domino effect. This strategic engagement forms part of the Indonesian government’s ongoing efforts to strengthen industrial diplomacy, promote a favorable investment climate, and safeguard the sustainability and global competitiveness of the automotive industry, a key contributor to Indonesia’s GDP and manufacturing exports. (From Indonesia's Ministry of Industry social media updates)...

News  Updated at: 2025/07/15

ustry (INA), the value of auto parts production in 2024 increased 1.2% y/y to USD 121.69 billion, a record high for the third consecutive year.   However, the impact of the U.S. Trump administration's tariff policies on both the U.S. and Mexican economies is beginning to become apparent, with real GDP growth in Q4 (October-December) of 2024 negative (-0.6%) for the first time in three years (+1.3% for the full year of 2024). Preliminary GDP figu...

Market & Tech Reports  Updated at: 2025/07/11

) sales included in the commercial vehicle sales were down 34.7% to 14,435 units. The difficulty in getting auto loans approved under financial institutions’ strict conditions is still the key reason for the sales decline. Thailand’s economic growth slowed. The household debt ratio was 89.6% of GDP (as of Q2/2024), while non-performing loans in the automotive sector continued to increase. The FTI added that a satisfying number of car bookings...

Automotive Production Data  Updated at: 2025/07/04

its.Last month, MAA revised its original annual sales forecast from 740,000 units to 765,000, changing from a projected decrease of 7.5% to a projected decrease of 4.3% compared to last year. This revision was influenced by several positive factors, including the government's forecast of Malaysia's GDP expanding in the range of 4% to 5%, Bank Negara's decision to maintain the OPR at 3% at its recent Monetary Policy Committeemeeting, a healthy bac...

Automotive Production Data  Updated at: 2025/07/04

) sales included in the commercial vehicle sales were down 34.7% to 14,435 units. The difficulty in getting auto loans approved under financial institutions’ strict conditions is still the key reason for the sales decline. Thailand’s economic growth slowed. The household debt ratio was 89.6% of GDP (as of Q2/2024), while non-performing loans in the automotive sector continued to increase. The FTI added that a satisfying number of car bookings...

Automotive Sales Data  Updated at: 2025/07/03

its.Last month, MAA revised its original annual sales forecast from 740,000 units to 765,000, changing from a projected decrease of 7.5% to a projected decrease of 4.3% compared to last year. This revision was influenced by several positive factors, including the government's forecast of Malaysia's GDP expanding in the range of 4% to 5%, Bank Negara's decision to maintain the OPR at 3% at its recent Monetary Policy Committeemeeting, a healthy bac...

Automotive Sales Data  Updated at: 2025/07/02

nties, and outcomes of negotiations on trade tariffs imposed by the U.S. that have an adverse impact on the overall local economy are expected to weigh on Malaysia’s economic growth and have an adverse impact on the broader automotive market. While the Philippine market continues to post moderate GDP gains, the overall automotive sector faces slower momentum due to inflationary pressures, subdued global demand, and intensified competition from ...

News  Updated at: 2025/06/18

in Thailand decreased 17.5% year over year to 68,326 units. The negative factors mentioned by the FTI included the increased auto loan rejection rates, especially of pickup trucks, with stringent requirements of financial institutions. Household debt level has already exceeded 90% of the country's GDP. There was also an economic slowdown and a delay in the 2024 fiscal budget. 2023 full year vehicle sales in Thailand decreased 8.7% year over year...

Automotive Production Data  Updated at: 2025/06/04

ger car production was up 10.7% to 365,401 units, commercial vehicle was up 14.3% to 46,927 units.Mike Hawes, CEO of SMMT said "Another month of growth for UK car production is good news and a sign that, despite challenging economic conditions, the industry’s foundations are strong. But with weak GDP growth, high inflation and rising interest rates, it’s crucial that UK car factories stay globally competitive. All political parties must recog...

Automotive Production Data  Updated at: 2025/06/04

2, supported by the transport of goods forced onto roads due to the rail inefficiencies. The country’s weak economic growth rate, although still marginally positive, remains a key challenge for the new vehicle market going forward in view of the close correlation between new vehicle sales and the GDP growth rate. With a modest GDP growth rate of 1% projected for 2024, the new vehicle market would likely only improve by single digits of around 5...

