But, the rise of Chinese carmakers is sending shock waves through the global auto industry.
Honda and Nissan to begin merger talksNissan and Honda are said to be in talks to set up a holding company
Via the Wall Street Journal (gated):
In the U.S., General Motors said this month it was taking $5 billion in charges related to its China businessIn Germany, Volkswagen is threatening to close factories and cut tens of thousands of employees ... One of the underlying causes is the hit to VW’s profits from lost market share in China.1. Over half of new cars sold in China today are either fully electric vehicles or plug-in hybrids
2. Three in five Chinese buyers are choosing a domestic brand, the highest ratio since the country emerged as the world’s largest car market.
Things are only going to get worse for non-Chinese vehicle brands, before they get ... worse still.
This article was written by Eamonn Sheridan at www.forexlive.com.Hence then, the article about three reasons china is taking over the global car market was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details
Finally We wish PressBee provided you with enough information of ( Three reasons China is taking over the global car market )
Also on site :