China will allow foreign automakers from Volkswagen Group to Tesla to own more than 50 percent of local ventures, removing a two-decade restriction and giving a boost to global companies seeking to capture a greater share of the world's largest car...
Automakers including VW, BMW and Daimler are set to find it easier to manufacture and do business in China after the government said it will allow foreign automakers to own more than 50 percent of local ventures, removing a two-decade restriction.
VW, BMW and Daimler welcomed China's decision to allow foreign automakers to own more than 50 percent of local ventures but said the move will not affect their existing partnerships.
News
18 Apr, 2018
New M2 Competition Pack gives BMW’s small coupé a 404bhp shot in arm as it battles TT RS rival
The fourth and latest generation Ford Mondeo (Fusion) can guide drivers hands-free out of parking spaces at the start of their journey and deflate the seat-base bolsters to allow them easy exit at the end. Continuing QUBE/just-auto's review of interior design and technology trends, we slip inside the Mondeo to see what else it offers.
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17 Apr, 2018
New range-topping version of the affordable crossover arrives in the UK in limited numbers
Tesla reportedly is temporarily suspending production of the Model 3 sedan for at least the second time in roughly two months, soon after founder and CEO Elon Musk admitted to mistakes that hindered his most important car.
TomTom, the Dutch navigation and mapping company, reported better-than-expected first-quarter core earnings, despite a decline in sales.
TomTom, the Dutch navigation and mapping company, reported better-than-expected first-quarter core earnings, despite a decline in sales.
Mitsubishi Motors (MMC) has done a deal to sell more electrified vehicles to the Da Nang City municipal authority in Vietnam.
China will end foreign ownership caps on local auto companies by 2022 and will remove restrictions on new-energy vehicle ventures this year, a major shift that will open the market wider to global automakers.
The move is a major policy shift that will open the market wider to automakers such as Nissan and Tesla.
The Volkswagen Group says it recorded its best ever delivery result for a single month in March.
Volkswagen Group China announced deliveries for the first quarter of 2018: together with its two Chinese Joint Ventures, SAIC Volkswagen and FAW-Volkswagen, the Group delivered over 1.01m (2017: 891,500, +13.4%) vehicles in the Chinese mainland and Hong Kong, including 43,100 imported vehicles.
Ministers leading the renegotiation of the North American Free Trade Agreement (NAFTA) could meet again on Thursday in Washington as they push for quick progress, Mexican economy minister Ildefonso Guajardo told Reuters.
News
17 Apr, 2018
Ford is readying itself to muscle in on the hot hatch patch once more with the next Focus ST, which could boast 275bhp
News
22 Aug, 2018
Ford already putting the finishing touches on a hot version of the new Focus ST, which has been caught on the road
China will phase out the equity cap on automotive joint ventures by 2022, with the cap on manufacturers of new energy vehicles and special-use vehicles to be removed later this year, according to Beijing's National Development and Reform Commission (NDRC).
Carlos Ghosn said he is open to all options as Renault and Nissan explore deeper ties. The two automakers are in talks to merge, according to reports.
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