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Automakers face twin short-term challenges: the transition toward producing a higher share of electric vehicles in response to tightening emission legislation and declining volumes in their biggest markets: Europe, China, US.
Following the new and tighter EU CO2 emissions rules for cars sold in Europe coming into effect in 2020, David Leggett, Automotive Editor at GlobalData, a leading data and analytics company, offers his view.
Colliers International today released its Q2 2016 Market Overview for the Czech Republic. The report covers the investment, office, and industrial markets in Prague and throughout the Czech Republic.
Following a long decline, Europe’s once-mighty volume midsize segment is on track for a second consecutive year of rising sales as new models from Skoda, Renault and Toyota lift the sector.
Growth in the Slovak economy, which depends heavily on its auto industry, will slow by 0.1 to 0.2 percentage points this year and by up to 0.3 percentage points in 2017 as a result of the UK’s decision to exit the EU, the country’s finance ministry said.
June new-car sales across western Europe rose by 5.7 percent year on year, LMC Automotive said on Wednesday, despite the first contraction in demand in the UK since last October.
LMC Automotive has changed the forecast of light vehicle sales for the next three years in response to the outcome of the referendum on the withdrawal of Great Britain from the European Union.
The United Kingdom’s stunning decision to abandon the European Union could slash automakers’ profits by billions of dollars and cut new-vehicle sales by nearly a million units over the next three years, top managers warned.
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