Domestic suppliers in China have had to correct bad habits such as altering specs to save a few cents. Now, a growing number are producing world-class parts in response to demand by, and with help from, global automakers and suppliers....More
While China's economy is slowing down there is no sign Chinese consumers and media are becoming less crazy for cars. On the Sunday allegedly reserved only for the media, the Beijing Auto Show was bursting at the seams with people desperate to see the latest new vehicles and concepts.
The 3 Hatch looks even better-balanced than the 3 Sedan, thanks in part to its unusually long wheelbase and wider stance that outdistance competitors such as the Volkswagen Golf and Mercedes B-Class....More
The company also may continue its cooperation with the Derways auto plant. There is an agreement between Haima and Derways on CKD assembly of the new-generation Haima 3. However, the timing for the vehicle's launch at Derways has not been announced....More
The Henry Ford in Dearborn, MI, hosted its fifth annual Maker Faire Detroit this past weekend in highlighting the importance of grassroots innovation and problem-solving. Some 400 creators participated in this year’s event, including 100 for the first time.
“What we are finding is manufacturers are not only bringing technology in faster than we thought they would, they are also bringing different technology to fruition than what we anticipated,” says the EPA’s Michael Olechiw....More
The earnings swoon also reflected difficulties in international markets, specifically South America, where economic headwinds are affecting sales, and in Europe, where GM continues to book losses as it restructures its business....More
In October 2013, trade between NAFTA partners totaled $103.1 billion, up 4.5% from a year earlier, marking the first month in the pact’s history in which trade exceeded $100 billion in a single month....More
Economic recovery is weak and gradual, unemployment remains stubbornly high and Europe faces a growing and acute economic challenge from other global regions. We will only deliver the full potential benefits of the Single Market if we set a genuinely new course for Europe....More