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GlobalData
GlobalData

Automotive

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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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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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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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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UK car output slump set to continue

Following the news that UK car output fell 37.6% in March, according to figures released by the Society of Motor Manufacturers and Traders (SMMT) as the COVID-19 crisis shuttered plants; David Leggett, Automotive Analyst at GlobalData, a leading data and analytics company, offers his views: “The UK production numbers for March are in line with […]
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Tesla to suffer as China cuts electric vehicle subsidies

Following the news that China’s electric vehicle (EV) subsidies will now be limited to more affordable, locally built models; Mike Vousden, Automotive Analyst at GlobalData, a leading data and analytics company, offers his views: “China is both the largest vehicle market and the largest market for EVs thanks to subsidies from the government encouraging consumers […]
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COVID-19 forces Ford and others to focus on core

Following the news that Ford has reported a net loss of $2bn for Q1 and put back its launch of driverless vehicles to 2022; David Leggett, Automotive Analyst at GlobalData, a leading data and analytics company, offers his views: “Ford’s Q1 results illustrate the severe impact the COVID-19 crisis is having on companies in the […]
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Sentiments crash for several global automakers

The COVID-19 outbreak has rendered automakers helpless with large-scale supply chain disruptions and retail outlet shutdowns. The troubles are mounting due to supply chain volatility spreading as fast as the virus, which also reflects the in decline in sentiments for several global automakers, says GlobalData, a leading data and analytics company. Several automakers, including BMW, […]
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