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Honda to establish new motorcycle factory in Turkiye
On August 1, Honda Turkiye A.S. (HTR), 100% subsidiary of Honda Motor Europe, announced that it has decided to establish a new motorcycle factory in Aliaga, İzmir, aimed at supporting growth in the motorcycle market and boosting global motorcycle sales.
The COVID-19 pandemic has led to an increased demand for persona
GlobalData blog: Thailand’s automotive market faces critical challenges amidst shifting regional landscape
Thailand’s position in the ASEAN automotive landscape is facing increasing pressure as regional dynamics shift. The country experienced a staggering 26% YoY decline in Light Vehicle (LV) sales in 2024, and the outlook for 2025 remains bleak, with a further contraction of 7% YoY experienced in Q1 compared to an alread
Koito Manufacturing to dissolve and liquidate Fuzhou Koito in China
Koito Manufacturing Co. Ltd. (Koito Manufacturing) announced that it will liquidate its Chinese consolidated subsidiary, Fuzhou Koito Automotive Lamp Co., Ltd. (Fuzhou Koito). Established in December 1995 as a wholly owned subsidiary of Koito Manufacturing, Fuzhou Koito has been responsible for the manufacture and sa
JLR launches innovation challenge to enhance supply chain resilience with AI and big data
On March 19, JLR announced its partnership with Plug and Play, to launch its second innovation challenge, by inviting startups and researchers to develop advanced supply chain mapping technology. The winners will collaborate with JLR experts on a proof of concept.
Since the COVID-19 pandemic, JLR has improved supply
CLEPA reports 54,000 job losses in 2024 due to declining car production and EV investment
On January 15, the European Association of Automotive Suppliers (CLEPA) announced that the European automotive supply industry faced a difficult year in 2024 - a record 54,000 jobs cuts announced in the automotive supply industry in 2024 alone. This surpasses the job cuts which were announced during both the COVID-19
GlobalData blog: Nearly five years post-pandemic: where are we now?
America's automotive production and inventory, and ultimately sales, all took a massive hit and have not fully recovered. It begs the question: will things ever get back to where they were before?
It has been almost five years since the start of the COVID-19 pandemic and resulting semiconductor shortages that rocked
GlobalData Blog: Thailand’s automotive industry at a crossroads
Thailand’s automotive industry stands at a crossroads. While it remains a significant player in the ASEAN region, its traditional strengths are under pressure from global trends and domestic challenges.
Thailand, formerly known as “the Detroit of Asia,” is losing its competitive edge as a major auto production hub an
Thai auto parts firm Yarnapund PCL lays off all workers amid financial problems
Reported on November 28, 2024, the Thailand-based auto parts company Yarnapund PCL (YNP) has clarified its decision to lay off all its employees, which reportedly affected up to 800-900 jobs.
YNP said it has experienced financial problems and a lack of working capital for its operations amid the current conditions of
Industry Ministry proposes incentives for HEVs in Indonesia
Reported on November 26, 2024, Indonesia’s Industry Ministry has proposed a stimulus in the form of incentives for HEVs in Indonesia. According to the Industry Minister, if the discussion process goes smoothly, the implementation of the incentives could begin in early 2025.
This incentive plan is a continuation of t
CLEPA reports worst job losses in European automotive supply industry since COVID-19 crisis
On October 22, CLEPA (European Association of Automotive Suppliers) announced that the European automotive supply industry is facing its most severe job losses since the COVID-19 crisis. CLEPA projects that roughly 86,000 jobs have been lost in the sector since 2020. These losses are driven by declining demand, risin
Gaikindo asks for govt. support amid Indonesia’s declining car production and sales
Announced on October 2, 2024, the Association of Indonesian Automotive Industries (Gaikindo) said the weakening of local car production is inseparable from the sluggish car sales throughout 2024.
Based on the Gaikindo’s data, local car production in August 2024 reached 107,263 units (down 14.6% YoY). Car production i
GlobalData blog: Are more expensive cars here to stay?
The prices of light vehicles surged in the aftermath of the pandemic, but will they ever come down?
No, it isn’t your imagination – vehicles really have become significantly more expensive over recent years. Before the COVID-19 pandemic began, Light Vehicle (LV) prices mostly tracked with inflation in the wider US ec
GlobalData blog: The India vs. China discussion
A comparison between India and China often emerges as a focal point in discussions and industry conferences. A recurring question is whether India’s automotive market will encounter a take-off point akin to China’s.
In my assessment, this scenario is improbable.
There are obviously major disparities between these two
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