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Automotive

China to lead global automotive market recovery, says GlobalData

Following the news that major OEMs in China witnessed strong year-on-year growth in vehicle sales volume in May 2020; Animesh Kumar, Director of Automotive Consulting at GlobalData, a leading research and consulting company, offers his view: “China automotive market was the first to be hit by COVID-19 pandemic. As per China Association of Automobile Manufacturers […]
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Car scrappage scheme would quickly benefit UK economy

Following reports that a scrappage scheme to boost UK vehicle sales is now unlikely; Calum MacRae, Automotive Analyst at GlobalData, a leading data and analytics company, offers his views: “Just a few days ago, it seemed that a £6,000 new car purchase incentive scheme was close to being signed-off, but it looks like the Treasury […]
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COVID-19 recession bites deep into automotive, recovery strategies for companies now vital, says GlobalData

With the vehicle markets decimated across the world due to COVID-19, automotive companies are coming under considerable pressure. However, this is the time to formulate strategies to bounce back and recover from the current economic slump, says GlobalData, a leading data and analytics company. David Leggett, Automotive Analyst at GlobalData, says: “Automotive companies are facing […]
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Electric cars shaping up as growth pole as recovery builds

Following the news that Hyundai Motor Group announced an almost 58% rise in global sales of electric vehicles in the first five months of 2020, to 40,182 units; David Leggett, Automotive Analyst at GlobalData, a leading data and analytics company, offers his view: “Hyundai’s success reflects strong demand in Europe for recently launched electric vehicles […]
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European Governments must move fast to support auto sector

France recently announced plans to inject more than €8bn into its automotive sector; Calum MacRae, Automotive Analyst at GlobalData, a leading data and analytics company, offers his view on the European automotive industry and how other countries should act: “According to GlobalData analysis, West Europe is forecast to bear the brunt of a global industry […]
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UK car production plunge highlights recovery challenge ahead

Following the news that UK car manufacturing plunged by 99.7% in April as the COVID-19 crisis halted production at UK factories; David Leggett, Automotive Analyst at GlobalData, a leading data and analytics company, offers his view: “With UK car plants closed, the April output numbers are no surprise, though they are a stark reminder of […]
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Nissan right to focus on core strengths and cost control

Following today’s news that Nissan will close its Barcelona plant and plans to reduce its global production capacity and number of model offerings by 20% by 2023; David Leggett, Automotive Analyst at GlobalData, a leading data and analytics company, offers his view: “Loss-making Nissan had no real alternative but to cut costs wherever it could. […]
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Renault-Nissan-MMC Alliance on path to €8bn annual cost savings boost

Following today’s news that the members of the Renault-Nissan-Mitsubishi Alliance have agreed a new and deeper ‘cooperation business model’; David Leggett, Automotive Analyst at GlobalData, a leading data and analytics company, offers his view: “The Alliance has delivered substantial benefits to its participants over many years in engineering savings, supply-chain leverage and scale economies. GlobalData […]
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Ford production disruption highlights restart challenges

Following the news that Ford has halted production at its Kansas City assembly plant (Transit side) after a worker tested positive for COVID-19; David Leggett, Automotive Analyst at GlobalData, a leading data and analytics company, offers his view: “The problems encountered by Ford in North America this week follow a shutdown last week at Ford’s […]
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Vans are a bright spot in Europe’s automotive downturn, says GlobalData

Light commercial vehicles (LCVs) including vans are an often overlooked, but important, component of the European light vehicle market, particularly in the current coronavirus crisis, says GlobalData, a leading data and analytics company. Calum MacRae, Automotive Analyst at GlobalData, says: “As online delivery becomes more important to our everyday lives and as we shelter indoors […]
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COVID-19 adds to M&A rationale in autos

Following the news that Exor NV – Fiat-Chrysler’s (FCA’s) largest investor – has confirmed the timing for the proposed FCA-PSA merger for completion by early 2021 as initially announced; David Leggett, Automotive Analyst at GlobalData, a leading data and analytics company, offers his view: “The COVID-19 crisis will be adding pressures for corporate restructuring in […]
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