Car sales seem to hit recession levels, China's eyeballing hydrogen fuel cell technology, oil tanker attacks are increasing oil prices, and Infiniti seems to need some help. All this and more in the morning shift on Thursday, June 13, 2019.
1. Gear: Demand in the US and China looks good
May was another bad month for automakers as demand in the US and China's two largest car markets – continued to slip. An analysis claimed that the sustained decline in the automotive industry reaches a level that has not been seen since the recession, which is not a good word for anyone, except that all of you still shoot Geo Metros.
Here's more from Bloomberg:  Global sales of light vehicles fell by 7% in May, down with a 16% decline in the Chinese market and stagnation in the US and Europe, says research firm LMC Automotive in a report . "The global automotive industry has a sustained decline that has not been seen since the great recession," the report says.
Many car manufacturers who have spent the last few years shifting their focus to the Chinese market for growth, now hope that it will be magical to turn in the second half of the year, but it does not seem likely:
Thanks to sales drop in China is "still quite shocking, and what is just as shocking is that many companies simplify it, this will stabilize in the second half of the year," says Murphy. is five plus years out, he says.
While the Chinese market is large enough to probably still show growth for companies investing in the country, the companies seem less and less likely to see the growth on the scale they predicted in time. Remember that this last decline is the first time it has seen a drop in 20 years.
And with companies like Jaguar and Tesla, relying on a strong foothold in China to support themselves, if it fails, companies won & # 39; I have some other markets for growth, as demand in Europe and the US continues to slip.
It's going to be very expensive a few years to come up, it seems.
2. Gear: China can already shift focus To Hydrogen
When talking about Tesla in China, one of the key figures in the Chinese government is responsible for the rapid growth of electric vehicles in that country now shifting its focus to hydrogen, and if the government follows His advice, it could mean a huge change of investment across the industry.
Here is more at Wan Gang, Former Chinese Science and Technology Minister and current deputy head of China's National Advisory Body for Political Decision Making, via Bloomberg:
"We should look more closely at establishing a hydrogen society," says Wan, 66, who is now a deputy head of China's National Political Decision-making Advisory Body, a role higher than a minister, giving him a voice in the nation's future planning. "We need to move on to fuel cells."
That means Government "If China is planning to phase out the long-term subsidy program for maturation of EV industry next year, fuel cell car finance may remain to some extent," says Wan.
Hydrogen fuel technology has been the most one too – Attempts to turn away from fossil fuels over the past two decades, with most government incentives and corporate investments as goes into battery technology instead. And to a large extent, the pure battery-electric movement has been very successful.
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But Demand for battery resources is already stressed to meet today's global demand. With companies as big as the Volkswagen group, changing the entire strategy of battery vehicles, and some hundreds of companies in China, we can turn an EV's resource situation sooner than later.
Who leaves someone to believe that hydrogen is still the future, as it has been promised to be for a long time to come. And if the Chinese government throws the same resources that put millions of electric motors on the road in just 20 years against hydrogen technology, we can all trade in our electric VW microbus for a fuel cell car a few decades down the road.
For what it's worth, Wan said he didn't think people would completely control the car for a self-propelled system. Maybe he's on something.
3. Gear: The boy behind the FCA-Renault deal is sad
The short proposal for a merger between Fiat-Chrysler Automobiles and the Renault-Nissan Alliance blew up in everyone's face in almost record time, and now Renault has again picked up the broken parts by its agreement with the French government and Nissan, both of which seem even more upset now.
It looks like Nissan didn't like the idea of several cooks in the kitchen in his alliance with Renault. The relationship was not quite healthy until the FCA was suggested, and it seemed only worse after it was floated in just one week.
