S&P Global Ratings calculates it will be two years before the global car market picks up and blames weakening demand despite supply chain issues easing. The credit rating agency said worldwide car sales were likely to be flat this year, with Europe performing the worst of all regions and it’ll be late 2024 at the earliest before sales even get near 2019’s level of 90m. Volkswagen is holding … [Read more...]
Newslines 12 November
A new VW all-electric SUV is being planned to go on sale for about £17,400. It will be part of the new range of ID series models the German car maker is preparing as it converts three factories to make the new generation ev-models planned in a probable alliance with Ford. SEAT is this week showing an electric scooter developed with Segway. It’s part of a strategy to widen the car maker’s … [Read more...]