Author: World_Newz Mon

Hyundai, Kia Pass 1.5 Million Mark in Combined Green Car Sales

Hyundai and affiliate Kia have seen their combined sales of eco-friendly cars exceed the 1.5 million milestone globally.Despite the economic slowdown caused by the coronavirus epidemic, their green car sales in the first five months of the year rose 12 percent on-year to 160,000 units.The carmakers are also expanding their presence in the global green car market.

Jaguar Land Rover plunges to £501m loss as sales sink

Jaguar Land Rover has plunged to a huge loss as sales fell by almost a third in the first three months of the year, driving it to announce 1,100 jobs will go.The 1,100 agency workers being cut from the company’s manufacturing operations will leave about 1,000 contract staff spread around the business, including in non-production roles.In January 2019, about 10pc of the workforce – 4,500 jobs worldwide – was cut as JLR responded to falling sales of its cars.

Spain launches a $4.2 billion coronavirus auto industry stimulus package

Spain launched a 3.75 billion euros ($US4.2 billion) stimulus program to help the country’s automotive industry recover from the fallout of coronavirus.The automotive industry is considered one of the many lifelines of the Spanish economy.Spain is Europe’s second largest car manufacturing country, producing around 3 million cars every year.

Auto sales rebound for second straight month in May

Vehicle sales in May soared 14.5 percent year-on-year in China as customer confidence was boosted by the country’s ability to mitigate the coronavirus pandemic.The government’s stimuli on new car sales and generous discounts at dealerships were also contributing factors.The Japanese carmaker’s other joint venture FAW-Toyota delivered over 72,000 vehicles in the same month, up 2 percent.

Volkswagen, Audi ordered to keep Mexican factories shut 13.06.2020

German carmaker Volkswagen and its subsidiary Audi won’t be able to restart production at their plants in the Mexican state of Puebla as planned on Monday due to fears about the coronavirus spreading.Its plant at Puebla southeast of Mexico City is the largest automobile production facility in the country.The Mexican newspaper La Razon reported that restarting production at the Audi and VW facilities in Puebla would see some 30,000 employees returning to work.

Capacity utilization of Russian automobile plants is below 30% – newspaper

MOSCOW, June 13. /TASS/. Capacity utilization of systemic companies in the Russian automotive industry declined from 50% to less than 30% after two months of the lockdown due to the coronavirus pandemic, Izvestiya newspaper reports on Saturday, citing data of the Russian Ministry of Industry and Trade.
Automobiles production plummeted by 60.2% year-on-year in April 2020, according to the Russian statistical agency Rosstat. Key reasons for the decline was suspension of operations by automobile plants because of nonworking days in the country during the pandemic period, disruption of imported components' deliveries and falling demand, the agency told the newspaper.
The segment of minivans suffered most in the commercial transport sector, GAZ Group told Izvestiya. The plant capacity utilization fell more than twofold in June 2020 on an annualized basis, according to Group data.
Russian President Vladimir Putin announced nonworking days in the country from March 30 to May 12 in order ..

New car registrations in Germany down almost 50 pct in May

BERLIN, June 4 (Xinhua) — New passenger car registrations in Germany were down by almost 50 percent in May compared to the same month last year, the Federal Motor Transport Authority (KBA) said on Thursday.
Around 168,000 new passenger cars were registered in Germany in May, according to the KBA.
In the first five months of this year, 990,300 new passenger cars were registered, which was “the lowest figure in this time frame in reunited Germany,” according to the German Association of the Automotive Industry (VDA).
After the “historic slump” of 61 percent in April, Germany's new car market “showed the first signs” of recovery in May, the consulting firm Ernst & Young (EY) noted on Thursday. EY expected the decline in new car registrations in Germany in the coming months to be less severe than in May.
“The state of shock is over,” said Peter Fuss, partner at EY Germany. More German customers dare to visit car dealerships, and the registration offices should soon be operating norma..

France’s €8bn car industry bailout raises hopes of similar UK scheme

Ministers could face growing calls to bail out Britain’s car industry after France stepped in with an €8bn (£7.2bn) rescue package for its own firms.The French government has stakes in both businesses, and the total amount of aid includes a €5bn loan to Renault.The bailout will trigger fresh demands for Britain to look at a similar plan with its car industry in a parlous position, as this video documents.