Auto Technology Revolution Looks Unstoppable, But Slow. “This highlights consumers’ hesitation to adopt electric vehicles as the cost comparison with traditional ICE vehicles does not favor them and consumers are not yet convinced about their utility” It’s not saying much to declare that Europe will see more electric cars launched this year than 2018, but […]
Ford Europe’s Revival Plan Disappoints Investors. “Ford Europe doesn’t have the scale required to be profitable. The latest plan was too little too late. Unless a partner is found, Ford might be forced to shut one a factory or sell leave Europe” Ford Europe’s plan for a return to profitability was short on content and […]
JLR Needs To Shake-up Jaguar, Own Up To Missteps. “Blaming external factors for cutting costs and capex and turning around China should only be one part of the solution. JLR’s issues are certainly more strategic and operational rather than externally driven” British-based and Tata Motors of India-owned Jaguar Land Rover slashed its workforce by 10% […]
Ford Motor Stays In Loss-Making Europe, For now. “Everything is possible if we can’t get the reset done” COLOGNE, Germany – Ford Motor’s loss-making European subsidiary will lay off thousands of workers and slash its model line-up to concentrate on profitable vehicles. Ford said it will stay in Europe but if it can’t restore profitability, […]
Jaguar Land Rover Slashes Workforce To Restore Bottom Line. “Decisive action will help deliver resilient long-term growth as Jaguar Land Rover implements cost and profit improvements” Jaguar Land Rover said Thursday it will cut about 10% of its workforce as part of its plan to restore profitability, decimated by falling sales in China, a slump […]
European Car Sales Growth Likely To Stall In 2019. “Fitch Ratings expects what it called the stable outlook for the European auto sector to come under pressure in 2019 as sales weaken” Auto sales in Western Europe will come under pressure in 2019 as economic growth starts to wobble, and the market recovers from the […]
U.S. Auto Sales Boom Will Finally End In 2019; Surely? “In 2019, the U.S. light vehicle market will drop below 17 million for the first time since 2014” U.S. auto sales are finally set to decline in 2019, although the end of the current boom has often been predicted and failed to materialize. Most experts […]
Global Auto Sales Growth Looks Doomed In 2019. “the “fat years” in the automotive industry are over for now” Global car and SUV sales in 2019 are expected to fall slightly as the world economy stumbles, and the days of easy profits since the financial crisis for the world’s carmakers are coming to an end. […]
Jeep Wrangler Flops European Safety Tests. Sales Unlikely To Be Affected. “I wouldn’t say the new Wrangler is inherently unsafe, but consumers should know and understand what the vehicle’s inherent mission is” You would think that Jeep’s ambitious plans to sell up to 12,000 high profit margin new Wranglers in Europe a year would be […]
Carmakers Attack EU Fuel Economy Targets. Environmentalists Say New Rules Aren’t Tough Enough. “Delivering a 37.5% CO2 reduction might sound plausible, but is totally unrealistic based on where we stand today” The European Union agreed tough automobile fuel economy targets for 2030 and was quickly attacked by vehicle makers for being unrealistic, while environmentalists said […]
