Gov’t support aids automobile industry

The domestic automobile industry was forecast to thrive, given the Government’s supports in tax policies for imported automobile components coupled with the increasing income of citizens.

Cars produced at a plant of Ford Vietnam in Hai Duong Province. The domestic car industry was benefiting from the Government’s support policies. — VNA/VNS Photo Tran Viet

According to a report by the Viet Dragon Securities Corporation (VDSC), the domestic automobile industry was benefiting from three policies.

The first was a 50 per cent reduction in registration fees for domestically-produced or assembled vehicles in effect from June 28 to the end of this year.

The second policy was a decree allowing automakers who met the requirements of outputs to enjoy zero import tariffs for automobile components which could not have been produced domestically, cutting production costs by 2-2.5 per cent.

The last policy was the extension of the deadline for the payment of

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Worldwide Electric Vehicle Motor Industry to 2024 – Featuring Continental, Tesla & BYD Auto Among Others

The “Technology Landscape, Trends and Opportunities in the Global Electric Vehicle Motor Market” report has been added to ResearchAndMarkets.com’s offering.

The technologies in electric vehicle motor have undergone significant change in recent years, with brushed DC motors to brushless DC motors. The rising wave of new technologies, such as torque accuracy, and robust limp-homes are creating significant potential for electric vehicle motor in various vehicle platforms due to their reversibility, and reduction in noise pollution properties.

In this market, various technologies, such as weakening control, torque accuracy, and robust limp-home are used in the battery electric vehicle, hybrid electric vehicle, and plug in hybrid electric vehicle applications. Increasing demand for improving the driving range of electric vehicles, and stringent government regulations regarding vehicular emission are creating new opportunities for various electric vehicle motor technologies.

This report analyzes technology maturity, degree of disruption, competitive intensity, market potential, and other parameters of

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China Heads Global Auto Industry Revival: 4 Stocks in Focus

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

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Global Automobile Silencers Market 2020 Industry Outlook –

Global Automobile Silencers Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025 released by MarketsandResearch.biz offers crucial insights that help the industry experts, product managers, CEOs, and business executives to draft their policies on various parameters such as expansion, acquisition, new product launch, and the market trends. The report analyses the volume and value at the global level, regional level, and company level. The report estimates the global Automobile Silencers market size by analysing historical data and prospect. It delivers a whole investigation of the industry that contains authenticities, experiences, authentic information, and industry-approved market data. The research conjointly contains estimates that are obtained from reliable sources and practices.

The report compiles data on market size, market growth trends that will help its buyer to capture opportunities, to know and minimize probable risks, as well as to analyse the strategies of key companies in the market. The report

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4 Auto Stocks to Pick Ahead of Q3 Earnings as Industry Revs Up

The third-quarter reporting cycle is finally here. PACCAR Inc. PCAR is set to kick off the earnings season for the Auto-Tires-Trucks sector next week.

Per the Oct 9 Earnings Preview, the auto sector’s earnings tanked 123.5% on a 49.7% revenue slump during the second quarter. However, things seem to be gradually looking up for the sector. While earnings and revenues are expected to have declined in the September-end quarter as well, these declines are likely to be less severe. In the third quarter, overall earnings and revenues for the sector are projected to fall 35.1% and 4.8%, year over year.

Dismal Q2 Performance

The coronavirus outbreak hit the auto industry hard in the latter half of the first quarter and the second quarter. The pandemic hurt the industry significantly amid factory closures, low footfall at dealerships and supply-chain distortions. Depressed demand of vehicles amid waning consumer confidence has dented the

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Accelerated job cuts in German auto industry

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

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Mahle creates Germany mechatronics centre | Automotive Industry News

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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Goyal meeting with Automobile Industry leaders gives boost to Automobile loading through Railways

New Delhi, Oct 10 (UNI) Railways Minister Piyush Goyal on Saturday met who’s who of the Automobile Industry leaders to give boost to Automobile loading through Railways.

At the meeting, Representatives of SIAM (Society of Indian Automobile Manufacturers), Tata Motors, Hyundai Motors, Ford Motors, Mahindra & Mahindra, Honda India, and Maruti Suzuki Ltd, The Automobile Freight Train Operators (AFTOs), Automotive Tyre Manufacturers’ Association (ATMA), who were all part of the meeting, lauded the initiative and committed to work in partnership with Indian Railways to facilitate transportation of automobiles through Railways.

The total loading of automobiles through Railway, which was only 429 rakes in 2013-14, has increased to 1,595 rakes in 2019-20. And in the first six months of the current year (Apr to Sep), Indian Railway has loaded 836 rakes of automobiles against 731 rakes in the previous year (despite almost negligible loading in the first two months).

Railways is

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Railway assures Automobile industry associations to resolve their concerns on priority

New Delhi [India], October 10 (ANI): Union Minister Piyush Goyal on Saturday met with the Society of Indian Automobile Manufacturers (SIAM), Automobile Freight Train Operators (AFTOs), Automotive Tyre Manufacturers’ Association (ATMA), and discussed ways to boost Automobile loading through Railways.

According to an official release, the participants in the interaction were informed about the steps taken by Railways to promote loading of automobiles, which has led to this “quantum jump” – and were asked to bring more loading to Rail.

The participants were assured that all possible help will be extended to them, and all their concerns and issues will be addressed on priority, the release said.

Railways said the total loading of automobiles through railway was only 429 rakes in 2013-14, which has increased to 1,595 rakes 2019-20.

It said that Railways is aiming to achieve a modal share of Automobile loading to 20 per cent by the end

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