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Auto Export: The association said in a statement it now projects exports to fall 12.7% in 2023 to 420,000 vehicles, a major cut from its previous estimate of a 2.9% drop in the period. "Exports have been the major warning point for the automotive sector in the first nine months of the year," it said.
SHANGHAI (XINHUA) – It has been a hectic September at Haitong Pier, one of China’s largest auto-export terminals, in Shanghai’s Pudong New Area, with cargo ships fully loaded with new energy vehicles (NEVs) being checked and cleared for departure. Produced by companies like Chery, Geely and other Chinese carmakers, the NEVs have been forming long […]
SHANGHAI, Aug. 10 (Xinhua) -- Shanghai automobile exports have picked up as the COVID-19 epidemic wanes and local car manufacturing rebounds, statistics showed.
India’s PLI scheme for the auto sector has been brilliantly structured and timed, removing the cost edge that Chinese manufacturers enjoyed. Along with the ₹18,000 crore PLI scheme for batteries, it is also timed to take advantage of the global shift to electric vehicles
Pentagon acknowledged causing civilian casualties. u.s. stock futures pointing to a higher open. asia markets posting solid gains overnight. u.s. stock market is closed monday for memorial day. the exploding air bag problems led to 34 million recalled vehicles. it could take as many as five years to replace all of those dangerous air bags. according to an auto export at the consumer federation of america, the issue is how long it will take to make the replaced air bags and finding the owners to take them to the dealerships. some dealerships are overwhelmed by the repairs. takata has manufact...