Some analysts believe the listing in Shanghai will help Geely Automobile’s merger with Volvo.
Volkswagen AG’s premium arm, Audi, said on Friday that its CEO Markus Duesmann will assume direct responsibility for its business in China, underlining the importance of the world’s largest market to the company.
German premium carmaker BMW held a traffic safety seminar and launched an online education project for children earlier this month, as part of its corporate responsibility efforts.
Apple Inc (O:AAPL) on Monday announced a system to let iPhone owners unlock and start cars with their devices at its annual conference for software developers.
Although currently employing some 126,000 people globally, the Bavarian automaker had recently put roughly 34,000 staff on short-hour contracts to make up for their entire production line grinding to a halt at the end of March as the pandemic spread across the continent.
The dealer’s office confirmed that the order was canceled and the money was refunded.
Loan, guarantees and maturity extension allowed to auto part makers By Lee Kyung-min The government decided to offer 5 trillion won ($4.1 billion) in loans for ailing domestic parts suppliers to the country’s top-tier conglomerates for use in automotives, airplanes, steel and ships crucial to the country’s economy.
After driving a pickup truck for the first time, I now get why they’re the best-selling vehicles in the US
I was shocked — shocked, I tell you — the first time I discovered that pickup trucks have handily outsold passenger cars here in the US for the past couple of years.
With the advent of autonomous driving, carmakers have been forced to link up radar, camera and ultrasonic sensors and connect them to braking and steering components, something which requires thousands of lines of software code.
Geely Auto is expected to be the first carmaker listed on China’s Nasdaq-style sci-tech innovation board, also known as the STAR market, Chinese financial news outlet Yicai reported.