Renault chairman Jean-Dominique Senard, the guy took in to make sure none of it happened, has a finger to point, and he points to the French government via Automotive News Europe:
"It was the first time It was a chance to create a European champion at a time when people continued to complain that it did not "It doesn't exist," he said. "This was a perfect example for France, for Renault and Europe to prove that we can do something together. "
He blamed it for being tracked with the French government and ironically noted that it was Finance Minister Bruno Le Maire who first proposed" Renault's FCA approach "a few months ago."
collapsed after Nissan said it would abstain from a Renault regime to vote on the merger proposal, and Le Maire would request the Renault regime to postpone the vote for five days. "We only asked for five extra days. Five extra days seems to me to be quite sensible," said Le Maire. "Fiat drew his offer, as it had the right to do. But believe me, the state will never react under pressure. "
It seems that FCA made the proposal seriously, and immediately opened the door of the entire Renault and Nissan's messy luggage, and gave the first opportunity to reassess its decision with the five-day extension request, got hell out there Honestly, you must respect the FCA for apparently making a smart move.
4. Gear: The oil price climbs after the mind seems to have been attacked
Oil prices have been quite low this year so far due to concerns over weak demand, but a new series of what the United States calls Iranian attacks on oil tankers (and what Iran calls I do not know what you are talking about), now causes prices to jump up slightly.
Burned crude so rises much as 4.5% after reports of an attack on ships near the Hormuz stream, a critical passage for loads from the Middle East, the Japanese owner of one of the vessels told local media, it had been hit by a "shell."of Norway's front line, suffered three detonations, said the Norwegian Maritime Authority. Both ships were evacuated.
The incident comes just a month after four vessels, including two Saudi oil tankers, were sabotaged in what the United States said was an Iranian marine mining attack. Tehran denied the charge, and no one has claimed responsibility for the last attack.
"In recent weeks, the market has been panicking about its perceived weakness in oil demand," said Eugen Weinberg, head of commodity research at Commerzbank AG. "We have wondered which news would destroy the pond and cause a jump in prices."
I'm a bit strange that damage to supply lines would be good news for the oil market, but it's just fought the world we live in I guess. But at the end of the day, attacks on shipments are not a sustainable boost in demand and will hopefully be prevented in the future, so the bump in the price can be very temporary.
5. Gear: Moving around Lincoln moves to Nissan
David Woodhouse, a designer under Ford's roof for the past 20 years, and the guy who helped design revolution that is currently increasing Lincoln's crossover sales, has suddenly jumped to Nissan and Infinti, announced the Japanese automaker.
Here's more from Motor1:
At the time of his departure, he was the automaker's director of global design, and he played an insignificant role in the recent Lincoln projects, including Continental and Aviator concept cars – both of which led to production versions that received praise among the engine press.
"As we celebrate the 40th anniversary of Nissan Design America, I am delighted that David Woodhouse will be the leader and inspiration of our talented team in San Diego," said Alfonso Albaisa, senior vice president of global design, for Nissan. "David's talent, leadership and vision will ensure that the NDA is an exciting future for the Infiniti and Nissan brands, as well as groundbreaking user experience concepts for our customers over the years to come."
I imagine some Nissan bosses are going to go in for meet Woodhouse with two photos, one of the new aviator and one of the new navigators, then point to a series of boring Nissan crossovers in the corner, and let Woodhouse locked in that room with a pen and some paper until Infiniti starts showing some characters on life.
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Neutral: Are you ready for a future with fuel cells?
The last time we appeared to talk about fuel cell vehicles in detail was back in 2015, when Elon Musk, known to be in the pocket of Big Electricity, was shitting on the technology.
But the current problem with fuel cell technology is that you have to put too much energy into producing the product, which does not make it very effective and as the market reflects, it is just more sensible to use all that energy to charge batteries the place.
On the other hand, if you work all this out, hydrogen fuel cells would be easier to integrate into our current gasoline and diesel infrastructure and better mesh with the combustion engine's lifestyle, and the idea of faster refueling is still appealing to the current waiting times associated with with electric car charging. Infrastructure, on the FCV side, has not been fantastic as late as about.
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If they can find how to better synthesize hydrogen and somehow make fuel cells work, do you see yourself leapfrogging EV for the next 20 years?