Category: News Type

SAIC-GM-Wuling posts record new energy vehicle sales

Dozens of SAIC-GM-Wuling’s popular Hong Guang MINI EV are shown at an event in Shanghai. [Photo provided to chinadaily.com.cn] NANNING – SAIC-GM-Wuling (SGMW), based in Liuzhou of South China’s Guangxi Zhuang autonomous region, reported record new energy vehicle sales. By the end of April, the company had sold more than 700,000 units of Hongguang MINI… Continue reading SAIC-GM-Wuling posts record new energy vehicle sales

Tesla to recall over 100,000 vehicles in China

Tesla Model 3 sedans and Tesla Model X sport utility vehicle in Shanghai, China May 8, 2020. [Photo/Agencies] BEIJING – Electric carmaker Tesla will recall 107,293 vehicles in China from May 23 due to safety risks, said the website of China’s top watchdog on Monday. The recall, initiated by Tesla (Shanghai) Co Ltd, involves Model… Continue reading Tesla to recall over 100,000 vehicles in China

Tesla’s Shanghai Gigafactory dispatches second export shipment

Employees work at the Tesla Gigafactory in Shanghai, Nov 20, 2020. [Photo/Xinhua] SHANGHAI – A ship loaded with over 4,000 electric cars produced by US automaker Tesla’s Shanghai Gigafactory left a Shanghai port for Belgium on Sunday. This is the second export shipment of Tesla cars from Shanghai since the factory resumed production on April… Continue reading Tesla’s Shanghai Gigafactory dispatches second export shipment

Drive Pilot breaks new ground as Mercedes sells Level 3 models

The Mercedes-Benz logo is seen on a car. [Photo/Agencies] Mercedes-Benz has rolled out its Drive Pilot system in two of its models in Germany as the first Level 3 system available in the vehicle market worldwide. The European country is also the first in the world to allow Level 3 vehicles to hit the road.… Continue reading Drive Pilot breaks new ground as Mercedes sells Level 3 models

Lordstown Motors Stockholders Elect Two New Independent Directors

The Board of Directors has also combined the roles of Chairman of the Board and CEO and current CEO, Daniel A. Ninivaggi, will serve in this capacity, effective following the annual meeting.  David T. Hamamoto, a current independent director and Chairman of the Nominating and Corporate Governance Committee of the Board, will serve as lead… Continue reading Lordstown Motors Stockholders Elect Two New Independent Directors

Lear Declares Quarterly Cash Dividend and Extends Share Repurchase Authorization

SOUTHFIELD, Mich., May 19, 2022 /PRNewswire/ — Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, today announced that its Board of Directors has declared a quarterly cash dividend of $0.77 per share on the Company’s common stock.  The dividend is payable on June 29, 2022 to shareholders of record at… Continue reading Lear Declares Quarterly Cash Dividend and Extends Share Repurchase Authorization