“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.
Category Archives: General Talk
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.
Fiat could gain upper hand with Chrysler valued at $10 billion
Fiat is set to gain the upper hand in negotiations to buy a health-care trust’s holding in Chrysler Group if the final value for the U.S. carmaker remains around the level currently being discussed.
Pedicabs may soon be seen in Oxford, Mississippi
Oxford aldermen have amended the city’s taxi cab ordinance to allow pedicabs, also known as cycle rickshaws, which transport passengers in a carriage-styled seat hooked to a bicycle.
Steel makers add lighter alternatives to maintain dominance in vehicle production
Steel will remain the dominant raw material in car production despite tougher competition from rivals, experts say.
Steel makers are offering lighter, more durable products to maintain their dominance against aluminum and plastics producers as the preferred raw material used in vehicle production.
