Tag: GlobalData

Goodyear’s sentiments slide in Q4 2019 due to challenging environment – GlobalData

Goodyear’s sentiments slide in Q4 2019 due to challenging environment – GlobalData

30th March 2020 | 0 Comments

Goodyear Tire & Rubber Co.’s (Goodyear) sentiments declined in the fourth quarter (Q4) of 2019 (Quarter ending December 31, 2019) compared to Q3 2019, due to the automotive industry’s challenging environment and distributor concerns, says data and analytics company GlobalData.

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Shutdowns to cost European auto industry £29bn – GlobalData

24th March 2020 | 0 Comments

After a period of sweeping announcements by European automakers that they are halting production at European plants for several weeks, Calum MacRae, automotive analyst at GlobalData, has quantified potential effects on industry forecasting.

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Geneva livestreams ‘may point way ahead for trade shows’

3rd March 2020 | 0 Comments

On the first press day of the cancelled Geneva Motor Show, the organisers are promoting a 'virtual press day' made up of livestreamed carmaker presentations instead of what would have happened at the physical show venue today.

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Insurance discounts ‘will drive dash cam take up’

27th February 2020 | 0 Comments

One in five motor insurance customers were using a dash cam in 2019, according to leading data and analytics company GlobalData’s 2019 UK Consumer Insurance Survey, and Insurtech Inzura’s white-labeled dash cam offering has the potential to increase uptake considerably - reducing premiums for policyholders.

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Johnson’s no-deal threat ‘further cause for concern’ for UK auto industry: GlobalData

26th February 2020 | 0 Comments

Ahead of the trade negotiations between the UK and EU next month, prime minister Boris Johnson has vowed to walk away from the table if political and legal sovereignty conditions are not met.

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Confirmed UK-EU trade barriers ‘worrying for UK auto industry’, says GlobalData

13th February 2020 | 0 Comments

Government cabinet minister Michael Gove has confirmed that trade barriers will be imposed between the UK and the EU post-Brexit, warning businesses to prepare for “significant change.”

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Petrol and diesel car ban brought forward to 2035

Petrol and diesel car ban brought forward to 2035

4th February 2020 | 0 Comments

Having initially committed to banning cars based on petrol, diesel or hybrid engines from 2040, UK prime minister Boris Johnson is now planning to implement the ban from 2035.

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So long, farewell, auf wiedersehen, goodbye EU

So long, farewell, auf wiedersehen, goodbye EU

31st January 2020 | 0 Comments

As the February 2020 issue of Tyres & Accessories goes to press, the United Kingdom is officially leaving the European Union after three years of intense dispute and debate. At the same time, 2019 wasn’t a great year for the automotive and tyre industries (see page 36 onwards for further details of what has transpired during the last 12 months). And with a no-deal scenario presenting the possibility of import tariffs on and parts, 2020 doesn’t look like it is going to be a whole bunch better. However, while the disappointing performance of the car and tyre markets is linked to Brexit, the issues are not one and the same.

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UK car production falls 14.2 per cent in 2019

UK car production falls 14.2 per cent in 2019

30th January 2020 | 0 Comments

UK car production fell -14.2 per cent in 2019, to 1,303,135 units, according to figures released by the Society of Motor Manufacturers and Traders (SMMT), with a -6.4 per cent drop in December rounding off a third year of decline. Output was affected by multiple factors, including weakened consumer and business confidence at home, slower demand in key overseas markets, a number of significant model production changes and a shift from diesel across Europe. Factory shutdowns in the spring and autumn, timed to mitigate expected disruption arising from the anticipated departure of the UK from the EU on 29 March and 31 October, also had a marked effect.

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Global light vehicle sales low, further decline expected for 2020

Global light vehicle sales low, further decline expected for 2020

23rd January 2020 | 0 Comments

In 2019, global light vehicle (LV) sales were at their lowest point since 2015, at 89.8 million, which was 4.8 per cent down on 2018’s 94.3 million total. December’s sales of 8.15 million were 2.3 per cent lower than in December 2018, according to GlobalData, a leading data and analytics company.

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Sobering autonomous vehicles attitudes slash forecasts – GlobalData

Sobering autonomous vehicles attitudes slash forecasts – GlobalData

23rd January 2020 | 0 Comments

CES in 2020 saw much more measured attitudes towards autonomous vehicles (AVs) than in previous years. As AV developers move beyond the technical hype and begin to tackle the immense challenge of putting safe self-driving vehicles on the road, many have realised that this goal will take more investment and more time to reach than previously thought, says GlobalData, a leading data and analytics company.

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Europe’s auto industry faces a tough 2020, says GlobalData

21st January 2020 | 0 Comments

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, said that the European industry will find 2020 "another hugely competitive year", with increased complexity, due to car-makers factoring in "push and pull for models according to new EU CO2 fleet average rules." Leggett continues, "They will be attempting to keep exposure to potentially very hefty fines as low as possible."

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NFDA, DWF, KPMG, Global Data and SMMT reactions to 2019 car registration figures

NFDA, DWF, KPMG, Global Data and SMMT reactions to 2019 car registration figures

6th January 2020 | 0 Comments

While the 2019 UK car registration figures are clear that the market declined last year, various sources gave differing views as to what are the most important trends and what should be done.

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Rivian best placed to compete with Tesla in truck and SUV categories, says GlobalData

2nd January 2020 | 0 Comments

Following the news that American electric truck startup Rivian Automotive (Rivian) has raised US$1.3bn in new funding; Aurojyoti Bose, Lead Analyst at GlobalData, a leading data and analytics company, offers his view on the start-up’s journey: “In an extremely capital intensive industry such as automotive manufacturing, companies are required to raise billions of dollars and Rivian so far has been successful in gaining traction among investors. The new funding was led by asset management firm T. Rowe Price with Amazon, Ford Motor Co and BlackRock also participating. This marks the fourth funding for Rivian in 2019 and earlier it has already raised more than US$1.5bn from Ford, Amazon and Cox Automotive.

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Have emission standards hit the new car market?

9th December 2019 | 0 Comments

With 2020 just around the corner, the future of the UK new car market looks bleak amidst economic and political uncertainty. The latest figures from the Society of Motor Manufacturers & Traders (SMMT) shows the new car market continued to decline with new registrations down 1.3 per cent year-on-year.

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