Auto Crisis
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Italy Woos Intel Over Multibillion-Euro Chip Plant: Report
Rome is drawing up an offer to try to convince Intel to invest billions of euros in an advanced chipmaking plant in Italy, as Germany emerges as frontrunner to land an even bigger megafactory planned by the U.S. company, three sources said.
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In Mexico's Auto Heartland, Workers Struggle As Chip Shortage Bites
A global semiconductor shortage is hitting Mexico's auto workers hard as employers slash output, reduce shift work and cut jobs due to supply-chain breakdowns.
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Autos, Energy And Migration On U.S., Canada, Mexico Joint Agenda
The three governments want to take advantage of a new trade deal known as the United States-Mexico-Canada Agreement (USMCA) to deepen supply chains, but that push has been clouded by months of wrangling over disputes in the auto industry.
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China Vehicle Sales Fall 9.4% In October 2021: Report
China's auto sales fell in October for a sixth consecutive month, slumping 9.4% from a year earlier, industry data showed on Wednesday, as a prolonged global shortage of semiconductors disrupts production.
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Automakers Say Magnesium Shortage Not A Problem, For Now
European automakers reeling from a global chip shortage have in recent days hastened to assure shareholders that shortages of magnesium are not, for now, a risk to their production plans.
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Italy Woos Intel Over Multibillion-Euro Chip Plant: Report
Rome is drawing up an offer to try to convince Intel to invest billions of euros in an advanced chipmaking plant in Italy, as Germany emerges as frontrunner to land an even bigger megafactory planned by the U.S. company, three sources said.
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China Industry Ministry Expects Auto Chips Shortage To Ease In Q4
China's industry ministry expects the chips shortage that has impacted the automotive sector will ease in the fourth quarter of this year, a government official said on Tuesday.
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Global Automakers Say 2020 Production Plunged In 'Worst Crisis Ever'
Global production of automobiles tumbled by 16 percent last year to a level last seen in 2010 as the industry was pummelled by the coronavirus pandemic, an international carmaker association said Thursday.
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Indian Automakers Fear Container Shortage To Hit Parts Supply, Output
Automakers in India are bracing for a parts shortage and possible production losses over the next three to four months due to a global shortage of available shipping containers.
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Coronavirus: Russia's 2020 Car Sales May See A Slump As Bad As It Was Around The Fall Of The USSR
Tough coronavirus-related measures coupled with the devaluation of the rouble and a big drop in personal incomes could see Russian car sales slump to levels seen around the fall of the Soviet Union in 1991, market participants and experts said.
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U.S. Set To Grant Automakers A Lifeline, But No Bailout: Report
The $2 trillion economic rescue package before the U.S. Senate on Wednesday would send the federal government to the auto industry's rescue for the second time in a dozen years.
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Auto Industry Cautious As China Starts 2020 With Forecast Of A 2% Sales Decline
Automakers in China need to get used to a new normal of "low speed growth" in the world's largest car market, the country's top auto body said on Monday, as it reiterated predictions that sales will likely shrink for the third consecutive year in 2020.
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Passenger Vehicle Sales Down By 1.24% In December 2019; Annual Sales Drop 12.75%
Auto sales took a major hit in 2019 owing to a regressive downturn in the economy. However, the situation seems to be abating gradually as we inch closer to a major change in reforms in the industry in the form of emission and safety norms.
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German Employment Hits Record High In 2019, But Momentum Fades
German employment reached a record high in 2019 as higher labour-market participation and increased immigration of foreign workers more than offset demographic change, the statistics office said.
-
Auto Sales In India In 2019 Witness Biggest Drop In Two Decades
The Indian auto sector had a forgettable year - 2019 - as the industry soldiered on despite one of the worst periods. Sales for passenger vehicles including cars, SUVs and even two-wheelers witnessed a major decline last year, dropping at its lowest in two decades. Apart from the economic slump in the Indian corporate sector, financing issues, elec...
