AUTOMOBILE DEUTSCHLAND Archives

AUTOMOBILE DEUTSCHLAND

China Heads Global Auto Industry Revival: 4 Stocks in Focus

October 14, 20201 min read

The China auto market has finally risen from ashes. The auto sector in China had been battling a downturn since July 2018 owing to tighter emission standards, trade tensions, increasing popularity of ride-sharing platforms and sluggish economy. The coronavirus pandemic — originated in Wuhan — further added to the woes, as was evident from the biggest ever decline of around 80% year over year in February. However, with effective control of the virus, China is now at the forefront of global auto market recovery.

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Being the first country to emerge out of the deadly coronavirus, lockdown in many cities in China got lifted when other cities in the world were either in the shutdown mode or entering it. Once business activities in China returned to normalcy after the authorities relaxed travel restrictions and lockdowns, vehicle sales in the country started picking up. Auto sales in China witnessed year-over-year

AUTOMOBILE DEUTSCHLAND

German Digital Ad Growth Will Stagnate amid Economic Turndown

October 14, 20201 min read

No country will escape the coronavirus pandemic unscathed, and all around the world, local public health crises have led to substantial economic downturns. Germany has handled the unprecedented challenge better than most, and its industrial base has proven to be more resilient than many of its counterparts across the globe. But the country has not avoided substantial economic disruption, despite the competence of its public health governance.

The dominant vertical for digital ad spending in Germany has always been the retail industry, but auto has traditionally been the other big digital ad buyer. This makes sense given the auto-centric makeup of Germany’s industrial manufacturing economy. Beyond auto, the travel industry too has been a substantial digital advertiser in years past. Thus, auto’s dramatic 25.7% decline in digital ad spending, coupled with the unprecedented 38.7% drop in travel digital ad spend, explains the general stagnancy that Germany’s digital ad market will

AUTOMOBILE DEUTSCHLAND

Global Property and Casualty Insurance for Automobile market is expected to see growth rate of 8.31%

October 13, 20201 min read

Edison, NJ — (SBWIRE) — 10/13/2020 — Latest released the research study on Global Property and Casualty Insurance for Automobile Market, offers a detailed overview of the factors influencing the global business scope. Property and Casualty Insurance for Automobile Market research report shows the latest market insights, current situation analysis with upcoming trends and breakdown of the products and services. The report provides key statistics on the market status, size, share, growth factors of the Property and Casualty Insurance for Automobile. The study covers emerging player’s data, including: competitive landscape, sales, revenue and global market share of top manufacturers are State farm group (United States), Berkshire Hathaway (United States), Progressive Corporation (United States), All state (United States), Liberty mutual (United States), Travelers (United States), USAA group (United States), Chubb INA group (United States), Nationwide group (United States) and American International group (United States).

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AUTOMOBILE DEUTSCHLAND

Lakeside Auto buys Spring Lake Vander Mill, expansions planned

October 13, 20201 min read

The current site holds between 150 and 200 vehicles for sale. The expansion will provide capacity for up to 500 cars and trucks.

SPRING LAKE, Mich. — The property that was home to the Vander Mill cider shop for the past 12 years has a new owner.

“We’ve sold the property to Lakeside Auto,” cider mill owner Paul Vander Heide said of the nearly 5-acre parcel at 14921 Cleveland St.

Andrew McLean, owner of Lakeside Auto, 14953 Cleveland St., said he plans an 80,000-square-foot expansion of the sales lot when the state transportation agency adds a center turn lane on M-104 next spring.

The current site holds between 150 and 200 vehicles for sale. The expansion will provide capacity for up to 500 cars and trucks.

McLean said the plans are to eventually turn the current Vander Mill building into Lakeside Auto’s sales and administration offices. The current Lakeside Auto

AUTOMOBILE DEUTSCHLAND

Coronavirus latest: Germany’s population shrinks for first time in a decade

October 13, 20201 min read

Martin Arnold in Frankfurt

Germany’s population shrank for the first time in a decade after the coronavirus pandemic triggered a sharp drop in immigration this year, intensifying a recent demographic slowdown.

The number of people living in Germany fell by 40,000 in the first six months of this year to 83.1m, which the federal statistics agency said on Tuesday was the first decline in the population of Europe’s largest economy since the second half of 2010.

The main cause of the drop in German inhabitants was a sharp drop in arrivals from other countries since the pandemic started in March.

In the first six months of the year, there was a 29 per cent decline in the number of immigrants arriving in Germany to 529,000, while those emigrating fell 22 per cent to 455,000.

