Top auto boss: Global carmakers unlikely to go it alone in China

For decades, China was the promised land for American, European and Japanese carmakers. Now, the coronavirus outbreak threatens to prolong a slump in vehicle sales, derail production in the country and snarl global auto supply chains......»»

For decades, China was the promised land for American, European and Japanese carmakers. Now, the coronavirus outbreak threatens to prolong a slump in vehicle sales, derail production in the country and snarl global auto supply chains......»»

The global auto industry plunged deeper into recession in 2019, with sales dropping more than 4% as carmakers struggled to find buyers in China and India. The pain is likely to continue this year......»»

The global auto industry plunged deeper into recession in 2019, with sales dropping more than 4% as carmakers struggled to find buyers in China and India. The pain is likely to continue this year......»»

WASHINGTON/FRANKFURT/BEIJING (Reuters) - An increasingly shrill exchange of words between the United States and China that is threatening to trigger a global trade war has claimed another victim - Germany's auto sector......»»

Germany's BMW said it will take majority control of its main China joint venture for 3.6 billion euros ($4.2 billion), the first such move by a global carmaker as Beijing starts to relax ownership rules for the world's biggest auto market......»»

Germany's BMW said it will take control of its main China joint venture for 3.6 billion euros ($4.2 billion), the first such move by a global carmaker as Beijing starts to relax ownership rules for the world's biggest auto market......»»

Germany's BMW will pay 3.6 billion euros ($4.2 billion) to take control of its main joint venture in China, the first such move by a global carmaker as Beijing starts to relax ownership rules for the world's biggest auto market......»»

Carmakers gained momentum Monday after President Donald Trump announced reduced trade barriers in one of the largest global markets. read more.....»»

China's Industry Ministry Urges Chipmakers To Increase Production Capacity All does not seem to be well in the world's largest auto market - especially now as the ongoing global semiconductor shortage is hitting the country where it hurts.  .....»»

BEIJING (AP) — China’s auto sales declined again in April but losses narrowed in a sign the industry's biggest global market is recovering from the coronavirus pandemic as Beijing eases anti-disease controls, according to an industry group.....»»

Sales declined but losses narrowed in a sign the industry's biggest global market is recovering.....»»

China's Citic Securities Co. , has hired Charles Lin, the former Asia head of Vanguard Group, to be vice chairman of Hong Kong unit CLSA, as the biggest Chinese securities company seeks to build up an international presence......»»

The global nature of the supply chain means production delays caused by the coronavirus outbreak in China will.....»»

French Car Market Slammed 18%, Adding To Global Auto Industry Meltdown While China may have led the charge in dragging the global automotive industry.....»»

The threat from the coronavirus crisis closed in on the global auto industry on Thursday, as Fiat Chrysler Automobiles NV warned that a European plant could shut down within two to four weeks if Chinese parts suppliers cannot get back to work......»»

Sweden's Volvo Car Group, owned by China's Geely, reported an 18% rise in fourth-quarter operating profit as cost cuts and growing sales more than offset the impact of subdued global auto markets......»»

The chief executive of Robert Bosch, the world's biggest auto components supplier, warned that coronavirus could impact its global supply chain, which is heavily dependent on China......»»

Renault, Honda and Peugeot owner PSA Group are among the global companies that have large manufacturing plants in Wuhan, China, the center of a coronavirus outbreak that has claimed dozens of lives......»»

Global Automakers Remain Cautious, Pessimistic As China Forecasts 2% Sales Drop For 2020 The mood in the Chinese auto market is one of pessimism.  And the global auto recession, being led b.....»»