Germany’s premium automakers are now marketing electric cars as their flagship models, a strategy which Daimler, Volkswagen and BMW hope will lure customers away from gas-guzzling SUVs
Automakers around the world are pushing hard for new networks that can charge electric cars fast. In Europe, some power companies and grid operators are testing whether it might be smarter and cheaper to move into the slow lane.
General Motors’ July to September vehicle sales in China fell 17.5%, as the US automaker was hurt by a slowing economy amid the Sino-US trade war and by heightened competition in its key mid-priced SUV segment.
Indian automakers Tata Motors and Mahindra and Mahindra (M&M) said on Friday they would cut production at some plants in response to slowing demand that industry executives say has driven the sector into one of its worst downturns.
India’s biggest automaker Maruti Suzuki India and peers including Mahindra & Mahindra, Mercedes-Benz and Fiat Chrysler Automobiles (FCA) said on Sunday they will halt car production in the country due to the coronavirus outbreak.
Automakers are speeding up US assembly lines to meet recovering demand, increasingly confident coronavirus safety protocols are working to prevent outbreaks in their plants but wary of the challenges workers face outside.
Nissan Motor forecast on Tuesday its biggest-ever annual operating loss and said it expects vehicle sales to tumble 16% as the coronavirus pandemic hampers the company’s efforts to turn around its business.
Foreign automakers are seeking delays and exemptions to India’s planned new quality rules for imported auto parts, arguing the regulations will increase costs, hurt sales and disrupt supply chains, sources with direct knowledge of the matter told Reuters.