Inventory of the global automobile market in 2019 Top Ten News Events

2019 is the year of the ever-changing global automotive industry, the influence of new energy vehicles is growing, traditional car manufacturers facing transition.

and governments have also introduced policies and regulations to protect its automobile industry, and enacted a number of policies to promote the domestic market. So this article I will give you ten events in 2019 to take stock of the global automobile market news.

1.PSA-FCA merge into the world’s fourth largest automotive group

[ 123] say that in 2019 the largest automobile market news comes as Fiat Chrysler (FCA) and PSA Peugeot Citroen (PSA) to complete the merger.

Both parties agreed to merge 50:50, and signed a final agreement, the new company plans on the Internet, a pure electric car-sharing and efficient autopilot terms of expansion of cooperation and innovation. While PSA Peugeot Citroen will get more influence in the US market. Fiat and Chrysler will also include the Alfa middot; Romeo and Maserati brands and technical cooperation with PSA Peugeot Citroen Group.

The two sides after the merger of the company became the world’s fourth largest auto company, sales volume reached 8.7 million, sales reached 170 billion euros. And it covers the market from civilian cars to luxury cars, luxury cars, sports cars, and all the segments.

2. General Motors American union strike, GM lost $ 1 billion

General Motors Corp. US auto plant in the US trade union (UAW) in 2007 after a lapse of 12 years again carried out a general strike.

From the beginning of 2019 September 15, more than 49,000 General Motors employees went on strike, the union called for the restructuring, including wages, health care, stable employment, and trade unions strongly opposed to close Ohio and Michigan factory.

AlthoughHowever, General Motors announced this after thousands of non-regular employees, signed into formal employees, and promised to provide $ 7 million investment. However, due to differences in wages, health care and job security aspects and failed to reach agreement.

According to the “New York Times” news, General Motors lost during the strike of more than $ 1 billion. In addition, under the agreement between the union and General Motors, General Motors next year will be for staff salaries, to pay more than $ 100 million.

shares Tesla

3. one after another

2019 Tesla’s stock appeared very large fluctuations, in January 2019, Tesla announced layoffs to cut staff 7 percent of production costs of Tesla Model3, shortly after Tesla’s stock closed at $ 302.26, compared with the previous a trading day to $ 37.43 billion, fell 19.2 percentage.

In Tesla Model3, the standard model price from $ 42,900, the price to $ 35,000, while the stock price from $ 319.88 7.8 percentage fell to 294.79 in February.

Furthermore, since the co-founder and chief technology officer to leave in July, and Tesla disappointing performance in the second quarter, so Tesla shares from July 14 to continue to fall as a percentage.

Later, Tesla’s stock price soared appeared in October, due to the profit of the third quarter as well as the success of the Tesla factory in Shanghai came the good news models coming off the assembly line, so Tesla shares up 17.7 percentage. Plus GM strike because the union news triggered a stock price fell, so Tesla stock was more than General Motors.

4. crumbling British car

With the global auto market into a recession, car manufacturers in order to cut costs but also between pains, according to Bloomberg and other foreign news media in recent years, global car manufacturer will lay off more than 80,000 employees, most of which are concentratedIn the United States, Germany and the UK.

In recent years, Audi announced a major restructuring, Audi represents 2025 would cut 9,500 production workers, and the savings of $ 6.6 billion to invest in the development of electric vehicles.

Mercedes-Benz also said to phase out by 2022 and to cut labor costs, about 1 billion euros. Although Daimler did not disclose specific layoffs, but said it would lay off 10 percent of business managers.

Although BMW has not announced significant layoffs, but to raise money by reducing the incentive payments, make the transformation of electric vehicles.

These large carmakers succession of layoffs, and the United Kingdom have some off-European relations. As the British off the uncertainty caused by Europe, Jaguar Land Rover earlier this year announced a restructuring plan, will have 4,500 employees were laid off. In addition, Honda is closed factories in the UK. Peugeot Citroen said that future plans to sell production facilities in the UK.

