Chinese car market worsens in July, Volkswagen scales back global goals

Whither China? Nissan's cool investor relations chief Joji Tagawa chats with China chief Jun Seki at the quarterly results conference

Whither China? Nissan’s cool investor relations chief Joji Tagawa chats with China chief Jun Seki at the quarterly results conference

The global auto industry has a drug problem. For years, the industry has been high on China. With sales suddenly in minus territory, the industry is going into withdrawal. China amounts to more than a quarter of worldwide auto sales. China is the largest market of global automakers Volkswagen and GM. For the past decade, China was a reliable supplier of insatiable customers. Suddenly, no more. [Continue Reading]

Wednesday morning car news roundup, July 29, 2015

Today is Wednesday

Top News:

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Toyota outpaced by Volkswagen? Not if you deduct UBAR

WOLFSBURG, GERMANY - MARCH 11:  Cars by German automaker Volkswagen AG stand parked in one of two towers at the Autostadt customer reception center at the Volkswagen factory on the day of VW's annual press conference on March 11, 2010 in Wolfsburg, Germany. VW Chairman Martin Winterkorn admitted that VW had been affected by the worldwide financial crisis in 2009, though reported that many of VW's brands reported growth, especially in China. VW customers who come to Wolfsburg to pick up their car in person receive their new car after a robot extracts the car from one of the two towers and brings it to them via an automated, underground transport system. Each of the two towers hold 400 cars.  (Photo by Sean Gallup/Getty Images)

Toyota made headlines today, as Volkswagen surpassed the Japanese automaker in half year sales and production. Actually, it’s old news. VW had edged past TMC in May already. And the distance between the two has narrowed in June. And then, there’s UBAR. [Continue Reading]

Tuesday morning car news roundup, July 28, 2015

Today is Tuesday

Top News:

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Monday morning car news roundup, July 27, 2015

Monday-2-

Top News: GM fund approves 3 more serious-injury claims - Automotive News: Three more serious injuries have been linked to General Motors defective ignition switches, the office of attorney Kenneth Feinberg said. U.S. appeals court rejects … [Continue reading]

Friday morning car news roundup, July 24, 2015

Friday-picture-2-courtesy-manhattanprep

Top News: GM CEO pressed for cost cuts, other moves to help GM hit China target - Reuters: When auto sales in China fell last month, General Motors Co's (GM.N) share price took a hit, reflecting investor fears that the automaker would abandon … [Continue reading]

Thursday morning car news roundup, July 23, 2015

Thursday - Picture courtesy happyhealthylonglife.com

Top News:   China preparing 'California-style' scheme to promote green cars - Beijing Auto chairman - Reuters: The new scheme to promote "new energy" cars, which generally refers to all-electric battery cars or heavily electrified plug-in … [Continue reading]

Wednesday morning car news roundup, July 22, 2015

Today is Wednesday

Top News:   Hackers remotely turn off engine and jam brakes of car - International Business Times UK - Ibtimes: Chrysler's Jeep Cherokee was hacked by two researchers who used the Uconnect to turn off the engine, demonstrating the … [Continue reading]