Volvo Cars targets annual sales of more than 1 million vehicles in the long term, co-owner and chairman Li Shufu told a Swedish newspaper.
Category Archives: General Talk
Diesel sales in March account for 26.6% of VW sales, 15.5% of Audi sales
The Volkswagen Group, which accounted for 79% of the light-duty diesels sold in the US in 2013, reported that TDI diesel sales accounted for 26.6% of its Volkswagen brand sales in the US in March, and 15.5% of Audi sales in the US.
PSA partner Dongfeng posts strong 2013 profit
China’s Dongfeng reported a better-than-expected 16 percent rise in 2013 profit due to a rebound in sales at its Japanese partners.
The country’s second-biggest carmaker, which on Wednesday agreed to buy a stake in struggling French partner PSA/Peugeot-Citroen, said net profit was 10.53 billion yuan ($1.70 billion), according to a statement through the Hong Kong Stock Exchange. That beat a forecast of 10.24 billion yuan from 28 analysts polled by Thomson Reuters.
Ballard CEO says fuel cell resurgence no repeat of past bubble
Ballard Power Systems Inc. is poised to report the first profit in its 21-year history as a public company, evidence the fuel cell maker isn’t heading for a repeat of the 2000 technology bust.
CEO John Sheridan, who retires at the end of 2014 after nine years in the top job, has focused on fuel cells for buses, forklifts and telecommunications towers, shifting away from car clients like Ford and Daimler.
global 3-wheeler market to grow at CAGR of 13% through 2019
The value of the global three-wheeler market will grow at a compound annual growth rate (CAGR) of 13% during 2014-19, according to a recently published report by TechSci Research, “Global Three Wheeler Market Forecast and Opportunities, 2019”.
The introduction of CNG/LPG three-wheelers has revived the global three-wheeler market and significantly increased the acceptability of three-wheelers across many countries, especially in developing nations, the report says.TechSci categorizes the three-wheeler industry into two segments: passenger carriers and load carriers.
