Auto industry shrinking at 'peak car,' dragging global economy lower - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 51%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

The auto industry is shrinking as the world reaches 'peak car' — and it's dragging down the entire global economy

The automotive industry is slowing faster than expected, and the shift brings massive economic threats.

The sector experienced a "sharp downturn" in production and sales through 2018, and projections call for a similar decline through this year, according to the International Monetary Fund. The IMF pegged the industry as a major factor in lagging industrial output, and said a prolonged contraction would directly affect the global economy.

The auto sector represented 20% of 2018's slowdown in GDP and roughly 30% of the slowdown in global trade, according to the IMF's latest

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 729. in BE
 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

ottoha

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Volkswagen Warns Auto Industry Downturn Is WorseningVolkswagen warned that the downturn in the global car market was worsening, but maintained its outlook for profit and revenue as the world’s biggest auto maker by sales continued to sell more higher-priced sport-utility vehicles. I thought SUVs were dead.
La source: WSJ - 🏆 98. / 63 Lire la suite »

Greensill eyes global expansion as it secures an extra $655 million from SoftBank - Business InsiderGreensill Capital secured $655 million from SoftBank and plans to use the funding for global expansion and to tap into early pay for workers.
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »

Volkswagen's upcoming Golf lineup will be able to talk to other cars and infrastructure - Business InsiderVolkswagen unveiled vehicle-to-vehicle and vehicle-to-infrastructure communication tech for the latest generation of its Golf compact passenger car. gotta make a green one too man! The latest from VW to replace the highly successful “clean diesel” marketing campaign🤔🙄😂
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »