Are we heading for an auto industry disaster or are we simply being led to the fox’s den? Guest writer, MAC, finds the facts amongst the folly.
Above is a picture of some of the world’s unsold cars inventory; they are piling up around the world in a catastrophic building of inventory that threatens to undermine the very fabric of modern day living!
Despite the upbeat sales report from the European Automobile Manufacturers Association and the Society of Motor Manufacturers and Traders in the UK reporting output growth in the UK, the topsy-turvy saga that has plagued the car giant’s time at South Marston, near Swindon, seems to have finally come to an abrupt end. The announcement has been made that car plant two will be closing leading to the loss of some 500 jobs; these job losses follow on from the 592 job losses last year.
Sounds like it was all good news recently for the car industry. The European Automobile Manufacturers Association announced that sales of new cars had risen for the eighth month in a row.
Terra Motors, Tokyo-based automaker of electric two and three-wheelers, has managed to raise funds totalling USD10 million from Japanese and American investors. Although a humble amount, it is sufficient for the start-up to begin executing plans to establish its manufacturing hub in the Philippines.
Terra Motors, Tokyo-based automaker of electric two and three-wheelers, has managed to raise funds totalling USD10 million from Japanese and American investors. Although a humble amount, it is sufficient for the start-up to begin executing plans to establish its manufacturing hub in the Philippines. With the expanded capacity, Terra Motors aims to sell a total of 100,000 electric-powered vehicles in the Asian markets, including India, Bangladesh, Indonesia, Thailand and Taiwan, by 2015.
Within the few short months since November 2013, Tesla has received numerous deposits for their Model S and Model X SUV from buyers in China. Final selling prices had not even been determined until late last month. Such is the success of Tesla’s brand that the Chinese were willing to get a foot in regardless of the vehicle’s final price tag.