Oil Prices Set To Collapse

The Saudi-Russian Oil War is going to cause crude oil prices to collapse. Saudi Arabia plans to increase oil output next month, going well above 10 million barrels a day, as the kingdom responds aggressively to the collapse of its OPEC+ alliance with Russia. …“This is going to get nasty,” said Doug King, a hedge … More Oil Prices Set To Collapse

Auto Sales In China Down 80% In February

Auto sales in China, the world’s largest passenger car market, fell 80% in February because of the coronavirus epidemic, one of the country’s industry associations said on Wednesday. The China Passenger Car Association (CPCA) said in a statement that China’s overall passenger car sales dropped 80%, without giving a full sales figure for the month. … More Auto Sales In China Down 80% In February

China Begins To Subsidize Auto Purchases To Revive Collapsing Sales

A China Automobile Dealer’s Association poll shows that dealers predict a drastic drop in sales of 50% to 80% this month, compared to February 2019. 70% of dealers have said they have seen “almost no customers” since the end of January.  As China remains on lockdown due to the coronavirus, some Chinese cities are beginning … More China Begins To Subsidize Auto Purchases To Revive Collapsing Sales

Tesla Hardware 3: “It could end the auto industry supply chain as we know it”

Toyota and Volkswagen each sell over 10 million cars annually. Tesla delivered close to 370,000 in 2019.  In terms of electronics technology, however, Tesla is light years ahead of the industry leaders. According to Nikkei, Tesla’s integrated central control unit, or “full self-driving computer,” also known as Hardware 3, is the company’s biggest advantage in … More Tesla Hardware 3: “It could end the auto industry supply chain as we know it”

China’s Auto Sector Hit By Coronavirus

A 30-meter long auto-production line of a company in Wuhan of Central China’s Hubei province has adopted the #5G technologies, the first time in China, which provided smoother data transition to the machines in the process to improve the efficiency. #tech pic.twitter.com/A5xM1rSBIZ — China Daily (@ChinaDaily) April 16, 2019 The first cases of the pneumonia-like … More China’s Auto Sector Hit By Coronavirus

Electronics Rush To Auto Continues – LG And Cerence Sign MOU

Last week we posted the video,  Sony Builds A Car. The trend continues with traditional consumer tech companies desperate to get into the automobile industry.  LG  and Cerence Inc. – which recently spun off from Nuance Communications – have signed a memorandum of understanding to develop a new software solution that integrates LG’s webOS Auto … More Electronics Rush To Auto Continues – LG And Cerence Sign MOU

COTD: Global Vehicle Structure of Production

COTD = Chart of the Day The automobile sector is a globally interconnected industry with a large economic footprint. The size of the sector’s gross output (that is, the sum of its value-added and intermediate consumption) is about 5.7 percent of global output, according to the World Input-Output Database (Timmer and others 2015). Vehicles and related … More COTD: Global Vehicle Structure of Production