Best Automated Bot Traffic

Worldnews24daily

Breaking News, Politics, Sports, Business, Entertainment

Home Business

Global car production fall down about 20%

by Mahfuz Anam
February 2, 2021 10:26 pm
in Business
0 0
Global car production fall down
Facebook
Global car production fall down
Global car production fall down about 20% nearly 20 million units due to Covid-19 pandemic | Photo: Tech Wire Asia

Due to the Covid-19 pandemic economic global car production fall down about 20%. it has downturn had a devastating effect on the global car industry in 2020.

The target for total car production in the world in the outgoing year was 89 million units. But 71 million units of cars have been produced, which is about 18 million units or 20% less than the target. LMC Automotive a car review company has released this information.

Car production in Europe and North America has been off for a long time since April last year. Ford’s electric car model, the Mustang Mach-E and the Tesla Y model disrupted the production of various models of cars from various companies.

On the other hand, China has already resumed the production of most of its automobiles. Others are trying. LMC says the European-American car industry will also turn around. But their recovery will be slower than in China. Car production in China fell 12% in 2020.

Meanwhile, in the outgoing UK, the production of new cars has come down by about one-third to 921,000 in 2020. This is the lowest number of cars produced in the country in the 36 years since 1984.

Mike House, head of the Society of Motor Manufacturers and Traders Ltd (SMMT), said a total of 920,928 vehicles were manufactured in the UK in 2020, down 29.3% from 2019.

He said the main reason for the low number of cars produced in this generation was the closure of factories due to the Coronavirus epidemic and declining customer demand.

He also said that the introduction of the vaccine as well as the European Union (EU) trade agreement has given hope for the current 2021.

The UK’s largest car market is the EU, where 53.8% of the country’s cars are exported.

The United States, Japan and Australia — the UK’s car exports to these three countries fell by 33.7%, 21.6% and 21.8% respectively. However, exports to China rose 2.3%. South Korea grew by 3.6% and Taiwan by 16.7%.

Tags: CarEconomyWorld

Related Posts

UK trade centers
Business

UK going to establish four regional trade centers

IMF sent Myanmar $350 million emergency aid
Business

Days before coup, IMF sent Myanmar $350 million in emergency aid

British cairn energy threatens Indian government
Business

British cairn energy company threatens to seize Indian government assets

Elon Musk, Jeff Bezos world's richest person
Business

Elon Musk displaces Jeff Bezos again as world’s richest person

New Zealand central bank cyberattack
Business

New Zealand central bank hit by cyberattack

Top 7 tech companies 2021
Business

Top 7 tech companies added $3.4 trillion in value in last year

Zhong Shanshan richest person in Asia
Business

China’s Bottled water tycoon Zhong Shanshan now richest person in Asia

Brexit trade deal
Business

UK and EU agree post-Brexit trade deal

Next Post
sputnik v covid-19 vaccine

Russia's Sputnik V Covid-19 vaccine 91.6% effective

Two FBI agents killed Florida

Two FBI agents killed while serving warrant in Florida

Alexandria Ocasio-Cortez sexual assault

Alexandria Ocasio-Cortez says she is victim of sexual assault on Capitol Hill

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow Us In Social Media

  • Trending
  • Comments
  • Latest
Facebook losing 2 million daily users US Canada

Facebook losing 2 million daily users in US and Canada

Joe Biden pledges free COVID-19 vaccine for all Americans

Joe Biden pledges free COVID-19 vaccine for all Americans, If elected

Coronavirus: At last medicine has been Discovered

Scarlett Johansson and Colin Jost third married

Scarlett Johansson get secretly married for the third time

Coronavirus Vaccine

Coronavirus vaccine: Positive results found after the trial run ‘Remdesivir’ drug

crude oil

US oil price less in history, Per barrel ‘Zero’ dollars

China Already Sents Troops To Iran

Netflix provide $100 Million support

Netflix provide $100 Million support relief Fund

history of google

History Of Google

Hong Kong Father Of Democracy Martin Lee

Hong Kong’s ‘Father Of Democracy’ Martin Lee among activists facing Jail

Emma Stone baby

Emma Stone gives birth, welcomes first baby with husband Dave McCary

Georgia's restrictive voting law

Biden says Georgia’s restrictive voting law ‘an Atrocity’

Recent News

history of google

History Of Google

Hong Kong Father Of Democracy Martin Lee

Hong Kong’s ‘Father Of Democracy’ Martin Lee among activists facing Jail

Emma Stone baby

Emma Stone gives birth, welcomes first baby with husband Dave McCary

Georgia's restrictive voting law

Biden says Georgia’s restrictive voting law ‘an Atrocity’

Worldnews24daily logo official

         Follow us

Mobile logo worldnews24daily

               Follow us

Home

World

United States

Coronavirus

Business

Sports
Asia

Europe

Technology

Middle East

US Election 2020

Entertainment

Home                         United States

World                         Coronavirus

Business                   Asia

Sports                        Europe

Technology             US Election 2020

Middle East             Entertainment

About Us
Privacy Policy
Terms and Conditions
Disclaimer
Contact Us

Copyright © 2021 Worldnews24daily – All rights reserved by WN24D Inc.

No Result
View All Result
  • Home
  • United States
  • US Election 2020
  • Coronavirus
  • Sports
  • Business
  • Asia
  • Europe
  • Middle East
  • Technology
  • Entertainment
  • More
    • About Us
    • Privacy Policy
    • Terms and Conditions
    • Disclaimer
    • Contact Us

Copyright © 2021 Worldnews24daily – All rights reserved by WN24D Inc.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In