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Automotive

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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Optimum asset utilization crucial for shared mobility companies’ recovery in Southeast Asia, says GlobalData

Following the news that the overall revenues of Singapore-based tech giant Grab have been pulled down by its core ride-hailing segment as people continue to stay at home due to coronavirus (COVID-19) outbreak; Animesh Kumar, Director of Automotive Consulting at GlobalData, a leading research and consulting company, offers his view: “Southeast Asian countries have taken […]
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ASEAN vehicle sales sharply lower in Q1

Sales of new vehicles in southeast Asia’s six largest markets combined are estimated to have declined by over 19% to 700,528 units in the first quarter of 2020, according to GlobalData, a leading data and analytics company. “The ASEAN vehicle market largely shrugged off the threat of COVID-19 in the first two months of the […]
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Mexican factory restart delays could scupper US automaker restarts

Following the news that the Mexican Government has pushed back the restart date for the Mexican auto sector to 1st June; Calum MacRae, Automotive Analyst at GlobalData, a leading data and analytics company, offers his view: “If enforced, this would have deep ramifications for vehicle assemblers in North America due to intertwined component trading that […]
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Auto industry faces sharper downturn than financial crisis of 2007/8

Even as automotive manufacturers tentatively restart production lines after the COVID-19 crisis disruptions, the global automotive industry faces a hit to the market that will be greater than in the 2007/8 financial crisis, says GlobalData, a leading data and analytics company. David Leggett, Automotive Editor at GlobalData, comments: “GlobalData’s base COVID-19 light vehicle sales scenario […]
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Nissan should axe Datsun brand

Following the news that Nissan is close to deciding to axe its Datsun brand; David Leggett, Automotive Editor at GlobalData, a leading data and analytics company, offers his view: “Car companies find themselves in extraordinary times right now due to the COVID-19 crisis and the impact of lockdowns and economic recession on sales. A key […]
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Auto companies lose US$564bn in market cap in Q1 2020, says GlobalData

The cumulative market capitalization of automotive companies has fallen by US$564bn in the first quarter (Q1) of 2020 as the COVID-19 crisis battered the share prices across the sector, says GlobalData, a leading data and analytics company. Calum MacRae, Automotive Analyst at GlobalData, comments: “We are seeing a short-term decimation of vehicle demand globally and […]
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Policy reforms and stimulus package crucial to bring India’s auto industry back on track, says GlobalData

Following the news that auto industry heads met Minister of Heavy Industries and Public Enterprise to seek urgent government help; Bakar Sadik Agwan, Senior Automotive Consultant at GlobalData, a leading research and consulting company, offers his view: “Automotive industry is among the sectors excluded from the list of ‘essential services’ since the announcement of lockdown […]
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