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Toyota and FAW Restructure Their Joint Company Management
AutoInformed thinks this really is a giant step toward eliminating Germany luxury car makers as the brands of choice in the Chinese market with a Chinese brand with electric, sports and luxury cars. Continue reading
COVID-19 – 2020 Pebble Beach Concours d’Elegance Cancelled
With the cancellation of this year’s event, the 70th Pebble Beach Concours will now take place on Sunday, August 15, 2021. Continue reading
GM Canada Plans to Make Face Masks in Oshawa
“We plan to manufacture approximately one million masks per month at cost for the Canadian government with an estimate of 50 employees supporting two shifts of production. The project still requires completion of additional work with our governments and our Unifor partners and we will provide updates as we get ready to begin production,” GM Canada said in a statement. Continue reading
March EU Commercial Vehicle Registrations -47.3%
Every vehicle segment was deeply affected by the fallout of the COVID-19 outbreak. All 27 EU markets recorded substantial declines last month. The strongest drops were posted by Italy (-66.1%), Spain (-64.4%) and France (-63.1%). Continue reading
Posted in economy, sales
Tagged acea, auto industry commentary, autoinformed.com, COVID-19 denials, eu commercial vehicle sales, Kenneth Zino
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Toyota Yaris Cross Makes Virtual World Debut
Cross follows last year’s debut of the all-new Yaris, unveiled in October 2019 as the next-generation compact car, which – it was claimed – brought enhanced driving pleasure, the world’s highest level of fuel efficiency for its class thanks to its use of Toyota’s latest hybrid system, as well as advanced safety and security technologies. Continue reading
Daimler Confirms 2020 Group Sales and Revenue Will Decline
“The effect of the COVID-19 pandemic on customer demand, supply chains and vehicle production cannot be assessed with the usual degree of detail and certainty, making the re-evaluation of the forecast for the fiscal year 2020 complex.” Continue reading
Groupe PSA Q1 2020 Revenue -15% at €15.2 Billion
PSA says the outlook is currently difficult to assess and will depend on the scale, duration, and geographic extent of the Covid-19 crisis, as well as the measures taken by the countries concerned. Continue reading
Ford Mustang Touts World’s Best-Selling Sports Car Tag
Mustang sold 102,090 units, according to the most recent new vehicle registration data from IHS Markit, making it the best-selling sports car in the world in 2019. During this period, Mustang sales in Germany increased 33%, in Poland sales rose by nearly 50%, and in France, they nearly doubled from laughably small bases. Continue reading
March Global Light Vehicle Sales Plunge. Prelude to Rest of the 2020 Year or the Trend for Years After?
Almost all major vehicles markets suffered steep year-over-year declines in March. The beginning of a downward spiral of unknown duration, according to consultancy LMC with 2020 dropping to 71 million units compared to, gulp, 90 million in 2019 Continue reading
2020 Commercial Vehicle Production Forecast down -22%
Global commercial vehicle production (GVW 4-8) volumes in 2020 compared to 2019 are forecast to be down -22% or more than 650,000 units to 2.6 million units because of the COVID-19 pandemic, according to the most recent analysis from IHS Markit (NYSE: INFO). Continue reading
FCA Recalls RAM Pick-up Trucks for Bed Step Failures
“In certain side loading conditions, the bed step may unexpectedly fail while in use,” Chrysler said in the required NHTSA filing. Continue reading
Most Say Trump Too Slow in Coronavirus Response
With the Trump administration and many state governors actively considering ways to revive the stalled U.S. economy, the public strikes a decidedly cautious note on easing strict limits on public activity. About twice as many Americans say their greater concern is that state governments will lift restrictions on public activity too quickly (66%) as say it will not happen quickly enough (32%). Continue reading
Toyota Group in Full Production of Medical Face Shields
Based on a policy to be “mindful of the feelings of those in the midst of this pandemic, reach conclusions more swiftly, make prompt decisions, and take immediate action faster than ever focusing on safety and security as the highest priorities,” Toyota and Toyota Group companies will do what they can to help efforts on the front-lines of treatment and in limiting the further spread of COVID-19, which has become society’s biggest priority. The Trump Administration in its daily grievance propaganda confrontational sessions expresses no such emotions about the plague victims in the US. Continue reading →