General Motors (GM) is a US carmaker that was the world’s biggest, although Toyota is challenging it for the title. It was hard hit by the global financial crisis, needing a government bailout, but emerged from chapter 11 reorganisation in 2009, and held an initial public offering in 2010. It returned to profit in 2011.
Cloud Software Group, the parent of cloud computing company Citrix, has announced it would stop all new commercial transactions in mainland China, Hong Kong and Macau.
A wave of strikes that disrupted the three largest US carmakers for six weeks looks to have been finally resolved.
Chinese electric-car builder Leapmotor is to receive a €1.5 billion (US$1.58 billion) investment from Stellantis, formerly Fiat Chrysler, in the latest vote of confidence from a global carmaking giant in the mainland’s EV industry.
The picket line in Michigan has become the scene of an early confrontation with Trump, who is set to make his own bid for the state’s blue collar votes.
The strikes are likely to affect the future of the union and of America’s home-grown car industry at a time when US labour is flexing its might and the companies face a historic transition to making electric vehicles.
The United Auto Workers union launched simultaneous strikes at three factories owned by General Motors, Ford and Chrysler parent Stellantis, kicking off the most ambitious US industrial labour action in decades.
‘The revival of the MG brand shows China’s rising manufacturing might in the automotive sector,’ an analyst says, as SAIC leads the country’s push to overtake Japan in annual car exports this year.
Nammi EVs will aim to compete with, and essentially seek to replicate the success of the Hongguang Mini EV, an electric car developed by SAIC-GM-Wuling.
Far beneath the shrinking inland Salton Sea are lithium reserves so large they could meet all US needs, but it remains to be seen if a battery industry can be developed.
Domestic carmakers are rapidly gaining market share in China as they embrace electric vehicles faster than their foreign rivals who are grappling with unused manufacturing capacity of gas and diesel vehicles
Carmakers plan to unveil a total of more than 100 new models, 70 of which will be electric, according to the organisers. Some 1 million visitors are expected to visit the 10-day event starting on Tuesday.
The Toyota Prius hybrid and all-electric Nissan Leaf had early-mover advantage, so why is no Japanese company among the top 20 makers of electric vehicles now?
Three years after the coronavirus pandemic triggered a global shortage of semiconductor chips and crippled car manufacturing, Ford, GM and others are raking in huge profits.
The Chinese company is planning a bold push into India’s electric car market, joining a rush of foreign carmakers jockeying for a bigger share of the world’s fourth-biggest auto market.
The 100 largest foreign companies in China generated US$1 trillion in sales last year, accounting for 7 per cent of the country’s gross domestic product, according to Hurun Research Institute.
The US carmaker, banking on the success of its mini electric cars, plans to launch 15 new models in China by 2025 to take on front-runners like Tesla in the world’s largest electric vehicle (EV) market.
Shanghai, China’s commercial, financial as well as automobile hub, plans to build new industrial parks that will focus on new energy and autonomous driving technologies.
BYD, Great Wall Motor, Hozon and Aiways have all been delivering EVs in countries such as Thailand, with the aim of gaining a foothold in these markets where three million cars are sold on average each year.
More than 60 American companies attend a meeting with China’s NDRC as rising geopolitical tensions and Covid-related uncertainties hurt business confidence in the Chinese market.
Strong sales of the D9 MPV from the joint venture between BYD and Mercedes-Benz shows that a growing number of Chinese drivers are making the switch to battery-powered vehicles.
The Cabrio was unveiled at last year’s Shanghai Auto Show and is being viewed as a potential game changer in the world’s largest market for conventional and electric cars.
The US offshored its rare earths mining to China in the 1980s and Deng Xiaoping once called it his country’s answer to ‘oil in the Middle East’. But now thousands of miners have streamed across the border to northern Myanmar, where fish no longer swim in the rivers and the water is unsafe to drink.
Analysts said SAIC’s strong deliveries in June showed consumer demand for battery-powered vehicles remains strong on the mainland.
China’s vehicle industry took a deep dive last month, as Shanghai went into a citywide lockdown, which idled car plants from General Motors to Tesla and Volkswagen.
A total of 23,370 new infections were recorded in the previous 24 hours, up 32.6 per cent from a day earlier, while symptomatic cases rose 41.7 per cent.
Concerned with lost production and struggling to tamp down seething public anger, Shanghai authorities are kicking the restoration of economic order in China’s financial and commercial centre into high gear.
Shanghai’s local authorities locked the entire city down on April 5, and confined most of the city’s 25 million residents – except emergency workers and medical staff – to their homes to contain a Covid-19 outbreak.