News
AUTO PRODUCTION: UK car production slumps to lowest level since 1954
- Date: 30-07-20
- Category: AUTO PRODUCTION
- Source: BBC
The number of cars built in the UK over the past six months has slumped to the lowest since 1954, according to the industry's trade body.
View full storyAUTO PRODUCTION: Tesla Nears Historic Milestone of World’s Most Valuable Carmaker
- Date: 11-06-20
- Category: AUTO PRODUCTION
- Source: Bloomberg
Shares in Musk’s automaker have risen more than 20% this month The surge in Tesla Inc.’s shares so far this month moved Elon Musk’s company even closer to displacing Toyota Motor Corp. as the world’s most valuable carmaker.
View full storyAUTO PRODUCTION: Europe’s auto industry restarts, but the road to recovery is long
- Date: 09-06-20
- Category: AUTO PRODUCTION
- Source: LMC Automotive
Despite several large plants remaining idle, Europe’s auto industry is slowly emerging from a lengthy shutdown period. Having closed for an average of 6-7 weeks, plants are restarting as governments ease COVID-19 lockdown measures and manufacturers introduce new hygiene and social distancing processes. Although this is welcome news, opening factory doors is just the first step in the industry’s journey to recovery, and a return to pre-pandemic production rates will take far longer...
View full storyAUTO PRODUCTION: Wuhan offers consumer incentives to support local auto industry
- Date: 16-05-20
- Category: AUTO PRODUCTION
- Source: Auto News
A Dongfeng Honda factory after lockdown measures in Wuhan, the capital of Hubei province and China's epicenter of the novel coronavirus disease outbreak, were further eased on April 8, 2020.
View full storyAUTO PRODUCTION: VW slows Wolfsburg output amid tepid European demand
- Date: 13-05-20
- Category: AUTO PRODUCTION
- Source: Auto News
FRANKFURT -- Volkswagen Group will reduce output at its factory in Wolfsburg on four days this month as consumer demand for new cars remains weak in Europe.
View full storyAUTO PRODUCTION: 298 automobile factories operating across Europe, new data shows
- Date: 06-05-20
- Category: AUTO PRODUCTION
- Source: ACEA
Brussels, 6 May 2020 – 298 automobile assembly and engine production plants operate in Europe today, according to freshly-updated data from the European Automobile Manufacturers’ Association (ACEA). Cars, vans, trucks, buses and engines are manufactured at these factories, 196 of which are situated within the European Union (EU27).
View full storyAUTO PRODUCTION: VW, Renault Fire Up Factories in Bet That Car Demand Will Follow
- Date: 23-04-20
- Category: AUTO PRODUCTION
- Source: Bloomberg
Manufacturers from Volkswagen AG to Renault SA and Daimler AG are restarting factories in Europe with little visibility about how much actual demand there will be once customers emerge from restrictions that made car-buying impossible for most people.
View full storyAUTO PRODUCTION: IHS Markit: global commercial vehicle production to drop 22% in 2020 in wake of COVID-19
- Date: 18-04-20
- Category: AUTO PRODUCTION
- Source: Green Car Congress
Individual regional forecasts are set to a downtrend, and supply chain impacts are being felt, as the consequences of the virus have shuttered manufacturing and supplier facilities around the world. These forecasts are informed by the latest IHS Markit global economic forecast updates, which reflect a 3.0% decline in global real GDP in 2020.
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