MarketLine Blog

Posts about Car Manufacturing

Future of Ford in Europe and China seems uncertain after reported losses

MarketLine

Ford has reported a 50% decline on revenues since last year in China and Europe, facing with job cuts. Investors’ behavior had a big impact on Ford’s losses due to the company’s struggle to restructure their core business and persuade the investors that they are willing to do so, making them to lose their trust in the company. Ford aims a £14bn ($18.2bn) cuts focused outside of North America region, in order to revive flagging international businesses. Bridgend and Dagenham sites in UK will face significantly more dramatic cuts than… Read more

e-rikshaws: Three-wheelers power India’s EV revolution

MarketLine

Electric vehicle (EV) revolution is gaining stronger ground in India and the country has surpassed China in terms of the number of EVs in use currently. The revolution, however, is not spearheaded by electric cars but by an electric alternative to pedal-driven rickshaws. The Indian nation is home to about 1.5 million battery-powered, three-wheeled rickshaws. This means a fleet bigger than the total number of electric passenger cars sold in China since 2011. Previous attempts to boost electric-car production in India have flopped, mainly due to the lack of clear… Read more

Saudi Arabia – Wind of change in the desert kingdom will create new business opportunities

MarketLine

Saudi Arabia has for decades been one of the world’s most culturally austere and restrictive countries, not allowing gender mixing, concerts, and cinemas, amongst others. However, the government’s Vision 2030 reform program is set to return the country to a more moderate Islam, diversify the economy and reduce the country’s dependence on oil by growing sectors like entertainment, arts, tourism and culture. This liberalizing reform drive has already opened the door to concerts, comedy shows and women drivers over the past year. From June 2018 women will be allowed to… Read more

Elon Musk brand continues to grow: Heavy public profile and revolutionary products amplify Musk’s popularity

MarketLine

Elon Musk’s brand image has evolved strongly over the past two decades, and he is today one of the most recognizable and admired CEOs globally. Whilst some of the major companies he owns such as Tesla are still very small compared to their market competitors Musk’s popularity only seems to grow. This is primarily due to two major reasons. The first is that Musk’s companies are engaged in the manufacturing of products that do not only carry financial benefits to the owner, but also do the wider society some good, whether… Read more

Takata: Exploding end to a scandalous journey

MarketLine

Takata started out as a textile manufacturer more than 80 years ago and in 1960 expanded into the car parts manufacturing business, riding the wave of industrial expansion in Japan. After teaming up with Honda it became a leader in auto safety systems that also served overseas clients. In the late 80s, the company became the subject of an official investigation due to a reported failure of its seatbelts installed in many Takata-equipped Honda vehicles. The investigation led to the second largest safety recall in US history, affecting 8.9 million… Read more

Europe will overtake the US in the electric and hybrid cars market, says MarketLine

MarketLine

The hybrid and electric cars market has seen strong growth globally as countries work to meet ambitious CO2 targets, rising at a compound annual growth rate (CAGR) of 12.6%. Scandinavian countries such as Sweden will enjoy exceptional growth forecast growth of 27.9% between 2016 and 2021, according to research firm MarketLine. The company’s latest report, however, states that the level of growth varies significantly between countries. Despite the fact that the US and Asia-Pacific have been leading the charge in the hybrid and electric cars market for the last five… Read more

The Sky is the Limit: How Uber’s dominance of a market allows it to chase next-gen dreams

MarketLine

Uber released financial data to Bloomberg on April 14, 2017, something it is in no way obliged to do. The image it presented was one of rapid growth and expansion, skyrocketing revenues and incredible levels of spending. One would hope to see this level of performance; private investment in the company has grown consistently since its launch in 2009 as UberCab, generating nearly $10bn from investment firms since then, and it has managed to spend more than $8bn investing in its own growth. Private investment growth will need to continue… Read more

Car manufacturing sector booming in the UK: Weaker pound boosts exports, yet Brexit worries persist

