CAMBRIDGE, UK - While 2022 continues to add to the challenges electric vehicle (EV) makers face, markets are still growing. Indeed, electric car sales for the first half of 2022 reached ~3.5 million, according to IDTechEx research. To learn more, the new IDTechEx report, “Electric Cars 2023-2043”, provides a deep dive into future automotive markets
ANN ARBOR—The Michigan economy turned decidedly chilly this year as the United Auto Workers strike against General Motors, the trade war, and job cuts at Ford and GM all contributed to the slowest annual growth since the Great Recession. But sustained growth should return for 2020 and 2021, albeit at a modest pace compared with
LANSING - The Michigan and U.S. economies should continue growing over the next two years, but that growth will be slower as the economy tries to deal with near full-employment situation and demographic changes as more Baby Boomers retire and more millennials go into the jobs market, economists said Wednesday at the May Revenue Estimating
ANN ARBOR - Martin ZimmermanIt's been a heady couple of years for automotive companies as sales have soared to record levels, particularly sales of profit-rich pickup trucks and SUVs, as gasoline prices have fallen. But that's come with a bit of a price. A higher mix of less fuel efficient vehicles means it will be
ANN ARBOR - Economists at the University of Michigan announced Friday that Michigan will add on average 45,800 jobs each of the next two years - good news indeed, but slightly more than half the average 70,000 jobs added from 2014 to 2016. In their annual November forecast of Michigan's economy, George Fulton and colleagues
DETROIT - Automakers are expected to increase incentives in 2016 that will help propel U.S. sales of new cars and light trucks to an all-time record of nearly 18 million units, predicts an economist for the National Automotive Dealers Association. With growing manufacturing capacity, and a slowing global economy, especially in emerging markets, Steven Szakaly,
LANSING - New home construction will see a robust increase in 2016, according to a forecast from the Michigan Association of Home Builders. The association estimates that 16,831 permits for new construction will be issued in 2016, up from 13,467 estimated for 2015. Association CEO Bob Filka said the increase stems from job growth and
ANN ARBOR – During the first decade of this new century Michigan lost nearly a million jobs. In a new forecast by University of Michigan economists, the state will regain two-thirds of those jobs by the end of 2017, returning to employment levels not seen since spring 2003. In their annual November forecast of Michigan's
