BEIJING (Reuters) -Guangzhou Automobile Group (GAC) and JAC Group expect to post their biggest ever second-quarter losses next month, as the state-owned Chinese automakers struggle with competition at home and abroad. China’s auto sector is reeling from overcapacity and an extended price war, prompting regulators and industry executives to warn about risks to the sector’s… Continue reading State-owned Chinese carmakers GAC and JAC forecast record Q2 losses
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State-owned Chinese carmakers GAC and JAC forecast record Q2 losses
BEIJING (Reuters) -Guangzhou Automobile Group (GAC) and JAC Group expect to post their biggest ever second-quarter losses next month, as the state-owned Chinese automakers struggle with competition at home and abroad. China’s auto sector is reeling from overcapacity and an extended price war, prompting regulators and industry executives to warn about risks to the sector’s… Continue reading State-owned Chinese carmakers GAC and JAC forecast record Q2 losses
State-owned Chinese carmakers GAC and JAC forecast record Q2 losses
BEIJING (Reuters) -Guangzhou Automobile Group (GAC) and JAC Group expect to post their biggest ever second-quarter losses next month, as the state-owned Chinese automakers struggle with competition at home and abroad. China’s auto sector is reeling from overcapacity and an extended price war, prompting regulators and industry executives to warn about risks to the sector’s… Continue reading State-owned Chinese carmakers GAC and JAC forecast record Q2 losses
‘China’s car market has lost all reason’ – the country’s largest western carmaker refuses to compete in Tesla and BYD’s EV price war
Once China’s dominant carmaker before being overtaken by fast-growing EV leader BYD, Volkswagen is now in a rebuilding year. VW Group China boss Ralf Brandstätter says he’s willing to sacrifice market share during the price war to protect the equity of his company’s car brands. Relief is due to come next year with a new… Continue reading ‘China’s car market has lost all reason’ – the country’s largest western carmaker refuses to compete in Tesla and BYD’s EV price war
Analysis-Despite tariffs, it’s still America first for Asia’s legacy automakers
By Hyunjoo Jin, Maki Shiraki and Heekyong Yang SEOUL/TOKYO (Reuters) -Toyota and Hyundai Motor may have a beef with U.S. protectionism, but they have one thing in common with President Donald Trump: when it comes to global car markets, it’s America first for Asia’s legacy automakers. Trump’s tariffs on imported automobiles have upended the outlook… Continue reading Analysis-Despite tariffs, it’s still America first for Asia’s legacy automakers
M&M Overtakes Hyundai to Become No.2 player in Q1 PV sales; Tata Motors Out of Top 3
For the first time in a quarter, Mahindra & Mahindra Ltd has emerged as the second largest player in the domestic passenger vehicle market during the first quarter of the financial year 2026 with its highest ever market share. The SUV maker’s surge has reshuffled the leadership board, pushing Hyundai Motor India and Tata Motors… Continue reading M&M Overtakes Hyundai to Become No.2 player in Q1 PV sales; Tata Motors Out of Top 3
Hankook Tire Supports High-Speed Action at WRC Rally Estonia 2025
WRC Round 8 to take place July 17–20 across Tartu and southern Estonia Dynapro R213 to deliver perfect support for extreme rally exceeding average speeds of 120 km/h Championship battle between Elfyn Evans, Sébastien Ogier, and Ott Tänak becomes key highlight for second half of season TARTU, Estonia, July 15, 2025 /PRNewswire/ — Global leading tire… Continue reading Hankook Tire Supports High-Speed Action at WRC Rally Estonia 2025
AiMOGA Signals Market Readiness with Global Humanoid Robot Partnership
BEIJING, July 15, 2025 /PRNewswire/ — AiMOGA, in collaboration with Chery Auto Group, successfully hosted its first Partnership Conference at the Beijing Capital International Convention Center. The event attracted over 3,000 automotive dealers and marked a key milestone in AiMOGA’s effort to scale its humanoid robot retail solutions globally. Automotive + Humanoid Robots: A Global… Continue reading AiMOGA Signals Market Readiness with Global Humanoid Robot Partnership
Traction Control System Market to Reach USD 58.6 Billion by 2030, Growing at a 5.9% CAGR: MarkNtel Advisors (Major Players- Continental AG, Ford Motorcraft Company, Denso Corporation, Autoliv Inc, NTN Corporation)
NEW DELHI, July 15, 2025 /PRNewswire/ — The Global Traction Control System Market is projected to grow from USD 38.7 billion in 2023 to USD 58.6 billion by 2030, reflecting a CAGR of 5.9% from 2025 to 2030, according to MarkNtel Advisors. This expansion is largely driven by the increasing production of passenger cars and the… Continue reading Traction Control System Market to Reach USD 58.6 Billion by 2030, Growing at a 5.9% CAGR: MarkNtel Advisors (Major Players- Continental AG, Ford Motorcraft Company, Denso Corporation, Autoliv Inc, NTN Corporation)
Carens and Clavis top Kia India sales in June, Clavis EV launch today
The Kia Carens MPV has notched a new wholesales milestone in June 2025. With factory dispatches of 7,921 units, it became Kia India’s best-selling model for the second time since its launch in February 2022. The second-bestseller last month was the Sonet compact SUV (6,658 units), followed by the Seltos midsize SUV (5,225 units), Syros… Continue reading Carens and Clavis top Kia India sales in June, Clavis EV launch today