Ford Motor said its China vehicle sales increased 3% in April-June from a year earlier, its first quarterly sales rise in the world’s bigggest auto market in almost three years.
China will cut subsidies on new energy vehicles (NEV) such as electric cars by 10% this year, the finance ministry said, following a decision last month to continue providing incentives to buy clean energy vehicles.
Daimler and Volvo Trucks have agreed to join forces to develop, produce and sell fuel cell systems for heavy-duty vehicles, in a sign that the coronavirus crisis is accelerating consolidation.
US electric vehicle maker Tesla is in advanced talks with South Korea’s LG Chem to source batteries for vehicles to be made in its Shanghai plant, a person familiar with the matter said.
China’s Geely has chosen Zenuity, a joint venture between its Volvo car marque and Swedish technology group Veoneer, as its preferred supplier for assisted and self driving software.
The recall covers the 2021 and 2022 Model S sedan and Model X SUV, as well as the 2017 through 2022 Model 3 sedan and 2020 through 2022 Model Y SUV, according to documents posted on Thursday by safety regulators.
Ford Motor Co will stop making cars in India and take a hit of about $2 billion because it does not see a path to profitability in the country, becoming the latest automaker
Low interest rates along with pent-up demand and ongoing discounts accelerated the year-on-year sales of major automobile players’ during February.
DoT and ITC have announced the launch of the registration process in the Abu Dhabi Toll System for individual vehicle owners.