BMW Posts First Loss Since 2009 as Car Sales Plunge. But China Rebound and Electric Boost Offers Hope

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BMW shares slid 4.2% to €55.75 after posting its first quarterly loss since 2009.


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German car maker
BMW
said on Wednesday that sales crashed in the second quarter of 2020 as the coronavirus pandemic wreaked havoc on the automotive industry worldwide.

Sales growth of its electrified vehicles and a return to growth in China weren’t enough to stop the group from booking a €300 million ($355 million) pretax loss in the three months to June. It is BMW’s first quarterly loss since 2009 and a sharp fall from the €2.05 billion pretax profit it recorded a

Global and China Automotive IGBT Markets, Forecast to 2025

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Dublin, Aug. 06, 2020 (GLOBE NEWSWIRE) — The “Automotive IGBT Industry Report, 2020” report has been added to ResearchAndMarkets.com’s offering.

IGBT (Insulated Gate Bipolar Transistor) is a fully controlled and voltage-driven power semiconductor device incorporating BJT and MOSFET, superior in small drive power, fast switching speed, low saturation voltage and large current density. IGBT is critical to electrical and electronic system and deemed as the ‘CPU’ of the electrical and electronic industry.

IGBT is given full play under varied voltage class, like its exertion under 650~1200V in electric vehicle, 650V in home appliances and industrial fixing, either 650V or 1200V

Cheap Cars Disappear, Relegating Entry-Level Buyers to Used

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(Bloomberg) — Automakers have a message for entry-level buyers: Head to the used-car lot.

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Honda Motor Co. became the latest manufacturer to abandon subcompacts last month when it announced plans to discontinue its low-end Fit hatchback in the U.S. General Motors Co. has dropped the Chevrolet Sonic, and Toyota Motor Corp. said it will stop U.S. sales of its Yaris. All three of these vehicles’ base models carry sticker prices less than $20,000 — among the most affordable new cars.

Cheap entry-level vehicles once were a must for full-line carmakers, if for no other reason than to attract

This Renault automotive-inspired architecture is designed for the car to move within the house!

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I am dating an automotive engineer and if there is any talk about getting a house it revolves around the garage because a multiple car garage is more important than multiple rooms. While I can’t fully comprehend it I was almost convinced when I saw the Renault Symbioz House33 – now that is a garage/house I wouldn’t mind living in!

In 2016, Renault held a competition for fresh automotive-focused architecture and design. Among several entries, it was France’s Marchi Architectes that took the cake. They designed the Renault Symbioz House33  which was a portable, fully-integrated escape modeled around Renault’s conceptual