Reshoring had been in a slump the past decade, but 2020 saw it increase by more than 45%. As companies look to bring home operations, nearshoring will be on the rise.
OEMs will be able to close the gap that Tesla created with the help of energy policies from the White House and infrastructure already set in place.
China looks to de-escalate tensions with the U.S.; German exports affected more by Brexit than trade war; Indian auto sector in trouble.
Auto sales are declining, but the National Automobile Dealers Association still expects strong sales for 2019, plus the one area where Amazon is losing and opposition to Canada’s carbon tax grows.
Retail activity posted the strongest gain in five months, as big gains in auto sales and rising gasoline prices helped to drive overall activity. Core spending grew at a more moderate pace, but the broad-based nature of the gains is encouraging headed into the holiday season.
Barclays forecasts a drop in oil price; China is witnessing a historic fall in auto sales over stock market crash and U.S.-China trade war; banks are discussing on emergency financing to liquidate Sears.
Daimler’s Mercedes-Benz Vans brand has introduced its third-generation Sprinter van at an event in Stuttgart, Germany. The van features many of the iconic attributes it always has, but has added new connectivity to further improve its utilization.
