Category: Newswire

Changan ford to launch 18 new models in 3 years

CHONGQING, Oct. 3 (Xinhua) — Changan Ford Automobile Co. Ltd., a joint venture between China's Changan Automobile and American automaker Ford, plans to launch 18 new automobile models by the end of 2021, including 5 new energy vehicles in the Chinese market.
Since its establishment in Chongqing in 2001, Changan Ford has produced more than 6.5 million vehicles with an output value of more than 800 billion yuan (112 billion U.S. dollars), and its annual sales were once close to 1 million vehicles. Changan Ford, however, ended the trend of continuous growth in 2017, with annual sales of 819,000 vehicles, a year-on-year decline of 14 percent. Sales in 2018 were only 378,000 units, down 54.4 precent from a year earlier.
Experts said the sales downturn of Changan Ford is partly due to a lack of new models from 2016 to 2018.
To tackle the downturn, Ford Motor said it will accelerate the localization of new models of Ford and Ford luxury brand Lincoln. The first Lincoln SUV model will be..

VW registers unit in Turkey ahead of production decision

Volkswagen has established a subsidiary in Turkey’s western Manisa province, the country’s Trade Registry Gazette showed on Wednesday, as the company nears a final decision on the location for its new production plant.The remainder will be paid in the next two years.VW had been looking into a possible new plant in eastern Europe.

Kandi Hainan Manufactured Pure EV Model K23 to be Launched in the American Market

JINHUA, China, Oct. 02, 2019 (GLOBE NEWSWIRE) — Kandi Technologies Group, Inc. (the “Company,” “we” or “Kandi”) (NASDAQ GS: KNDI), announced today that Kandi brand electric vehicle (“EV”) model K23, manufactured by the Company’s wholly-owned subsidiary Kandi Electric Vehicles (Hainan) Co., Ltd.* (“Kandi Hainan”), received eligibility for up to $7,500.00 in tax credits under the… Continue reading Kandi Hainan Manufactured Pure EV Model K23 to be Launched in the American Market

Goodyear Marks 75 Years at Proving Grounds with Facility Expansion

AKRON, Ohio, Oct. 2, 2019 /PRNewswire/ — As it celebrates its 75th year of tire testing operations in San Angelo, Texas, things are not slowing down for The Goodyear Tire & Rubber Company (NASDAQ: GT). Two new expansion projects at the facility further establish North America’s largest tire company as committed to performance evaluation in segments… Continue reading Goodyear Marks 75 Years at Proving Grounds with Facility Expansion

FCA US Reports Third-Quarter 2019 Sales

AUBURN HILLS, Mich., Oct. 2, 2019 /PRNewswire/ — Jeep® Wrangler achieves record third-quarter sales of 59,035 vehicles Ram brand reports record third quarter as sales jump 15 percent to 179,200 vehicles  Dodge Challenger reports highest third quarter with 18,031 vehicles sold  FCA US LLC announced three sales records for the third quarter as a new… Continue reading FCA US Reports Third-Quarter 2019 Sales

Fair and RouteOne Integration Helps Dealers Reach New Customers with Vehicle Subscriptions

SANTA MONICA, Calif., Oct. 2, 2019 /PRNewswire/ — Vehicle subscription app Fair today announced an integration with RouteOne, one of the automotive industry’s leading platforms for dealerships to manage vehicle sales and auto financing. The integration will extend the vehicle subscription app’s network to thousands of dealer partners throughout the U.S., giving dealers an additional… Continue reading Fair and RouteOne Integration Helps Dealers Reach New Customers with Vehicle Subscriptions

Ford patents convertible pickup roof

The automaker recently filed a patent for a removable roof designed to work with pickups, Ford Authority reported.The patent depicts an easily installable structure with self-articulating brackets and two clamps that secure it to the windshield header.As with many patents, however, Ford’s removable pickup roof may just be a pie in the sky idea as there is no confirmation that it plans to put it into production.