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GlobeData News Update November 14, 2023

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How will the zero emission vehicle mandate and Rules of Origin regulation impact BEV sales in the UK?

Both the UK government's ZEV mandate and Rules of Origin policy are potential headwinds to BEV sales in the UK


BMW launches first German Mini production

Flexible plant builds combustion, plug in hybrid and fully electric models on the same line

Continental to cut thousands of jobs

Supplier is looking for €400m in annual cost savings by 2025 as part of competitiveness drive

Vietnam sales drop in October

The market has now been in decline for a full year following an initial rebound from Covid lockdowns


Vitesco Technologies posts 71% gain to quarterly operating profit

Vitesco’s adjusted EBIT margin was also up to 3.5 percent in Q3 (Q3 2022: 2.0 percent)


Hyundai to open ‘smart urban mobility hub’ in Singapore

Claims the new facility will showcase combined human and robotic processes to 'set new standards of customer experience'

Cruise challenges GM

Mary Barra had stuck with Cruise in the face of scepticism from investors


Volvo does an electric minivan

China gets it first

Signal: Beev Secures $3.2m in venture funding

French start-up aims to help fleets transition to electric via turnkey offering that includes charging stations and financial packages