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Automotive

COVID-19 spike clouds US vehicle market outlook, says GlobalData

Following news that COVID-19 cases are on the rise in a number of US States, prompting new restrictions on populations; Calum MacRae, Automotive Analyst at GlobalData, a leading data and analytics company, offers his view: “Rising COVID-19 cases in the US brings further downside to GlobalData’s US light vehicle sales forecast. Increasing infection rates in […]
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Europe’s light vehicle market faces long recovery climb

Following ACEA’s latest assessment that new car sales in the European Union will fall by 25% in 2020; David Leggett, Automotive Analyst at GlobalData, a leading data and analytics company, offers his views: “In May, the European passenger car market (EU+EFTA+UK) suffered another sharp drop, with new registrations falling by 57.2% on last year. “However, […]
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BMW and Mercedes reset autonomous drive collaboration due to COVID-19

Following the news that BMW and Mercedes-Benz are putting their autonomous drive technology collaboration on hold; David Leggett, Automotive Analyst at GlobalData, a leading data and analytics company, offers his view: “The two companies cited the cost of developing a new next generation shared autonomous drive technology platform, as well as current business and economic […]
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Financial aid to auto parts suppliers in South Korea key for healthy supply chain and timely recovery, says GlobalData

Following the news that South Korea will provide US$830m from state fund to support auto parts suppliers; Animesh Kumar, Director of Automotive Consulting at GlobalData, a leading research and consulting company, offers his view: “Auto components is the third industry to receive support from state funds after shipping and the airline industry. Companies with minimum […]
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Global vehicle market is over the worst, says GlobalData

Data compiled by GlobalData, a leading data and analytics company, shows that global light vehicle sales fell 33.8% in May to 4.9 million from 7.5 million a year ago. “The May result is is an improvement on April’s showing when sales fell 47.5% bringing a record low SAAR for the global market,” says Calum MacRae, […]
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Honda’s Hynex Mobility venture with Neusoft in China will boost advancement in connected car technology, says GlobalData

Following the news that Honda Motor (China) Investment, a wholly-owned Honda subsidiary in China, and Neusoft Reach Automotive Technology (Shanghai) have established a new joint venture company Hynex Mobility Service in Dalian, northeastern Liaoning Province, to accelerate future mobility services in the world’s largest automotive market; Animesh Kumar, Director of Automotive Consulting at GlobalData, a […]
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Turkey suppliers on course for boom as Europe’s auto industry recovers

Following the news that the Automotive Suppliers Association of Turkey (TAYSAD) has announced a campaign promoting Turkey’s credentials as a reliable automotive producer; Calum MacRae, Automotive Analyst at GlobalData, a leading data and analytics company, offers his view: “The COVID-19 pandemic has highlighted the fragile nature of automotive manufacturing supply chains that stretch across the […]
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