Jaguar Land Rover's China JV with Chery has an annual loss of $19 million. The U.K. automaker hopes to turnaround its Chinese business with the Freelander brand that will use Chery technology.
The next-generation Compass will be sold on five continents, making it Jeep’s most international model.
CEO Frank-Steffen Walliser, who started in the role last summer, says that Bentley's plan to annually debut a plug-in or full-electric car "leaves room for flexibility.'
The Chinese company has been in discussions with Swiss Post unit PostAuto to debut its robotaxis in Switzerland and aims to begin testing the technology by the end of this year, Bloomberg reported.
Musk, who is Tesla’s largest shareholder with a 13 percent stake, is seen as shifting the company away from its automaking roots to more of an AI and robotics company.
The Bavarian designer became a leader in Korea — first at Kia and eventually for Hyundai and Genesis, too.
Polestar has also scaled back its presence in China and is expanding in Europe and the U.S. in a bid to boost its sales.
Porsche is in crisis mode as a failed EV strategy, slumping China sales and Trump's tariffs weigh on its share price and earnings.
China’s latest generation of cars are marketed as affordable and technically advanced alternatives to legacy automaker’s EVs, but Chinese brands are struggling to gain traction with German buyers and dealers.
Solid-state batteries are seen as a game-changing technology for electric vehicles, as automakers seek ways to cut costs and boost their range amid stagnating EV sales.
Jaguar Land Rover's China JV with Chery has an annual loss of $19 million. The U.K. automaker hopes to turnaround its Chinese business with the Freelander brand that will use Chery technology.
Jaguar Land Rover met its 8.5 percent margin target for the fiscal year to March 31 but U.S. tariffs will impact profitability this year. The U.K.-India trade deal will give the automaker a boost.
Nissan's only European factory is not part of CEO Ivan Espinosa's plan to close seven plants globally. New electrified models will be added at the plant in Sunderland, England, he said.
