The Car Industry Is Under Siege

global auto groupThe leading impartial and solely automotive targeted global forecasting and market intelligence service provider of automotive gross sales, production, powertrain and electrification. Regulators all over the world are fining corporations that don’t do sufficient to chop carbon dioxide emissions, even as patrons demand fuel-guzzling S.U.V.s. International auto sales are slipping for the first time in a decade, disrupted by President Trump’s escalating trade conflict.

Despite the every day publicity, gross sales of BEV (battery electric automobiles) and PHEV (plug-in hybrid electric autos) light vehicles also were relatively flat between 2015 and 2016, in keeping with IHS Markit evaluation, regardless of the ever-current longer-term progress fundamentals.

In China’s auto industry, one of the most prominent leaders is An Conghui, president of Zhejiang Geely Holding Group and president and CEO of Geely Auto Group, a US$sixteen billion motorized vehicle enterprise identified for its Geely automobile model in China, its acquisition of Volvo in 2010, and its progress as a global auto conglomerate.

Therefore, FCA’s Board strongly believes that this combination, which might have the scale, experience and assets to navigate the quickly changing automotive trade, would create new alternatives for employees of both firms and for other key stakeholders.