Automotive Sales Data  Updated at: 2025/06/04

in Thailand decreased 17.5% year over year to 68,326 units. The negative factors mentioned by the FTI included the increased auto loan rejection rates, especially of pickup trucks, with stringent requirements of financial institutions. Household debt level has already exceeded 90% of the country's GDP. There was also an economic slowdown and a delay in the 2024 fiscal budget. 2023 full year vehicle sales in Thailand decreased 8.7% year over year...

Automotive Sales Data  Updated at: 2025/06/04

division (Vehicles Assembly, Manufacturing, Distribution & After-Sales Services) dropped 1.5% to MYR 530.5 million. Looking ahead, Tan Chong remains focused on recovery amid global uncertainties and a projected decline in Malaysia’s auto market, supported by resilient domestic demand and positive GDP forecasts. Strong early sales of the Nissan Kicks e-POWER and the upcoming TQ Wuling Bingo EV reflect its EV push.  In Vietnam, GAC models, notab...

News  Updated at: 2025/05/26

Thai OIE reveals strategic industrial restructuring to address U.S. tariff threats Reported on May 26, 2025, Thailand’s Office of Industrial Economics (OIE) warned that new US tariffs could cut the country’s industrial exports by around THB 200 billion in 2025, slowing industrial GDP growth by over 1 percentage point.  To counter this, the OIE is accelerating the restructuring of 9 key sectors, including automotive, which plays a major role ...

News  Updated at: 2025/05/26

osystem. Backed by multi-billion-dirham investments from global industry leaders, the programme aims to transform Abu Dhabi into the region’s leading hub for smart automotive manufacturing, R&D, auctions, and luxury vehicles. The program is projected to contribute AED 100 billion to Abu Dhabi’s GDP by 2045, attract over AED 8 billion in FDI, and create 7,000 high-skilled jobs. The inclusion of advanced R&D and engineering centres, as well as ...

News  Updated at: 2025/05/26

dustry. Sales have dropped in the first three months of 2025, with major markets such as Germany, Italy, and France all recording negative growth. The recovery seen in 2023 has stalled and the region is now experiencing a downturn. Economic conditions are a major factor behind the decline. Eurozone GDP remains sluggish, and high inflation persists, leaving the European Central Bank (ECB) facing increasing uncertainty regarding its monetary policy...

News  Updated at: 2025/05/08

lity in Four Ashes near Wolverhampton (West Midlands). The new plant has state-of-the-art stamping equipment in its 50,000 square metres facility. It will include the production capability of the existing Gestamp Cannock plant when the existing capacity is transferred. Gestamp has invested close to GDP 50 million to date in the region. The new plant will bring a completely innovative technology of hot stamping. That includes one of the biggest ho...

Major Suppliers  Updated at: 2025/05/08

also gain staged access to the UK market under a quota-based framework.  The FTA also allows UK automotive and clean energy firms access to India’s GBP 38 billion central procurement market. The agreement aims to increase bilateral trade by GBP 25.5 billion annually and is projected to raise UK GDP by GBP 4.8 billion in the long term. Once ratified, both countries are expected to implement the deal following legislative approvals. Based on th...

News  Updated at: 2025/05/07

llaboration between IEAT and Araya Land Development Co., Ltd. on the establishment of the Araya Industrial Estate in Samut Prakan Province. This will be the 73rd industrial estate under IEAT's supervision, designed to support emerging industries and contribute to the growth of Thailand's industrial GDP.The project aims to attract investment in key sectors such as semiconductors, electronics, electric vehicles (EV), and data centers. Factories wit...

News  Updated at: 2025/05/02

Taking an overall look at Mexico's economy, in 2023, investment activity was intensified due to the trend of "friendly-shoring" and "near-shoring" against the backdrop of the intensification of the US-China conflict and the increasing geopolitical risks due to Russia's invasion of Ukraine, and the GDP growth rate reached 3.2%. However, the economic slowdown became clear toward the second half of 2024, with the annual growth rate remaining at 1.3...

Market & Tech Reports  Updated at: 2025/04/30

atitude, longitude, start and end time as well as the vehicle type. With data privacy being its highest priority, Bridgestone has implemented several layers and methods to anonymize and aggregate the data, including density-based spatial clustering of applications with noise, and in compliance with GDPR guidelines. (From a press release dated October 13, 2021) Bridgestone Corporation (Bridgestone) inaugurated the expansion project of its tire man...

Major Suppliers  Updated at: 2025/04/18