Britain’s fourth-largest car dealer, Lookers, expects to post a full-year pretax profit of more than £60 million (€75 million) after record sales lifted first-half pretax profit by 36 percent to £40.2 million.
Category Archives: Motoring News
China’s NDRC has become country’s antitrust watchdog
Until recently, the National Development and Reform Commission, a ministry-level government body, was very friendly toward foreign automakers, approving numerous factory projects the companies sought.
GM Says China Unit Contacted by Antitrust Regulator
General Motors said its passenger-vehicle joint venture in China was contacted by the nation’s antitrust regulator amid an industry investigation that has seen at least seven foreign carmakers cut prices.
Flooding slows production at Detroit automakers
By DEE-ANN DURBIN
Record-setting rainfall in the Detroit area has slowed vehicle production and closed some facilities, automakers said Tuesday.
German gov’t wants e-bikes to replace trucks for local deliveries
Chancellor Angela Merkel’s government is looking for ways to encourage electric bikes to replace trucks for local freight shipments in Germany.
