Automotive industry Automotive industry has also lost at least 11,000 across the UK since the pandemic The production line at Nissan’s factory in Sunderland. The number of cars built in the UK over the past six months has slumped to its lowest since wartime rationing ended. Photograph: Owen Humphreys/PA The UK car industry produced the… Continue reading Covid-19 slashes UK car output to level last seen in 1954
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UK car dealership Pendragon to cut 1,800 jobs
Job losses Owner of dealers such as Evans Halshaw to shed head office and showroom staff as Covid-19 deepens industry crisis Coronavirus – latest updates See all our coronavirus coverage Pendragon started to review its operations well before the coronavirus struck but the pandemic has seriously affected the industry. Photograph: Jacob King/PA The UK car… Continue reading UK car dealership Pendragon to cut 1,800 jobs
The 3 basic priorities that dealers and the automotive sector must take into account today
July 30, 2020 Category: Faconauto News The Proassa magazine for July analyzes the situation in the automotive sector and provides data on the forecasts for the future. The automotive sector is one before the pandemic, and a different one after the impact of COVID-19. The priorities of the concessionaires’ business have changed and their objectives… Continue reading The 3 basic priorities that dealers and the automotive sector must take into account today
The automotive subscription model: opportunities and risks for dealers
July 30, 2020 Category: Faconauto News This service can represent a new business opportunity for dealers and a revolution in the way of acquiring vehicles. Consumption trends have been radically transformed after the impact of the coronavirus. If prior to the pandemic the concept of ownership was in full transition, change has accelerated in recent… Continue reading The automotive subscription model: opportunities and risks for dealers
Volkswagen boss: Herbert Diess receives surprising internal backing
Herbert Diess According to insiders, he barely escaped a layoff, but lost the position as head of the main VW brand, which he held alongside his duties as group leader. (Photo: dpa) Düsseldorf After the turmoil of the past few weeks and speculation about a possible replacement Volkswagen-Boss Herbert Diess received unusual backing from the… Continue reading Volkswagen boss: Herbert Diess receives surprising internal backing
Tesla Gigafactory Texas shows its crazy potential in size comparison with other Tesla factories
Tesla Gigafactory Texas in Austin has some crazy potential for growth based on the size of the land the automaker acquired, which is shown in this interesting new size comparison with other Tesla factories. This new project is exciting for Tesla on many levels. It is going to be the production site for Cybertruck and… Continue reading Tesla Gigafactory Texas shows its crazy potential in size comparison with other Tesla factories
Uber halts move to shift Asia HQ to HK, to extend stay in Singapore
Uber Technologies Inc on Thursday halted a plan to move its Asian headquarters to Hong Kong in another business blow for the Chinese-ruled city, choosing to extend its stay in Singapore until at least December 2022. The firm’s announcement comes after China enacted a national security law for Hong Kong, which has stirred worries over… Continue reading Uber halts move to shift Asia HQ to HK, to extend stay in Singapore
@Mazda: Mazda Production and Sales Results for June 2020 and for January through June 2020
TOKYO, July 30, 2020 – (JCN Newswire) – Mazda Motor Corporation’s production and sales results for June 2020 and for January through June 2020 are summarized below. I. Production 1. Domestic Production (1) June 2020Mazda’s domestic production volume in June 2020 decreased 59.4% year on year due to decreased production of passenger and commercial vehicles.… Continue reading @Mazda: Mazda Production and Sales Results for June 2020 and for January through June 2020
Dax sells over 2 percent – Volkswagen deep in the red
After his days of lethargy with courses between 12,800 and 12,900 points, theDax clearly decided on Thursday to go down. The leading index dropped by a good 300 points to 12,524.84 points, which meant a minus of 2.3 percent. The MDax of medium-sized stocks fell on Thursday by 1.4 percent to 26,463 points, the Eurozone… Continue reading Dax sells over 2 percent – Volkswagen deep in the red
Porsche’s return targets are a long way off
The sports car maker tooPorschepays in the Corona crisis a strong profit and sees its long-term return targets moving far away. Porsche AG’s operating result fell by more than a quarter to a good EUR 1.2 billion in the first half of the year, as can be seen from the parent company’s Volkswagen annual report… Continue reading Porsche’s return targets are a long way off