Should things go as planned, China National Chemical Corp. — ChemChina — will buy into Pirelli in a €7.1 billion ($7.7 billion USD) deal.
Categories:
Tag: China
Whatever you thought of his editorial style at TTAC, Bertel Schmitt is the best person to turn to if you want to make sense of China’s car market. His column today, on the rumors about a Tesla joint venture in China, thoroughly debunks the case made in Chinese media reporters.
Chicago Uber customers are the first to take a ride in a Chinese-made EV, thanks to a deal between BYD and the transportation network company.
Tesla may be denying delays in the construction of its Gigafactory, but the automaker’s not holding back on firing 200 employees in China due to poor sales.
Though sales of electric vehicles are still weak, automakers are not giving up on them over the long term.
Tesla’s Apple aspirations may have its detractors, but the automaker’s ongoing problems in China are likely to do more harm than said detractors.
Chinese luxury sedan consumers are the first to see Mercedes-Maybach in their showrooms, arriving in the form of the S600 and S400.
As a tyke growing up in South Bend, Indiana, my father and I would often stake out the lots behind the Studebaker factories with hopes of spotting the next generation Avanti or Lark. Too often all we spied were rows of Mercedes-Benz automobiles due to the fact that Studebaker was the U.S. distributor for the German brand up until shortly before the closure of their South Bend operations in 1963.
Yesterday it was announced that Mercedes-Benz was returning to South Bend to build the R-Class crossover at the AM General plant, producer of the military Humvee and the late GM Hummer. Mercedes-Benz once moved their headquarters from South Bend to New Jersey and soon to the South (Atlanta) and now R-Class production is moving from the South (Alabama) to South Bend. Got it? (Read More…)
Holden will retain the Commodore nameplate for its next-generation large sedan, even though the new “Commodore” will bear no resemblance to the large, rear-drive car currently sold in Australia.
Tesla shareholders felt lighter Wednesday after the automaker’s stock price fell from just over $200/share to $186.09/share after CEO Elon Musk’s announcement at the 2015 Automotive News World Congress in Detroit — held during the 2015 Detroit Auto Show — that his company wouldn’t be profitable until the start of the 2020s.
Back in the spring of 2013, our sources told us that a CD-based Taurus was under development, but promptly sent to the garbage dump after its design bombed its consumer clinics. Marketing brass at Ford decided to kill the Taurus, due to dissatisfaction with the way it looked, and the shrinking mid-size car market. But the large sedan will live on in China.
Chinese Internet overlord Baidu is buying a major stake into everyone’s favorite transportation network company, Uber.
After less than nine months at the helm, Tesla China president Veronica Wu will be resigning from the top job, and leaving the company behind.
Google may be off pursuing autonomous commuter pods, but another Internet-related company in China as decided to take on Tesla directly in the EV game.
Recent Comments