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GlobalData has upgraded its 2026 Western European PV forecast to above 12.3 mn units, with the changes mostly driven by the UK and Germany.
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As a result, GlobalData has revised the full-year forecast down to 16.1 million units.
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Market driven lower by weak NEV and ICE vehicle sales.
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The companies have also agreed a cooperation framework to examine potential global collaboration in vehicle technologies and defence industry services.
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The investment will enable the introduction of new Honda and Acura models, particularly hybrids.
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The appointments follow the company's “local for local” principle, whereby components are acquired close to vehicle assembly locations wherever possible.
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The automaker reported stronger earnings following the launch of the CX-5.
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Germany and France agreed a common position last month that would dilute the EU’s climate-neutrality targets for passenger cars and support domestic manufacturing.
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Under the MoU, the two companies will explore cooperation across the hydrogen mobility value chain
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The company will commission one facility annually to meet rising demand from domestic vehicle manufacturers, global COO Christian Kopp told the ET.
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