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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 […]
Rising Visegrad 4 automotive industry wages are squeezing margins but could ease, says GlobalData
Relentless pressure on workforce availability, and in some cases governmental decrees, is continuing to drive up wages in Visegrad 4 countries* in Central and Eastern Europe, says GlobalData, a leading data and analytics company. Visegrad 4 countries are continuing to reap the benefits of a manufacturing boom in the past few years as a significant […]
Hyundai looks to Southeast Asia for growth as global market falters, says GlobalData
Following the news that Hyundai Motor has today (26th November 2019) signed a memorandum of understanding (MOU) with the Indonesian Government to build a vehicle manufacturing plant near Jakarta; David Leggett, Automotive Editor at GlobalData, a leading data and analytics company, offers his view: “With a population of 267 million, Indonesia has huge potential for car […]
Tesla pickup truck could secure the brand’s long-term success, says GlobalData
Ahead of tonight’s reveal of the Tesla pickup truck (Thursday 21 November); Mike Vousden, Automotive Analyst at GlobalData, a leading data and analytics company, offers his view on this pivotal model: “Tesla has battled for more than 15 years to achieve consistent profit. No one will question the central role that the company’s ground-breaking electric […]
Aston Martin places its bets on China’s economy for new DBX success, says GlobalData
Following the news that Aston Martin is entering a new segment with its Wales-made DBX luxury crossover; David Leggett, Automotive Editor at GlobalData, a leading data and analytics company, offers his view: “The stakes are very high for Aston Martin with this model, which takes the company into a new segment and – the company […]
European car market outlook is weak, despite October’s jump, says GlobalData
Following the release of the European Automobile Manufacturers’ Association’s (ACEA) EU car market figures for October; David Leggett, Automotive Editor at GlobalData, a leading data and analytics company, offers his view: “Growth recorded in October for the EU’s car market looks healthy at first glance. However, much of that growth reflects changes to the EU’s […]
Ford’s electric Mustang is a bold but necessary move, says GlobalData
Following the news that Ford is to introduce an electric sport utility vehicle (SUV) in 2020; David Leggett, Automotive Editor at GlobalData, a leading data and analytics company, offers his view: “It is certainly a bold move by Ford to lend the Mustang name to an upcoming all-electric SUV. The idea is to promote the […]
Berlin to be the first site of Tesla’s European factory as expansion plans move forward, says GlobalData
Tesla has recently announced that it will be building its first Europe-based manufacturing plant in Berlin, Germany. This gives Tesla direct access to the European electric vehicles (EV) market, which is expected to be the next biggest EV market after China, due to the country’s stringent carbon dioxide (CO2) emission regulations, says GlobalData, a leading […]
Nissan’s latest results underline scale of recovery challenge ahead, says GlobalData
Following the release of Nissan’s financial results (12 November 2019), where the company has reported quarterly operating profits are down 70% on last year; David Leggett, Automotive Editor at GlobalData, a leading data and analytics company, offers his view: “The latest set of results from Nissan underlines the scale of the recovery challenge ahead for […]
Malaysia becomes new battleground for Grab and Gojek, says GlobalData
Following the news that Malaysia will allow motorcycle-hailing firms such as Indonesia’s Gojek and local start-up Dego Ride to operate on a limited scale from January 2020; Animesh Kumar, Director of Automotive Consulting at GlobalData, a leading research and consulting company, offers his view: “It is a welcome move in Malaysia, in which ride-hailing user-penetration […]
BYD and Toyota tie-up on BEVs for China makes sense for both, says GlobalData
Following the news that Toyota and BYD are setting up a joint company to develop battery electric vehicles (BEVs) targeted at the Chinese market; David Leggett, Automotive Editor at GlobalData, a leading data and analytics company, offers his view: “This collaboration is a way to save costs and position both companies to capitalise on China’s […]
Vauxhall concerns are ignited by PSA/FCA merger proposal, says GlobalData
Following the news that the proposed merger between PSA and FCA is creating concerns over the implications for PSA-owned UK brand Vauxhall and future prospects for its UK manufacturing operations; David Leggett, Automotive Editor at GlobalData, a leading data and analytics company, offers his view: “Although the merger proposal, as it stands says that there […]
Indonesia stands out as bright spot for global automotive market, says GlobalData
The global automotive market continues to be in the red due to various factors including declining sales in mature markets, trade war and tariffs, and stringent emission regulations. Against this backdrop, Indonesia looks well-placed to be the pressure release valve that the industry needs, says GlobalData, a leading data and analytics company. Markets that present […]
PSA and FCA merger makes sense for both
Following the news that PSA Group and Fiat-Chrysler (FCA) are in discussions to combine operations and create a leading global group, David Leggett, Automotive Editor at GlobalData, a leading data and analytics company, offers his view: “This news is not unexpected, given that both companies have been actively exploring tie-ups with others to yield cost […]