“A financial crisis could develop in about three years,” said Jochen Siebert, managing director of consultancy JSC Automotive Consulting in Shanghai. China could soon become a major trouble spot for automakers and their suppliers.
Monthly Archives: November 2013
to prolong boom Spanish car plants look beyond low labor costs
While much of the European car industry is struggling, Spanish assembly plants are raising production, winning new models and creating jobs despite years of recession.
production cuts at two PSA French factories Considered
PSA/Peugeot-Citroen may close an assembly line at its Mulhouse plant in eastern France unless production picks up to more profitable levels.
Sunday Morning News wk of 16 November
Daimler, BYD to introduce a production-ready Denza EV at Shanghai auto show
Daimler AG and partner BYD Auto say they plan to introduce the production version of their Denza electric car at the Beijing auto show next April. The car will go on sale next summer, according to Daimler.
California Network of electric car chargers stalled
A New Jersey energy company required by an unusual legal settlement to build an extensive network of electric car chargers throughout California has delivered just 10 percent of what it promised in the first year.
