China’s Auto Industry Discusses How To Increase Rural Car Sales

china cars

China’s auto industry executives met with government authorities regarding ways to promote higher car sales in rural areas, sources knowledgeable with the matter said. The country’s car manufacturers are grappling with struggling sales. Falling sales in China are making them seek new policies. Zeng Guang a senior official at the China Association of Automobile Manufacturers […]

Tesla regain recommended status in Consumer Reports survey

Tesla Model 3

Tesla Inc’s Model 3 and S sedans both have regained “recommended” status in Consumer Reports magazine’s yearly reliability survey, permitting the electric carmaker’s overall standing to boost slightly. Tesla’s ranking increased four spots to No. 23 out of 30 brands in the U.S. market as it worked to fix production issues with the Model 3, […]

Car break-ins in San Francisco are probably more common than the number reported

san francisco images

The amount of car break-ins has steadily dropped down in San Francisco, according to police. But the owner Raymond Templeton Auto Glass Repair of San Rafael states those numbers are most probably much bigger in the reality, based on the experience he has with consumers. Templeton believes the actual number of break-ins is actually higher […]

Chinese electric automakers hit by new threat of subsidy cuts

Shares of Chinese electric-car makers dropped following a Bloomberg News report that stated regulators may slash subsidies further on the embattled industry. BYD Co., China’s biggest company of new energy vehicles, dropped 2.8% in Hong Kong. BAIC BluePark New Energy Technology, the country’s biggest company of pure electric cars, retreated 2.9% in Shanghai, while Contemporary Amperex Technology, […]

Daimler seeks 1 billion euros in savings at Mercedes-Benz by slashing jobs

2018 Mercedes-Benz A-Class

Stricter emissions rules are going to hit Daimler’s profits in 2020 and 2021, prompting the German automaker to seek over 1 billion euros ($1.1 billion) in savings from slashing staff expenses at its Mercedes-Benz business by the end of 2022, it stated on Thursday. Daimler shares dropped 2.3% in early trading at 52.17 euros, the […]

Hyundai to make Santa Cruz pickups at Alabama plant as a part of expansion strategy

Images of Hyundai Santa Cruz Pickup Truck

Hyundai Motor is going to start making its Santa Cruz pickup trucks at its U.S. factory in 2021, with an investment of about $410 million, as it looks forward to a foothold in the popular, but highly competitive, sector led by U.S. competitors. The Alabama factory expansion was declared as President Donald Trump is expected […]