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AUTO PRODUCTION: Tesla Nears Historic Milestone of World’s Most Valuable Carmaker

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.

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AUTO PRODUCTION: Europe’s auto industry restarts, but the road to recovery is long

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...

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AUTO PRODUCTION: Wuhan offers consumer incentives to support local auto industry

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.

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AUTO PRODUCTION: VW slows Wolfsburg output amid tepid European demand

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.

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AUTO PRODUCTION: 298 automobile factories operating across Europe, new data shows

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).

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AUTO PRODUCTION: VW, Renault Fire Up Factories in Bet That Car Demand Will Follow

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.

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AUTO PRODUCTION: IHS Markit: global commercial vehicle production to drop 22% in 2020 in wake of COVID-19

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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AUTO PRODUCTION: Corona crisis: Guidelines for re-launch of EU auto industry

Brussels, 16 April 2020 – As Europe is grappling with the health, social and economic impacts of COVID-19, the European Automobile Manufacturers’ Association (ACEA) has set out four guiding principles for a successful re-launch of the auto industry, which will be vital to the wider economic recovery of the continent.

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