- Tesla(NASDAQ:TSLA): Huge Layoffs in China – Wallstreet: The year 2014 kicked off for Tesla Motors Incorporation (NASDAQ:TSLA) when it sent almost 5000 of its Model S sedans to the biggest economy in…
- GM to Change Business Model in Russia – Gm: DETROIT – General Motors today announced plans to change its business model in Russia. GM will focus on the premium segment
- General Motors Beats a Retreat out of Russia – Abcnews: General Motors is to slash production in economically troubled Russia and pull the Opel brand completely in the face of shrinking sales. Mass-market…
- GM Plans to Pull Opel, Most Chevy Cars From Russia This Year – Bloomberg: General Motors Co. plans to pull its Opel brand and most Chevrolet models from Russia as auto demand in the country plunges amid…
- CHINA: TV consumer programme slates automakers on charges, spare parts – Just-auto: Chinese state television channel China Central Television (CCTV)’s annual ‘3.15’ investigative special claimed the local units of Volkswagen, Nissan Motor and Daimler had oversold repairs and spare parts.
- GM’s Opel to exit Russia, shut down plant – Handelsblatt – Reuters: General Motors’ Opel division will exit the plunging Russian autos market and abandon production its plant in St. Petersburg by the end of the year, Handelsblatt reported on Wednesday, citing Opel Chief Executive Karl-Thomas Neumann.
- GM to Indefinitely Idle Russian Assembly Plant – WSJ: General Motors Co. will indefinitely shutter its Russia assembly plant and significantly scale back its vehicle portfolio there, a strategic shift in response…
- RUSSIA: Nissan halts St Petersburg production – Just-auto: Nissan has halted operations at its St Petersburg plant for 16 days from 16 March until 31 March, due to sluggish sales.
- A French billionaire’s anti-Tesla dream costs 20 cents a minute – Automotive News: The Tesla Model S, a sumptuous, four-door electric sedan with a sticker price of $71,000, has a waiting list that stretches to months.
- Uber Offices Raided by French Police in Paris – Autoworldnews: Taxi-hailing app Uber was raided by French police as part of an investigation into its ride-sharing service.
- Electric Cars “Not Viable Markets” For Reborn A123 In US, Europe In Next 10 Years, CEO Says – Greencarreports: The story of lithium-ion cell maker A123 Systems seems to sprout more irony by the day. A123 was once enthusiastic about electric cars, supplying…
- BMW CEO signals BMW brand may lose volume sales crown – Reuters: BMW may surrender its position of being the best … “We would like to remain leading premium auto maker, also in terms of … the biggest selling premium auto maker will be retained, Reithofer said.
- China’s Gov’t TV Rips Foreign Auto Firms But Spares Chinese Carmakers – Yibada: China Central Television (CCTV) in a national news broadcast accused foreign carmakers Jaguar Land Rover, Volkswagen AG, Daimler AG, VW and…
- Could This Liability End GM For Good? (GM) – Seekingalpha: News broke Monday that certain lawyers seek to prove that GM conspired to cover up ignition switch issues. This contradicts the GM-led study which…
- Volkswagen hit by second Chinese state television expose in one week – Reuters: China’s main state-owned television network struck out against Volkswagen AG in its second expose targeting the firm this week, alleging this time that the company overlooked dangerous engine leaks in its Chinese cars.
- Uber Signs Deal With China Auto Dealer to Offer Discounts – Bloomberg: Uber Technologies Inc. signed an agreement with an auto dealer in China to help partners of the ride-hailing company including car…
- Self-driving cars are a ‘solved problem’ says Tesla’s Musk – as Nvidia bungs them in the cloud – Theregister: GTC 2015 Self-driving cars are “almost a solved problem,” Tesla Motors boss Elon Musk beamed on Monday at Nvidia’s GPU Technology Conference…
- Trade Pacts Give Mexico an Edge – WSJ: Car makers such as Audi favor Mexico over the U.S. South as a site for North American plants partly owing to Mexico’s free-trade agreements.
- Jeep expects smash sales in 2015 – Autoexpress: News 18 Mar, 2015 Axing of Chrysler UK paves the way for new products and record sales for Jeep brand
- Nissan Named a Women-Friendly ‘Nadeshiko Brand’ by Tokyo Stock Exchange – Nissan-global:
- Search giant Baidu enters China’s US$59 billion second hand car market – Scmp: One of China’s largest online second-hand car markets, Uxin announced this … engine to find live information on second-hand cars for sale on Xin.com. … billion) last year, according to the China Automobile Dealers Association.
- Japan Inc agrees to decade-high wage rise – FT: Toyota and Nissan among companies moving to play their part in Abenomics economic recovery plan
- Fiat Reduces Maserati Production as Demand Slows – Gtspirit: On the back of Maserati’s most successful year ever in 2014, it has been announced that Fiat Chrysler Automobiles is cutting production for the Italian…
- Nissan to recall Infiniti cars in China – Wantchinatimes: Nissan China Investment is to recall 5,245 Infiniti JX35 on the Chinese mainland, China’s quality watchdog said on Tuesday. The recall, starting from…
- Tesla Motors CEO Thinks Driving Will Become Illegal in a Few Years – Ndtv: Tesla Motors CEO Elon Musk believes that at one point in the future, driving cars may become illegal, thanks to self-driving cars. He said, “In the…