Beiqi Foton Motor Co. Ltd. (600166.SH) said its gross profit for the first half of this year stood at 554 million yuan ($85 million), but that the figure would have been a little over 1 billion yuan if the company not still embroiled in “Borgward-related matters,” referring to the sale of a 67% stake in… Continue reading World NM: Chinese Truck-Maker Says Unpaid Stake Sale of German Auto Brand Sinks Earnings001398
Author: World_Newz Mon
World NM: U.S. firm HAAH to submit LOI for SsangYong Motor: sources001394
The head of U.S.-based vehicle importer HAAH Automotive Holdings Inc. has said the company is set to submit its letter of intent this week to acquire SsangYong Motor Co., industry sources said Sunday. China-based SAIC Motor Corp. acquired a 51 percent stake in SsangYong in 2004 but relinquished its control of the carmaker in 2009… Continue reading World NM: U.S. firm HAAH to submit LOI for SsangYong Motor: sources001394
World NM: Electric vehicles sales in France tripled in past two years001392
Plug-in hybrids and electric cars have increased in popularity in France, rising from 2.5% of all vehicles sold in 2019 to 7.5% today. Although the ministry recognises that “the transition of the automotive sector will be long,” it appears to be on the right track for the time being as electric bonuses have increased by… Continue reading World NM: Electric vehicles sales in France tripled in past two years001392
World NM: Bugatti Divo Production Ends, Last Hypercar Built Is Truly Spectacular001389
Bugatti has reached another production milestone by completing the assembly of the final Divo at the Atelier in Molsheim. Car #40 is the last of the batch and is about to be delivered to its owner in Europe. Specified in Bugatti EB 110 LM Blue, reminiscent of the company’s last official Le Mans fac… (continue… Continue reading World NM: Bugatti Divo Production Ends, Last Hypercar Built Is Truly Spectacular001389
World NM: 2022 Nissan Frontier Pickup Starts Production in Mississippi, Features V6 Power001387
Finally a standalone model for the North American market, the third-gen Frontier has entered production at the Canton plant in Mississippi. Based on the F-Alpha platform of the big-boy Titan, the mid-size Frontier flaunts a slightly revised ladder frame that incorporates high-strength steel. (continue reading…) Go to Source
World NM: Production Issue Prompts VW to Recall Certain Jetta and Jetta GLI Vehicles001386
It may be financially sound for Volkswagen to manufacture the Jetta in Mexico, but cheaper labor automatically means bigger quality problems. An unauthorized rework of the airbag control module’s fixation holes is to blame for the recall we’ll cover today, which involves 379 examples of the compact sedan for North Americ… (continue reading…) Go to… Continue reading World NM: Production Issue Prompts VW to Recall Certain Jetta and Jetta GLI Vehicles001386
World NM: 2022 Ford Bronco Sport Orders Open August 1st, Production Starts November 11th001384
Introduced for the 2021 model year as the cooler sibling of the Ford Escape, the Bronco Sport is a huge success for the Blue Oval. In June, for example, the compact crossover turned in just 15 days on dealer lots. What’s more, the number one source of sales is coming from Jeep. Manufactured at the… Continue reading World NM: 2022 Ford Bronco Sport Orders Open August 1st, Production Starts November 11th001384
World NM: 2021 Toyota Yaris Cross Enters Production in Europe, Deliveries Kicking Off Soon001383
Production of the 2021 Toyota Yaris Cross has officially kicked off at the Valenciennes factory, in France. The site, which has received a €400 million ($554 million) cash injection and is home to almost 5,000 employees, also makes the regular new-gen Yaris. Built around Toyota’s GA-B platform, shared with the regular hatchback version… (continue reading…)… Continue reading World NM: 2021 Toyota Yaris Cross Enters Production in Europe, Deliveries Kicking Off Soon001383
World NM: Vauxhall plans to build new electric van at Ellesmere Port001382
Jobs will be safeguarded by the new vehicle as the company cashes in on demand for small delivery vehicles Stellantis is expected to confirm on Tuesday that it will make a new model of commercial vehicle at the factory. It is unclear whether building electric vans at Ellesmere Port will create new jobs or just… Continue reading World NM: Vauxhall plans to build new electric van at Ellesmere Port001382
World NM: Alpine Has Made 10,000 A110 Cars in 4 Years001374
Resurrected in 2017 by parent company Renault, Alpine has just celebrated a production milestone, with the 10,000th A110 rolling off the Dieppe assembly line, in France, last month. The French automaker took to social media to announce the achievement, congratulating “everyone involved” in the production of the (continue reading…) Go to Source