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  COMMENT
Trump's trade crusade casts uncertainty over foreign automakers in China
Yang Jian | 2018/6/22

SHANGHAI -- The Chinese auto market is relatively healthy. As the nation¡¯s middle class keeps growing, most global automakers are producing higher sales and healthy profits from China operations. But now foreign automakers have a big headache: the implications of a smoldering trade war an unpredictable U.S. president is waging against China.   Pictured: Yang Jian is managing editor of  Automotive News China.
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  Daimler cuts 2018 profit outlook as China tariffs strike U.S.-made SUVs
Reuters | 2018/6/22

FRANKFURT -- Daimler warned profit would fall in 2018 as new import tariffs on light vehicles exported from the United States to China would hurt sales of high-margin Mercedes-Benz SUVs.
>> Read Full Story

  Washington's 'capricious' trade actions will hurt U.S. workers, China warns
Reuters | 2018/6/22

BEIJING -- China's commerce ministry on Thursday accused the United States of being "capricious" over bilateral trade issues, and warned that the interests of U.S. workers ultimately will be hurt by Washington's penchant for brandishing "big sticks."
>> Read Full Story

  Volvo fears for future of global trade as first U.S. plant opens
Bloomberg | 2018/6/22

As a Swedish carmaker owned by a Chinese billionaire and creating jobs in the American South, Volvo is a poster child for how globally interconnected the auto industry has become. It¡¯s been flourishing under the light touch of its owner, Li Shufu¡¯s Zhejiang Geely Holding Group, investing $11 billion since 2010 to expand and modernize its factory footprint and retool its product lineup. A new U.S. plant will also be a small hedge against tariffs at a time when trade barriers are being erected or built higher almost daily.
>> Read Full Story

  PSA to lease China assembly plant to Nissan, report says
Automotive News China | 2018/6/22

PSA Peugeot Citroen, which operates well below production capacity in China, will lease one of its vehicle assembly plants in Wuhan to Nissan Motor Co. starting this year, according to a Chinese media report.
>> Read Full Story

  Toyota, pressed to innovate, trims marketing outlays
Reuters | 2018/6/22

Toyota Motor Corp. has begun slashing costs, starting with sales and marketing, and shifting resources into research that will help it keep up with new competitors, sources told Reuters.  One of the company's first moves was to cancel contracts with the China unit of its long-term communication and advertising agency, Dentsu.
>> Read Full Story

  Germany's Thyssenkrupp forms China steel-wheel joint venture with Jingu, Ansteel
Reuters | 2018/6/22

FRANKFURT -- Germany¡¯s Thyssenkrupp is forming a joint venture with Zhejiang Jingu and Ansteel to produce steel wheels in China to supply the country¡¯s growing auto industry, the steel maker said Thursday.
>> Read Full Story

  U.S.-China trade war leaves auto industry in crosshairs
From staff and wire reports | 2018/6/19

The United States pushed ahead with hefty tariffs on $50 billion of Chinese imports, including cars and auto parts, and a smoldering trade war between the world's largest economies ignited as Beijing replied with tariffs on 659 American imports, including light vehicles.
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  BAIC unit, Canada's Magna form ventures to make EVs
Reuters | 2018/6/19

Canada's Magna International Inc. is forming two joint ventures with China¡¯s largest EV maker, Beijing Electric Vehicle Co., to engineer and build electric vehicles in China, with the first production vehicles planned for 2020. Beijing Electric Vehicle Co. is a subsidiary of BAIC Group.
>> Read Full Story

  VW Group sales rise 6.6% in May on gains at Skoda, Audi
Automotive News China | 2018/6/19

Volkswagen Group delivered 340,700 vehicles in China under its various brands last month, for an increase of 6.6 percent from a year earlier.   The growth in sales was led by Skoda and Audi.  
>> Read Full Story
 

TOP 10 HEADLINES
OF THE LAST WEEK
Trump's trade crusade casts uncertainty over foreign automakers in China

Daimler cuts 2018 profit outlook as China tariffs strike U.S.-made SUVs

Washington's 'capricious' trade actions will hurt U.S. workers, China warns

Volvo fears for future of global trade as first U.S. plant opens

PSA to lease China assembly plant to Nissan, report says

Toyota, pressed to innovate, trims marketing outlays

Fosun acquires German production system supplier FFT

Germany's Thyssenkrupp forms China steel-wheel joint venture with Jingu, Ansteel

U.S.-China trade war leaves auto industry in crosshairs

BAIC unit, Canada's Magna form ventures to make EVs

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