Tag: OE business

UK new car sales fell 44.4% in March due to coronavirus

UK new car sales fell 44.4% in March due to coronavirus

6th April 2020 | 0 Comments

The UK new car market declined -44.4 per cent in March, according to the Society of Motor Manufacturers and Traders (SMMT). 203,370 fewer cars were registered than in March 2019, as showrooms closed in line with government advice to contain the spread of the coronavirus.

Continue Reading

Lamborghini producing surgical masks and medical shields

Lamborghini producing surgical masks and medical shields

1st April 2020 | 0 Comments

Lamborghini is converting part of its production plant in Sant’Agata Bolognese in order to produce surgical masks and protective medical shields for the Sant’Orsola-Malpighi Hospital in Bologna, which is involved in the fight against the Covid-19 pandemic, in collaboration with the University of Bologna. The Department of Medical and Surgical Sciences will oversee validation testing of the medical devices made by Lamborghini, prior to their delivery to the hospital.

Continue Reading

Test World open for indoor testing

Test World open for indoor testing

31st March 2020 | 0 Comments

Test World reports that it is remaining open to “operate and fulfill a busy schedule of indoor tyre and vehicle testing during the global COVID-19 pandemic”. Writing in an email to customers and contacts published 31 March 2020, company representatives said: “Operating within official health guidance to the strictest degree and treating the health and wellbeing of its staff as the utmost priority, Test World strives to minimise disruption to the industry in these unprecedented times.”

Continue Reading

Analysts upgrade Conti despite OEM shutdowns

30th March 2020 | 0 Comments

Financial analysts have upgraded Continental AG shares to buy on the basis that car manufacturer shutdowns will only be a limited measure. Writing in an investors note dated 25 March, Jefferies analysts explained their rationale:

Continue Reading

The tyre business is keeping countries rolling

The tyre business is keeping countries rolling

30th March 2020 | 0 Comments

By the time you read this a quarter of the world will be on some kind of lockdown along with virtually every car plant in Europe and many tyre factories. We are in uncharted territory. And, as ETRMA secretary general Fazilet Cinaralp said recently, we have to brace ourselves for “one of the biggest challenges our industry has ever faced”. And yet there have already been numerous examples of endeavour, enterprise and generosity in the face of such adversity.

Continue Reading

Ferrari to re-start car manufacturing on 14 April 2020

Ferrari to re-start car manufacturing on 14 April 2020

30th March 2020 | 0 Comments

In a welcome bit of news for the original equipment business, on 27 March Ferrari N.V. announced that it plans to resume production on 14 April 2020.

Continue Reading

Michelin temporarily closes some European factories, car tyre demand down 9%

Michelin temporarily closes some European factories, car tyre demand down 9%

19th March 2020 | 0 Comments

Michelin has confirmed that it has decided to close its tyre production facilities “located in the European countries most affected” countries for at least one week. Tyres & Accessories understands this means Michelin’s factories in Italy (Cuneo and Alessandria), Spain (Lasarte, Vitoria, Aranda de Duero and Valladolid) and France (Cataroux, Les Gravanches, Le Puy-en-Velay, Roanne, Bourges, Montceau, Cholet, La Roche-sur-Yon, Golbey, Avallon, Montagny, Vannes, Joué-Lès-Tours and Troyes

Continue Reading

Rolls Royce halts production

Rolls Royce halts production

18th March 2020 | 0 Comments

Production at Rolls-Royce Motor Car’s Goodwood-based manufacturing plant will be suspended from Monday 23 March for two weeks. According to the company, this suspension will be followed by a pre-planned two-week Easter maintenance shutdown “in order to further secure the health and welfare of the employees of the company”.

Continue Reading

Toyota pausing production at European plants

Toyota pausing production at European plants

18th March 2020 | 0 Comments

Production at several Toyota factories in Europe has been suspended as a result of the coronavirus and its social and economic impact upon the region, and other facilities will be shuttered by the end of this week. Toyota Motor Europe (TME) says it decided to halt production for a number of reasons linked to the safety and security of its employees and stakeholders. In particular, it has needed to respond to short-term uncertainties in sales, logistics and supply chains resulting from lock-down measures implemented by various national and regional authorities.

Continue Reading

Automakers have ‘no alternative but to shutter plants’

17th March 2020 | 0 Comments

Following the news that Volkswagen Group is planning to temporarily suspend production at its European plants due to the deepening impact of the coronavirus (COVID-19) crisis, David Leggett, Automotive Editor at GlobalData, commented:

Continue Reading

VW shuttering vehicle production in Europe

VW shuttering vehicle production in Europe

17th March 2020 | 0 Comments

With 2019 annual sales of 88.4 billion euros, the Volkswagen Passenger Cars brand’s figures were 4.5 per cent higher than the previous year. As a result, Dr. Herbert Diess, Chairman of the Board of Management of Volkswagen AG described 2019 as “a very successful year for the Volkswagen Group”. However, he went on to describe 2020 as “a very difficult year”:

Continue Reading

Fiat Chrysler suspends vehicle production in Europe

Fiat Chrysler suspends vehicle production in Europe

16th March 2020 | 0 Comments

Fiat Chrysler Automobiles N.V. is temporarily suspending production across the majority of its European manufacturing plants. The temporary suspension, which runs to 27 March 2020, continues the implementation of a comprehensive set of actions comes in response to “the COVID-19 emergency and enables the Group to effectively respond to the interruption in market demand”.

Continue Reading

Peugeot PSA pausing European plants

16th March 2020 | 0 Comments

The PSA group’s Executive Board and crisis unit have stopped vehicle production at its European factories until 27 March 2020. The temporary closure move takes effect between 16 and 19 March, according to the following schedule:

Continue Reading

Britain – the home of the Pirelli SUV tyre

Britain – the home of the Pirelli SUV tyre

24th February 2020 | 0 Comments

The UK is one of Pirelli’s biggest SUV markets and with two UK factories, one in Burton-upon-Trent and one in Carlisle, Pirelli is the only premium tyre manufacturer to produce SUV tyres on UK soil.

Continue Reading

Coronavirus threatens Geneva, but Motor Show will go on

19th February 2020 | 0 Comments

The so-called coronavirus (Covid-19) is threatening Europe’s largest motoring events, with some sources suggesting that March’s Geneva Motor Show won’t be able to take place. However, a statement published by Palexpo (the Geneva Motor Show’s organising company) said the show will go on and that the exhibition is taking all recommended steps.

Continue Reading

Buy subscriptions, premium industry reports, and business directory entries in our shop. | Dismiss

[ + ]