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...“The long-term projections for tourism numbers in Europe suggest that projected supply levels [in the region] will be inadequate to satisfy this demand,” he added....
...The business is trialling hydrogen fuel cells in some Hilux pick-up trucks that could be used by UK commercial vehicle customers for long-distance journeys that are less suitable for battery models....
...Scaringe said that executives at the company still “firmly believe in the full electrification of the auto industry, but recognise in the short term the challenging macroeconomic headwinds”....
...The job cuts come as the slowdown in sales of EVs makes waves across the global car industry, with companies across the supply chain from South Korea to Germany slashing jobs and costs....
...Autos are just one part of a wider industrial framework within which, for decades, developed economies have relied on China as an inexpensive and collaborative manufacturing hub....
...“The US wants to create alternative supply chains in partner countries . . . but what happens when it’s Chinese companies that are building those supply chains?”...
...Commercial supplies through the Rafah crossing with Egypt have also been disrupted....
...Data group Cox Automotive found that car dealers only have a 20-day supply of GM’s Chevrolet Colorado midsize truck, down from 35 days last month, while the supply of GM’s GMC Canyon midsize truck has shrunk...
...The first is a multinational route for commercial vessels between Larnaca in Cyprus and Gaza....
...Ukraine relies heavily on its western borders for travel and trade, with commercial and cargo flights suspended and its ports blocked....
...“It’s an impressive beast, but it’s a beast,” said Philippe Houchois, an auto analyst at Jefferies who was one of the handful selected to try it....
...“It has now caused a major headache for auto companies that rely on these ships....
...Shipping by water is cheaper and cleaner than by truck or air....
...Lotus commercial head Mike Johnstone said investors were interested in the company’s “history and heritage”, which stemmed from motor racing....
...Dealers are taking 88 days to sell their entire supply of electrified cars and trucks, compared to 39 days in October 2022, according to Cox....
...The surging valuation coincided with a boom in sales at Pilot’s truck stops, as companies raced to overcome supply chain disruptions they faced in the midst of the pandemic....
...Among those running short of supplies in the north are hundreds of Palestinian Christians who have been holed up in two churches in Gaza City....
...In October, GM announced a one-year delay in expanding production for all-electric trucks at its Orion Assembly plant in Michigan....
...Analysts said the ongoing price war in China’s auto market could lead to a vicious cycle. “In the case of China, when the price is lower, people think, ‘wait a minute....
...A version of this article was first published by Nikkei Asia on February 7. ©2024 Nikkei Inc. All rights reserved....
...These are hard calls and we’re in no position to forecast the EV supply-demand balance....
...It isn’t to Airbus — the A220 only represents about 7 per cent of the company’s annual commercial aircraft revenues,” said Tusa....
...“We can keep famine at bay but only if we can deliver sufficient supplies and have safe access to everyone in need.”...
...from companies such as LKQ to supply their network of collision repair shops....
...“Everybody I talk to in European governments is talking about ‘de-risking,’” Min-suk Sung, chief commercial officer of South Korean battery maker SK On, told the Financial Times....
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