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Ford has announced its intention to open a new car showroom in Burma after the US government eased trade restrictions in February 2013. The removal of sanctions presents a new opportunity for American companies within Asia. Following Burma's recent democratic reforms, Ford is among the major Western companies that are looking to tap into the Burmese market's potential.
Published By Datamonitor
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02 May 2013 |
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Mercedes' performance in China during Q1 2013 fell behind its German rivals, with sales down by 12.0%. In contrast, Audi and BMW saw growth of 14.0% and 7.5%, respectively, in the same period. Mercedes' slump in sales stems from a lack of dealerships, but it has responded by revisiting its plan for the rest of 2013 and now intends to open 75 new sites this year instead of the original 50.
Published By Datamonitor
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29 Apr 2013 |
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Maserati's parent company, Fiat, is marketing the brand's new Ghibli model as an executive sedan, with hopes of challenging the likes of the Audi A6, Jaguar XF, and Mercedes E Class. The new model will be in direct competition with some of the segment's biggest names, but competitive pricing and a high performance will ensure that it sells well, particularly in response to demand from China.
Published By Datamonitor
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25 Apr 2013 |
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Citroen has released images of its Wild Rubis concept, and will show it at the Shanghai Motor Show in April 2013. The concept targets the Chinese SUV market and is the first SUV under the brand's upscale DS line. Expanding into China is a smart move, as the China Association of Automobile Manufacturers reports that demand for SUVs continues to surge, jumping 13% in March 2013 to 235,000 units.
Published By Datamonitor
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18 Apr 2013 |
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An increase in EVs sold in the UK will strain our national grid. EVs are integral to a move away from fossil fuels, and are becoming more accepted by consumers. Manufacturers are launching more electric or hybrid vehicles; Tesla's latest EV won the World Green Car of the Year 2013, while mainstream manufacturers including Renault, Vauxhall, and Porsche all have EVs in their line-up.
Published By Datamonitor
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10 Apr 2013 |
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The UK is expected to see a rise in new car sales to just over 2 million in 2013. This is promising, as it shows consumers are willing to spend, but the market depends heavily on the strength of the pound, allowing dealerships to offer attractive financial packages. This improvement will therefore be short-lived.
Published By Datamonitor
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09 Apr 2013 |
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Renault CEO Carlos Ghosn has added his voice to the demand for government incentives to boost EU new vehicle sales. Spain's scrappage scheme will end in March 2013, and the French government looks to be considering reintroducing similar incentives to try to stimulate growth. However, motorists remain reluctant to spend and these schemes are simply a temporary fix for declining sales.
Published By Datamonitor
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22 Mar 2013 |
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Chancellor George Osborne's 2013 Budget announced this week includes one notable measure likely to affect the UK automotive industry - tax incentives for manufacturers of ultra-low emission vehicles, aimed at boosting manufacturing of the vehicles in the UK. There will be obvious benefits to manufacturers, but the measure will pose a challenge to the UK aftermarket.
Published By Datamonitor
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22 Mar 2013 |
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The Geneva International Motor Show will run from March 7 to 17 and is set to be dominated by the release of several new models in the small SUV segment, with Citroen, Ford, Peugeot, and Renault all using the show to launch their latest small SUV models. Compact SUVs are one of the few opportunities for growth in the UK automotive market due to their increasing popularity with consumers.
Published By Datamonitor
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06 Mar 2013 |
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Bosch has revealed its motives for pulling out of its battery manufacturing partnership with Samsung SDI last year to focus on developing next-generation lithium-ion batteries, saying that the market is saturated due to the slow global uptake of electric vehicles. Despite current challenges, this is a good move for Bosch, positioning it to take advantage of a future market upturn.
Published By Datamonitor
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01 Mar 2013 |
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