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China's market leader Geely is the top Chinese presence in Europe, but still only ranks seventh in pure EV sales in the EU in the first half of 2023, less than a quarter of market leader VW, Bloomberg says.
BYD, Xpeng and Great Wall are partnering with dealer groups to win customers from VW, Renault and other European brands.
Automakers have cut about 63,400 vehicles from production schedules since the start of the month, mostly in North America, according to a new estimate.
Oliver Zipse will lead BMW Group until 2026, including the launch of the Neue Klasse EV platform. Jochen Goller, currently head of China, replaces Pieter Nota as head of sales.
Congress needs to pass a spending bill before Sunday to avoid a shutdown. However, lawmakers remain at odds over the funding, with some House Republicans pushing for deep spending cuts that are unlikely to survive in the Democratic-controlled Senate.
The right of first refusal in dealership buy-sells has helped minority dealers acquire stores, some their first, and is a tool many automakers say can help them manage their franchises. But others say an increased use of the tool can hurt factory-dealer relations, spook some would-be bidders and lead to lower dealership prices.
Materials engineering is increasingly becoming an area of interest for automakers, as many applications of advanced materials that were once niche are being scaled up and used on high-volume vehicles.
The Chinese smartphone giant is said to have talked with several automakers including Brilliance and Chery.
It's an automaker's right to choose their business partners — including franchisees — but they need to be diplomatic and communicate clearly with dealers when exercising the right of first refusal on a planned sale.
Toyota is rethinking how to make EVs as it aims to compete with Tesla. No wonder the UAW is bargaining so hard.
The Smart Car platform that underpins the Citroen e-C3 will help other Stellantis brands such as Fiat and Opel launch models to compete with low cost Chinese imports.
The automaker said its comprehensive offer 'made substantial movement in all key areas in an effort to reach a final agreement with the UAW and get our people back to work.'
JLR is investing $19 billion to develop EVs, with a new all-electric Jaguar coming in 2025.
Utilization of assembly plants is already far below optimal levels and could decline further if the UAW strike escalates.
Potential cost cuts across all of its brands "will be identified and implemented swiftly," VW said.
Automakers cut 141,506 vehicles from their global production plans over the past five weeks because of the microchip shortage, according to the latest estimate by AutoForecast Solutions.
Higher volumes, stable pricing and improving logistics helped Stellantis reduce the damage of the UAW's campaign of strikes in the U.S.
BYD has picked Hungary as the site for a factory to support its expansion in Europe, a German newspaper said.
A Kerrigan Dealer Survey shows auto dealers lack trust in some domestic brands, but their outlook on the industry is positive for 2024.
China is the world's dominant source for the graphite used in electric-vehicle battery anodes — and it will soon place restrictions on the export of the material, leaving companies scrambling to find for new sources.
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