Global automakers

Automakers rush in where miners fear to tread
World+Biz

Automakers rush in where miners fear to tread

Vehicles are seen parked in a lot at the port of Newark New Jersey, U.S., February 19, 2019. Photo: Reuters
Global Economy

Global automakers face electric shock in China

A line of Toyota cars are offered for sale on the forecourt of a main motor car dealer in Brislington on October 6, 2015 in Bristol, England. Latest data from the Society of Motor Manufacturers and Traders (SMMT) show a record 462,517 new cars were registered in the UK last month, a 8.6% year on year increase, and that total sales in the year to date have hit 2,096,886, 7.1 percent higher than the same point last year and the first time the two million mark has been passed in September since 2004. The figures also showed a slight drop in the levels of drivers choosing diesel-engined cars, claimed in part to be due to the scandal that has surrounded Volkswagen and the disclosure that they cheated emissions tests on their diesel cars. (Photo by Matt Cardy/Getty Images) (Getty Images via Bloomberg)
Global Economy

Why does the world need so many cars, anyway?