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.
Author: World_Newz Mon
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 ..
BYD, Jaguar Land Rover in talks to supply auto batteries from UK plant
Chinese new energy vehicle and battery maker BYD is in talks with carmaker Jaguar Land Rover to supply automotive batteries from a UK plant.JLR and BYD are also considering whether to collaborate on electric propulsion development as part of the supply deal.The company is well-known in Europe for selling electric buses.
Automotive Safety Systems Manufacturer Autoliv Romania Revenue Down 2.5% to RON3.9B in 2019
Automotive safety systems manufacturer Autoliv Romania, the local (…). Automotive Safety Systems Manufacturer Autoliv Romania Revenue Down 2.5% to RON3.9B in 2019. Romanian News by Romaniapress.com
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.
Daimler Forges Ahead with Plans for Electric Flagship Sedan
Daimler AG is pushing ahead with plans to produce an all-electric version of its flagship Mercedes S-Class sedan from next year even as it cuts back in other areas to weather a slump in demand across the industry.
Fiat Chrysler Nears $6.9 Billion State-Backed Loan From Intesa
Lender Intesa Sanpaolo SpA is nearing approval of a 6.3 billion-euro ($6.9 billion) credit facility for Fiat Chrysler Automobiles NV, in what would be Europe’s biggest government-backed financing to a carmaker since the start of the coronavirus pandemic.
Aston Martin chief to leave, Mercedes-AMG CEO to replace him
May 24 (Reuters) – Aston Martin Chief Executive Andy Palmer is leaving the business as part of a management shake-up and will be replaced by Tobias Moers, CEO of Mercedes-AMG, a source familiar with the matter told Reuters on Sunday.
The luxury carmaker said in an emailed statement that it is reviewing its management team but declined to comment on Palmer's fate.
Palmer and Germany's Daimler AG, which owns a 5% stake in Aston Martin and supplies the carmaker with Mercedes-AMG engines, also declined to comment.
The Financial Times newspaper had reported earlier that the Aston Martin chief was going to leave as part of a shake-up of its leadership, with an official announcement expected on Tuesday.
Palmer had not been informed of the upcoming announcement, the newspaper reported.
Aston Martin, famed for being fictional secret agent James Bond's car of choice, has seen its share price plummet since floating in October 2018.
The 107-year old British luxury carmaker earlier t..