Chinese automakers seek the site for overseas capacity as US tariffs disrupt Mexico trade. Credit: Gorodenkoff / Shutterstock.com Chinese carmakers BYD and Geely and Vietnam’s VinFast are finalists to acquire a Nissan-Mercedes-Benz vehicle plant in Aguascalientes, Mexico. The three companies advanced from nine bidders, which also included Chinese manufacturers Chery and Great Wall Motor, according…
Porsche has opted to abandon a joint vehicle project with Volkswagen Group. Credit: Porsche AG. Volkswagen Group said that it foresees a €5.1bn ($5.98bn) impact on its operating profit for the year 2025, as its subsidiary Porsche announced postponements in the launch of new all-electric models. Porsche said that current models, such as the Panamera…
SAIC ventured into the Indian market in 2019 with its MG Motor brand. Credit: Robert Way/Shutterstock.com. Chinese state-owned auto firm SAIC Motor is set to reduce its 49% shareholding in its Indian joint venture (JV), amid ongoing geopolitical tensions between China and India, as reported by Reuters, citing sources. The reduction in stake by SAIC…
Dongfeng Motor Group’s annual vehicle deliveries were said to have plummeted from 3.8 million in 2016 to just 1.5 million last year. Credit: Robert Way/Shutterstock.com. Chinese state-owned automaker Dongfeng Motor Group is reportedly preparing to divest its 50% share in a joint venture (JV) with Honda Motor, signalling a strategic move amidst the country’s rapid…