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Showing posts with the label CAR_INDUSTRY

Fears over future of the car industry as sales fall and spare parts become scarce

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Much money and time has been spent recently persuading people not to be so reliant on cars. And there are certainly good reasons – for our health and the environment – to move about more on foot, by bike or on trains. Yet cars are still an essential form of transport across the world. In many countries, including the UK, outside of the few metropolitan areas with decent public transport, people depend on them. But car owners face an increasingly difficult choice. For many, electric vehicles are still too expensive and considered too risky in terms of driving range, battery costs and charging infrastructure. Private customers are ...... Read Full article on HadNews

What Honda’s big electric vehicle announcement in Ontario really means

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In retrospect, the turnaround — and just how fast it happened — is difficult to believe. In 2010, Ontario’s economic future looked grim. Tied as it had been for more than a century to the automobile industry, the provincial economy was in freefall. General Motors and Chrysler went bankrupt, dozens of plants were shuttered, and tens of thousands of well-paying auto jobs were lost along Ontario’s automotive-producing zone from Windsor to Oshawa. Ontario’s auto sector, once the wellspring of the province’s prosperity, looked to be in the process of an inevitable decline. It was, quite literally, a dinosaur industry seemingly destined to...... Read Full article on HadNews