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
Tag: Geely
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
Zeekr Group Enters into Definitive Merger Agreement for Acquisition Transaction
HANGZHOU, China, July 15, 2025 /PRNewswire/ — ZEEKR Intelligent Technology Holding Limited (“Zeekr Group” or the “Company“) (NYSE: ZK), the world’s leading premium new energy vehicle group, today announced that it has entered into an Agreement and Plan of Merger (the “Merger Agreement“) with Geely Automobile Holdings Limited (“Geely“) and Keystone Mergersub Limited (“Merger Sub“), an… Continue reading Zeekr Group Enters into Definitive Merger Agreement for Acquisition Transaction
Fuel Cell Generator Market worth $1.80 billion by 2030
DELRAY BEACH, Fla., July 15, 2025 /PRNewswire/ — According to MarketsandMarkets the global Fuel Cell Generator Market is anticipated to grow from estimated USD 0.63 billion in 2025 to USD 1.80 billion by 2030, at a CAGR of 23.3% during the forecast period. The Fuel Cell Generator Market is gaining momentum due to increasing demand for silent,… Continue reading Fuel Cell Generator Market worth $1.80 billion by 2030
Chinese car brands are rapidly making inroads in Europe’s EV utopia
Oslo Taxi’s NIO ET5 electric vehicle from Nio Inc, a Chinese multinational electric car manufacturer, drives through the Norwegian capital Oslo, on September 27, 2024. Jonathan Nackstrand | Afp | Getty Images OSLO, Norway — China is hoovering up market share in electric vehicle-friendly Norway, posing significant competition to Elon Musk‘s Tesla and other Western… Continue reading Chinese car brands are rapidly making inroads in Europe’s EV utopia
Volvo Cars to book $1.2bn charge on tariffs and launch delays
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General Motors Halts Production at Mexico Plant for Several Weeks
General Motors Company GM is temporarily halting production at its pickup truck plant in Silao, Mexico, for several weeks, which will affect the output of its highest-selling models, per Reuters. While GM acknowledged the production pause, it did not specify the break time. Per sources, the Silao facility, which manufactures the Chevrolet Silverado and GMC… Continue reading General Motors Halts Production at Mexico Plant for Several Weeks
Tata Technologies Reports Q1 FY26 Results; Net Income Rises 5.1% YoY
Tata Technologies Limited (BSE: 544028, NSE: TATATECH), a global product engineering and digital services company, announced its financial results for the quarter ended June 30, 2025. The company reported a total operating revenue of ₹1,244.3 crore, marking a 3.2% decline quarter-on-quarter, while net income rose 5.1% year-on-year to ₹170.3 crore, with a net income margin… Continue reading Tata Technologies Reports Q1 FY26 Results; Net Income Rises 5.1% YoY
Volvo XC90
The XC90’s seven-seats-as-standard approach to life in the large SUV niche is likely to go down well with its core clientele. There are two key points to note about its passenger versatility. One, you get those seven seats irrespective of powertrain choice. (In an equivalent Defender 110, Q7, X5 or GLE plug-in hybrid, the hybrid… Continue reading Volvo XC90