Chinas luxury car demand declines as economic slowdown and shifting preferences hurt European automakers sales.
Founded in 1990 by three M.I.T. researchers, iRobot introduced its vacuum in 2002. Its restructuring will turn the company ...
VW is developing cars tailored to Chinese drivers — vehicles that will likely never be seen on European roads, though they ...
China’s new restrictions on car discounts signal the government is cranking up its scrutiny of excessive competition in the ...
Europe is still hitting the snooze button. China exported its way to record global trade surpluses last year, breaking the ...
The German carmaker, which once dominated the market with a more than 50% share, has invested 3 billion euros ($3.5 billion) ...
Volkswagen is making a major bet in China, the largest and one of the most cutthroat auto markets in the world. The German ...
China's prolonged price war in the auto market is taking a growing toll on profitability, and even BYD, the country's dominant electric-vehicle maker, is beginning to feel the strain. At the same time ...
Carmakers must shift from price cutting to meeting emerging family-oriented demand while addressing critical chip bottlenecks, as China's new energy vehicle industry enters a new phase of scale and ...
The steep discounts have fuelled a more than 20% surge in sales in both October and November Read more at The Business Times.
Tesla is still navigating troubled waters in key markets overseas, despite success in Norway and a record-breaking surge before electric vehicle tax credits in the U.S. expired in September.
Chinese demand for foreign luxury cars is waning as customers opt for more affordable Chinese brand models, often sold at big discounts, catering to their taste for fancy electronics and comfort.