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Automobile stocks are generally higher after China lowered its auto import tariff to 15% from 25%. The Finance Ministry also dropped the tariff on imported car parts to a standardized 6% across the board from an average of 10%. More news on: CHONG QING CHANGN AUTO B, Great Wall Motor Compa...
Electric vehicle sales in China rose 149% to 225K during the first four months of this year off a relatively easy comparable due to last year's EV subsidy interruption. More news on: CHONG QING CHANGN AUTO B, Great Wall Motor Company, Ltd., Great Wall Motor Company, Ltd. ADR, Consumer st...
Analysts are quick to point out that China's relaxation of foreign ownership rules for automobile companies isn't so much of a concession linked to tough trade talk from the U.S. as it is an opportunity for China to significantly increase its status as an automobile manufacturing hub. More...
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French group has signed its first big deal since exiting its main joint venture last year. On Monday, Renault (OTC: RNLSY) revealed it will partner with Geely Automobile Holdings Limited (OTC: GELYF), the Chinese owner of Sweden’s Volvo Cars, to tap into China’s rapidly growin...
Fiat Chrysler Automobiles (NYSE: FCAU) may have found a dance partner: FCA is in discussions with PSA Group, the holding company of French automaker Peugeot (OTC: PUGOY) , about a merger that could create a $50 billion auto giant. The talks, first reported by The Wall Street Journa...
Asia is where the electric vehicle boom is well and truly underway: China is the world’s biggest market for EV cars in sales , while Japanese brands are in the vanguard of EV technology . Over a million EVs were sold in China in 2018 — more than double the amount so...