Attempting to gain prestige, improve competitiveness and open new sales channels abroad, Chinese automakers are investing in new design and engineering operations in Europe that could bolster their long-term prospects in the region and at home.
Extract from Automotive News
The auto parts industry has chalked up a decade of steady growth, but analysts and forecasters believe the strains of falling vehicle sales, rising material costs, and huge demands for R&D spending could bring the party to an end.
The entire global vehicle market is facing flat-to-falling sales for the foreseeable future, says Jeff Schuster (photo), president of global forecasting at LMC Automotive.
“Risk to auto sales globally is rising, and uncertainty remains high,” Schuster told Automotive News.
The annual Automotive News ranking of the top global suppliers reveals, they remain in much the same order of size as they were a year ago.
Top global suppliers (in $bn)
Bosch, Denso, Magna, Continental and ZF Friedrichshafen remain the world’s
Toyota kept the № 1 title as the world’s most valuable car brand in a year in which only three automakers finished in the top 100 global brand list, down from five in 2018 and six in 2017.
After Toyota, only Mercedes-Benz and BMW were ranked in the Brand Top 100
A study from Crystal Market Research shows the auto parts manufacturing market was worth USD $316bn in 2014 and is expected to reach approximately
South Korea’s three major auto brands lead the 2018 JD Power U.S. Initial Quality Study; Hyundai, Kia and the luxury brand Genesis
The PwC report “Five Trends Transforming the Automotive Industry” outlines a series of seemingly contradictory findings. For example,
Car-based mobility services such as car-sharing and ride-hailing, as well as driverless cars with entertainment, information, and communications services,
German automakers, on course for record production this year, expect further output growth in 2018 powered by strong demand in Asia,