MarketLine

2017 has been a good year for the UK car manufacturing sector as far as production levels are concerned, with the country manufacturing cars in March 2017 at a level last seen in the year 2000. Manufacturing levels have been boosted by a strong rise in exports of cars, which has come about due to the weak pound, low crude oil prices and rising demand for British cars in the Asia-Pacific region, as well as in the United States. However all of this has been happening among the backdrop of… Read more

Renault Car Emissions: New allegations threatens French car manufacturer

MarketLine

The accusations against Renault published in the French press follow on from a 2015 report detailing cars which exceeded environmental rules by over 300%. Stretching back to 1990, the hierarchy at Renault is said to have known about and been involved with cheating emissions tests. The influence of the French government, and therefore the French taxpayer, will be important given the upcoming presidential election and shareholding. If reports of nearly one million cars being sold with devices used to distort the results of emission testing, the scandal could involve the… Read more

LiDAR self-driving technology. A case of calculated theft?

MarketLine

Google and Uber started off as friends with Google parent Alphabet investing $258m in Uber in 2013. They then became competitors, as Uber started experimenting with its fleet of self-driving cars in 2016. Finally, in 2017, both companies ended as adversaries in court, engaging in a bitter legal fight to control the future of transportation. The suit details the lengths Waymo goes to in order to protect its trade secrets, including purchasing LiDAR components from numerous vendors and completing assembly in-house to prevent any single vendor from knowing everything about… Read more

From GM to PSA: Why the sale of Vauxhall Opel is good for shareholders but bad for workers

MarketLine

US-based General Motors is the world’s third largest automobile manufacturer by sales, and second largest by revenues. French-owned Groupe PSA, which sold nearly 3.2 million vehicles and had revenues of €54bn ($57bn), is a fairly small player in comparison. GM’s ownership and continued management of Vauxhall Opel is at odds with the rest of its portfolio – the company primarily operates in the US and Asia, selling brands including Chevrolet, Buick, Holden and Wuling – while PSA operate Peugeot, Citroen and DS Automobiles primarily out of Europe. The sale of… Read more

Samsung purchase of Harman signals the future

MarketLine

The takeover of Harman has placed Samsung among the leading players in the connected car industry; the Korean technology company has access to a raft of deals with major car manufacturers, expertise from a range of companies acquired by Harman and a huge $24bn order backlog. Infotainment, acoustics, display and other systems are all due to expand in value in the coming years, and Harman has systems already installed in over 30 million cars worldwide. Taking over the company presents Samsung with a highly valuable market position. CarPlay (the system… Read more

Ford’s autonomous cars due for release in 2021

MarketLine

Ford, one of the world’s largest automotive and mobility companies, announced that it will be developing autonomous cars for use by 2021. As part of this goal, Ford will be investing in several startups, continuing its trend of making investments in technology in recent years. For example, Ford’s recent technology investments include Easy Access Door System, Active City Stop, Hands-Free Tailgate, and Active Park Assist. In the announcement, Ford said that it will also be investing in companies developing advanced algorithms, 3D mapping, LiDAR, and radar and camera sensors. These… Read more

Volkswagen scandal refuses to go away

MarketLine

The VW emissions scandal shows little sign of slowing – affected consumers must be compensated whatever the cost if the scandal is to be finally concluded. Volkswagen owners in the US received $20,000 per case in compensation; European owners received a mere software update. However, this could be about to change after courts in Germany ruled a pilot case filed against the company by investors could go ahead. Efforts are underway to circumvent European Union laws and bring about similar cases in other European countries too. It follows a raft… Read more

Self-driving to the future

MarketLine

The line between the auto and tech industries is rapidly blurring, with the pursuit of autonomous driving and a shift from car ownership towards car sharing and ride sharing. China is widely viewed as the next frontier for growth and many market players are looking to establish a foothold in this country, which requires significant investment. To keep up with changing market trends, most major auto makers are investing in their own driverless-car technology, which is less costly if done in cooperation with high-tech companies, like Google or Apple. The… Read more