auto industry - updates

Rappler's latest stories on auto industry

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Going green, trade war challenge world auto industry – IMF

Oct 16, 2019 - 1:00 PM

'Near-term prospects for the [auto] industry remain sluggish,' says the International Monetary Fund

(FILES) In this file photo taken on November 1, 2017 shows a Chinese employee working on a production line of automobiles at a factory in Changchun in China's northeastern Jilin province. - There is trouble on the horizon for the global auto industry, which faces new European anti-pollution standards, shrinking Chinese tax breaks and rising trade barriers, according to the International Monetary Fund.In a report published October 15, 2019 on the global economy, the IMF casts a glance at this manufacturing sector, which is confronting a fundamental transition: "decarbonization."The industry contracted last year for the first time since the global financial crisis began, contributing to the current global economic slowdown."Near-term prospects for the industry remain sluggish, and efforts to decarbonize pose a fundamental challenge in the medium term," the report said.Auto manufacturing -- which accounts for 5.7 percent of global GDP and eight percent of goods trade -- shrank by 1.7 percent last year by volume of vehicles produced, according to the IMF.In China, the world's largest auto market, auto sales fell by three percent, their first decline in 20 years. Similar declines were recorded in Germany, Italy and Britain. In the United States, sales have continued to rise, but only slightly. (Photo by STR / AFP) / China OUT

EU ignoring diesel pollution despite Volkswagen scandal – NGO

Jun 07, 2016 - 12:15 PM

Brussels based group Transport Environment T E accuses regulators of not addressing over pollution

epa05195105 Marc Oliver Dahl, head of the repair shop of a Volkswagen (VW) dealer, runs a diagnosis program at a VW Passat TDI in Solingen, Germany 04 March 2016. Volkswagen started a massive recall of diesel cars to update the emissions software in a move to regain customers' trust lost in the Volkswagen emission scandal. EPA/MARIUS BECKER

Google, Uber in coalition to promote self-driving cars

Apr 27, 2016 - 2:35 PM

The tech giant and the ride hailing company join Ford Volvo and start up Lyft as founding members of the Self Driving Coalition for Safer Streets

A Google self-driving car is seen in Mountain View, California, on May 13, 2014. A white Lexus cruised along a road near the Google campus, braking for pedestrians and scooting over in its lane to give bicyclists ample space. AFP PHOTO/Glenn CHAPMAN / AFP PHOTO / GLENN CHAPMAN

Industry calls for fast lane for self-driving cars in US

Mar 16, 2016 - 3:00 PM

If every state is left to go its own way operating self driving cars across state boundaries would be an unworkable situation says Google s Chris Urmson

The Google self-driving car maneuvers through the streets of in Washington, DC May 14, 2012. The system on a modified Toyota Prius combines information gathered from Google Street View with artificial intelligence software that combines input from video cameras inside the car, a LIDAR sensor on top of the vehicle, radar sensors on the front of the vehicle and a position sensor attached to one of the rear wheels that helps locate the car's position on the map. As of 2010, Google has tested several vehicles equipped with the system, driving 1,609 kilometres (1,000 mi) without any human intervention, in addition to 225,308 kilometres (140,000 mi) with occasional human intervention. Google expects that the increased accuracy of its automated driving system could help reduce the number of traffic-related injuries and deaths, while using energy and space on roadways more efficiently. AFP PHOTO/Karen BLEIER / AFP / KAREN BLEIER

Germany's BMW celebrates 100th anniversary

Mar 07, 2016 - 4:30 PM

The century old carmaker now has more than 116 000 employees and 88 billion in annual sales

epa05097864 The BMW M2 Coupe at the North American International Auto Show at Cobo Center in Detroit, Michigan, USA, 11 January 2016. Auto manufacturers from around the globe come to show off their latest models and concepts. EPA/LARRY W. SMITH

Nissan to build cars in Myanmar for first time

Feb 17, 2016 - 9:45 PM

The Myanmar assembly line aims to produce 10 000 units a year says Nissan

epa04864554 (FILE) A file photo dated 02 April 2015 shoeing the Nissan car company logo on display at a press event at the 2015 New York International Auto Show at the Jacob K. Javits Center in New York City, New York, USA. Nissan Motor Co said 29 July 2015 its net profit for the April-to-June quarter rose 36.3 per cent year-on-year, to 152.8 billion yen (1.24 billion dollars) due to strong sales in North America and Europe. Japan's second-largest carmaker also reported a 58-per-cent rise in operating profit to 193.7 billion yen for the three-month period. Sales jumped 17.6 per cent to 2.9 trillion yen. The number of vehicles sold in the United States, Nissan's largest market, rose 11.5 per cent from a year earlier to 360,762 units, while domestic sales fell 11.2 per cent to 114,066. EPA/JASON SZENES

Toyota plants start again after 6-day parts shortage

Feb 15, 2016 - 11:29 AM

Operations at Toyota s vehicle assembly and parts plants resume as scheduled on Monday February 15

epa05144109 A Toyota logo is seen on the front end of a vehicle on display at the company's showroom in Tokyo, Japan, 05 February 2016. Strong US sales and cost-cutting pushed carmaker Toyota Motor Corp's net profit up by 4.7 per cent to 628 billion yen (5.37 billion dollars) in the last quarter, the company said. The world's top carmaker also booked an operating profit of 722.3 billion yen in the October-to-December quarter, down 5.3 per cent from the same period a year before. Sales grew 2.4 per cent to 7.34 trillion yen. EPA/CHRISTOPHER JUE

Toyota gives up on hipster brand Scion

Feb 04, 2016 - 4:00 PM

The car maker will stop selling its Scion line noting changes in buying habits of American millennials

The Toyota Scion tC is introduced at the North American International Auto Show at Cobo Hall in Detroit, Michigan on Monday, 05 January 2004. EPA/ROB WIDDIS

Hyundai profit falls to 5-year low

Jan 26, 2016 - 7:36 PM

The South Korean car maker s net profit for 2015 only amounts to 6 5 trillion won 5 4 billion

Gov’t to roll out incentives program for auto firms

Jan 14, 2016 - 7:52 PM

Car and car parts manufacturers in the country can begin applying for the CARS program on January 15

Obama knocks Romney on auto industry

Nov 03, 2012 - 9:16 AM

President Barack Obama says his auto bailout saved jobs while Mitt Romney was willing to let the industry stall

General Motors cuts jobs as profit drops in third quarter

Nov 01, 2012 - 8:21 AM

General Motors announces plans to cut thousands of jobs in Europe after losses there contributed to a 12 drop in third quarter profit