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...That gives it more resources to catch up on electric offerings, with strong hybrid sales bridging the transition....
...“The rise of emerging players is becoming faster and stronger. Companies that cannot respond to the changes will be wiped out,” said Honda’s president Toshihiro Mibe....
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...to research company Counterpoint....
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...But to manufacture models in Europe for this price, the companies must look to cut costs further....
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...“We don’t have 22 screens, we don’t have electric seats, and [this approach] resonates more and more, because some people are saying: don’t spend your money on useless things....
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...They are still worthwhile for people in sprawling suburbs, who drive long distances every day and who will earn back the emissions and the financial outlay by never buying gas again....
...Fatih Birol in the report, which found less than 1 per cent of investment in clean energy came from oil and gas companies....
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