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Great Wall may consider building cars in Europe once sales hit 50,000 a year: chairman

China's Great Wall Motor may consider building car manufacturing facilities in the European Union once its sales there hit 50,000 units a year, its chairman said, as part of a push to seek growth in overseas markets......»»

Category: topSource: reutersSep 11th, 2019

Chairman Mao"s favored Red Flag carmaker eyes 1 million customers by 2030

China's FAW Group [SASACJ.UL] aims to double its annual sales of Chairman Mao Zedong's carmaker of choice, Hongqi, or Red Flag, to 200,000 units this year and grow them further to 1 million cars in the next decade, its chairman Xu Liuping said......»»

Category: topSource: reutersJan 9th, 2020

BMW, Great Wall to build new China plant for electric cars

BMW and its partner Great Wall Motor said they plan to build a plant in China with a capacity of 160,000 cars per year, and which will produce BMW's electric MINI brand and Great Wall Motor models......»»

Category: topSource: reutersNov 29th, 2019

China"s Great Wall aims to sell 300,000 WEY vehicles a year by 2025: chairman

China's top sport-utility vehicle maker Great Wall Motor aims to sell 300,000 of its premium brand WEY vehicles a year by 2025, its chairman said on Wednesday......»»

Category: topSource: reutersNov 20th, 2019

Ford November Sales Down 5% in Europe; Cars Weaker, SUVs Stronger

Ford reported November European sales Wednesday that were down 5.4% year over year. Passenger car sales tumbled while SUV and commercial vehicle sales continued to post solid gains......»»

Category: blogSource: 247wallstDec 12th, 2018

China"s biggest automaker expects domestic car sales to pick up in second quarter

China's biggest automaker SAIC Motor expects the nation's auto sales to post year-on-year growth in the second quarter due to recovering demand and supportive policies, its chairman said on Friday......»»

Category: topSource: reutersMay 22nd, 2020

Mitsubishi Motors" full-year profit slumps 89%

Mitsubishi Motors Corp on Tuesday posted an 89% drop in annual operating profit in the year ended March as the Japanese automaker took a hit from falling vehicle sales as the coronavirus pandemic takes its toll on global demand for cars......»»

Category: topSource: reutersMay 19th, 2020

Electric car sales to fall, but not as much as other vehicles: research

Worldwide electric car registrations are set to fall 18% this year, but those of combustion engine cars are set to drop even faster, analysts BloombergNEF (BNEF) said on Tuesday, as the automotive sector is hammered by the coronavirus crisis......»»

Category: topSource: reutersMay 19th, 2020

What Americans Will Do With Their 11-Year-Old Cars

The average age of a car on the road in America is over 11 years. This poses a nearly impossible dilemma for manufacturers as they try to get sales back to former levels......»»

Category: blogSource: 247wallstMay 8th, 2020

Thomson Reuters cuts sales outlook, narrowly misses earnings estimates

Thomson Reuters cut its full-year sales outlook due to disruption to the global economy from the coronavirus crisis on Tuesday as it reported higher quarterly sales and earnings which fell slightly short of Wall Street estimates......»»

Category: topSource: reutersMay 5th, 2020

Thomson Reuters cuts sales outlook, narrowly misses earnings

Thomson Reuters reported higher quarterly sales and operating profit that fell slightly short of Wall Street estimates on Tuesday, while cutting its full-year sales outlook due to disruption to the global economy from the coronavirus crisis......»»

Category: topSource: reutersMay 5th, 2020

Thomson Reuters narrowly misses earnings, cuts sales outlook

Thomson Reuters Corp reported higher quarterly sales and operating profit that fell slightly short of Wall Street estimates on Tuesday and cut is full-year sales outlook, citing unprecedented disruption in the global economy......»»

Category: topSource: reutersMay 5th, 2020

Nissan slashes full-year results forecast, sees operating loss

Nissan Motor Co on Tuesday said it expected to post its first annual operating loss in 11 years as the Japanese automaker struggles to recover from plunging vehicle sales as the coronavirus pandemic has sapped demand for cars. Francis Maguire reports......»»

Category: videoSource: reutersApr 28th, 2020

Nissan plans to slash Japan May car output by 78% vs last year, June: documents

Japan's Nissan Motor Co Ltd plans to slash the number of cars it produces at home in May by 78% from last year, as the impact of the coronavirus shakes the troubled automaker which has already been struggling with falling sales......»»

Category: topSource: reutersApr 27th, 2020

Kansas City pulls 2020 forecast on pandemic concerns; Mexico shipments drive profit beat

U.S. railroad operator Kansas City Southern withdrew its full-year earnings forecast on Friday on coronavirus concerns, but topped Wall Street estimates for quarterly profit as higher Mexico shipments boosted sales its chemicals and petroleum business......»»

Category: topSource: reutersApr 17th, 2020

Volkswagen China boss sees sales in China on recovery course

Volkswagen Group said sales of its cars dropped by 23% on the year to 2 million cars in the January to March period but was hopeful on Friday that the Chinese market would recover soon as it moves out of the coronavirus crisis......»»

Category: topSource: reutersApr 17th, 2020

Volkswagen sales down 23% in Jan-March, March alone off 37.6%

Volkswagen Group on Friday said sales of its cars dropped by 23% on the year to 2 million cars in the January to March period......»»

Category: topSource: reutersApr 17th, 2020

Europe car sales tank 55% in March on coronavirus lockdowns

The drop even tops that from the 2008-9 global financial crisis, which triggered a six-year slump in car purchases.....»»

Category: topSource: foxnewsApr 17th, 2020

Wall St tumbles on gloomy economic data, bank earnings

Wall Street's main indexes slid 2% on Wednesday, as a record drop in retail sales and dour first-quarter earnings reports lent weight to forecasts for the biggest economic slump since the Great Depression......»»

Category: topSource: reutersApr 15th, 2020

The Wall Street Journal: Banks could lose over $100 Million from loan made to China’s Luckin Coffee chairman

Banks stand to lose more than $100 million from a loan they made to the chairman of Luckin Coffee Inc. whose share price plunged after the Chinese coffee chain last week said much of its 2019 sales were fabricated......»»

Category: topSource: marketwatchApr 6th, 2020

Geely"s Volvo Cars warns virus outbreak to hit 2020 earnings

Sweden's Volvo Car Group, owned by China's Geely, scaled back its guidance for the full year, warning that sales, earnings and cash flow in the first half of 2020 would decline from a year ago as the coronavirus pandemic weighed on its business......»»

Category: topSource: reutersMar 26th, 2020