Foreign automakers make foray into China’s giant market
A worker is seen at a factory of the First Automotive Works (FAW) Group Co., Ltd. in Changchun, capital of northeast China’s Jilin Province, Sept. 1, 2020. (Xinhua/Zhang Nan) Foreign auto companies have made a big foray into China’s new-energy…
Automakers rush to take back software codes
The shift has old-school metal benders dipping into unfamiliar territory that long was the domain of high-tech companies. But like Toyota, automakers increasingly see the importance of bringing those programming skills in house, so they won’t play second fiddle to…
How Q3 Deliveries From Electric Automakers Stack Up
The top electric vehicle manufacturers reported strong vehicle deliveries in the third quarter. © Provided by Benzinga Friday brought delivery numbers from EV pioneer Tesla Inc (NASDAQ: TSLA), and two of China’s rising startups, Li Auto Inc. (NASDAQ: LI) and Nio Inc –…
Strong September for automakers ahead of the festive season: Car, bike, scooter sales shine again!
Industry experts attributed a big part of the increases to depleted inventories with dealers and also a low base. They cautioned that retail sales would not be as good. More details here. Ahead of the festive season, wholesale despatches of…
Automakers including GM and Fiat Chrysler report third-quarter sales
Sales of new vehicles from General Motors Co. and Fiat Chrysler Automobiles were down 10% year-over-year in the period from July through September, as dealers struggle to get new models on their lots after the pandemic shutdown. Going into the fourth quarter…
Ford’s New CEO Shakes Up Automaker’s Senior Management Team
(Bloomberg) — Ford Motor Co.’s new Chief Executive Officer Jim Farley wasted no time in his first day on the job by setting a tone of urgency and shaking up the automaker’s management team. Farley, who took over as CEO…
Passenger car wholesales grow in September as automakers stock up in anticipation of festive sales
To be sure, the double digit growth posted by leading automakers comes over a low base of September 2019. Vehicle manufacturers have been witnessing continuous decline in sales from the second half of FY 19 due to economic slowdown and…
Germany’s auto show struggles to attract foreign automakers
MUNICH — One year before the IAA, Germany’s top auto show that is moving from Frankfurt to Munich, organizers are still struggling to confirm the attendance of a single non-German automaker or supplier. Even among German automakers, BMW is still…
Chinese automakers show off concept sportscars, amid auto market slump
State-owned Guangzhou Automobile Group (GAC) revealed Saturday at the Beijing auto show an electric sports car called “Enpulse.” Hongqi, a subsidiary of the state-owned auto group FAW, also showed off its S9 hybrid sports car to a domestic audience for…
Some Chinese automakers show off concept sportscars, amid auto market slump
GAC unveiled its electric sports car prototype on Sept. 26, 2020, at the Beijing auto show. Evelyn Cheng | CNBC BEIJING — Some of the flashiest items Chinese companies had on display at the first major auto show since the coronavirus pandemic…
