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Geely’s sales lift H1 profit

China’s Geely Automobile Holdings said yesterday revenue and profit more than doubled in the first half of this year amid robust sales of its sedan and sport-utility vehicles, and the company revised ...

August 17, 2017, Thursday


Fiat Chrysler surges on Chinese bids

Shares of Fiat Chrysler Automobiles surged yesterday following a report that it is being targeted for a possible takeover by multiple Chinese companies....

August 16, 2017, Wednesday


China’s NEVs hit 1.01m

Visitors are seen at the Yinchuan International Auto Show yesterday. The number of new energy vehicles in China has hit 1.01 million, said the Ministry of Public Security yesterday. Electric vehicles made up 825,000, and 193,000 were hybrid electric vehicles, said the ministry. The ministry designated five pilot cities in which 76,000 exclusive green license plates were given for new energy vehicles in 2016. The plates will cover all Chinese cities by the first half of 2018, the ministry said. ...

August 14, 2017, Monday


Recall of 75,287 Chevy Sail over harness

SAIC General Motors will recall 75,287 Chevrolet Sail EMT sedans in China due to problems with the vehicles’ transmission harnesses, according to China's quality watchdog....

August 11, 2017, Friday


Toshiba staves off delisting after accounting secures auditor nod

Cash-strapped Toshiba Corp has staved off delisting after its accounting won auditor approval, albeit with a stern rebuke, leaving its listed status largely dependent on whether it can complete the stalled ...

August 11, 2017, Friday


German state party seeks tougher VW oversight

Conservatives in Germany's Lower Saxony state called yesterday for tougher oversight of Volkswagen, in which the state owns a fifth of the shares....

August 9, 2017, Wednesday


Mazda unveils headway in new petrol engine tech

MAZDA Motor Corp said it would become the world’s first automaker to commercialize a much more efficient petrol engine using technology that deep-pocketed rivals have been trying to engineer for decades, ...

August 9, 2017, Wednesday


Iran, Renault ink US$778m deal

Iran signed the country’s biggest-ever car deal worth several hundred million dollars with French manufacturer Groupe Renault yesterday to produce 150,000 cars a year, the latest advance by a European...

August 8, 2017, Tuesday


Startup seals new assembly plant in US

Electric car startup Faraday Future said yesterday it had signed a lease for a new assembly plant in California and reaffirmed its intention to start deliveries in 2018....

August 8, 2017, Tuesday


Tesla seeks US$1.5b in bond issue

TESLA Inc said yesterday it would raise about US$1.5 billion in a bond offering as the US electric car maker ramps up production of its newest sedan, the Model 3. The debt offering marks Tesla’s debut ...

August 8, 2017, Tuesday


 

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