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QOTD: Do You Actually Care About Chinese Imports?

The Truth About Cars

annually, having Oakville Assembly down means Ford had to come up with something and it elected to pull China out of the bullpen — setting the SUV up to become Ford’s very first Chinese import. Though it’s been taking action that has helped improve Chinese sales figures in recent years — the worst period of the pandemic notwithstanding.

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Ford to Pull Back On Future Chinese Investments

The Truth About Cars

Ford will be scaling down future investments in China, as the company’s chief executive has suggested that there will be “no guarantee” Western automakers can compete with local electric-vehicle rivals. The company has joint-venture partnerships with Jiangling Motors Group, Changan, and Lin Ho, and shares eight factories between them.

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Report: China’s Chery Considers U.S. Market Yet Again

The Truth About Cars

Chinese state-owned automaker Chery is reportedly still looking to the United States as a possible point of expansion. Things have been left intentionally vague this time around, with the company only saying that it would like to move product here eventually. Both the Lincoln Nautilus and Buick Envision are now assembled in China.

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China’s largest carmaker to cut thousands of jobs at its joint ventures with GM and Volkswagen

Baua Electric

3 electric car (Source: SAIC-VW) Amid an intense price war and lost market share to BYD and Tesla, China’s state-owned automaker SAIC Motor is reportedly making drastic job cuts this year at its joint ventures with General Motors and Volkswagen and at its EV unit – with mass layoffs a rare move for a China-owned company. SAIC-VW ID.3

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Report: Ford CEO Says China Strategy Changing

The Truth About Cars

Ford Motor Company is tweaking plans in China and seeking to turn around financial losses after five years of lackluster sales within the region. According to Automotive News , the executive stated that China would remain important to the company. Ford has introduced new models specifically designed to cater to Chinese customers.

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GM Shanghai GM Sign $600M Agreement to Export Vehicles, Machinery and Equipment from US to China

Green Car Congress

In the presence of Chinese National People's Congress Chairman Wu Bangguo and Chinese Vice Minister of Commerce Ma Xiuhong, representatives from GM and Shanghai GM formalized an agreement for the purchase of complete vehicles, vehicle kits, machinery and equipment by the GM joint venture from its parent company. Group (SAIC).

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GM execs ecstatic following Q1 earnings, but hurdles remain

Teslarati

General Motors (GM) has published its first-quarter earnings report, crushing earnings expectations, but the company isn’t out of the woods yet. Nonetheless, the company felt confident enough in the earnings to offer yet another solid dividend for investors of $0.09 over the same timeframe.

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