zzdcar
Home
/
Reviews
/
Culture
/
Car Companies Can Expect To Lose At Least $100 Billion
Car Companies Can Expect To Lose At Least $100 Billion-November 2024
2024-02-19 EST 22:12:43

Image for article titled Car Companies Can Expect To Lose At Least $100 Billion

We may have a clearer picture of how coronavirus-related shutdowns are going to hit the auto industry. That and more in for April 6, 2020.

The when discussing how the global economy has fallen thus far. But how bad will it be? One UK-based research group has a projection, as reports:

The car industry’s shutdown in Europe and North America is set to cost more than $100bn in lost revenues if factories across both continents remain closed until the end of April.

Lost European sales are forecast to rise to 2.6m cars, worth €66bn, while in North America they will hit 2m cars, worth about $52bn, if — as expected — the closures remain in force for the rest of this month.

The calculations have been made by Ian Henry, who owns research group AutoAnalysis and compiles vehicle output forecasts for Britain’s motor industry trade association, the SMMT.

Mr Henry said each further week that European sites were closed would cost the industry an additional €8bn in lost production value. In North America, the figure would be up to $7.5bn.

The piece goes on to note that previous projections about restarting production by the end of March, well, haven’t exactly panned out. Makes you wonder about current projections, too!

2nd Gear: Coronavirus Will Not Stop What’s Important: The Nissan Rogue Redesign

People are dying, factories have ground to a halt, but at least Nissan is keeping its eye on the prize: launching a new generation of its Nissan Rogue crossover in the autumn. Apparently the Nikkei has expected a delay in sales as Nissan’s Smyrna, Tennessee factory is halted at the moment, but Nissan is plowing ahead as reports:

Nissan has committed to the fall launch of the next-generation Rogue crossover, despite keeping all its U.S. plants offline through late April in the wake of the Covid-19 pandemic.

“At this time, our new model launch programs for the U.S. are on track. The all-new Nissan Rogue will be in U.S. showrooms this fall,” Nissan Motor Co. said in a statement Monday.

Let nothing get between us and crossover sales.

3rd Gear: VW U.S. EV Sales Somehow Down

Car sales in general are plummeting, but it’s still a bummer to see declining sales on VW’s electric vehicles, as reports:

Electrification of the Volkswagen brand in the U.S. is moving slowly - e-Golf is declining, while the ID.3 is not even planned.

Volkswagen reports sales of 75,075 cars in the first quarter of 2020 (down 13%) in the U.S., but only less than half a percent were actually electric.

The general sales are affected by the COVID-19 outbreak (in March sales went down by 42% year-over-year).

The only plug-in model - the all-electric e-Golf - noted just 361 sales, which is 58% less than a year ago and just 0.48% of all VW (4.7% of Golfs).

This comes after VW announced that , lest it face fines.

4th Gear: U.S. Pickup Sales Somehow Up

We . Either sheepish Americans just can’t imagine a life without their trucks as normal, or frightful Americans expect that the world at large will collapse and their leather-lined F-150 will help them ride out the apocalypse.

In any case, we underestimated things, as reports today:

In a quarter when total U.S. new-vehicle sales fell double digits, deliveries of full-size pickups rose 3 percent. General Motors posted its best first-quarter full-size pickup sales in 13 years after rolling out no-interest financing on seven-year loans, and Ram was among just three brands in the entire industry to report an increase last week.

As sales dried up at dealerships around much of the country starting in mid-March, there was far less disruption in states such as Texas, Florida and Georgia, where governors were slower to put restrictions on residents and businesses. March pickup sales were exactly in line with J.D. Power’s pre-coronavirus forecast in the Southeast and off just 1 percent in the South Central region. Meanwhile, sales in the Northeast plummeted 29 percent below expectations.

“As some states put strict social distancing orders in place, others were business as usual, and for us, that meant truck sales continued,” a GM spokeswoman said.

As the great Connor O’Malley once prayed, .

5th Gear: Now Was Not The Time For Aston Martin

We reported earlier that , as production had to shut down not long after a billionaire dumped $500 million into the company. Now Aston has opened a fresh $100 million credit line, fearing it might be dead within a year, as reports:

Aston Martin has opened a fresh $100m credit line after warning the business will run out of money for its current spending plans within 12 months.

