Automotive executive from across the globe have predicted “profitable growth” in the next five years, despite ongoing vehicle supply and staffing worries.
The past fifty years has seen radical change within industries such as the automotive sector thanks to the advent of technology.
New details have been published of the plan to create a £2.5 billion automotive battery production facility near Coventry.
2021 has been a pivotal year for the automotive industry in many ways. In particular, sales of electric vehicles (EVs) have boomed in numerous countries, most notably in Europe and China.
Auto Trader has reported that 17% of nearly new used cars are now more expensive than their brand-new equivalents as supply shortages continue to stall global car manufacturing.
Ford has committed to investing £230 million to transform its Halewood manufacturing site into its electric vehicle (EV) component manufacturing hub for Europe.
The UK’s car manufacturing sector suffered a 27% year-on-year decline in vehicle production during August as the impact of the global semiconductor microchip shortage began to bite.
Shortages of key components including semiconductor microchips have prompted Jaguar Land Rover (JLR) and Mercedes-Benz to warn fleet customers of lengthy lead times and vehicle specification changes.
Toyota has revealed that it plans to cut its global vehicle production by 40% because of the impact of COVID-triggered semiconductor shortages.
Supply issues resulting from global semiconductor shortages and the ongoing impact of the UK’s COVID-19 ‘pingdemic’ have been blamed for the lowest July new car registrations total since 1998.
Honda’s 3,000-strong workforce at its Swindon manufacturing plant have begun their final shift ahead of the site’s official closure at the end of this week.
The shortage of supply of semiconductors and microprocessors is having a profound impact on the global automotive sector, but how will car makers' strategies evolve to mitigate against the issues.
Almost a third of new car buyers are switching to the used car market in a bid to avoid stock availability issues and gain better value for money, a survey conducted by What Car? has found.
UK’s car manufacturing recovery remained “challenging” after a surge in April production still left the sector's output 15% down on the first four months of 2019, the SMMT has said.
Cox Automotive has warned UK car dealers not to be ‘blindsided’ by the automotive retail sector’s headwinds after the optimism on an April sales regurgence.
Car manufacturers and the Society of Motor Manufacturers and Traders (SMMT) have been accused of “scaremongering” in their efforts to lobby the UK Government over its 2030 ban on diesel and petrol cars.
Society of Motor Manufacturers and Traders (SMMT) chief executive, Mike Hawes, has suggested that the immediate re-opening car dealerships represents the “fastest way to UK automotive manufacturing recovery”.
Bosses at the newly-formed Stellantis car manufacturing super group are said to be poised to make a decision on the future of Vauxhall’s Astra-producing Ellesmere Port plant.
UK car production slumped 29.3% to deliver its lowest output of vehicles since 1984 in a COVID-19 impacted 2020 stalled by plant closures and enforced dealership shut-downs.
The temporary closure of Honda’s Swindon plant due to parts shortages this week could be the “tip of the iceberg” for new car supply issues in 2021.
