have “far-reaching” effects on production, investment, global trade and employment.
The new analysis was released in tandem with annual meetings of the World Bank and IMF this week, where efforts to finance the transition to green energy, enhance global growth and tackle debt distress were on the agenda, reported Reuters.
“The rising adoption of electric vehicles (EVs) represents a fundamental transformation of the global automotive industry,” the IMF said in the report.
The shift from fossil fuel-powered vehicles to EVs has been accelerating and is an important part of countries’ climate targets around the world.
According to the IMF, transportation was responsible for 36 percent of U.S. greenhouse gas (GHG) emissions in 2022, eight percent in China and 21 percent of those in the European Union.
Subsidies and charging stations for EVs provided by the U.S. government have helped support the rising adoption of EVs in America. The EU aims to cut auto emissions by half by 2035 compared to 2021 levels.
“[T]he shift to electric vehicles for personal transportation is a key part of the reduction of GHG emissions. To foster the adoption of EVs, both supply- and demand-side policies have been implemented across the world,” the IMF said.
In its report, the IMF made note of the global auto industry’s robust profits, large export markets, high wages and use of technology, Reuters reported.
Speeding up the global move toward EVs would change the industry, especially if China remains the export and production leader in front of European and U.S. rivals.
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Artificial Intelligence: Transforming the Future of Technology
Introduction: Artificial intelligence (AI) has become increasingly prominent in our everyday lives, revolutionizing the way we interact with technology. From virtual assistants like Siri and Alexa to predictive algorithms used in healthcare and finance, AI is shaping the future of innovation and automation.
Understanding Artificial Intelligence
Artificial intelligence (AI) involves creating computer systems capable of performing tasks that usually require human intelligence, including visual perception, speech recognition, decision-making, and language translation. By utilizing algorithms and machine learning, AI can analyze vast amounts of data and identify patterns to make autonomous decisions.
Applications of Artificial Intelligence
Healthcare: AI is being used to streamline medical processes, diagnose diseases, and personalize patient care.
Finance: Banks and financial institutions are leveraging AI for fraud detection, risk management, and investment strategies.
Retail: AI-powered chatbots and recommendation engines are enhancing customer shopping experiences.
Automotive: Self-driving cars are a prime example of AI technology revolutionizing transportation.
How Artificial Intelligence Works
AI systems are designed to mimic human intelligence by processing large datasets, learning from patterns, and adapting to new information. Machine learning algorithms and neural networks enable AI to continuously improve its performance and make more accurate predictions over time.
Advantages of Artificial Intelligence
Efficiency: AI can automate repetitive tasks, saving time and increasing productivity.
Precision: AI algorithms can analyze data with precision, leading to more accurate predictions and insights.
Personalization: AI can tailor recommendations and services to individual preferences, enhancing the customer experience.
Challenges and Limitations
Ethical Concerns: The use of AI raises ethical questions around data privacy, algorithm bias, and job displacement.
Security Risks: As AI becomes more integrated into critical systems, the risk of cyber attacks and data breaches increases.
Regulatory Compliance: Organizations must adhere to strict regulations and guidelines when implementing AI solutions to ensure transparency and accountability.
Conclusion: As artificial intelligence continues to evolve and expand its capabilities, it is essential for businesses and individuals to adapt to this technological shift. By leveraging AI's potential for innovation and efficiency, we can unlock new possibilities and drive progress in various industries. Embracing artificial intelligence is not just about staying competitive; it is about shaping a future where intelligent machines work hand in hand with humans to create a smarter and more connected world.
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Drive into Elegance: Exploring the Fortuner Toyota Showroom in Bangalore – Viva Toyota
When it comes to luxury, performance, and reliability, the Toyota Fortuner stands out as a flagship SUV that redefines the driving experience. In Bangalore, Viva Toyota provides an unmatched platform to explore this iconic vehicle. Offering exceptional service and a deep understanding of Toyota's legacy, Viva Toyota invites you to step into a world of automotive excellence.
