The $412 million in fresh money from a rights offering last year was deemed sufficient to pay the auto maker’s expenses for two years, and almost in lockstep domestic and export sales began to pick up....More
“The Chevrolet New Sail is the first locally developed and manufactured passenger car from an international brand to be exported (from China),” saysTerry Johnsson, Shanghai GM vice president-vehicle sales, service and marketing....More
The Indian utility-vehicle maker brings a 5-year business plan and financial strength to the deal. It aims to take combined annual global sales of the two companies to $4 billion in the next three years....More
The goal to sell 500,000 EVs by 2015 was reached in March at a meeting of China’s top-10 auto makers, which also predict EVs and hybrids will account for 30% of the industry’s annual output in the same timeframe....More
Despite a startling 79% surge in first-quarter 2010 passenger-vehicle deliveries to 2.92 million, there’s no consensus on what the full year holds, although it appears to look good by any yardstick....More
The question on millions of minds today is what happens next. Although the stimulus plan still has more than a year to run, changes may be made, and experts anticipate a tightening up and dampening down of bank lending....More
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