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Ford appoints new CEO in reshuffle

FORD Motor Co shook up its top management yesterday, replacing Mark Fields as president and CEO with Jim Hackett amid declining sales in the US and Chinese markets. Three new executive vice presidents ...

May 23, 2017, Tuesday


E-vehicle JV to be formed

GERMANY’S Volkswagen AG and Anhui Jianghuai Automobile Group (JAC Motor) have got approval from Chinese regulators to form a joint venture to make electric vehicles. The National Development and Reform ...

May 23, 2017, Tuesday


Audi fixes feud with new deal

Audi, a unit of Volkswagen, has struck a deal with its dealers in China, effectively resolving a dispute that could have disrupted the luxury carmaker’s business in the world’s biggest auto market. The ...

May 22, 2017, Monday


FAW-Volkswagen recalls automobiles for faulty exterior lights

FAW-VOLKSWAGEN (FAW-VW) will recall 577,590 vehicles to address a potential malfunction of the exterior lights caused by a faulty fuse, China's quality watchdog has announced. The recall, effective May ...

May 21, 2017, Sunday


Bosch sees 19% rise in China sales

GERMAN industrial group Bosch garnered a 19 percent rise in sales in China last year from a year ago to 91.5 billion yuan (US$13.3 billion), led by its applications in new-energy vehicles and smart transport. Sales ...

May 19, 2017, Friday


Toyota aims high with flying car project

Toyota has its sights set on a Blade Runner future as the Japanese automaker backs a move to launch a flying car in time for the Tokyo 2020 Olympics. The company is giving about 42.5 million yen (US$375,000) ...

May 16, 2017, Tuesday


China’s auto sales shrink in April

CHINA’S auto sales fell in April by the steepest in almost two years, the automakers’ association said yesterday, as a tax increase on small-engine cars from the beginning of the year discouraged buyers. Vehicle ...

May 12, 2017, Friday


Toyota sees 1st profit drop in 5 years, earnings to fall again

TOYOTA yesterday reported its first drop in annual net profit for five years, while it unexpectedly warned that earnings would fall again owing to pricy US customer incentives and a forecast pickup in ...

May 11, 2017, Thursday


Bosch sells subsidiary to ZMJ

GERMANY’S Bosch said yesterday that it has sold its subsidiary making starter motors and generators to a Chinese buyer. It did not disclose the price, but industry sources estimated it at more than 500 ...

May 3, 2017, Wednesday


Hyundai Motor picks CATL as 1st battery supplier in China

HYUNDAI Motor, South Korea's biggest automaker, has selected Contemporary Amperex Technology Co. Limited (CATL) as its first battery supplier in China to enhance cooperation in new energy vehicles. "We ...

May 1, 2017, Monday


 

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