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The Fortuner: A Benchmark of Sophistication and Power
The Toyota Fortuner has carved a niche in the SUV market with its bold design, robust performance, and luxurious features. Here’s what makes it a top choice for discerning buyers:
Imposing Design: The Fortuner boasts a dynamic exterior with sleek lines, LED headlights, and an unmistakable grille that commands attention on the road.
Powerful Performance: Equipped with advanced engines and cutting-edge technology, the Fortuner delivers a seamless driving experience, whether on city roads or rugged terrains.
Luxurious Interiors: Step inside to discover plush seating, premium materials, and an intuitive infotainment system designed for comfort and convenience.
Safety First: Advanced safety features such as ABS, multiple airbags, and a robust stability control system ensure peace of mind on every journey.
Why Choose Viva Toyota in Bangalore?
1. World-Class Showroom Experience
At Viva Toyota, every visit is designed to leave a lasting impression. The spacious and modern showroom is thoughtfully laid out, allowing you to explore the Fortuner and other Toyota models in comfort.
2. Expert Guidance
Our team of knowledgeable sales professionals is passionate about helping you make informed decisions. Whether you’re a first-time buyer or looking to upgrade, we’ll guide you through every step of the process.
3. Comprehensive Test Drives
Experience the Fortuner firsthand with a personalized test drive. Feel the power, comfort, and advanced features as you take the wheel.
4. End-to-End Services
From financing options to seamless after-sales service, Viva Toyota ensures a hassle-free ownership journey. Our commitment doesn’t end at the sale – it extends to ongoing support and maintenance.
Explore the Fortuner’s Variants at Viva Toyota
Fortuner 4x4
Engineered for thrill-seekers, the 4x4 variant delivers unparalleled performance on challenging terrains.
Fortuner Legender
For those who desire a touch of opulence, the Legender variant combines cutting-edge technology with a luxurious design.
Customer-Centric Services at Viva Toyota
1. Customization Options
Tailor your Fortuner with exclusive accessories and features to suit your lifestyle.
2. Transparent Pricing
We believe in honesty and clarity, ensuring that every aspect of your purchase is transparent.
3. Premium After-Sales Support
With a dedicated service team and state-of-the-art facilities, we ensure that your Fortuner remains in peak condition for years to come.
Visit Viva Toyota in Bangalore Today
Whether you're drawn to the powerful performance or the luxurious appeal of the Toyota Fortuner, Viva Toyota in Bangalore is your go-to destination. Experience the perfect blend of elegance and utility in a showroom designed to cater to your every need.
Step into Viva Toyota and let us help you drive into elegance with the Toyota Fortuner. Book your test drive today and explore why this SUV is a symbol of sophistication and power.
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Need 4 Speed: Circuit Breakers
Summary: The infamous Hak's Garage, owned by well-respected technical expert Ju Haknyeon and financed by the retired underground drag racer Lee Sangyeon. Hak's Garage is an inconspicuous daytime automotive garage that offers your average vehicle tuning and modification. It's during the nighttime when the place starts to let loose and becomes the go-to spot for anyone and everyone who has an inkling of fascination for cars. Get to know the Circuit Breakers under this well-loved garage below!
Tags: Underground street racer!AU for The Boyz
Hyunjae. Hyunjae was the first racer Sangyeon took under his wing. They both pretty much grew up with each other in the earlier days of the Circuit, and whilst Sangyeon has found peace in retiring from official matches, Hyunjae never found it in himself to give up the steering wheel just yet. But of course, nowadays it’s so rare to actually even see him racing in the streets. A former underground prodigy forced to grow up. He spends the majority of his waking hour working as a higher up for a company his own father built. Every now and then, when the 9-5 gets too tough, when Lee Jaehyun gives his name up to be just Lee Hyunjae, he finds himself racing down the streets in his beloved McLaren 765LT. All the way down to Hak’s Garage where he allows himself to forget the weight of the world even if for just one night.
Juyeon. Often described as cold and calculating, Juyeon is not one to bask in the spotlight of being a well-known underground racer. There seems to be history between him and the infamous Lee Hyunjae but the latter rarely shows himself in the scene anymore. The only people that seem to know the story between them are Sangyeon and Haknyeon themselves. There’s a sense of fire behind Juyeon that makes his opponents fear him in the streets. For one, he is smart. He rarely utters more than two words to anyone outside his crew yet everyone can see the confidence behind his every move. From bold last minute turns, to haphazard decisions to fly over an open bridge. Juyeon is starting to gain notoriety over his seemingly reckless driving skills.
