Volkswagen AG’s majority owner urged Europe’s biggest carmaker to move quickly on cutting costs and excess capacity to tackle a slide in competitiveness.
China’s Leapmotor is targeting a bigger slice of Europe’s largest auto market with an electric vehicle costing less than a typical monthly mobile-phone bill.
China’s Leapmotor is targeting a bigger slice of Europe’s largest auto market with an electric vehicle costing less than a typical monthly mobile-phone bill.
Volvo Car AB is willing to give Geely access to its European factories so the Chinese parent can build cars in the region, Chief Executive Officer Hakan Samuelsson said.
A Volvo badge sits on the wheel hub of a vehicle in Stockholm, Sweden, on Thursday, May 12, 2011. Volvo Car Corp., the Swedish automaker acquired by China's Zhejiang Geely Holding Group Co., said first-quarter operating profit jumped 78 percent as the company delivered more vehicles and scaled back spending. Photographer: Casper Hedberg
Porsche AG’s deliveries fell 10% last year, the steepest drop since 2009 when the global financial crisis roiled markets, following weak demand for electric vehicles and a slump in China.
A Porsche AG Cayenne sport utility vehicle at the Shanghai Auto Show.
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