The parent of BMW AG’s main Chinese joint-venture partner has canceled a plan to pledge shares in a Hong Kong-listed subsidiary for loans amid accusations that the state-owned automaker was deliberately failing to pay its debts. Liaoning Xinrui Automotive Industry Development Co. Ltd., a wholly owned subsidiary of Brilliance Auto Group Holdings Co. Ltd., has… Continue reading World NM: BMW’s Chinese Partner Cancels Hong Kong Share Pledge Amid Debt-Dodging Complaints000671
Category: Official Press Release
World NM: Honda will stop supplying cars to Russia in 2022000668
MOSCOW, December 30. /TASS/. Honda’s Russian subsidiary, Honda Motor Rus, will stop delivering new cars to Russia during 2022, the company said on Wednesday. Honda Motor Rus, subsidiary of Honda Motor Co., announced termination of deliveries of new cars to authorized dealers in Russia during 2022, the company said. According to the statement, the decision… Continue reading World NM: Honda will stop supplying cars to Russia in 2022000668
World NM: Britain and Turkey secure continued tariff-free trade deal worth $25B000666
Britain and Turkey signed a trade deal Tuesday to continue tariff-free trading that was worth $25 billion last year. Britain has reached trade deals with 62 countries and the European Union in under two years as part of the government’s goal to secure free trade with countries that cover 80% of their trade in three… Continue reading World NM: Britain and Turkey secure continued tariff-free trade deal worth $25B000666
@FCA: FCA Italy Extends Sponsorship Agreement with Juventus Football Club S.p.A.
FCA Italy Extends Sponsorship Agreement with Juventus Football Club S.p.A. FCA Italy S.p.A. (“FCA Italy”), a wholly owned subsidiary of Fiat Chrysler Automobiles N.V. (NYSE: FCAU / MTA: FCA) announced today that it has agreed to extend until June 2024 its sponsorship agreement with Juventus Football Club S.p.A (“Juventus”). The agreement contemplates a yearly base… Continue reading @FCA: FCA Italy Extends Sponsorship Agreement with Juventus Football Club S.p.A.
@Geely: Kandi Enters into Strategic Cooperation Agreement with Agricultural Bank of China Hangzhou Branch
Jinhua, China, Dec. 29, 2020 (GLOBE NEWSWIRE) — Kandi Technologies Group, Inc. (NASDAQ GS: KNDI) (the “Company” or “Kandi”) announced today that it entered into a strategic cooperation agreement with the Hangzhou Branch of the Agricultural Bank of China.Given China’s effort to both encourage the battery swap model for electric vehicles and to support a… Continue reading @Geely: Kandi Enters into Strategic Cooperation Agreement with Agricultural Bank of China Hangzhou Branch
@Mazda: Mazda Production and Sales Results for November 2020
TOKYO, Dec 28, 2020 – (JCN Newswire) – Mazda Motor Corporation’s production and sales results for November 2020 are summarized below. I. Production 1. Domestic Production Mazda’s domestic production volume in November 2020 decreased 3.8% year on year due to decreased production of passenger and commercial vehicles. [Domestic production of key models in November 2020]CX-5:… Continue reading @Mazda: Mazda Production and Sales Results for November 2020
@Toyota: Toyota Launches “C+pod” Ultra-Compact Battery Electric Vehicle in Japan
Toyota Motor Corporation (Toyota) announced today a limited launch of the “C+pod” ultra-compact battery electric vehicle (BEV), from December 25, to corporate users, local governments and other organizations that have been exploring new options to drive the popularization of BEVs. Toyota plans to further promote the establishment of systems for popularizing BEVs, including development of… Continue reading @Toyota: Toyota Launches “C+pod” Ultra-Compact Battery Electric Vehicle in Japan
@Toyota: Toyota’s Global Sales and Production Up Year-on-Year in November for Third Consecutive Month
Toyota Motor Corporation (TMC) announces its sales, production, and export results for November 2020 as well as the cumulative total from January to November 2020, including those for subsidiaries Daihatsu Motor Co., Ltd. and Hino Motors, Ltd. Go to Source
@Suzuki: December 25Suzuki November 2020 Automobile Production, Sales, and Export Figures (Preliminary)
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@Nissan: 000167
2020/12/25 YOKOHAMA, Japan – Nissan Motor Co., Ltd. today announced production, sales and export figures for November 2020. 1. Production Nissan’s global production in November declined 5.6% from a year earlier. Production in Japan declined 19.9%. Production outside Japan declined 3.0%. Production in China surpassed year-earlier results by 5.5%. 2. Sales Global sales in November… Continue reading @Nissan: 000167