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Tag Archives: Putin’s War
Putin’s War Clouds BMW Group Media Day
Unaddressed in formal statements were two key concerns for the German auto industry – Germany’s over-dependence on Russian natural gas, and it’s dealings with totalitarian communist states including China where BMW and other German makers, suppliers and brands have extensive holdings – Audi, Daimler, Mercedes-Benz, Porsche, among others. Continue reading
West European Car Sales Flat Before Russian War On Ukraine
Our 2022 PV forecast has become more cautious since last month as supply bottlenecks are expected to be exacerbated from Russia’s invasion of Ukraine and the resulting sanctions. The selling rate is still anticipated to improve over the course of 2022 but at a slower rate than we forecast last month. Aside from the supply disruption, downward pressure is building on underlying demand through inflation and confidence,” LMC warned. Continue reading
Posted in economy, sales
Tagged auto industry commentary, autoinformed.com, Ken Zino, Putin’s War, Ukraine, West European Car Sales
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State of Our Union and the Auto Industry
The auto industry’s economic impact reaches all 50 states, sustaining 10 million American jobs and more than $650 billion in paychecks. The Biden Administration – in the face of Republican opposition and treasonous praise for Putin’s war against Ukraine – has proposed a forward-looking plan that will help the auto industry continue to provide economic growth via a cleaner, safer and smarter automotive future. We need to control our destiny here. This is clear. We need to rid ourselves of alleged leaders who mock our alliances, favor rich despots and are long on talk, but weak on foreign policy and even weaker on our defense. Continue reading
Ford “Suspends” Russian Van Manufacturing and Sales
Today Ford Motor said its Russian operations of commercial van manufacturing and Russian sales through a minority interest in the Sollers-Ford joint venture are suspended effective immediately. Continue reading
EU Registrations: Q1 -12.3%, March -20.5%
The ongoing supply chain interruptions, further exacerbated by Russia’s invasion of Ukraine, negatively affected car production. As a result, most countries in the region recorded double-digit drops in sales, including the four key markets: Spain (-30.2%), Italy (-29.7%), France (-19.5%) and Germany (-17.5%). This compares to Passenger car registrations: -6.4% first two months of 2022; -6.7% in February, which means the trend line is increasingly negative. Continue reading →