Automotive

Volvo's shares up after record first quarter profits

Volvo Group's shares were up seven percent Wednesday after the Swedish truck-maker posted record first-quarter earnings, in a sign of an easing of supply chain disruptions and high costs that have plagued the auto industry.

Automotive

China auto sales off 22.4% in first half of 2020

China's auto sales rose 1.8% in June over a year earlier but fell by double digits for the first half of 2020 after the country shut down to fight the coronavirus, an industry group reported Friday.

Automotive

China auto sales fall in April but loss narrows

China's auto sales declined again in April but losses narrowed in a sign the industry's biggest global market is recovering from the coronavirus pandemic as Beijing eases anti-disease controls, according to an industry group.

Automotive

China auto sales sink 48.4% in March as virus hurts demand

China's auto sales sank 48.4% in March from a year ago as the economy reeled from the coronavirus, according to an industry group, adding to strains for the struggling industry in its biggest global market.

Automotive

GM bets on e-vehicles with $1.4 bn investment in Brazil

General Motors said Wednesday it will invest seven billion reais (more than $1.4 billion) in Brazil in the next five years to develop electric vehicle production in Latin America's biggest economy.

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