While the global car sharing market is anticipated to grow 34 percent annually between 2017 and 2024, the rate is expected to be 40 percent in China.
Gary S. Vasilash
Editor-in-Chief, Automotive Design & Production
The auto industry contemplates its biggest merger ever, as Fiat Chrysler Automobiles and PSA Group formally agree to $47 billion deal.
Dongfeng Motor Group will reduce its stake in PSA Group to help the French carmaker clear U.S. regulatory hurdles ahead of a planned merger with Fiat Chrysler Automobiles.
Makoto Uchida, who took over as CEO at Nissan Motor Co. today, says he aims to revive the company with new products and help from its 20-year-old alliance with Renault SA.
South Korea’s SK Innovation Co. plans to construct a $1.1 billion battery plant in Yancheng, China.
Unveiled at CES 2018, the Byton electric vehicle will have Level 3 autonomous capabilities at launch in 2019 and then will be able to have Level 4 integrated about a year later.
The racketeering lawsuit General Motors filed this week against Fiat Chrysler Automobiles could rattle the merger FCA hopes to complete with PSA Group by year-end.
PSA Group says its struggling joint venture with China’s Changan Automobile Group will be dissolved.
Nissan Motor Co.’s board has chosen Makoto Uchida, a senior vice president and former head of the company’s China operations, to take over as CEO.
PSA Group says it is launching a restructuring plan for its 27-year-old carmaking venture with Dongfeng Motor Group in Wuhan, China, to cut costs and boost sales.
PSA Group and Dongfeng Motor Group plan to close two of their four joint-venture assembly plants in China and dismiss half the venture’s employees.
Senior Editor, AutoBeat Daily , AutoBeat
Chinese electric vehicle startup Human Horizons (HH) plans to debut its first vehicle, the HiPhi 1, in early 2021.
Renault SA is investing in its 50:50 venture with Jiangling Motors Corp. to develop and build electric vehicles in China.
Nissan Motor Co. has chosen Airton Cousseau, managing director of its China venture with Dongfeng Motor Co., to take over U.S. sales and marketing on June 1.
Honda Motor Co. CEO Takahiro Hachigo tells reporters the company’s car sales in China are likely to match U.S. demand in 2-3 years.
Nissan Motor Co. now expects its China venture with Dongfeng Motor Corp. will sell 2.39 million vehicles in 2022, down 8% from its estimate late last year, sources tell Bloomberg News.
There is the old saw that things happen in threes. Is this the first of the series?
PSA Group has named Massimo Roserba, formerly CEO of its Italian operations, to head its joint venture in China.
Renault SA has agreed to buy a “significant” stake in Jiangling Motors Co.’s JMEV electric vehicle unit.
Nissan Motor Co. reportedly will repatriate 7.5 billion yuan ($1.1 billion) from its joint venture in China as tensions rise with alliance partner Renault SA.
China’s domestic carmakers are taking the brunt of the country’s new-car sales slump, according to The Nikkei.
Nissan Motor Co. is shifting to local production of batteries and motors in China for electric cars made by its venture with Dongfeng Motor Group.