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As average vehicle CO2 emissions trend upwards in Europe, carmakers are looking to form ‘pools’ that can help avoid large fines under new tighter EU CO2 emission rules that come into force in 2021. Dave Leggett, Automotive Editor at GlobalData, a leading data and analytics company, offers his view: “Average CO2 emissions for new cars […]
Lyft may wow investors but big ride-hail question-marks remains
Ride-hail firm Lyft is set to debut on the Nasdaq stock market today (29 March) with shares priced at US$72, ahead of the initial guidance range of $62-$68 amid expectations of high demand. Dave Leggett, Automotive Editor at GlobalData, a leading data and analytics company, offers his view: “Ride-hail or ride-share start-ups are widely seen […]
Ford takes the axe to operations in Russia, but cost-cutting is no solution to its problems
Ford has announced that it will end passenger car production and shut plants at its Sollers joint venture in Russia as part of a restructure to operations there. Dave Leggett, Automotive Editor at GlobalData, a leading data and analytics company, offers his view: “Ford profits have been on a declining path and it should come […]
Daimler-Geely JV moving Smart to China with all-electric product renewal makes sense for both
News has emerged today (28 March) that Daimler has struck a deal with Geely for a 50:50 joint venture based in China to develop and operate the Smart brand globally as an all-electric carmaker. Dave Leggett, Automotive Editor at GlobalData, a leading data and analytics company, offers his view: “This deal makes a lot of […]