Ford’s China ventures increase May sales as market recovers

china cars

Ford Motor’s China ventures have reported year-on-year sales increase for May in an indication of how the world’s biggest auto market has continued to recover from coronavirus crisis. The U.S. automaker’s Chongqing-based venture with Changan sold 23,491 vehicles in May, increasing 130% from a year ago, it said on Thursday. Jiangling Motors Corp (JMC), in […]

Nissan warns UK plant is unsustainable without EU trade deal

Nissan Motor factory in Sunderland, UK

Nissan Motor’s car manufacturing plant located in Sunderland, northern England, which hires 7,000, is “unsustainable” if Britain leaves the European Union without a trade deal, it stated on Wednesday. Ashwani Gupta, the automaker’s global chief operating head, informed the BBC about its commitment to the car plant, the United Kingdom’s largest, could not be preserved […]

U.S. auto sales results encourage Detroit plan to rebuild inventories

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Several automakers this week reported stronger-than-expected auto sales in May in the United States, and the Detroit automakers said they will work through their annual summer shutdowns to reconstruct inventories as demand recovers from coronavirus shutdowns. The U.S. auto sector has resumed assembly plants after the shutdown and automakers that reported May sales said they […]

Cruz on the Port Orchard Waterfront car show canceled over coronavirus

Cruz car show on the Port Orchard Waterfront in 2017

The annual Cruz car show on the Port Orchard Waterfront is the recent significant summer event canceled because of coronavirus. “The Saints Car Club of Port Orchard has made the difficult decision to postpone ‘CRUZ 2020’ until August 8, 2021,” the club declared Tuesday.  Organizers mentioned public health concerns related to coronavirus together with concerns […]

U.S. court declines to shield Volkswagen in diesel scandal lawsuits

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A U.S. appeals court ruled on Monday that German automaker Volkswagen AG cannot escape possible financial penalties from two counties in Florida and Utah that may amount to a “staggering” extra liability arising from the automaker’s diesel emissions scandal. The unanimous ruling made by a three-judge panel of the 9th U.S. Circuit Court of Appeals, […]

Indian automakers offer teaser loans as RBI softens stance

car manufacturing india

Maruti Suzuki, Hyundai and Mercedes Benz are providing Indian auto buyers “teaser loans”, a move that sources stated came after softening of the central bank’s stance because of a coronavirus-induced economic slump. Although the Reserve Bank of India (RBI) never prohibited teaser loans, which provide low interest rates for a limited period before jumping, its […]