Kevin Moon. The Phantom Operator of the Circuit. Kevin Moon owns a flashy bee-striped 1969 Chevrolet Camaro that was passed down to him by his father. He often frequented stadiums alongside his sister as a kid and has since been enamored with the loud sounds of revving cars and the boisterous lifestyle of its drivers. Although his sister pretty much grew out of it by the time their father retired, Kevin was never able to let go of the exhilarating rush he felt during his time in the stadiums. Except this time, he partakes in illegal races as opposed to his father’s very legal ones. Kevin Moon did not have the patience to build his way up to NASCAR level and so he took his passion to the streets.
Chanhee. An avid collector of cars, clothes, and anything that screamed luxury. Chanhee was one of the conundrums in the underground street racing scene. One would think he would be up there with the sponsors with his vast amount of wealth and resources, but the boy actually preferred the highways than the stuffy room the executives hole themselves in. He’s amassed a pretty spectacular collection of both vintage and new muscle cars — but his favorite out of all of them is his 2023 Mazda MX-5 he’s recently purchased. He’s fair game in the streets but he’s found more solace in participating in mountain drift races.
Q. Another one of the conundrums under Sangyeon’s belt — Changmin (or Q as he liked being called) is one of the more versatile racers in the Circuit. He’s one of the rarer collectors that preferred the sweet revv of an import over any muscle car currently in the market. Changmin is a wildcard amongst sponsors, he’s not afraid of taking up challenges with all-in stakes and no one is for certain if it’s because he wholeheartedly believes he’s going to win or if he’s just being as reckless as Sunwoo when it comes to racing. Whatever it is, Changmin is certainly one who's caught the eye of a notorious sponsor that’s adamant in taking him from under Sangyeon’s wing.
Sunwoo. Reckless street racer Sunwoo who’s earned himself the nickname “Echo” both from local authorities and the underground racing scene. He drives around his mute black 2016 Dodge Charger so fast that the only sign of him ever actually being there is the echo of his revving engine from down the street. He’s a well-known drag racer in his early days but has since moved on to circuit racing. It was only a matter of time because he’s grown notorious for always having run-ins with authority, yet the thing is — he’s never actually been caught before. He’s reckless and egotistical behind the wheel but Sangyeon and the other’s know he’s a good kid at heart. It just so happens that driving around the city haphazardly is what gets his blood pumping.
Eric Sohn. Junior mechanic turned illegal drag racer under Sangyeon’s wing. Eric has been surrounded by automotives his entire life and it was to no surprise that he found himself gravitating towards underground racing. He built his beloved 2017 Dodge Challenger from scrap and has since used it to win drag races in and around the Circuit. On multiple different occasions, a couple of sponsors from the Circuit tried to sway Eric away from the garage but his loyalty to Sangyeon and the crew was so fierce that they were only met with the rare sight of Eric getting mad. He believes in fate and destiny - much to the chagrin of Sunwoo - but that belief has gotten him this far and he’s not about to let go of it anytime soon.
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Get to know the Skeleton Crew that runs the garage here!
#lee hyunjae#hyunjae#hyunjae fluff#hyunjae au#lee juyeon#juyeon#juyeon fluff#juyeon au#kevin moon#kevin#kevin moon fluff#kevin moon angst#kevin moon au#choi chanhee#chanhee#chanhee fluff#chanhee au#ji changmin#changmin#changmin fluff#changmin au#kim sunwoo#sunwoo#sunwoo fluff#sunwoo au#eric sohn#eric#eric fluff#eric au#the boyz
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Reasons to get an MBA degree in Germany
Are you contemplating pursuing an MBA degree abroad? Germany might not be the first country that comes to mind, but it's gaining recognition as a top destination for MBA studies. Here are some compelling reasons why getting an MBA degree in Germany could be the right choice for you.
