(Bloomberg) — China vehicle sales fell for the first time in 28 years, raising the prospect of a government-led stimulus to revive demand in the world’s biggest auto market as consumers from Europe to U.S. balk at buying new cars. Deliveries of passenger vehicles to dealers fell 4.1 percent to 23.7 million units last year,… Continue reading China's First Car Sales Dip in 3 Decades Stirs Stimulus Talk
Tag: Brexit
Demand for Combustion Engine Cars May Have Peaked in 2018
No Sale The reign of the fossil fuel-powered car may be ending. In a report published on Sunday, several experts told the Financial Times that they believe sales of fossil fuel-powered internal combustion engine (ICE) vehicles peaked in 2018, meaning that it’s unlikely that more ICE cars will be sold in any future year— and if they’re correct,… Continue reading Demand for Combustion Engine Cars May Have Peaked in 2018
We are telling investors to avoid Tata Motors: Mahantesh Sabarad, SBI Cap Securities
JLR is a worry for Tata Motors and the domestic market may not necessarily help it provide a hedge against the JLR’s poor performance. JLR is a big problem for Tata Motors at this juncture, Mahantesh Sabarad, Head, Retail Research, SBI Cap Securities told in an interview:Edited Excerpts:ET Now: What is your outlook for 2019?… Continue reading We are telling investors to avoid Tata Motors: Mahantesh Sabarad, SBI Cap Securities
‘Grounds for optimism’ over Brexit deal – Clark – Hermann Herald
It comes as leading Conservative Brexiteers urge in favour of a Canada-style agreement. Theresa May said her proposals, which , remain the only viable option for an exit agreement. Mr Clark told Radio that “of course we want a deal”, adding that there “are grounds for optimism that we can can reach an agreement”. 0:22… Continue reading ‘Grounds for optimism’ over Brexit deal – Clark – Hermann Herald
UK car production tumbles in November
Production of cars in the UK tumbled by almost 20% in November compared with a year earlier, according to the industry’s trade body. The Society of Motor Manufacturers and Traders (SMMT) blamed weaker demand in the UK and in export markets. It also said changes in regulation and the introduction of new models and technology… Continue reading UK car production tumbles in November
Truckmaker Volvo builds safety stockpiles to prepare for no-deal Brexit
STOCKHOLM (Reuters) – Sweden’s AB Volvo (VOLVb.ST) has triggered its hard Brexit contingency plans, with the truckmaker building “safety stock” with its British dealers and considering alternative shipping routes to minimise disruption. FILE PHOTO: A worker holds a component for a Volvo truck at the Muller manufacturing facility in Redditch, Britain August 28, 2018. REUTERS/Darren… Continue reading Truckmaker Volvo builds safety stockpiles to prepare for no-deal Brexit
Jaguar Land Rover to ‘axe up to 5,000 jobs’
Automotive industry Analysts say carmaker will outline job cuts in new year as part of drive to combat Brexit and falling sales Up to 5,000 roles at JLS could go in 2019, say analysts. Photograph: Bloomberg/Bloomberg via Getty Images Jaguar Land Rover is planning to announce thousands of job cuts in the new year as… Continue reading Jaguar Land Rover to ‘axe up to 5,000 jobs’
BMW CEO Harald Krueger talks Brexit, future of electric cars – Economic Times
BMW announced the Vision iNext, a fully electric, fully autonomous concept car this week at the Los Angeles Auto Show. In an interview with The Associated Press, CEO Harald Krueger said the company plans to continue to increase its production of electric vehicles and that he has to respect the British decision on Brexit. Go… Continue reading BMW CEO Harald Krueger talks Brexit, future of electric cars – Economic Times
Hoarding for Brexit sparks race for warehouse space in Britain
LEIGHTON BUZZARD, England (Reuters) – In a vast warehouse complex 40 miles north of London, staff are wrestling with ways to cram in more goods after a surge in demand from companies building stockpiles ahead of Brexit. An employee looks up at goods at the Miniclipper Logistics warehouse in Leighton Buzzard, Britain December 3, 2018.… Continue reading Hoarding for Brexit sparks race for warehouse space in Britain
Toyota: no-deal Brexit may cost up to £10m a day in lost production
Brexit Company urges MPs to back Theresa May’s deal to avoid disruption to supply chains Toyota’s plant in Burnaston, Derbyshire. Photograph: Toyota/PA Toyota has said a no-deal Brexit would put production of £10m worth of cars a day at risk as it urged MPs to ratify Theresa May’s deal next week. The deputy managing director… Continue reading Toyota: no-deal Brexit may cost up to £10m a day in lost production