For years, American consumers have been wondering just when they would witness the arrival of ultralow-priced Chinese cars. Turns out, maybe never. Chinese automakers plan to compete in America -- but not on price as the Japanese and Koreans did before them. Instead, they will market quality vehicles with above-average stickers. Pictured: Michael Dunne is president of Dunne Automotive.
Chinese technology company LeEco announced Monday that Ding Lei, head of its electric vehicle business, has resigned for health reasons. LeEco said Ding will be a consultant for its business strategies. The company has yet to disclose Ding's replacement as chief of its EV business.
Ford Motor Co. hired veteran business consultant Stephen Dyer as its vice president of business strategy for Asia Pacific. The appointment took effect last week. "In this role, Dyer will lead the company's strategic initiatives in Asia Pacific across both the core automotive business and emerging mobility initiatives, as well as its joint venture relationships," Ford said.
Fuyao Glass Industry Group plans to spend 1.4 billion yuan ($202 million) to expand production in Germany, the United States and Russia, company CEO Cao Dewang told state-owned China Daily newspaper. Cao said he expects to spend up to 700 million yuan to build an automotive glass factory in Heidelberg, Germany, to supply Daimler, Volkswagen, Audi, Bentley and Jaguar Land Rover.
Auto sales in China grew 8.8 percent
year-on-year in the first two months of 2017, bucking expectations that
consumer demand would suffer after Beijing raised its sales tax on small cars. February sales rose 22 percent from a year ago to 1.9
million vehicles, the China Association of Automobile Manufacturers (CAAM) told