For More Info Visit: MBA in Germany for Indian students
1. Renowned Business Schools:
Germany is home to several prestigious business schools renowned for their quality education and international recognition. Institutions like ESMT Berlin, Mannheim Business School, and Frankfurt School of Finance & Management offer world-class MBA programs that attract students from around the globe.
For More Info Visit: Best Business School in Germany for MBA
2. Diversity and International Environment:
Studying for an MBA in Germany exposes you to a diverse and multicultural environment. With a significant number of international students and faculty members, you'll have the opportunity to collaborate with peers from various backgrounds, enhancing your global perspective and cross-cultural communication skills.
3. Affordable Tuition Fees:
Compared to MBA programs in the US and UK, obtaining an MBA degree in Germany can be more cost-effective. Many universities offer competitive tuition fees, and some public institutions even provide tuition-free education, making it an attractive option for budget-conscious students without compromising on quality.
For More Info Visit: Cost of Masters in Germany for Indian Students
4. Strong Job Market:
Germany boasts a robust economy and is home to numerous multinational corporations and thriving industries. Completing an MBA in Germany can open doors to a plethora of job opportunities, especially in sectors such as automotive, engineering, finance, and technology. The country's strong focus on innovation and entrepreneurship further enhances career prospects for MBA graduates.
5. Post-Study Work Opportunities:
After completing your MBA in Germany, you have the option to extend your stay and seek employment opportunities in the country. Germany offers various visa options, including a job seeker visa, which allows you to stay and search for employment for up to 18 months after graduation. Additionally, the German government encourages skilled professionals to contribute to the country's workforce, making it easier for international graduates to secure job offers.
For More Info Visit: How to Get Admission in Germany
Conclusion:
Choosing to pursue an MBA degree in Germany can be a strategic move for your career advancement. With renowned business schools, a diverse learning environment, affordable tuition fees, abundant job opportunities, and favorable post-study work options, Germany emerges as an attractive destination for aspiring business leaders seeking a transformative educational experience.
FAQs:
1. Are MBA programs in Germany taught in English?
Yes, many MBA programs in Germany are taught entirely in English to accommodate international students.
2. What are the entry requirements for MBA programs in Germany?
Entry requirements may vary depending on the university and program, but typically include a bachelor's degree, relevant work experience, GMAT/GRE scores, and English proficiency (for non-native English speakers).
3. Can international students work while studying for an MBA in Germany?
Yes, international students with a valid student visa are allowed to work part-time up to 20 hours per week during the semester and full-time during semester breaks.
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The Top 10 Jobs in Canada for 2024
Canada, with its picturesque landscapes, diverse culture, and robust economy, continues to attract individuals from around the world seeking new opportunities and a higher quality of life. As we step into 2024, the Canadian job market is brimming with exciting prospects across various industries. Whether you're a recent graduate, a seasoned professional, or an immigrant looking to build a career in the Great White North, here are the top 10 jobs in Canada that should be on your radar.
Software Developer: With the technology sector experiencing exponential growth, software developers are in high demand. From cutting-edge startups to established corporations, Canada's tech industry offers a plethora of opportunities for those with coding expertise.
Healthcare Professionals: The healthcare sector in Canada is perennially in need of skilled professionals, including nurses, doctors, and allied health workers. The aging population has led to a surge in demand for healthcare services, making it an excellent field for those looking to make a meaningful impact.
Construction Project Manager: As infrastructure projects continue to dot the Canadian landscape, the demand for construction project managers is on the rise. This role involves overseeing the planning, execution, and completion of construction projects, making it a key player in the nation's development.
Data Scientist: In an era driven by data, the role of a data scientist is crucial across various industries, including finance, healthcare, and e-commerce. Analyzing and interpreting large datasets, data scientists contribute valuable insights to guide decision-making processes.
Electrician: Skilled trades, such as electricians, are essential for maintaining and expanding Canada's infrastructure. From residential wiring to large-scale industrial projects, electricians play a pivotal role in ensuring the smooth functioning of the country's electrical systems.
Marketing Specialist: As businesses vie for consumer attention, the demand for marketing specialists continues to soar. Whether it's digital marketing, content creation, or market research, individuals with a flair for promoting products and services are sought after in the Canadian job market.