5. The United States imposed import tariffs in Europe and America?

US increased tariffs on imported cars, the current US President Trump believe imported cars to the US automobile production constitutes a great threat, in accordance with Article 323 “Trade Expansion Act” levy up to 25 the percentage of tariffs on imported cars, imported cars trying to reduce to promote domestic production of cars by this method.

there is another view is that the US government’s goal is for the EU and for Japan, because these two places auto exports to the United States is very large, and the auto tariffs as a bargaining chip in future trade negotiations.

6. Uber and Lyft listed shares fell

U.S. first and second Uber and Lyft call car company in the United States and has IPO on the New York Stock exchange.

Uber first day’s closing price of $ 41.57, the market value was as high as 120 billion US dollars, but still far below market expectations. Soon after, the stock public offering will be 7.62 percentage fell, after a month, chief executive officer and chief marketing officer has to leave, and decided to lay off two months after the listing. As of December 23, 2019, Uber’s share price of $ 30.45, close to the record low of 29.34 dollars.

Lyft is the same, to $ 72 per share at premium prices, in the first day of the trading day soared to $ 78.29, but within two days the shares have plummeted 12 percentage, as of December 23, closing price of $ 47.92.

7. Mercedes-Benz, BMW has replaced CEO

Mercedes-Benz and BMW in 2019 have successively replaced CEO, Mercedes-Benz head Dieter middot; Zetsche (Dieter Zetsche) the outgoing Chairman of the Board of Daimler, Mercedes – Benz global CEO positions. Zetsche took over from the hands of the R & D director and a board member of Daimler Kang Linsong (Ola Kaellenius).

BMW 奥利弗齐普斯 (Oliver Zipse) promoted to CEO, he joined BMW as an intern in 1991. After the addition of BMW, he quickly was promoted from a senior engineer. In the past 30 years, before becoming the executive board member responsible for production, he has been in charge of BMW’s long-term brand and product strategy. Under the leadership of Qipu Si, the BMW efficient production network in Hungary, China and the United States have been extended to help BMW achieve industry-leading profit margins.

8. United States, two big countries sales of cars stalled [123 ] China and the United States the two major global automotive market stagnated from 2009, the US gradually out of the shadow of the subprime crisis, 2016, the US auto market to maintain high growth for seven consecutive years, but in 2017 and 2018 market maintained at 2 about the percentage of growth, but this year bigNot the same, demand has been declining.

The Chinese market also appeared in a similar situation, many automobile manufacturers have turned off, and even spread to the joint venture car, reported that Hyundai Motor has closed a second plant in Beijing, the factory has over the years in a depressed state.

According to data of the China Association of Automobile Manufacturers. China’s auto sales fell in January fell by 3.6 percentage 2.45 million year on year decline for 17 consecutive months, from January to November this year, the cumulative sales of 19.231 million, a decrease of 10.5 percentage than last year.

9. The major manufacturers to solve the traffic problems in the last mile

global automotive manufacturers are efforts to solve the transport problem of the last mile. BMW last year launched the electric pedal “E-Scooter”. E-Scooter introduced a variety of versions, including for commuting and for the City Scooter Kids Scooter children. In August, Audi launched the electric pedal “e-tron scooter”, the goal is mass-produced and released in late 2020.

At the same time, Peugeot has launched in 2016 the electric scooter e-kick, also announced in 2017 the modern electric pedal Ionic Scooter, while Volkswagen also announced the 2018 Streetmate and City Skater.

10 modern fire Kia Motors U.S., 2,300,000 relates to modern, Kia 1,870,000

[123 ] Hyundai Motor Group is not better than the day in 2019 the US market, the US market broke the news of thousands of cars on fire. National Highway Traffic Safety Administration (NHTSA) involved in the investigation, Hyundai-Kia faced with thousands of complaints from users. Vehicle involved up to 4.15 million, which includes 2.3 million Hyundai Motor and Kia Motors 1.87 million.

final decision on the Hyundai-Kia Automotive lifelong maintenance of the vehicle engine. Theta2 GDi engine is Hyundai-Kia Motors gasoline engines developed in 2008, but since 2011, the United States took place in the engine caught fire accident of unknown causes.

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