motive ecosystem. 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. It 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. It will have advanced R&D and engineering centers, as well as part...

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

4.73 billion. According to an annex in an executive order issued by President Trump, the reciprocal tariff rate on Thai exports stands at 37%, effective on April 9.Coupled with the recent earthquake, the UTCC said Thailand’s total economic losses are estimated at THB 375 billion, translating to a GDP contraction of approximately 2.02%. Consequently, the UTCC has revised its 2025 GDP growth forecast down to 1%. Local experts are urging the Thai ...

News  Updated at: 2025/04/04

in the overall market and is expected to continuously and steadily raise the penetration rates. The joint effect of the policies for large-scale equipment replacement and consumer goods trade-in further stimulated the release of terminal demand. China’s 2025 Government Work Report sets the annual GDP growth rate target at around 5%. The automotive industry, a national pillar industry, will see promising annual sales growth. Also proposed in the...

News  Updated at: 2025/03/25

deration of Thai Industries (FTI), in 2024, the total value of exports of CBU cars, engines, other auto parts, auto spare parts, motorcycles and its parts/spare parts stood at THB 1,021,015.12 million, down 2.4% YoY. TAPMA said the automotive and parts exports contributed around 12% of Thailand’s GDP in 2024. (From TAPMA release on March 11, 2025 and the Royal Thai Government release / the FTI release)...

News  Updated at: 2025/03/12

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: 2025/02/28

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: 2025/02/28

effect on March 12, could impact Mexico’s exports to the United States by approximately USD 22.53 billion. According to an analysis by the Mexican Institute for Competitiveness (IMCO), these tariffs will affect 4.7% of Mexico’s total exports, equivalent to more than 1.5% of the country’s 2024 GDP. The most impacted sectors include iron, steel, and aluminum, classified under tariff chapters 72, 73, and 76. However, the proclamation’s annex...

News  Updated at: 2025/02/27

) 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: 2025/02/26

) 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: 2025/02/25

lobalData’s Medium- and Long-term US Production Forecast, Light Vehicle production in the US will be 10.84 million units in 2028, which is 6.2% increase from 2024, after a slight decrease in 2025. GlabalData expects the vehicle demand will show the stable growth throughout this forecast period as GDP of the US is growing at around 2% or more. Production increase will be supported by this market growth. In the forecast for 2025 though, excessive...

Market & Tech Reports  Updated at: 2025/02/21

Q4 2024 (Jan. 2025) Chinese Market Q3 2024 (Nov. 2024) Chinese Market H1 2024: New Vehicle Sales Exceed 14M Units, NEVs 4.9M (Aug. 2024) Chinese Market Q2 2024 (Aug. 2024) Chinese Market Q1 2024 (May 2024)       According to a report by the National Bureau of Statistics of China in January 2025, GDP for the full year 2024 increased by 5.0% y/y to about CNY 134.9 trillion. Growth in the first quarter (Q1) of 2024 increased 5.3% y/y, 4.7% in Q2,...

Market & Tech Reports  Updated at: 2025/02/19

c injection parts, Obeikan Glass Company, and Abdul Latif Jameel Enterprises (ALJ) to produce alloy wheels. Ceer Further announced that over the next decade, it will create up to 30,000 jobs and attract USD 150 million in foreign direct investment. It will contribute USD 8 billion to Saudi Arabia's GDP by 2034. Based on Ceer social media updates/ multiple sources ...

News  Updated at: 2025/02/13

e official name of the cluster for automotive manufacturing activities, located within King Abdullah Economic City (KAEC). It will play a key role in Saudi Arabia’s economic diversification, boosting the automotive sector and sustainable transportation, while contributing to the growth of non-oil GDP and exports. It will host notable companies including Ceer, and Lucid Motors, several PIF joint projects with global manufacturers, including Hyun...

News  Updated at: 2025/02/07

Toyota expects Philippines’ auto sales to hit record-high of 512,000 units in 2025 Reported on February 3, 2025, Toyota Motor Philippines Corp. (TMP) believed that a favorable macroeconomic outlook may drive vehicle sales in the Philippines to hit a record-high of 512,000 units in 2025, or an 8% growth YoY. TMP said GDP is expected to exceed 6%. The financial sector remains sound with a growing consumer loan portfolio. OFW (overseas Filipino wo...

News  Updated at: 2025/02/05