Geely owner Li Shufu, who in February became Daimler's biggest shareholder, said traditional automakers need a business model based more on sharing technology to generate acceptable returns in future.
Geely owner Li Shufu, who in February became Daimler's biggest shareholder, said traditional automakers need a business model based more on sharing technology to generate acceptable returns in future.
Renault-Nissan Alliance chief Carlos Ghosn has said that he is reviewing the cross-shareholding arrangement between the two companies. The comments come amid renewed speculation that the two companies could get closer to a full merger.
Features
13 May, 2018
We find out from the Philips family about life with a Renault ZOE, solar panels and the cutting-edge Tesla Powerwall battery
Volkswagen Truck & Bus - in the news last week for its strategic alliance with Toyota's Hino and consequent announcement of 'capital market readiness' and future plans - said it "expects an overall stable development in new truck and bus registrations in its relevant markets over the coming years".
President Donald Trump's push for a quick resolution to NAFTA talks is being stymied by persistent differences over a handful of the make-or-break issues.
Tesla's chief has promised profitability this year and said investors won't need to prop the EV maker up.
General Motors is stepping up its defense of the Escalade SUV by offering $10,000 discounts to some current customers to keep them from straying to the hot-selling new Lincoln Navigator.
South Korea's finance minister said that public funds could be used to support GM Korea only if it was clear that the business could survive on its own long term .
Jaguar Land Rover said it will cut 1,000 jobs and reduce production at two UK factories as demand for diesel cars slumps because of higher taxes and a regulatory crackdown.
Jaguar Land Rover said it will cut 1,000 jobs and reduce production at two UK factories as demand for diesel cars slumps because of higher taxes and a regulatory crackdown.
Jaguar Land Rover said it will cut 1,000 jobs and reduce production at two UK factories as demand for diesel cars slumps because of higher taxes and a regulatory crackdown.
Continental has celebrated the groundbreaking of its greenfield facility in Wuhu, China, dedicated to powertrain components.
Benteler Automotive has opened a new component plant in Klasterec nad Ohri, Czech Republic.
South Korea's finance minister has said public funds could only be used to support General Motors Korea if it was clear that the business could survive on its own long term.
News
16 Apr, 2018
Updated Kia Sportage crossover to arrive later this year with tweaked looks and 48-volt mild hybrid technology
Herbert Diess is expected to be named head of Audi's supervisory board next month, a traditional post for the VW Group CEO, a media report said.
Avtovaz has named Yves Caracatzanis as new CEO, replacing Nicolas Maure from 1 June this year.
News
16 Apr, 2018
Analysis shows the number of females owning cars has soared by 20% in the last 10 years, with overall ownership rising by 12%
With the current economy the last thing you need is for your vehicle to break down. Whether your driving a reliable car or a busted up
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