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GlobalData
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Automotive

Toyota planned production uptick encouraging, says GlobalData

Following the news that Toyota is planning to make 800,000 vehicles globally in December, partially recovering recent months’ lost production due to the parts supply crisis; David Leggett, Automotive Analyst at GlobalData, a leading data and analytics company, offers his view; “After months of forced cutbacks to production due to parts supply disruption, December’s Toyota […]
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Paul Weiss Rifkind Wharton & Garrison and Kirkland & Ellis were top M&A legal advisers by value and volume in automotive sector for Q1-Q3 2021, finds GlobalData

Paul Weiss Rifkind Wharton & Garrison and Kirkland & Ellis have been found by GlobalData to be the top mergers and acquisitions (M&A) legal advisers in the automotive sector for Q1-Q3 2021 by value and volume, respectively. The leading data and analytics company’s Financial Deals Database reveals that Paul Weiss Rifkind Wharton & Garrison advised […]
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Foxconn sets new milestone with three EV prototypes, says GlobalData

Following the news that Taiwan smartphone maker Foxconn showcased three electric vehicle (EV) prototypes under its own ‘Foxtron’ brand; Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading data and analytics company, offers his view: “Foxtron is a joint venture between Foxconn and Taiwanese car maker Yulon Motor Co Ltd. The prototypes, which […]
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Nissan ready for next-gen vehicle manufacturing with intelligent factory in Japan, says GlobalData

Nissan Motor Corporation has unveiled ‘Intelligent Factory’ initiative to use artificial intelligence (AI), IoT and robotics to manufacture next-generation vehicles and a zero-emission production system in Japan. With the ‘smart’ factory, Nissan is heading in the direction where most of the players will be ensuing soon, says GlobalData, a leading data and analytics company. Out […]
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China aims for sustainable EV economy with revision in policy, says GlobalData

China’s success in vehicle electrification is highly attributable to the conducive government policies that subsidized the electric vehicle (EV) manufacturing besides sale, and penalizing the higher carbon-emitting internal combustion vehicles. Additionally, China is likely to replace its present green car credit system with a new policy that will largely focuses on reducing the carbon emissions. […]
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Foxconn EV production plan back in motion with Lordstown Motors’ Ohio plant acquisition, says GlobalData

Following the news that Taiwanese iPhone maker Foxconn acquires Lordstown Motors’ Ohio electric vehicle (EV) factory for $230m; Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading data and analytics company, offers his view: “The acquisition is a milestone for Foxconn’s US EV ambition which came to a standstill with uncertainty looming over […]
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Two, three-wheelers and buses at forefront of India’s electrification agenda, says GlobalData

Vehicle electrification has become a strategic priority for the stakeholders of the automotive market in India. Therefore, everybody is undergoing the essential ‘upskilling’ phase to be future-ready for electric vehicles (EV). To give an impetus to this idea, India plans to prioritize the electrification of the two-wheelers, three-wheelers and buses, says GlobalData, a leading data […]
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Foxconn’s EV ambition to take-off in Thailand, says GlobalData

Taiwan-based smartphone manufacturing giant Hon Hai Precision Industry Co. (Foxconn) and state-owned oil supplier PTT PLC have signed an agreement to start electric vehicle (EV) manufacturing facility in Thailand.  The agreement, which follows the memorandum of understanding (MoU) signed between the parties for cooperation on EVs in June 2021, will help Foxconn in taking-off its […]
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Cross-sector study shows auto industry as a Covid recovery leader

Analysis by GlobalData, a leading data and analytics company, suggests the auto industry is emerging as a relatively strong performer in the pandemic recovery. GlobalData has created sector activity indices (derived from company data) and undertaken an analysis from across 18 industries, comparing pre-pandemic activity levels with those up to the second quarter of this […]
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Parts shortages continue to bite for Toyota with risks to profit outlook rising, says GlobalData

Following the news that Toyota is planning further big cuts to global output plans for September (minus 70,000-units on previous plan) and October (minus 330,000 units on previous plan); David Leggett, Automotive Analyst at GlobalData, a leading data and analytics company, offers his view: “Shortages of semiconductors and other parts from Toyota’s low-cost supply chain […]
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Hyundai aims to re-energize commercial vehicle market with hydrogen fuel cell technology, says GlobalData

Following the news that South Korean automaker Hyundai plans to offer hydrogen fuel cell versions of all its commercial vehicles by 2028; Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading data and analytics company, offers his view: “Hyundai’s announcement to feature fuel cell electric or battery electric powertrains, as well as the […]
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