A bankruptcy court has approved the sale of one-time star electric carmaker Fisker Automotive to the Chinese auto parts group Wanxiang, the US firm said Monday.
Daily Archives: July 29, 2014
Jaguar Land Rover China announces MSRP adjustments for three models in China market
Jaguar Land Rover China announces adjustments in the manufacturer’s suggested retail price (MSRP) for three models in its portfolio to respond to investigationin auto industry from the Bureau of Price Supervision and Anti-Monopoly of the National Development and Reform Commission.
VW, Ford, Nissan eye China’s entry-level market
For a long time, global automakers have been reluctant to sell inexpensive vehicles in China because they didn’t want to reduce the healthy profit margins on their products.
But the landscape is changing and now foreign automakers are jumping into China’s entry-level market.
Audi cuts China spare-part prices amid anti-monopoly probe
Audi said it would cut spare-part prices in China as global automakers rush to change their pricing strategies after Chinese anti-monopoly regulators began probing the auto industry.
The National Development and Reform Commission, China’s state planner, is investigating the industry amid domestic media complaints that foreign carmakers, using a dominant market position, are overcharging Chinese customers on products and spare parts.
Jaguar Land Rover recruits ex-military to combat skills shortage in UK auto industry
When Julie Taylor left the British Army after managing the deployment of military vehicles, the Ministry of Defense resettlement program helped steer her to more common modes of transport: Jaguars and Range Rovers.
