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Luxury car sales seen falling due to China’s economy

Luxury car sales seen falling due to China’s economy

The recent China downturn seems to put its stamp also on the luxury car division worldwide, with sales estimated to drop, despite them being partly compensated by the growth in demands in the U.S. and Middle East auto markets. Bentley sales, the U.K.’s luxury car marquee, witnessed a drop in […]

China: Toyota halt in Tianjin gets extended

China: Toyota halt in Tianjin gets extended

In case you missed it, last week a deadly chemical explosion took place near the Chinese port of Tianjin where Toyota Motor Corp. is handling its current operations. In the light of that, the brand has decided to keep its operations shut down at least until Sunday, after a suspension […]

Volvo’s first half profit jumps 71 percent

Volvo’s first half profit jumps 71 percent

Geely has done marvels resurrecting the Swedish brand Volvo from its ashes – unlike NEVS with its local market Saab – and the profits are being reaped – especially thanks to the advances in China and Europe. The Volvo Car Group announced it was keeping unchanged its forecast for the […]

Numerous global automakers impacted by China port explosions

Numerous global automakers impacted by China port explosions

Worldwide carmakers have been scrambling late last week to oversee and mitigate the damage from the massive blasts that occurred in China’s Tianjin port, a major entry point for their vehicles in the world’s largest auto market. Automakers from Germany’s Volkswagen Ag to Japan’s Toyota had to assess the damage […]