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Italy Woos Intel Over Multibillion-Euro Chip Plant: Report
Rome is drawing up an offer to try to convince Intel to invest billions of euros in an advanced chipmaking plant in Italy, as Germany emerges as frontrunner to land an even bigger megafactory planned by the U.S. company, three sources said.
-
In Mexico's Auto Heartland, Workers Struggle As Chip Shortage Bites
A global semiconductor shortage is hitting Mexico's auto workers hard as employers slash output, reduce shift work and cut jobs due to supply-chain breakdowns.
-
Autos, Energy And Migration On U.S., Canada, Mexico Joint Agenda
The three governments want to take advantage of a new trade deal known as the United States-Mexico-Canada Agreement (USMCA) to deepen supply chains, but that push has been clouded by months of wrangling over disputes in the auto industry.
-
China Vehicle Sales Fall 9.4% In October 2021: Report
China's auto sales fell in October for a sixth consecutive month, slumping 9.4% from a year earlier, industry data showed on Wednesday, as a prolonged global shortage of semiconductors disrupts production.
-
Automakers Say Magnesium Shortage Not A Problem, For Now
European automakers reeling from a global chip shortage have in recent days hastened to assure shareholders that shortages of magnesium are not, for now, a risk to their production plans.
-
Italy Woos Intel Over Multibillion-Euro Chip Plant: Report
Rome is drawing up an offer to try to convince Intel to invest billions of euros in an advanced chipmaking plant in Italy, as Germany emerges as frontrunner to land an even bigger megafactory planned by the U.S. company, three sources said.
-
China Industry Ministry Expects Auto Chips Shortage To Ease In Q4
China's industry ministry expects the chips shortage that has impacted the automotive sector will ease in the fourth quarter of this year, a government official said on Tuesday.
-
Global Automakers Say 2020 Production Plunged In 'Worst Crisis Ever'
Global production of automobiles tumbled by 16 percent last year to a level last seen in 2010 as the industry was pummelled by the coronavirus pandemic, an international carmaker association said Thursday.
-
Indian Automakers Fear Container Shortage To Hit Parts Supply, Output
Automakers in India are bracing for a parts shortage and possible production losses over the next three to four months due to a global shortage of available shipping containers.
-
Coronavirus: Russia's 2020 Car Sales May See A Slump As Bad As It Was Around The Fall Of The USSR
Tough coronavirus-related measures coupled with the devaluation of the rouble and a big drop in personal incomes could see Russian car sales slump to levels seen around the fall of the Soviet Union in 1991, market participants and experts said.
-
U.S. Set To Grant Automakers A Lifeline, But No Bailout: Report
The $2 trillion economic rescue package before the U.S. Senate on Wednesday would send the federal government to the auto industry's rescue for the second time in a dozen years.
-
Auto Industry Cautious As China Starts 2020 With Forecast Of A 2% Sales Decline
Automakers in China need to get used to a new normal of "low speed growth" in the world's largest car market, the country's top auto body said on Monday, as it reiterated predictions that sales will likely shrink for the third consecutive year in 2020.
-
Passenger Vehicle Sales Down By 1.24% In December 2019; Annual Sales Drop 12.75%
Auto sales took a major hit in 2019 owing to a regressive downturn in the economy. However, the situation seems to be abating gradually as we inch closer to a major change in reforms in the industry in the form of emission and safety norms.
-
German Employment Hits Record High In 2019, But Momentum Fades
German employment reached a record high in 2019 as higher labour-market participation and increased immigration of foreign workers more than offset demographic change, the statistics office said.
-
Auto Sales In India In 2019 Witness Biggest Drop In Two Decades
The Indian auto sector had a forgettable year - 2019 - as the industry soldiered on despite one of the worst periods. Sales for passenger vehicles including cars, SUVs and even two-wheelers witnessed a major decline last year, dropping at its lowest in two decades. Apart from the economic slump in the Indian corporate sector, financing issues, elec...
