Tag: Car Industry

• Tuesday, July 7th 2020 - 09:35 UTC

  Brazil automakers expect sales to reach pre coronavirus levels in 2025

  

  Brazil’s automakers association said on Monday it only expects auto sales to recover to pre-coronavirus levels in 2025, discarding the possibility of a V-shaped recovery and taking on a grim view for the industry.

• Friday, May 8th 2020 - 08:39 UTC

  Michigan and California reopen lockdowns with go ahead for the auto industry

  

  Michigan and California, two U.S. manufacturing powerhouses, acted on Thursday to allow factories to reopen from coronavirus lockdowns over the next few days, as millions more Americans joined the ranks of workers left jobless by the pandemic.

• Wednesday, February 5th 2020 - 06:53 UTC

  UK to ban sale of petrol, diesel and hybrid cars from 2035

  

  Britain will ban the sale of new petrol, diesel and hybrid cars from 2035, five years earlier than planned, in an attempt to reduce air pollution that could herald the end of over a century of reliance on the internal combustion engine.

• Tuesday, April 2nd 2019 - 09:50 UTC

  Sales of new cars in Argentina crash 50% in first quarter of the year

  

  Sales of new cars in Argentina collapsed by almost 50% in the first quarter of 2019, the Association of Automobile Dealers of Argentina (ACARA) said Monday. Sales fell by 49.5% in the year-on-year comparison, with purchases down 50.4% in March year-on-year too, said ACARA.

• Thursday, February 28th 2019 - 08:37 UTC

  Brazilian consortium interested in Ford's Sao Paulo manufacturing plant

  

  Brazilian automaker CAOA, which produces vehicles with Korea’s Hyundai Motor Co and China’s Chery Automobile Co, is in talks to buy a Ford Motor Co plant in the country that is slated to close by 2019, according to sources reported in the Sao Paulo media.

• Wednesday, February 20th 2019 - 09:17 UTC

  Ford closes oldest factory in Sao Paulo and exits heavy trucks business in Brazil

  

  Ford Motor Co. said on Tuesday it will close its oldest factory in Brazil and exit its heavy commercial truck business in South America, a move that could cost more than 2,700 jobs as part of a restructuring meant to end losses around the world. Ford previously said the global reorganization, to impact thousands of jobs and possible plant closures in Europe, would result in US$11 billion in charges.

• Tuesday, February 19th 2019 - 08:54 UTC

  Honda will shut-down its plant in England by 2022; some 3.500 at stake

  

  Japanese car giant Honda is expected to announce the shutdown of its plant in south west England in 2022, putting 3,500 jobs at risk, media reports said on Monday. The car manufacturer is to announce the closure of its Swindon plant on Tuesday, according to Sky News, but still keep its European headquarters in nearby Bracknell.

• Monday, February 4th 2019 - 08:57 UTC

  GM plans to invest US$ 2.5bn over three years in Brazil in return for tax breaks

  

  Automaker General Motors Co is in talks to invest 9 billion reais (US$ 2.5 billion) in the Brazilian state of Sao Paulo over the next three years in return for tax incentives, newspaper Valor Economico has reported.

• Thursday, January 31st 2019 - 09:30 UTC

  UK car industry on “red alert”: Brexit uncertainty had done enormous damage

  

  Investment in the UK car sector almost halved last year and output tumbled as Brexit fears put firms on “red alert”, the industry's trade body said. Inward investment fell 46.5% to £588.6m last year from £1.1bn in 2017, the Society of Motor Manufacturers and Traders (SMMT) says.

• Thursday, January 10th 2019 - 09:07 UTC

  World's biggest vehicle market faces first annual sales fall in twenty years

  

  Car sales in China, the world's biggest vehicle market, have seen their first annual fall in twenty years. Sales fell 6% to 22.7 million units in 2018, according to the China Passenger Car Association (CPCA).