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Following the news today that UK car output declined by 14.2% in 2019 to 1.3 million units – the lowest annual total since 2010; David Leggett, Automotive Editor at GlobalData, a leading data and analytics company, offers his view: “Last year was clearly a difficult one for the UK’s automotive industry. There were pressures at […]
With regular vehicle launches and high localization, Kia Motors pushing right buttons in India, says GlobalData
Following the news that Kia Motors is set to unveil its new concept compact SUV at the upcoming Auto Expo 2020; Animesh Kumar, Director of Automotive Consulting at GlobalData, a leading data and analytics company, offers his view: “One of Kia’s key strategies in India include launching a vehicle every six months. Last year, the […]
Automotive sector is vulnerable to coronavirus impacts, says GlobalData
As the coronavirus crisis deepens, there are rising concerns over the potential economic impact, including for the global automotive industry; David Leggett, Automotive Editor at GlobalData, a leading data and analytics company, offers his view: “We are still at an early stage in this crisis and the authorities’ focus is obviously on direct human health […]
BorgWarner-Delphi Technologies merger a short-term fix for long-term issues ahead, says GlobalData
Following the news that BorgWarner is to acquire Delphi Technologies; Calum MacRae, Director of Automotive Product Development at GlobalData, offers his view: “Similar in rationale to the PSA and FCA merger, the recently announced move by BorgWarner and Delphi Technologies will help the two companies wrestle with the new challenges presented by the CASE megatrends and […]
Sobering attitudes towards autonomous vehicles see long-term forecasts cut by almost half
CES in 2020 saw much more measured attitudes towards autonomous vehicles (AVs) than in previous years. As AV developers move beyond the technical hype and begin to tackle the immense challenge of putting safe self-driving vehicles on the road, many have realised that this goal will take more investment and more time to reach than previously thought, says GlobalData, a leading data and analytics company. Mike Vousden, […]
China weighed heavily on 2019 global light vehicle sales with further decline expected for 2020
In 2019, global light vehicle (LV) sales were at their lowest point since 2015, at 89.8 million, which was 4.8% down on 2018’s 94.3 million total. December’s sales of 8.15 million were 2.3% lower than in December 2018, according to GlobalData, a leading data and analytics company. While the established Triad markets of the US, […]
Subaru sets smart course for electrification, says GlobalData
Following news of Subaru’s long-term targets for electrification of its products; David Leggett, Automotive Editor at GlobalData, a leading data and analytics company, offers his view: “Subaru has set long-term targets for electrification its product range including to make at least 40% of its global sales either electric vehicles (EVs) or hybrids by 2030 rising […]
Isuzu and Honda collaboration a step towards hydrogen economy, says GlobalData
Following today’s news (Wednesday, 15th January) that Isuzu and Honda are to team up on research and development (R&D) for hydrogen fuel-cell powered heavy-duty trucks; David Leggett, Automotive Editor at GlobalData, a leading data and analytics company, offers his view: “Hydrogen fuel-cell technology is not cheap to develop, so the collaboration between Isuzu and Honda makes […]
Decisions needed on Renault-Nissan alliance future, says GlobalData
Following the news that Nissan has issued a statement to downplay suggestions that it could be readying for a possible split with Renault; David Leggett, Automotive Editor at GlobalData, a leading data and analytics company, offers his view: “For both Renault and Nissan, walking away from their global industrial alliance is a difficult step to […]
New Mercedes-Geely JV is good for both, says GlobalData
Following the announcement that Mercedes-Benz and Zhejiang Geely Holding Group have formally established the global joint venture (JV) ‘smart Automobile Co., Ltd’ for the Smart brand after receiving the necessary regulatory approvals; David Leggett, Automotive Editor at GlobalData, a leading data and analytics company, offers his view: “This deal makes a lot of sense for […]
