Ford announces it will cut 450 jobs in Canada
US automaker Ford said Monday it would lay off about 450 employees in Canada as it ends production of two vehicles currently assembled there.
Oct 28, 2019
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Automotive
Page 11 - News tagged with auto industry
Automotive
Driverless cars won't deliver a transport revolution—and the auto industry stands to lose out
The breathless hype around driverless electric vehicles once promised an urban transport "revolution," with claims that new technologies would ease congestion and eliminate harmful emissions. The potential benefits of these ...
Oct 18, 2019
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Automotive
Renault ousts CEO Bollore, hoping to close out Ghosn era
French automaker Renault sacked its chief executive Thierry Bollore Friday, the latest turbulence to rock the company since his predecessor Carlos Ghosn was arrested on financial misconduct charges last year.
Oct 11, 2019
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Business
Auto suppliers hit as GM strike in US grinds on
As the General Motors strike grinds on, more auto suppliers and contractors are sending workers home, adding to the economic drag on Michigan and other US midwestern car manufacturing hubs.
Oct 10, 2019
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Business
Blame game as wheels come off India's auto sector
When India's Finance Minister Nirmala Sitharaman claimed that a preference by millennials for ride-hailing apps was contributing to a painful slump in car sales, it sparked an online backlash from furious youngsters.
Sep 15, 2019
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Automotive
Climate change, trade woes reshape Frankfurt auto show
The headwinds buffeting the auto industry are making themselves felt at the Frankfurt Motor Show, with companies confronting a slowdown in sales due to global trade uncertainty and pressure from governments to lower emissions ...
Sep 10, 2019
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Automotive
Jet ignition technology could boost efficiency and lower emissions of combustion engines
The same technology used in jets soon may be powering personal cars and other automobiles.
Aug 7, 2019
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Automotive
Toyota Q1 net profit up nearly 4%, full-year profit revised down
Japanese car giant Toyota said Friday its first quarter net profit rose thanks to solid sales and cost cutting efforts, but it revised down full-year profit partly due to a stronger yen.
Aug 2, 2019
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Security
US issues hacking security alert for small planes
The Department of Homeland Security issued a security alert Tuesday for small planes, warning that modern flight systems are vulnerable to hacking if someone manages to gain physical access to the aircraft.
Jul 30, 2019
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Automotive
UK car sector accelerates towards electric future
Britain's auto industry, seeking to swerve Brexit obstacles, is accelerating toward electrification as consumers shun high-polluting diesels, driven by rapid advances in technology and greener government policy.
Jul 21, 2019
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Automotive industry
The automotive industry designs, develops, manufactures, markets, and sells the world's motor vehicles. In 2008, more than 70 million motor vehicles, including cars and commercial vehicles were produced worldwide.
In 2007, a total of 71.9 million new automobiles were sold worldwide: 22.9 million in Europe, 21.4 million in Asia-Pacific, 19.4 million in USA and Canada, 4.4 million in Latin America, 2.4 million in the Middle East and 1.4 million in Africa. The markets in North America and Japan were stagnant, while those in South America and Asia grew strongly. Of the major markets, Russia, Brazil, India and China saw the most rapid growth.
About 250 million vehicles are in use in the United States. Around the world, there were about 806 million cars and light trucks on the road in 2007; they burn over 260 billion gallons of gasoline and diesel fuel yearly. The numbers are increasing rapidly, especially in China and India. In the opinion of some, urban transport systems based around the car have proved unsustainable, consuming excessive energy, affecting the health of populations, and delivering a declining level of service despite increasing investments. Many of these negative impacts fall disproportionately on those social groups who are also least likely to own and drive cars. The sustainable transport movement focuses on solutions to these problems.
In 2008, with rapidly rising oil prices, industries such as the automotive industry, are experiencing a combination of pricing pressures from raw material costs and changes in consumer buying habits. The industry is also facing increasing external competition from the public transport sector, as consumers re-evaluate their private vehicle usage. Roughly half of the US's fifty one light vehicle plants are projected to permanently close in the coming years with the loss of another 200,000 jobs in the sector, on top of the 560,000 jobs lost this decade. As a result, in 2009, China became the largest automobile market in the world.
This text uses material from Wikipedia, licensed under CC BY-SA
