Ford Motor Co.’s factories in Thailand are capable of producing eight times more vehicles than it sells locally. With help from a Thai government program, the automaker plans to make sure the excess capacity doesn’t become a liability like at its plants in Europe.
Each time An Fu Ford, a dealership in the western Chinese city of Chongqing, sells a car, workers fire a confetti cannon, showering the parking lot with colorful scraps of paper. There’s a lot of paper to sweep up these days.
When Qi Rui shopped for his first car, the Beijing government worker asked his friends for advice. Most of them drove Buicks from General Motors Co., China’s largest foreign automaker. Only one friend drove a Ford.
The Chinese auto industry is overdue for consolidation and General Motors Co., with local partner SAIC Motor Corp., is interested in acquiring ailing automakers, according to four people familiar with the companies’ thinking.
General Motors Co. , less than two years after declaring bankruptcy, is poised to reclaim the global auto sales lead this year from a Toyota Motor Corp. rattled by natural disasters and reports of slipping quality.
An Australian recall by China’s two biggest car exporters for potential cancer-producing asbestos parts may threaten plans by Chinese automakers to expand into the U.S. and Europe amid intensifying competition at home.
As General Motors Co. executives celebrated the opening of a special pavilion in Beijing to woo luxury customers away from Audi, a subtle message about the brand stood on display: a scale model of Cadillac’s U.S. presidential limousine.
China car dealer Pangda Automobile Trade Co. agreed to buy a 24 percent stake in Spyker Cars NV, owner of cash-strapped Saab Automobile, the latest in a line of Chinese companies looking to acquire European auto brands.
Bayerische Motoren Werke AG , the world’s largest luxury carmaker, Volkswagen AG ’s Audi unit and Daimler AG are countering sales at home by selling more cars in China even as industrywide demand cools in the world’s largest automarket.