Registered Nurse: With an aging population, there's a growing need for compassionate and qualified nurses. Registered nurses are integral to the healthcare system, providing essential care and support to patients in hospitals, clinics, and long-term care facilities.
Mechanical Engineer: From designing innovative machinery to optimizing existing systems, mechanical engineers contribute significantly to Canada's industrial landscape. Industries such as manufacturing, automotive, and aerospace rely on the expertise of mechanical engineers to drive innovation.
Financial Advisor: Canadians are increasingly recognizing the importance of financial planning, leading to a surge in demand for financial advisors. Helping individuals and businesses make informed decisions about their finances, financial advisors play a crucial role in ensuring financial well-being.
Environmental Scientist: With a growing emphasis on sustainability, environmental scientists are in demand to address ecological challenges. From assessing environmental impact to developing conservation strategies, these professionals contribute to Canada's commitment to a greener future.
Conclusion:
As Canada continues to thrive on its commitment to diversity, innovation, and progress, the job market reflects these values with a wide array of opportunities. Whether you're drawn to the tech hub of Toronto, the vibrant culture of Vancouver, or the economic powerhouse of Calgary, these top 10 jobs offer a glimpse into the diverse career landscape that Canada has to offer. So, whether you're a local job seeker or an international talent looking to make Canada your home, these professions could be your stepping stones to a fulfilling and prosperous future.
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For now, Alex Lagetko is holding on to his Tesla stocks. The founder of hedge fund VSO Capital Management in New York, Lagetko says his stake in the company was worth $46 million in November 2021, when shares in the electric carmaker peaked at $415.
Since then, they have plunged 72 percent, as investors worry about waning demand, falling production and price cuts in China, labor shortages in Europe, and, of course, the long-term impact of CEO Elon Musk’s $44 billion acquisition of Twitter. After announcing his plans to buy the platform in April, Musk financed his acquisition with $13 billion in loans and $33 billion in cash, roughly $23 billion of which was raised by selling shares in Tesla.
“Many investors, particularly retail, who invested disproportionately large sums of their wealth largely on the basis of trust in Musk over many years were very quickly burned in the months following the acquisition,” Lagetko says, “particularly in December as he sold more stock, presumably to fund losses at Twitter.”
Lagetko is worried that the leveraged buyout of Twitter has left Tesla exposed, as interest payments on the debt Musk took on to fund the takeover come due at the same time as the social media company’s revenues have slumped.
But Tesla stock was already falling in April 2022, when Musk launched his bid for Twitter, and analysts say that the carmaker’s challenges run deeper than its exposure to the struggling social media platform. Tesla and its CEO have alienated its core customers while its limited designs and high prices make it vulnerable to competition from legacy automakers, who have rushed into the EV market with options that Musk’s company will struggle to match.
Prior to 2020, Tesla was essentially “playing against a B team in a soccer match,” says Matthias Schmidt, an independent analyst in Berlin who tracks electric car sales in Europe. But that changed in 2020, as “the opposition started rolling out some of their A squad players.”
In 2023, Tesla is due to release its long-awaited Cybertruck, a blocky, angular SUV first announced in 2019. It is the first new launch of a consumer vehicle by the company since 2020. A promised two-seater sports car is still years away, and the Models S, X, Y, and 3, once seen as space-age dynamos, are now “long in the tooth,” says Mark Barrott, an automotive analyst at consultancy Plante Moran. Most auto companies refresh their looks every three to five years—Tesla’s Model S is now more than 10 years old.
By contrast, this year Ford plans to boost production of both its F-150 Lighting EV pick-up, already sold out for 2023, and its Mustang Mach-E SUV. Offerings from Hyundai IONIQ 5 and Kia EV6 could threaten Tesla’s Model Y and Model 3 in the $45,000 to $65,000 range. General Motors plans to speed up production and cut costs for a range of EV models, including the Chevy Blazer EV, the Chevy Equinox, the Cadillac Lyric, and the GMC Sierra EV.
While Tesla’s designs may be eye-catching, their high prices mean that they’re now often competing with luxury brands.
