Carmakers try to electrify Geneva motor show despite gloomy ‘green’ rules, Brexit and trade war

Posted: March 3, 2019 by oldbrew in Emissions, Travel, Uncertainty
Tags: , ,

Any takers?


From next year EU-based carmakers will be hit with monster fines if, or far more likely when, they fail to sell enough ‘low emission’ vehicles to a public that has an increasing taste for SUV models but lacks interest in electric power.

European car makers complain they are being crippled by controversial EU emissions rules, rising US tariffs and uncertainty about UK leaving the bloc, says the South China Morning Post.

The Geneva Motor Show kicks off this week with carmakers eager to show off new electric models, even as they nervously eye a horizon coloured by trade wars and Brexit uncertainty.

After years of growth and record profits, the sector took a sharp U-turn in mid-2018 amid an unexpected slowdown in China, which is by far the world’s biggest market, counting one out of three registered cars on the planet.

With just over three weeks to go before Britain is supposed to leave the European Union on March 29, carmakers are bracing for the possibility of a “no-deal Brexit”, which is expected to spell cataclysm for the industry.

The carmakers heading for Europe’s biggest annual car show, which opens on March 7, are suffering from the ongoing trade war between Washington and Beijing and wary about increased tariffs the US might slap on European imports.

Carmakers are also being pushed to pump huge investments into electrifying their fleets because of the EU’s controversial CO2 emissions standards.

Manufacturers of cars and auto equipment “will see slim profits in 2019”, said Ferdinand Dudenhoeffer, who heads the Centre for Automotive Research (CAR) in Germany.

“We can already expect profit warnings, production reductions and job cuts,” he said. “This is not a good climate for a show filled with glitz and glamour.”

Full report here.

Comments
  1. ivan says:

    When they can build an electric car that has well over a thousand kilometre range, recharges in about 5 minutes, can go off road, costs less than 5000 euro and is guaranteed for at least 10 years, the manufacturers would have something to sell.

    The EU emission rules appear to be a way of pushing electric cars on the population regardless of what the people want. This is in accordance with the UN Agenda 21 and 30 ideal and is designed to produce unquestioning slave workers.

  2. oldbrew says:

    A recent study by the BCG consultancy estimated that each car maker stands to be hit with between €500 million and €1 billion (US$570 million to US$1.1 billion) in fines.

    Job losses beckon.
    – – –
    Is this where the fines are going?

    EU commits €10bn for innovative low carbon tech
    The first call for proposals is expected to be launched in 2020 and will run up until 2030

    https://www.energylivenews.com/2019/03/03/eu-commits-e10bn-for-innovative-low-carbon-tech/

  3. ilma630 says:

    Perhaps the car makers should hold their nerve, and wait for the inevitable EU collapse, when all these stupid rules will disappear, and we can get back to reality.

  4. Coeur de Lion says:

    Buy a diesel

  5. Saighdear says:

    Yes, indeed ( NOT “absolutely” ), I quite agree with the jist of those p[revious comments: Whatever happened to the educated? … and that the carmakers are following along on the gravy train… ..And they say Engineers are eduicated?
    Who said ‘ … tell me not who you are, but who your associates are ‘ ? This is the problem in Society today Do Friends keep you right on the s traight and Narrow – OR lead you off that Path?

  6. Phoenix44 says:

    Destroying proper businesses and real jobs to satisfy the demands of a small number of crazed activists…when did we become like the Aztecs, ripping out beating hearts to sacrifice to non-existant sky gods?

  7. A C Osborn says:

    ivan says: March 3, 2019 at 6:14 pm

    This is in accordance with the UN Agenda 21 and 30 ideal and is designed to produce unquestioning slave workers.

    Absolutely spot on.

  8. oldbrew says:

    The Germans in particular seem to have it in for their own car industry, and industry in general, with endless costly ’emissions’ regulations and increasingly expensive electricity due to their renewables stampede and nuclear exit.

  9. oldbrew says:

    MARCH 4, 2019

    The first look at how hacked self-driving cars would affect New York City traffic
    by American Physical Society

    https://techxplore.com/news/2019-03-hacked-self-driving-cars-affect-york.html

  10. oldbrew says:

    Geneva show has electrics, sports cars and a VW dune buggy
    March 5, 2019

    European automakers are rolling out more electric cars to meeting tougher limits on greenhouse gas emissions.

    Read more at: https://phys.org/news/2019-03-geneva-electrics-sports-cars-vw.html

    But who really wants an expensive short-range slow-recharge motor?

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