European Car Sales Plunge 20% in March: Shortages, Russia’s Invasion of Ukraine Blamed
Registrations of new cars are down 20%, blamed by industry on “ongoing supply chain disruptions, further exacerbated by Russia’s invasion of Ukraine”.
automobile industry
Cyberattack in Japan Costs Toyota Two Days of Productivity
Toyota Motor Corp. said Wednesday it restarted all of its domestic plants in Japan following a two-day-long production halt caused by a cyberattack on the computer system of a Toyota parts supplier, Kyodo News reported.
Report: UN Official Will Press for Regulating Used Car Market to Advance Electric Vehicles
An official at the U.N. said he will press at the upcoming climate summit regulating the used car market to advance electric vehicles.
With Low Taxes and High Productivity, Slovakia Sets Pace for Europe
The Finance Ministry of Slovakia reported this week that the nation’s economic growth will swell to nearly five percent next year as a result of increased automotive output, in one of Europe’s greatest economic success stories.