[...]

This is a critical year for the company, which is about to launch its first ever sport utility vehicle, the DBX, which was due to be delivered to customers in the second quarter.

Chief executive Andy Palmer said the model “will start production shortly after returning from the Covid-19 enforced shutdown, with an order book now exceeding 2,000 units and deliveries still planned for summer 2020, dependent on production and supply chain returning as currently anticipated.” 

Every day is a new day that I weep .

Reverse:

Stanley Kubrick’s 2001: A Space Odyssey debuts in theaters on April 6, in 1968.

Kubrick, whose 1964 Cold War satire Dr. Strangelove had been popular with audiences and critics alike, was intrigued by science fiction but felt the genre rarely produced interesting films. He became determined to make one, using the sci-fi story The Sentinel as source material and enlisting its author, Arthur C. Clarke, as his co-writer. The film does feature a coherent plot, involving two scientists and a highly-intelligent computer sent to investigate a mysterious event near Jupiter, but several scenes—including the film’s now-legendary opening, which seems to depict hominids learning to use tools after the appearance of a mysterious monolith—are surreal and highly open to interpretation. Filming required the construction of a giant centrifuge to serve as the spaceship’s interior and numerous expensive visual effects, including a groundbreaking psychedelic sequence near the end of the film so complex that staff referred to it as the “Manhattan Project.” Kubrick is said to have removed over 15 minutes from the final cut, which nonetheless ran well over 2 hours.

Neutral: Who Makes It Out?

on the global political and economic reality of coronavirus discussed rising protectionism. It makes me wonder if we may end up with more smaller carmakers rather than fewer bigger ones, reversing the trend of the past few decades. But maybe I am dreaming more than projecting.

Comments
Welcome to zzdcar comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Culture
Toyota Is Moving A Prewar 700-Ton Press Machine Halfway Around The World
Toyota Is Moving A Prewar 700-Ton Press Machine Halfway Around The World
closed its São Bernardo Plant in November 2023, marking the end of its first overseas production facility. The closure caps off a period of continuous car production in São Paolo, , lasting over 60 years. The plant was home to a Komatsu 700-ton press that predates itself. And now...
Nov 12, 2025
Watch ABS Fail When MotorWeek Tests A 1997 Chevy S-10
Watch ABS Fail When MotorWeek Tests A 1997 Chevy S-10
MotorWeek’s is some of the on the internet. The long-running automotive news magazine has a treasure trove of tests after being on the air for over 40 years. Where else can you find detailed instrumented testing of long-forgotten cars like the or a ? MotorWeek’s recent Retro Review upload is...
Nov 12, 2025
Subaru Had It Right All Along
Subaru Had It Right All Along
When first came to the United States, it sold small funky cars that were decidedly un-American. As the company grew its own identity and became more established in the U.S., it became the first automaker to offer an all-wheel-drive passenger car in 1975. Subaru was also an early-adopter of...
Nov 12, 2025
I Entered My Lifted Miata In A Real Off-Road Race, Here's What Happened
I Entered My Lifted Miata In A Real Off-Road Race, Here's What Happened
I have two automotive loves: The first is the Miata, the second is off-road racing. For a while I raced air-cooled Volkswagens in the deserts of California and Nevada and I was lucky enough to co-drive in a class 11 stock bug in the Baja 1000 a few years...
Nov 12, 2025
2024 Kia EV9: What Do You Want To Know?
2024 Kia EV9: What Do You Want To Know?
At long last, we are about to get behind the wheel of for the first time. Sure, , and sure, , and sure , but hey — what can you do? Anyway, before we get behind the wheel of this three-row electric beast, we want to know what you...
Nov 12, 2025
I Can't Get Enough Of This YouTuber Who Builds Tiny, Fully Functional Scale-Model Cars
I Can't Get Enough Of This YouTuber Who Builds Tiny, Fully Functional Scale-Model Cars
I love tiny, of . I have a that is roughly half the size of a normal cat, and she’s perfect. I own a 2013 , which is like the miniature version of a normal-sized vehicle (at least here in Texas) — but beyond that, I also own a Hot...
Nov 12, 2025
Copyright 2023-2025 - www.zzdcar.com All Rights Reserved