UK new car sales down 20.6% in May

UK car registrations fell 20.6% to 124,394 units in May as supply shortages continued to hamper new purchases and the fulfilment of existing orders, according to the latest figures from the Society of Motor Manufacturers and Traders (SMMT). It was the ... ...

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AvtoVAZ planning production restart – report

After a period of suspended production due to supply chain difficulties caused by Western sanctions on Russia’s economy, AvtoVAZ is reportedly planning to resume output on 8th June, reports say. Reuters reported that the company said it will resume production of the ... ...

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Analysis: Elon Musk

CEO Elon Musk's "super bad feeling" about the economy could be the auto industry's "canary in the coal mine" moment, signaling a recession for an industry whose bosses have shown no signs of concern. Musk said the electric carmaker needed to ... ...

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Beijing setting up big auto sector incentives – reports

China’s government is reportedly planning to slash auto sector taxes in order to stimulate sluggish demand and help domestic companies. China’s automotive sector is considered by Beijing to be an essential pillar of the economy and the government has not hesitated ... ...

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COVID-19 Will Wreck The Car Industry

Summary The short and long term effects of the pandemic on the car industry are going to be disastrous. The car industry is likely to be hit much worse than other parts of the economy – and this is NOT priced in ... ...

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