As Europe is grappling with the health, social and economic impacts of COVID-19, the European Automobile Manufacturers’ Association has set out four guiding principles for a successful re-launch of the auto industry, which will be vital to the wider economic recovery of the continent. “It is in Europe’s interest that this key strategic sector not … [Read more...]
Newslines 10 April
Nissan wants $4.6 billion from major lenders to cushion the impact of the coronavirus pandemic. It’s been hit by falling demand, management shake ups and now the global effects of the coronavirus on production lines after years of expansion. Worried executives in the German car industry want the Government to lift the lockdown on dealerships now … [Read more...]
Coronavirus hits over 1.4M vehicles
Over 1.4M new vehicles have been lost to production shutdowns across Europe as the Coronavirus develops. Factory shutdowns as a result of the COVID-19 crisis have resulted in lost production amounting to 1,465,415 said the European Automobile Manufacturers’ Association. This figure – covering passenger cars, trucks, vans, buses and coaches – is up from … [Read more...]
Warning for motor industry future as Aston Martin take orders
The jobs of at least 1,110,107 Europeans working in automobile manufacturing are affected by factory shutdowns as a result of the COVID-19 crisis, according to data compiled by the European Automobile Manufacturers’ Association. This figure only refers to those people directly employed by car, truck, van and bus manufacturers – the impact on the wider … [Read more...]
Volvo’s new horizons
Volvo Cars has its eyes firmly set on the future as it celebrated the 10-year anniversary of its acquisition by Zhejiang Geely Holding on 28 March. The company has seen a complete transformation of its business under Geely ownership, changing from a purely European firm to a truly global and strong player in the premium car market, racking up record sales, … [Read more...]
World car production and sales plunge
IHS Markit forecasts used by automakers and suppliers for strategic decisions has downgraded its assessments across "virtually all regions." It called the coronavirus pandemic "the single biggest risk factor facing the auto industry for many years," reports Automotive News Europe. Global sales will fall by more than 12 percent this year to 78.8 million … [Read more...]
Car makers want urgent comprehensive support
The effect of the coronavirus on society and the global economy is unprecedented with grave consequences for the automobile industry, say European car makers. Indeed, most of the members of the European Automobile Manufacturers’ Association have already announced temporary closures of plants due to collapsing demand, supply shortages, and government … [Read more...]
Car makers want urgent talks over future
The car-makers want detailed talks with British Government in the light of the corona virus and implications for the industry struggling with falling demand. The industry employs over 823,000 in Britain and Mike Hawes, SMMT Chief Executive said, “We welcome the additional and significant emergency support for business announced by the Chancellor. “The UK … [Read more...]
Auto Vivendi add more Aston Martins to stable
Auto Vivendi, one of the UK’s leading providers of supercar-related lifestyle experiences, has taken delivery of six Aston Martins at the company’s sports car home and global headquarters, Gaydon. The six Aston Martins comprise Vantage, DB11 Volante, DBS Superleggera and three DBS Superleggera Volantes, and account for 25 per cent of Auto … [Read more...]
Budget of hope to smooth rough ride ahead
The Budget provides something for today’s and tomorrow’s drivers, said RAC head of policy Nicholas Lyes. “Today the Chancellor has given a boost to drivers of today’s vehicles with a fuel duty freeze while also investing in tomorrow with funding for rapid charging hubs for electric vehicles, an extension to the plug-in car grant, funding to repair Britain’s … [Read more...]
