Author: Bingborg Newsfeed

China Does Tesla a Favor

As a measure of China’s importance to western carmakers, Volkswagen AG is tough to beat. Evercore ISI estimates the country contributed 43 percent of the German giant’s pretax profit last year. So any change to rules governing local joint ventures is potentially very significant. Yet China’s plan to liberalize ownership restrictions on local joint ventures was… Continue reading China Does Tesla a Favor

Automakers’ Troubled Marriages

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Daimler Investor Li Says Carmakers Must Talk or Face Oblivion

The guessing game on Li Shufu’s intentions after buying the biggest stake in Daimler is up: Automakers must cooperate, or risk being swallowed up. That’s the takeaway from an editorial written by the owner of China’s biggest non-state carmaker in Frankfurter Allgemeine Zeitung on Sunday. Li, who in February bought a 9.7 percent stake in… Continue reading Daimler Investor Li Says Carmakers Must Talk or Face Oblivion

GM Firing 1,500 Workers Undermines Trump’s Boasts on Auto Jobs

General Motors Co. will fire as many as 1,500 workers at the end of June at the Ohio factory building the Chevrolet Cruze compact car, undercutting President Donald Trump’s bombast about bringing back auto jobs. The Lordstown assembly plant will operate on only one shift as part of the cutback, spokeswoman Dayna Hart said in… Continue reading GM Firing 1,500 Workers Undermines Trump’s Boasts on Auto Jobs

Renault-Nissan’s Ghosnian Knot

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