automotive industry: Singer Carly Simon loses both sisters in same week – composer Lucy and opera singer Joanna

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automotive industry: Singer Carly Simon loses both sisters in same week – composer Lucy and opera singer Joanna

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Singer-songwriter Carly Simon is mourning the loss of her two sisters this week.

Broadway composer Lucy Simon died of breast cancer Thursday at age 82, and former opera singer Joanna Simon, 84, lost her battle with thyroid cancer the day before.

Born into wealth as the children of Simon & Schuster publisher Richard Simon in New York City during the 1940s, all three siblings were successful in their professional music pursuits.

Lucy Simon launched her music career in the 1960s when she performed alongside Carly in Greenwich Village and Provincetown, Massachusetts. Under the moniker Simon Sisters, the duo recorded the 1964 song Wynken, Blynken & Nod based on Eugene Field’s children’s 1889 children’s poem.




A market rooted in light trucks and U.S. automakers

Amid the semiconductor shortage, light trucks remain the most popular vehicle type in the country. U.S. light truck sales amounted to under 11.6 million units in 2021, rebounding by around five percent compared to 2020. Meanwhile, the number of cars sold in the U.S. has been decreasing from a staggering 11.4 million units in 1973 to a little over 3.3 million units in 2021, as U.S. consumer demand has been shifting to larger vehicles over the past few decades.

General Motors, Chrysler LLC, and Ford Motor are the key American automakers, although Chrysler LLC is a fully-owned subsidiary of the Europe-based Stellaris. In addition to these carmakers, Tesla’s market share is rising due to the increasing acceptance of electric vehicles. General Motors is the vehicle manufacturer with the highest market share, followed by Toyota and Ford. automotive industry

War and profitability challenge the industry-automotive industry

Fuel prices in the U.S. have been increasing throughout the pandemic as well as during Russia’s invasion of Ukraine, with diesel prices soaring over five U.S. dollars per gallon by March 10, 2022. The U.S. has increased its national petrol production through hydraulic fracking to ease dependence on Russian crude oil exports; however, market uncertainty has led to inflation despite the U.S.’s increased self-reliance. automotive industry

In parallel, the new energy vehicle market has also gained popularity. Around 607,600 plug-in electric light vehicles were sold in the U.S. in 2021—almost double the sales in 2020. The Tesla Model S was the best-selling passenger car in the first quarter of 2022, followed by the Model 3. Tesla recorded a market capitalization of over one trillion U.S. dollars in April 2022, ranking among the world’s largest companies. Boosted by Tesla’s success, the U.S. electric vehicle industry attracted startup companies like Rivian, Lucid Motor, and Canoo. Despite the boom in the market, these startups have challenges ahead; Rivian, which started its vehicle deliveries in 2021, recorded a net loss of close to 4.7 billion U.S. dollars in 2021. automotive industry

https://www.technohubsuite.com/singer-carly-simon-loses-both-sisters-in-same-week-composer-lucy-and-opera-singer-joanna-automotive-industry/

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