Daimler CEO Dieter Zetsche on Tuesday welcomed Geely Chairman Li Shufu as a new shareholder and said any industrial alliance will depend on whether current China partner BAIC agrees.
Today, Porsche sports cars. Tomorrow, Porsche electric cars. But is a flying taxi in the brand's future? The brand's sales chief Detlev von Platen believes there might be a market.
The Porsche Carrera GT is one of life’s happy accidents as its existence was due to a series of last minute decisions. Interestingly, fans of the Carrera GT have the Porsche Cayenne to thank for the car ever finding its way onto the road.
It was less than a month ago when the government promised to renovate 220 thousand heavy vehicles in the next 3 years. They put a condition to just use European vehicles in this renovation plan. Now there is a question, is the government, wealthy enough to buy European vehicles and why Chinese are not participating in this plan?
Carlos Ghosn does not rule out the possibility of mergers among members of the Renault-Nissan-Mitsubishi alliance but said this was not necessarily a goal.
Three days ago, deputy minister of Industry, Mine and Trade talked about exchange currency revival and improve the financial situation of parts makers. Now the question is, according to the exchange rate turbulence and parts makers’ unpaid demands, does the government's financial plan benefit part industry?
The ministry of Industry, Mine and Trade is emphasizing on foreign investment in the auto industry, but on the other hand, making wrong and sudden decisions like shut down SABTARESH website is sending negative signals to foreign investors and make them runaway.