Success of MG Hector attracting more Chinese brands to India, says GlobalData
Following the news that Chinese carmaker SAIC-owned Morris Garages (MG) Motor’s Hector has emerged as the market leader in the mid-size sport utility vehicle (SUV) segment for the second half of 2019 in India; Animesh Kumar, Director of Automotive Consulting at GlobalData, a leading research and consulting company, offers his view: “After the success of […]
UK’s new car market to see another drop of 5% in 2020, not just because of Brexit, says GlobalData
Following the news that the UK new car market slipped back by 2.4% to 2.31 million units sold in 2019; David Leggett, Automotive Editor at GlobalData, a leading data and analytics company, offers his view: “The UK car market’s decline in 2019 reflects a number of negative factors that have come together to depress car […]
T. Rowe Price’s interest in automotive space is still buoyant, says GlobalData
Following the announcement that T. Rowe Price led the US$1.3bn funding in Rivian Automotive; Aurojyoti Bose, Lead Analyst at GlobalData, a leading data and analytics company, offers his view on the global investment management firm’s interest in electric vehicle and autonomous driving space: “T. Rowe Price is once again in the news for its investments […]
Rivian best placed to compete with Tesla in truck and SUV categories, says GlobalData
Following the news that American electric truck startup Rivian Automotive (Rivian) has raised US$1.3bn in new funding; Aurojyoti Bose, Lead Analyst at GlobalData, a leading data and analytics company, offers his view on the start-up’s journey: “In an extremely capital intensive industry such as automotive manufacturing, companies are required to raise billions of dollars and Rivian […]
Collaborations and consolidation in global auto industry will continue in 2020, says GlobalData
Following the news that the boards of PSA Group and Fiat-Chrysler (FCA) have signed off on plans to combine operations and create a leading global group; David Leggett, Automotive Editor at GlobalData, a leading data and analytics company, offers his view: “The planned merger between these two big vehicle makers is not over the line […]
VW makes smart move for driverless vehicles in Qatar, says GlobalData
Following the news that the Qatar Investment Authority (QIA) and Volkswagen (VW) are planning to put electric autonomous vehicles on Doha roads in 2022; David Leggett, Automotive Editor at GlobalData, a leading data and analytics company, offers his view: “This announcement makes sense for both Volkswagen and Qatar. For Volkswagen, it moves the advanced technologies […]
Moka will help Gojek to become leading player in Indonesia’s digital payments industry, says GlobalData
Following the news that Indonesia’s ride-hailing company Gojek is in the final stages of acquiring Jakarta-based mobile point-of-sale (POS) start-up Moka for approximately US$120m; Animesh Kumar, Director of Automotive Consulting at GlobalData, a leading data and analytics company, offers his view: “The move is in line with Gojek’s plan to emerge as a leading player […]
High cost of BS-VI compliant two-wheelers will negate new model launches and impact uptake in India, says GlobalData
Following the news that the cumulative two-wheeler sales of the top four original equipment manufacturers (OEMs) in India declined 16.5% year-on-year in November 2019; Animesh Kumar, Director of Automotive Consulting at GlobalData, a leading research and consulting company, offers his view: “After a satisfactory festive season in October where most OEMs witnessed high dispatch volume, […]
Honda needs a rethink to boost profitability, says GlobalData
Following reports that Honda is considering internal reorganisation to improve operations; David Leggett, Automotive Editor at GlobalData, a leading data and analytics company, offers his view: “Honda needs to change in order to be globally competitive. It is at a natural disadvantage compared to major rivals Toyota and Nissan because of its smaller scale, and […]
Automotive electrification comes at a jobs cost, says GlobalData
Following the news that Volkswagen’s Audi is to cut one in ten jobs to fund the shift to electric vehicles (EVs); Graeme Roberts, Automotive Editor at GlobalData, a leading data and analytics company, offers his view: “Audi has announced a EUR300m spend to retool its Ingolstadt and Neckarlsum factories to produce EVs, which is good […]