Remove Auto Industry Remove China Remove GM Remove Sale
article thumbnail

GM’s China JVs investing $12B between 2014-2017 to expand; GM outlines China market trends

Green Car Congress

In conjunction with the start of Auto China 2014 in Beijing, GM China President Matt Tsien announced that GM’s China joint ventures will make capital expenditures of about $12 billion between 2014 and 2017. GM is also continuing to expand its presence in the central and western regions of the country.

China 186
article thumbnail

Germany’s auto industry – outrun by Tesla – to axe thousands more jobs

Baua Electric

Bosch, the world’s largest automotive supplier for Ford, GM, Toyota, VW, and BMW, among others, said last week that as many as 1,200 employers in its software and electronics division would be fired by the end of 2026, and that 80% of those cuts would take place at the Stuttgart-based headquarters in Germany. Get started here.

article thumbnail

Full CPCA rankings: Top-selling models and automakers in China in Feb

CN EV Post

This article contains 20 tables compiled by CnEVPost based on data from the CPCA, showing which models and car companies sold the most in China in February. The China Passenger Car Association (CPCA) announced on March 9 the top selling models and car companies in China in February, presenting a panoramic view of the Chinese auto industry.

China 143
article thumbnail

Full CPCA rankings: Top-selling models and automakers in China in Mar

CN EV Post

This article shares the CPCA's rankings of the best-selling models and car companies in China for March. The China Passenger Car Association (CPCA) announced on April 11 the top selling models and car companies in China in March, presenting a panoramic view of the Chinese auto industry. 4 Geely 90,175 93,378 -3.4%

China 133
article thumbnail

GM Reaches Agreement with China-based Pacific Century Motors on the Sale of Nexteer Automotive

Green Car Congress

General Motors and Pacific Century Motors (PCM), an entity formed by The Tempo Group and E-Town, an affiliate of the Beijing Municipal Government, have reached an agreement for GM to sell GM Global Steering Holdings, LLC, commonly known as Nexteer, to PCM. Terms of the sale were not disclosed. Headquartered in Saginaw, Mich.,

GM 186
article thumbnail

GM’s rosy year-end figures obscure the fact that legacy automakers are in deep trouble – Charged EVs

Baua Electric

Duplicitous doublespeak has become de rigueur dialect in the auto industry. “We We remain committed to an all-electric future,” says GM as it announces a rollback of its electrification plans. “We We strongly believe in EVs,” say auto dealers as they support efforts to slow the EV transition.

GM 52
article thumbnail

Honda to step up its game with new electric motorcycles and EVs

Teslarati

At the same time, Honda plans to increase its annual sales of electric motorcycles to 3.5 With the popularity of electric vehicles continuously rising, legacy automakers like Honda are reevaluating their place in the general auto industry. million electric motorcycles annually, approximately 15% of Honda’s total unit sales.