German supplier Robert Bosch GmbH launches a cloud-based EV battery management system it says will extend a battery’s life by as much as 20%.
Category: Newswire
Geely Profit Warning Seen as Bad Omen for Other China Carmakers
Geely Automobile Holdings Ltd., controlled by Volvo Cars owner Li Shufu, issued a profit warning that drove down its shares and those of other Chinese automakers as it sparked concern investors are underestimating the depths of the industry’s slump.
Credit Suisse Hires Ford’s Heyer to Lead Auto Tech Banking
Credit Suisse Hires Ford’s Heyer to Lead Auto Tech Banking Bloomberg | Jul 8, 2019 at 7:48 PM Credit Suisse Group AG has hired Joe Heyer from Ford Motor Co. to oversee investment banking in the automotive technology sector.
Hyundai Says Little Hold-Up Left for Long-Awaited U.S. Pickup
Hyundai Motor Co. expects to enter the U.S. pickup market soon with what’s likely to be an American-made vehicle aimed at luring buyers who aren’t traditional truck owners, an executive said Monday.
Carmaker JAC Fined $25 Million for Cheating Emissions Tests
The 170 million yuan fine will be included in JAC’s 2019 financial report, putting further pressure on its balance sheet for the year.The China Passenger Car Association, another government-backed association, predicted passenger car sales will fall around 1%.In a similar case in 2016, Chongqing-based Chang’an Automobile (Group) Co. Ltd. was fined 3.78 million yuan after some of its vehicles were found to be pumping out excess pollution.
FAW sees strong H1 sales of Hongqi models
China’s leading automaker FAW Group posted a skyrocketing year-on-year increase in the sales of its Hongqi-brand vehicles in the first half of the year (H1).The company’s Hongqi production workshop based in Northeast China’s Jilin province sold 33,242 vehicles in H1, up 255 percent year-on-year.The sales boom was attributed to the company’s launch of two models including a new Hongqi H5 and the brand’s first pure electric SUV E-H3, since the beginning of this year.
Kamaz to deliver knocked down kits to Azerbaijan
EKATERINBURG, July 8. /TASS/. The Russian truck maker Kamaz clinched a deal with Azerbaijan’s Ganja Automotive Plant for supply of knocked down kits worth 400 mln rubles ($6.3 mln), the Russian Ministry of Industry and Trade said in its press release on Monday.
“We are successfully implementing the Kamaz vehicles assembly project launched in cooperation with the Ganja Automotive Plant. Kamaz is viewing an opportunity to expand the model line assembled in Azerbaijan over time on account of Kamaz-65117 dropside truck tractors and Kamaz-6520 heavy dump trucks,” Minister Denis Manturov said, cited by the Ministry.
Kamaz is one of leading global manufacturers of heavy trucks and diesel engines. The process chain of the group comprises eleven large automobile and auxiliary plants.
Audi sees record half-year sales in China
CHANGCHUN, July 8 (Xinhua) — The Sino-German auto joint venture FAW-Volkswagen said a record 311,871 Audi vehicles were sold in China in the first half of 2019, up 2.1 percent year-on-year.
Among domestically made models, sales of the A6L registered a total 46,281 units from January to June, while the average monthly sales of the A4L exceeded 14,000 units.
Imported cars also maintained high growth rates. A total of 1,957 units of Audi Sport were sold in June, a month-on-month increase of 116 percent.
The company said Audi will roll out new models such as e-tron and Q8 in the second half of the year, and strengthen cooperation with Baidu, Tencent and Alibaba on fields including automatic driving.
India’s Mahindra calls for urgent shift to electric vehicles
India’s Mahindra calls for urgent shift to electric vehicles Financial Times | Jul 7, 2019 at 9:00 PM Cleaner technology needed to solve world’s worst air pollution and reduce oil dependence