Coronavirus Boosts Cheap Cars, But Europeans Will Lose Out To Chinese. “85% of consumers want to purchase cars that include hygiene and wellness features like air filters, health monitoring of passengers, and the use of sterilizing UV LED lights” The coronavirus has forced people off dangerous public transport and back into their cosy, safe, sanitized […]
Tag Archives | Coronavirus
Coronavirus Shaking Up Car Buying, As Millennials Suddenly Love Them
Coronavirus Shaking Up Car Buying, As Millennials Suddenly Love Them. Millennials leading car ownership would have been unthinkable, particularly in terms of buying non-electric cars. The industry should recognize that there is a new market” Millennials are said to despise the fossil-fuel powered car, embrace public transport, worry about climate change above all else and […]
Global Autos On Track For Cherished “V” Recovery But Will It Stall?
Global Autos On Track For Cherished “V” Recovery But Will It Stall? “The speed of the recovery, given the nature of the pandemic shock, has been surprisingly strong. However, the key question is whether this level of sales can be and will be sustained.” Automotive industry investors’ hopes for a “V” shaped global recovery from […]
BMW Shocks Investors With Big Loss, But Expects Small Profit For The Year
BMW Shocks Investors With Big Loss, But Expects Small Profit For The Year. “Our swift responsiveness and consistent management strategy enabled us to limit the impact of the corona pandemic on BMW during the first half of the year,” Oliver Zipse BMW lost a record amount of money in the coronavirus-stricken second quarter, but still […]
Europe Bottoms Out, But Bloated Industry Needs To Slash To Survive
Europe Bottoms Out, But Bloated Industry Needs To Slash To Survive. “The fact remains the Western European auto market is in deep crisis” Europe’s carmakers look like avoiding the worst predictions of coronavirus disaster, but that won’t avoid severe pain in the industry because it has too many factories and workers and needs cuts to […]
Ferrari Shrugs Off Coronavirus: Electric Cars, SUVs Could Transform Future
Ferrari Shrugs Off Coronavirus: Electric Cars, SUVs Could Transform Future. “In many ways 2020 earnings do not matter, only the magnitude of the rebound in 2021” Some investors think Italian luxury sports-car maker Ferrari might be losing its allure, while others see long-term sales bounding ahead as it rides the electric car wave and embraces […]
Europe Faces Biggest Threat From Coronavirus
Europe Faces Biggest Threat From Coronavirus. “The auto industry is much better prepared than for the 2008-2009 recession, with ample liquidity, more manageable cost structures, more efficient automotive supply chains and a focus on earning returns” Europe’s auto industry will be the hardest hit by the coronavirus crisis, but sales loss projections are being scaled […]
German Auto Industry Aid Too Weak And Will Require Top-Up
German Auto Industry Aid Too Weak And Will Require Top-Up. The plan isn’t perfect but it should be a wake-up call ahead of the EU’s €750 billion recovery and resilience fund” Germany’s financial incentives to rescue its coronavirus-damaged auto manufacturers is too weak and will have to be topped up again before the end of […]
Coronavirus Damage To Auto Sales Will Benefit CO2 Compliance.
Coronavirus Damage To Auto Sales Will Benefit CO2 Compliance. “We see VW as the prime beneficiary of higher German subsidies, followed by BMW. Daimler has a less competitive EV product” As German politicians squabble about the scale and detail of its massive stimulus package, the impact of the coronavirus looks like actually helping European auto […]
Coronavirus Damage To Auto Sales Will Benefit CO2 Compliance
Coronavirus Damage To Auto Sales Will Benefit CO2 Compliance. “We see VW as the prime beneficiary of higher German subsidies, followed by BMW. Daimler has a less competitive EV product” As German politicians squabble about the scale and detail of its massive stimulus package, the impact of the coronavirus looks like actually helping European auto […]