“There is this kind of nice Bauhaus simplicity to Tesla’s design, but it’s not luxurious,” says David Welch, author of Charging Ahead: GM, Mary Barra, and the Reinvention of an American Icon. “And for people to pay $70,000 to $100,000 for a car, if you’re competing suddenly with an electric Mercedes or BMW, or a Cadillac that finally actually feels like something that should bear the Cadillac name, you’re going to give people something to think about.”
While few manufacturers can compete with Tesla on performance and software (the Tesla Model S goes to 60 mph in 1.99 seconds, reaches a 200-mph top speed, and boasts automatic lane changing and a 17-inch touchscreen for console-grade gaming), many have reached or are approaching a range of 300 miles (480 km), which is the most important consideration for many EV buyers, says Craig Lawrence, a partner and cofounder at the investment group Energy Transition Ventures.
One of Tesla’s main competitive advantages has been its supercharging network. With more than 40,000 proprietary DC fast chargers located on major thoroughfares near shopping centers, coffee shops, and gas stations, their global infrastructure is the largest in the world. Chargers are integrated with the cars’ Autobidder optimization & dispatch software, and, most importantly, they work quickly and reliably, giving a car up to 322 miles of range in 15 minutes. The network contributes to about 12 percent of Tesla sales globally.
“The single biggest hurdle for most people asking ‘Do I go EV or not,’ is how do I refuel it and where,” says Loren McDonald, CEO and lead analyst for the consultancy EVAdoption. “Tesla figured that out early on and made it half of the value proposition.”
But new requirements for funding under public charging infrastructure programs in the US may erode Tesla’s proprietary charging advantage. The US National Electric Vehicle Infrastructure Program will allocate $7.5 billion to fund the development of some 500,000 electric vehicle chargers, but to access funds to build new stations, Tesla will have to open up its network to competitors by including four CCC chargers.
“Unless Tesla opens up their network to different charging standards, they will not get any of that volume,” Barrott says. “And Tesla doesn’t like that.”
In a few years, the US public charging infrastructure may start to look more like Europe’s, where in many countries the Tesla Model 3 uses standard plugs, and Tesla has opened their Supercharging stations to non-Tesla vehicles.
Tesla does maintain a software edge over competitors, which have looked to third-party technology like Apple’s CarPlay to fill the gap, says Alex Pischalnikov, an auto analyst and principal at the consulting firm Arthur D. Little. With over-the-air updates, Tesla can send new lines of code over cellular networks to resolve mechanical problems and safety features, update console entertainment options, and surprise drivers with new features, such as heated rear seats and the recently released full self-driving beta, available for $15,000. These software updates are also a cash machine for Tesla. But full self-driving features aren’t quite as promised, since drivers still have to remain in effective control of the vehicle, limiting the value of the system.
A Plante Moran analysis shared with WIRED shows Tesla’s share of the North American EV market declining from 70 percent in 2022 to just 31 percent by 2025, as total EV production grows from 777,000 to 2.87 million units.
In Europe, Tesla’s decline is already underway. Schmidt says data from the first 11 months of 2022 shows sales by volume of Volkswagen’s modular electric drive matrix (MEB) vehicles outpaced Tesla’s Model Y and Model 3 by more than 20 percent. His projections show Tesla’s product lines finishing the year with 15 percent of the western European electric vehicle market, down from 33 percent in 2019.
The European Union has proposed legislation to reduce carbon emissions from new cars and vans by 100 percent by 2035, which is likely to bring more competition from European carmakers into the market.
There is also a growing sense that Musk’s behavior since taking over Twitter has made a challenging situation for Tesla even worse.
Over the past year, Musk has used Twitter to call for the prosecution of former director of the US National Institute of Allergy and Infectious Diseases Anthony Fauci (“My pronouns are Prosecute/Fauci”), take swings at US senator from Vermont Bernie Sanders over government spending and inflation, and placed himself at the center of the free speech debate. He’s lashed out at critics, challenging, among other things, the size of their testicles.
