IHS Markit, whose production projections are cited by automakers, suppliers and research analysts the world over, just took its biggest chop yet to estimates that have been falling all year due to the global chip shortage.
IHS Markit slashed its production forecast for this year by 6.2 percent — or 5.02 million vehicles — and lowered its projection for next year by 9.3 percent, or 8.45 million cars and trucks and it also trimmed its 2023 estimate by 1.1 percent, or 1.05 million units.
Car makers are pushing back against a proposed EU ruling on minimum distances for electric running in hybrids.
The distance is currently 40kms on electricity alone but by January 2024 the legislators want this doubled to 80kms, or about 50 miles.
U.S. auto safety investigators have opened a new probe into 30 million vehicles built by nearly two dozen automakers with potentially defective Takata airbag inflators, according to a government document seen by Reuters.
The National Highway Traffic Safety Administration on Friday opened an engineering analysis into an estimated 30 million U.S. vehicles from the 2001 through 2019 model years.
The cost of collecting and delivering vehicles could increase by up to 20% across the sector says Birmingham-based national vehicle movement and inspection firm DMN Logistics.
Compounding the prospect of cost rises, the driver shortage and lack of stock is also likely to increase lead times, severely affecting SLA performance targets and continuing to have a major impact on the vehicle logistics and the wider automotive sector into Quarter 4 and Q1 2022.
The three highest-value manufacturers are worth more than some of the most recognisable brands on Earth – especially Tesla which is worth the same as Disney, Netflix, Spotify, and Peloton combined.
Tesla is valued higher than its closest seven competitors combined.
Drugs and weapons-related crimes on trains and railway stations in Wales have risen 60% in the last year, figures have revealed.
Stats, obtained by the Welsh Conservatives, revealed a 60% hike in drugs-related crimes from 110 in 2019/20 to 176 in 2020/21 and there was a 63% hike in crime involving weapons from 16 offences in 2019/20 to 26 in 2020/21 and the figures also showed that 2,371 crimes were committed on Transport for Wales trains, stations and lines between 2019 and 2021.
Nissan will again be the Official Automotive Supplier for the 2021 Virgin Money London Marathon, providing a fleet of 100 per cent electric, zero emission vehicles for the event on Sunday 3 October.
The vehicles used will be Nissan’s two electric vehicle models, the Nissan LEAF passenger car and e-NV200 LCV which has both van and passenger car variants.