Automakers face twin short-term challenges: the transition toward producing a higher share of electric vehicles in response to tightening emission legislation and declining volumes in their biggest markets: Europe, China, US.
Following the new and tighter EU CO2 emissions rules for cars sold in Europe coming into effect in 2020,David Leggett, Automotive Editor at GlobalData, a leading data and analytics company, offers his view.
Growth in the Slovak economy, which depends heavily on its auto industry, will slow by 0.1 to 0.2 percentage points this year and by up to 0.3 percentage points in 2017 as a result of the UK’s decision to exit the EU, the country’s finance ministry said.
The United Kingdom’s stunning decision to abandon the European Union could slash automakers’ profits by billions of dollars and cut new-vehicle sales by nearly a million units over the next three years, top managers warned.
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