Fiat Chrysler is unsure about consolidation with Great Wall Motor
Fiat Chrysler Automobiles (FCA) CEO Sergio Marchionne stated he was unsure about consolidation with China’s Great Wall Motor was the response, pushing back against the Chinese carmaker’s earlier expressed interest in his company. Talking to press reporters, Marchionne informed there were “sensitive issues related to trans-national mergers,” and he did not think those issues had
No offer for Fiat Chrysler yet, says Sergio Marchionne
Fiat Chrysler still got no offer for the company, neither the world’s seventh-largest automaker is dealing with any “big deal”, CEO Sergio Marchionne stated on Saturday. Talking on the sidelines of the Italian Formula One Grand Prix, Marchionne stated the focus remained on performing the company’s business plan to 2018. Asked if FCA had been
Steve Eum joins Chery Automobile as design chief
A General Motors veteran is joining Chery Automobile as design chief, the most recent foreign executive to sign up with a Chinese automaker as regional players become more competitive and gain share in their home market. Steve Eum, who departed from a GM joint venture in China last year as design director, will join Chery
- Published in Asian
Great Wall Motor considers North America plant, says doubts over policy remain
Chinese automaker Great Wall Motor is planning to develop a plant in Mexico or the United States, the company’s chairman stated, however added that an unpredictable policy environment implied the details of the strategy were still in flux. Reuters reported previous month that Great Wall, which is China’s largest SUV and pickup maker, was considering
- Published in Asian
In difficult market, Chinese automaker cuts jobs, switchs to green cars
Chinese automaker Qoros, established 10 years ago, has cut jobs and is moving its focus to faster-growth electric vehicles in reaction to increased amount of rivals in the biggest car market. In formerly unreported cuts, Qoros, which is backed by almost $1 billion each from Chery Auto and Kenon Holdings, has shed over a fifth
- Published in Press Releases
American Automakers Aims To Enter China With Expensive Pickup Trucks
Ford and General Motors are intending the pick-up truck, a renowned staple in the United States, at upmarket purchasers in China, where most associate trucks with farmers and building employees. “The Chinese call it pika, pika – a really low-end worker’s (vehicle). However the (Ford F-150) Raptor is totally different,” stated Wesley Liu, Ford’s Asia-Pacific
- Published in Ford