Why Mazda is cutting production by 30,000 vehicles over two months

TOKYO — Mazda Motor Corp. said on Thursday it expects a chip shortage to affect its vehicle production from this month.

Mazda will revise its production plans based on the current assumption the shortage will affect around 7,000 vehicles globally in February, CEO Akira Marumoto said on a post-earnings call.

The semiconductor shortage, which in some cases has been exacerbated by the former U.S. administration’s actions against chip factories in China, is now causing global automakers to curtail production and shut assembly lines.

“The situation is extremely fluid at the moment, but we are heading towards improvement on a daily

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U.K. Car Sales Start Year at 51-Year Low With Dealers Shut

(Bloomberg) — U.K. car sales got off to the slowest start in half a century as dealerships were among the businesses forced to shut their doors to contain the resurgent coronavirus.

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Registrations plunged 40% in January to 90,249 cars, the lowest for the month since 1970, according to the Society of Motor Manufacturers and Traders. Battery-electric models remained a rare bright spot with sales growing 54%, though they still represent just 6.9% of the market.

The U.K.’s auto lobby group cut its 2021 sales forecast by 5% to less than 1.9 million cars and called for showrooms

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Asia-Pacific Bicycle Market Growth, Trends, Study Reveals Growth Factors, Growth Analysis, Demand and Competitive Outlook for Future

The MarketWatch News Department was not involved in the creation of this content.

Japan, Japan, Tue, 02 Feb 2021 05:06:08 / Comserve Inc. / — The report analyzes the international markets including development trends, competitive landscape analysis, investment plan, business strategy, opportunity, and key regions development status.

The Asia-Pacific bicycle market is projected to register a CAGR of 4.51%, during the forecast period (2020-2025).

– Increasing number of cycling events and favorable government and employer initiatives are expected to drive the market studied. Furthermore, there are various governing bodies in Asia-Pacific such that The Cycling Federation of India, and The

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Senators urge Biden administration to take action on auto chip shortage

A shortage of auto chips could impact 672,000 units of global light vehicle production in the first quarter, data firm IHS Markit said on Wednesday, warning that the disruption could extend into the third quarter.

Automakers around the world are shutting assembly lines because of problems in the delivery of semiconductors, which have been exacerbated in some cases by the former Trump administration’s actions against Chinese chip factories.

The shortage so far has impacted Volkswagen, Ford Motor Co., Subaru Corp., Toyota Motor Corp., Nissan Motor Co., Stellantis, Mazda Motor Corp. and other companies.

“Because

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Asbury Automotive Group Announces Fourth Quarter Financial Results

Record fourth quarter EPS of $4.59 per diluted share, up 103% over prior year quarter

Record full year EPS of $13.18, up 38% over prior year

Fourth quarter revenue increased 18% and gross profit increased 23% over prior year quarter

DULUTH, Ga., Feb. 2, 2021 /PRNewswire/ — Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., reported net income for the fourth quarter 2020 of $89.1 million ($4.59 per diluted share). This compares to net income of $43.6 million ($2.26 per diluted share) in the prior year

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Bicycle Components Market to Top US$ 50 Bn Valuation by 2030; Supply Chain Disruptions Due to COVID-19 Outbreak Affecting Market Growth

PERSISTENCE MARKET RESEARCH analysis says that, the global bicycle components market is anticipated to expand at a healthy CAGR of over 5% during the forecast period of 2020-2030.

Key Takeaways from Bicycle Components Market Study

  • Growth in population will create significant demand for bicycles, and indirectly surge the need for bicycle components. East Asia is the largest base for consumption as well as production of bicycles.
  • In Europe, government regulations to boost green transportation have led to a spike in the number of people using bicycles for transportation. The bicycle components market in Europe is expected to grow at
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