AvtoVaz’s 2023 sales were nearly matched by the two biggest Chinese importers, Chery and Great Wall, whose sales jumped 283.6% and 301.2%, respectively, according to Wards Intelligence data.
Ford’s first-quarter earnings drop from a year ago, but still manage to beat Wall Street forecasts by overachieving on commercial vehicles and software services.
The Electro Movilidad Asociación (EMA), formed by companies including Volvo, Tesla and China’s JAC Motors and BYD, has secured a commitment from its members to increase their investments in Mexico.