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The recent decision of the United Kingdom to abandon the European Union, makes analysts forecast that automakers' profits will drop by billions of dollars and new-vehicle sales will be cut by nearly a million units over the next three years.After the results of the historic vote were announced the shares of suppliers and dealership groups with significant exposure to the U.K., as well as Fiat Chrysler Automobiles became particularly vulnerable. The U.K. auto market has surged in recent years to hit a record high of 2.6 million cars in 2015. Ninety percent of those vehic...
After UK announced its decision of leaving European Union a huge scandal in auto industry has started. First of all you should know that the auto industry was affected a lot, stock prices across the world have taken a huge hit following Brexit. Have you wondered how do investors feel like now? Their confidence has dropped across many sectors, of course auto industry is one of them. Considering the country is one of the largest manufacturing hubs in Europe, it now has to make a decision upon the way it will move on from this exit. The most important question here is will Europe and U...
Mitsubishi Motors and Nissan will resume the sales of the cars that were embroiled in the fuel efficiency scandal, after the Japan's Land, Infrastructure, Transport and Tourism Ministry officially allowed it. These news concern more precisely the eK Wagon, eK Space and the Dayz and Dayz Roox models Mitsubishi manufactures for Nissan. Mitsubishi has submitted revised mileage results that were already based on current parameters issued by the ministry. The authorities decided to issue the automaker a stern reprimand, after checking emissions, which passed the ...
We have already talked about Volkswagen and its plan on growing its market place in America. Volkswagen had some tough time earlier, and it still has to suffer from the scandal. The biggest question the company and we've had was if the company will be able to keep the customers trust? Well, we must admit that we've had some huge doubts about that. Now, that the economy in Russia slowed down, and of course the company will look for other strong options, but starting with U. S., is it a good idea? No matter how the company will succeed, and what's the plan on returning the...
It's been only a few days since we've wrote about Tesla's scandal, the rumors were flying for a few months now about its Model S having some suspension arms defects. Tesla Motors was blamed for a secret deal with gpcordaro, the pact pushed the owner to keep its silence about the auto problem. Tesla was asked to keep to comment on these claims, but the company decided to keep it silence from the start, which was more absurd and questionably. U.S. National Highway Traffic Safety Administration took the issue with the practice after many customer reports on Model S. The co...