Value of vehicle manufacturers plunge
More than £100bn was wiped off the combined value of the world’s largest 15 car manufacturers last year.
According to The Telegraph, 12 of the largest 15 publicly traded vehicle manufactures saw their share prices plunge during 2018.
Slow sales in vital markets was a leading contributor, with other factors including the stricter regulations around emissions, the shift to electrification and self-driving – both of which require huge investment – and a wider concern about how drivers will own and use their vehicles in the future.
The value of the top 15 vehicle manufacturers was about £700bn at the start of the year.