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Tuopo’s Wu Jianshu is the latest automotive billionaire in China


Chinese auto parts producer and supplier Ningbo Tuopu Group has seen its shares skyrocket 44 percent to their superior limit in their first day of trading – and the jump also made chairman Wu Jianshu the latest China auto billionaire. China, currently the world’s largest auto market and the second largest economy might still need a few years to best the ...
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US: Berkshire Hathaway completes acquisition of Van Tuyl Group
The investment fund led by billionaire entrepreneur Warren Buffett has just completed the largest dealership acquisition in the auto industry’s history. Berkshire Hathaway has gone through with its purchase of the ...
Australia seeks to leave some funds intact for the auto industry
The Australian government has opted to partially restore some of the funding – previously scheduled to be axed – destined to the country’s ailing auto industry. The sector was allowed to ...
US: government approves incentives to auto industry whistle-blowers
A US Senate committee recently approved the legislation that would see the introduction of payments and awards to employees and contractors who come forward to the federal government with information ...
UK: prime minister Cameron visits local auto factories, could be a covert operation to divert attention from move out of EU
Prime Minister David Cameron has embarked on a series of election-season trips, also touring the bustling British car plants, seeking attention as the local auto industry is enjoying a newfound ...
Apple: the electric car could be a dream or a nightmare
Over the weekend the bombshell was dropped all over the media channels – according to sources Apple Inc. is mulling the development of an electric car, called Project Titan. With information ...
Bosch sees its automotive supplier top spot threatened
Germany’s Robert Bosch is the No. 1 automotive supplier in the world, but that spot comes with numerous woes and responsibilities, which is why the car parts division has a ...
Automakers are the latest victims of “patent-trolling”
Ford Motor, one of the largest global automakers, was for example – between 2012 and 2014 – sued for at least a dozen times for issues that involve patent infringement ...
Top auto executives rally to support EU-US trade agreement
Daimler CEO Dieter Zetsche, Volkswagen AG chief Martin Winterkorn and other top officials of Germany’s car industry are set to gather today in Berlin in support for a transatlantic free ...
US: President Obama believes Detroit spearheads the American recovery
Earlier this month President Barack Obama took the time to visit metro Detroit and a Ford plant as the state of Michigan contained a historic comeback within the automotive industry. Now, ...

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