Home Tags Automakers

Tag: Automakers

The VW Beetle is saying goodbye in 2019.

26 cars that will disappear from US car dealerships forever in 2020

Cars like the iconic VW Beetle and Fiat 500 will never again be sold in the US after next year as companies pivot to SUVs and crossovers.

The auto industry is shrinking as the world reaches ‘peak car’ — and it’s dragging down the entire global economy

The automotive sector represented 20% of GDP slowdown in 2018, according to the International Monetary Fund's latest World Economic Outlook report.

GM tumbles on first union strike in 12 years, which could cost it $50 million a day

"The longer it lasts, the more it will be felt in GM's earnings profile," Credit Suisse analyst Dan Levy wrote in a client note.

Brexit reduced UK car production by 45%, showcasing the costs and unintended consequences of new trade barriers

Carmakers timed annual stoppages to coincide with the Brexit deadline, which was ultimately extended. Their challenges show the pain of trade wars.

Fiat Chrysler proposes huge $37 billion merger with Renault that would create the world’s 3rd-largest automaker

Fiat Chrysler has opened merger talks with its fellow carmaker Renault, a move with significant implications for the global auto industry.

Renault reportedly plans to restart Nissan merger talks in bid to buy out Fiat-Chrysler

One of the world's largest car-making pacts could become even larger. Renault is reportedly planning to merge with Nissan, then buy Fiat-Chrysler.

Honda confirms it will close UK plant, but insists it has nothing to do with Brexit

"This decision is not related to Brexit," Takahiro Hachigo, Honda’s chief executive, said a news conference in Tokyo.
European wines are now cheaper in Japan.

Tokyo shoppers get big bargains on French and Italian wine on Day 1 of ‘cars-for-cheese’ trade pact

The largest ever bilateral trade deal kicks in on Friday, eliminating almost all tariffs between economies that make up about a third of global GDP.

Global markets are tumbling after shockingly weak data out of China shows wounds of Trump’s trade war

Fear has taken hold in equity markets after China's industrial production plummeted, sparking a sell-off that spread globally.
German football supporters watch the 2010 FIFA World Cup semi final match between Germany and Spain at a live public viewing on a large screen monitor at FIFA Fanmeile on July 7, 2010 in Berlin, Germany.

Germany’s economy is getting hammered by the rest of the world’s problems

Europe's economic powerhouse is being hit by a cocktail of global issues — a trade war, Brexit, Italy — casting doubts on future growth.