That means Germany had net immigration of 74,000 people in the first half of this year

AUTOMOBILE DEUTSCHLAND

Global Automobile Electronics Market 2020-2026 with Yamaha, Delphi, Koninklijke Philips, Sanyo, Sony, Denon, Continental & Denso Dominating – Press Release

October 13, 20201 min read

Dublin, Oct. 13, 2020 (GLOBE NEWSWIRE) — The “Automobile Electronics Market – Global Industry Perspective, Comprehensive Analysis and Forecast 2020 – 2026” report has been added to ResearchAndMarkets.com’s offering.

Global demand for automobile electronics market was valued at approximately USD 250.3 billion in 2019, and is expected to generate revenue of around USD 489.2 billion by end of 2026, growing at a CAGR of around 10.2% between 2020 and 2026.

Automobile electronics is an electrically developed systems used in road vehicles. It plays a major role in controlling engine of a vehicle. Engine ignition (spark, timing), fuel injection, entertainment systems such as music, communication systems, emissions controls, heating/air conditioning, a navigation system, security systems are different functions controlled electronically in vehicles. Automotive electronics basically originated from the transition towards advanced safety systems. Automobile electronics are becoming very popular and increasingly adopted by the consumers due to rising technological advancements.

The

AUTOMOBILE DEUTSCHLAND

Accelerated job cuts in German auto industry

October 12, 20201 min read

Barely a day goes by without a new announcement of cutbacks and job cuts in the auto industry in Germany. The coronavirus pandemic is being deliberately used to slash costs and increase profits.

Last Tuesday, Daimler CEO Ola Källenius announced at a conference with investors that the Mercedes auto division would reduce its fixed costs by more than a fifth by 2025 (compared to 2019) by cutting capacity and personnel costs.

Källenius made no effort to hide the reason behind the decision. The plan was to restore profits to double-digits by 2025. Even under unfavourable conditions, the company was aiming for a profit margin “in the mid to high single-digit percentage range.”

Protest in front of the Daimler plant in Berlin

The cuts program, which was already announced in recent months, is expected to result in the loss of around 30,000 jobs worldwide, i.e., almost one in ten. While the

AUTOMOBILE DEUTSCHLAND

Lewis Hamilton Ties Michael Schumacher’s Wins Record in Germany

October 11, 20201 min read

NÜRBURG, Germany (AP) — Even Lewis Hamilton once saw Michael Schumacher’s record of 91 wins as unbeatable. Now he’s matched it.

Schumacher’s son, Mick, presented Hamilton with one of his father’s old helmets after the British driver took a record-tying 91st win at the Eifel Grand Prix.

“Seeing his dominance, I don’t think anyone, and especially me, didn’t imagine that I’d be anywhere near Michael in terms of records so it’s an incredible honor and it’s going to take some time to get used to,” Hamilton said, adding that he used to choose Schumacher as his character when playing a video game.

Schumacher has required constant care since he sustained severe head injuries in an accident while skiing in 2013.

Hamilton took a big step closer to matching Schumacher’s record of seven titles, too, after his teammate Valtteri Bottas failed to finish with an engine problem. Hamilton now leads the

AUTOMOBILE DEUTSCHLAND

Lewis Hamilton Ties Schumacher’s Wins Record in Germany

October 11, 20201 min read

NÜRBURG, Germany (AP) — Even Lewis Hamilton once saw Michael Schumacher’s record of 91 wins as unbeatable. Now he’s matched it.

Schumacher’s son, Mick, presented Hamilton with one of his father’s old helmets after the British driver took a record-tying 91st win at the Eifel Grand Prix.

Schumacher has required constant care since he sustained severe head injuries in an accident while skiing in 2013.

Hamilton took a big step closer to matching Schumacher’s record of seven titles, too, after his teammate Valtteri Bottas failed to finish with an engine problem. Hamilton now leads the

AUTOMOBILE DEUTSCHLAND

Mahle creates Germany mechatronics centre | Automotive Industry News

October 11, 20201 min read

Mahle has created a new global development centre for mechatronics in Kornwestheim, near Stuttgart, Germany.

Around 100 engineers work at the location to develop complex product solutions for electric drive systems, actuators and electric auxiliaries for vehicles with hybrid, hydrogen, or battery electric drives.

Mahle has invested mid-double-digit millions to set up the centre. At the start of the year, the supplier founded a dedicated business unit for electronics and mechatronics. The technology group expects sales growth in this business segment to be well into double digits in the next ten years.

“Our new mechatronics development centre is another important step in Mahle’s technological transformation,” said member of the Mahle Management Board and responsible for the Electronics and Mechatronics business unit, Wilhelm Emperhoff.

“It’s now particularly important we develop the right know-how and portfolio so we can emerge from the current crisis in a stronger position as an established technology

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