A November analysis of the top 100 global brands by the New York–based consultancy Interbrand estimated Tesla’s brand value in 2022 at $48 billion, up 32 percent from 2021 but well short of its 183 percent growth between 2020 and 2021. The report, based on qualitative data from 1,000 industry consultants and sentiment analysis of published sources, showed brand strength declining, particularly in “trust, distinctiveness and an understanding of the needs of their customers.”
“I think [Musk’s] core is rapidly moving away from him, and people are just starting to say, ‘I don’t like the smell of Tesla; I don’t want to be associated with that,’” says Daniel Binns, global chief growth officer at Interbrand.
Among them are once-loyal customers. Alan Saldich, a semi-retired tech CMO who lives in Idaho, put a deposit down on a Model S in 2011, before the cars were even on the road, after seeing a bodiless chassis in a Menlo Park showroom. His car, delivered in 2012, was number 2799, one of the first 3,000 made.
He benefited from the company’s good, if idiosyncratic, customer service. When, on Christmas morning 2012, the car wouldn’t start, he emailed Musk directly seeking a remedy. Musk responded just 24 minutes later: “...Will see if we can diagnose and fix remotely. Sorry about this. Hope you otherwise have a good Christmas.”
On New Year’s Day, Joost de Vries, then vice president of worldwide service at Tesla, and an assistant showed up at Saldich’s house with a trailer, loaded the car onto a flatbed, and hauled it to Tesla’s plant in Fremont, California, to be repaired. Saldich and his family later even got a tour of the factory. But since then, he’s cooled on the company. In 2019, he sold his Model S, and now drives a Mini Electric. He’s irritated in particular, he says, by Musk’s verbal attacks on government programs and regulation, particularly as Tesla has benefited from states and federal EV tax credits.
“Personally, I probably wouldn’t buy another Tesla,” he says. “A, because there’s so many alternatives and B, I just don’t like [Musk] anymore.”
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Job Opportunities and Work Environment in Romania, Hungary, and the Schengen Area
In Europe, the job market has shown remarkable resilience despite the global socio-economic challenges of recent years. Today we focus on Romania and Hungary, two Eastern European countries, as well as the larger Schengen Area, and the opportunities they present to job seekers.
Romania, located at the crossroads of Central, Eastern, and South eastern Europe, has a diverse and growing economy. The Information Technology (IT) sector in Romania has been a strong driver of job growth, making it an attractive destination for IT professionals. In recent years, the country has gained the reputation of being an outsourcing hub, which has led to an increase in job opportunities in customer service and technical support. Moreover, jobs in the healthcare sector, engineering, and construction also remain in high demand.
Hungary, with its strategic position in the heart of Europe, boasts a robust economy with a strong focus on foreign investment. The automotive industry is one of the country's most prominent sectors, and it's continuously creating job opportunities for both skilled and unskilled workers. Information and Communication Technology (ICT), logistics, and manufacturing sectors are also among Hungary's largest employers. Teaching English is another area where foreigners can find job opportunities in Hungary, particularly in Budapest.
The Schengen Area, comprising 26 European countries that have abolished passport and other types of border control at their mutual borders, presents a diverse range of job opportunities. For those interested in the finance sector, Luxembourg and Frankfurt offer ample opportunities. Meanwhile, those keen on fashion and design might look towards Milan or Paris, and individuals with an interest in technology would do well in Berlin or Amsterdam. Also, the EU's "Blue Card" program is a work permit allowing high-skilled non-EU citizens to work and live in any country within the EU, excluding Denmark, Ireland, and the UK.
Despite the varying opportunities, some commonalities exist in job hunting across these regions. Networking is vital and can be done through attending industry events, job fairs, or through online platforms like LinkedIn. Fluency in the local language is a significant advantage, though many international companies operate in English. Understanding local job market trends, having a CV that matches European standards, and persistence are crucial for job success in these countries. To sum up, Europe's diverse and dynamic job market, as represented by countries like Romania and Hungary and the larger Schengen Area, offers a wide array of opportunities for job seekers. Whether you're an IT expert, a healthcare professional, an automotive engineer, or a teacher, there's a place for you in Europe's flourishing employment landscape.
#hiring and recruiting#management jobs#management services#recruitment#Jobs in Europe#management system
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