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Thursday, October 17, 2019

Tag: automaker

Aston Martin sees shares crash on profit warning

The company warns in a statement that it will face a 'worsening' economic environment, particularly in Britain and Europe.

Hyundai Motor may suspend its oldest factory in China

The automaker says about 2,000 employees in China took voluntary retirement or transferred to other factories.

Mitsubishi Motors Q1 profit jumps 36% on strong Asia sales

The result comes as Mitsubishi Motors slowly wins back customers at home after its admission in 2016 that it had overstated mileage readings on domestic models shook trust in the company.

BMW warns of UK pullback if there’s no Brexit deal

The ongoing uncertainty surrounding the Brexit negotiations is not helpful when it comes to making long-term business decisions, Munich-based BMW said Monday in a statement.

Volkswagen in talks to manage Didi fleet, co-develop self-driving cars

Volkswagen AG, the world's biggest automaker, is in talks to form a joint venture with China's Didi Chuxing to manage part of the ride-hailing company's fleet of cars and help develop "purpose-built" vehicles for Didi's services.

Proton’s new SUV to be based on best-selling Geely model

The Geely Boyue is said to be selling like hotcakes, with waiting period of six months, in China.

Nissan spins up new plant to give second life to EV...

Starting in May, 4R Energy Corporation, a joint venture between the Nissan and Sumitomo Corp will begin selling rebuilt replacement lithium-ion batteries for the first-generation Leaf.

Ford US chief departs abruptly after behaviour probe

Raj Nair says he 'regrets' instances where he did not exhibit leadership behaviours consistent with the company's principles.

GM to shut South Korean plant, more cuts could follow

The US automaker expects a US$850 million impairment charge and launches voluntary retirement plan

China’s Geely targets SEA market as bigger automakers withdraw

Winning Proton partnership will enable Geely, which now owns Volvo, to move into the Asean region.