More in Globalization

  • Newswire

    Chinese Dealers Criticize Foreign Automakers as Inventories Swell  

    The China Auto Dealers Assn. contends foreign automakers effectively obligate retailers to buy their cars, leaving them with bloated inventories and lower profits....More
  • Newswire

    Hyundai to Construct Two China Plants  

    The Korean automaker says its first new manufacturing facilities since 2012 will have annual capacity of 300,000 units apiece when they come on line in 2016 and 2017....More
  • Newswire

    Toyota Short of 2014 China Sales Goal, Executives Say  

    Facing a slowing economy and increased competition from foreign luxury models, the Japanese automaker and its two Chinese joint ventures expect to sell slightly more than 1 million vehicles in 2014, 10% below its objective....More
  • Newswire

    Audi Takes Aim at BMW as Biggest Luxury-Car Maker  

    Volkswagen's flagship division is earmarking more than two-thirds of investment through 2019 for new models and technologies including electric and plug-in hybrid vehicles....More
  • Newswire

    Chinese Automaker Geely Sees 2014 Profit Down 50%  

    Geely, whose parent company also owns Swedish automaker Volvo, expects its 2014 net profit to fall because of setbacks including a 49% year-on-year slump in export sales through November and losses from depreciation of the Russian ruble....More
  • Newswire

    President of Tesla's China Unit Resigns  

    Veronica Wu gave no reason for her resignation, which came a year after she left Apple's China unit to head the U.S. electric-vehicle manufacturer's operations in the country....More
  • Newswire

    China Key to Luxury-Sales Title, Mercedes Exec Says  

    Mercedes' China chief, Hubertus Troska, says the automaker must close its sales gap with rivals BMW and Audi in the country to meet its goal of becoming the world's leading luxury-car seller by 2020....More
  • Newswire

    Tesla, BMW Talking EV-Components Deal  

    Tesla founder Elon Musk says he and BMW officials are discussing "whether we can collaborate in battery technology or charging stations."...More
  • Newswire

    Hyundai, Kia Raise 2014 Global Sales Goals  

    The sister Korean automakers have revised their global sales projection for this year to at least 8 million, which would be almost 6% more than in 2013....More
  • Newswire

    TRW Shareholders OK Takeover by ZF  

    Of the 81% of shareholders controlling TRW's equity capital, 79% approved the $12.4 billion takeover by ZF, another major automotive supplier....More
  • Newswire

    FCA Expanding Scope of Chinese Joint Venture  

    Fiat Chrysler, which already has reached a deal with Guangzhou Automobile to manufacture Jeep-brand SUVs for the Chinese market, says the automakers now will collaborate on product planning, aftersales, marketing and sales....More
  • Newswire

    Foreign Automakers Facing Headwinds in China's Luxury Market  

    Analysts expect China's growth rate to slow to 5% by 2018, but foreign automakers such as Daimler and Jaguar Land Rover are launching or expanding production in what remains the world's biggest automotive market....More
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