The growing digitalization of the entrepreneurial space has revolutionized how the automotive industry works. People’s increasing reliance on online-based channels and their demands for a digitally-enhanced experience when looking for their next purchase have pushed ventures to implement measures designed to meet consumer needs. Highly cognizant of the changes in […]
industry
The growing digitalization of the entrepreneurial space has revolutionized how the automotive industry works. People’s increasing reliance on online-based channels and their demands for a digitally-enhanced experience when looking for their next purchase have pushed ventures to implement measures designed to meet consumer needs. Highly cognizant of the changes in […]
After signs of a rebound in December, an analyst forecasts that Thailand’s market will bottom out in 2021, even as volumes for the year are still expected to be down on 2020. Thailand’s new vehicle market rebounded strongly in December 2020, with sales rising by over 7% to 95,636 units […]
By John P. Mello Jr. Feb 9, 2021 4:07 AM PT Global sales of electric vehicles in 2020 surged despite a drop in overall sales of passenger cars, a market research firm reported Monday. Sales of EVs jumped 39 percent globally, reaching 3.1 million units, while sales of passenger vehicles […]
The coronavirus pandemic pushed UK car sales in 2020 down to the lowest level since 1992, the biggest annual slump since the second world war despite surging sales of electric cars, according to industry data. Sales fell by 29% during the year to about 1.63m, preliminary figures from the Society […]
Many of the modifications occurring within the automotive market at present, including tightened credit score markets in a capital-intensive trade and increased authorities involvement are the newest world challenges. Severability. If any a part of this settlement to arbitrate is discovered by a court docket of competent jurisdiction to be unenforceable, […]
Getty Images The UK car industry has called for a financial support package and warned that 1 in 6 jobs could be lost due to coronavirus. A third of automotive workers are still furloughed, and more than 6,000 UK automotive job cuts have been announced in June as a result […]
Thousands of unwanted new and used cars at Thurleigh Airfield in Bedfordshire, England. Photo: Chris Gorman/Getty Images A third of the automotive industry workforce in the UK is still on furlough after coronavirus lockdowns and a collapse in demand brought the sector to a near-total halt in the past couple […]
The UK car industry’s trade body says one in six jobs are at risk of redundancy without help from the government in restarting production. The Society of Motor Manufacturers and Traders (SMMT) said emergency funding, permanent short-time working, business rate holidays, and VAT cuts are needed to stem the flow […]