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  Pave the way for a new factory Volkswagen sets up a subsidiary in Turkey

  According to foreign media reports, Volkswagen has set up a subsidiary in the Manisa region of western Turkey, and the new plant is in the final stage of negotiations and is about to make a final decision on the location of the production plant. It is reported that 1.3 billion euros ($1.4 billion) will be invested in the project, of which the parent company Volkswagen has already paid 1/4, and the rest will be paid in the next two years. Volkswagen's new company will focus on the design, production and assembly of cars, trucks and other vehicles, while Volkswagen has been considering building a new plant in Eastern Europe, both in Bulgaria and Turkey.

  Volkswagen sets up subsidiary in Turkey 2019-10-04
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  After Britain, Honda announced that it would close its Turkish car plant in 2021.

  In February, Honda announced that it would close its UK plant in 2022, and now Honda will close its Turkish car plant in 2021, following in the UK. Honda announced on April 8th that it would provide re-employment and other support to about 1100 employees after the closure of its factory in Turkey in 2021. Honda's sales business in Turkey will be maintained. Due to the fierce competitive environment, the production base of pure electric and hybrid vehicles, which are seen as a source of future profits, plans to move from Europe to Japan and China. Honda mainly produces Civic models at its plant in Turkey, with an annual production capacity of about 38000 vehicles.

  Factory car Honda UK 2019-04-09
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  Ghosn's wife denied that the "instrument box escaped" and sources said the Lebanese government had helped.

  According to several media reports, Ghosn, the former chairman of Nissan Renault, successfully "fled" Japan, attracting attention both inside and outside the industry. On the night of December 30, 2019, Ghosn successfully left Japan and arrived in Beirut, the capital of Lebanon. And issued a statement on Tuesday accusing Japan's judicial system of "taking guilt as the premise and ignoring basic human rights." In addition, Ghosn also said that a meeting with the media will be held in the near future.

  Ghosn 2020-01-02
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  Former Nissan CEO Ghosn's first public meeting has been issued a "red warrant" by Interpol.

  On the evening of January 8, Beijing time, former Nissan CEO Ghosn held a press conference in the Lebanese capital Beirut, which was Ghosn's first public appearance since he escaped from Japan while on bail. At the press conference, Ghosn repeatedly stressed his "innocence" and complained against Japan's judicial system, pointing out that all four Japanese charges were slanderous. Because he was treated unfairly in Japan, he decided to take action to leave Japan. Ghosn said that the purpose of the meeting was to tell people why they left Japan, not how to leave, so Ghosn declined to give any details of the escape. Ghosn mentioned.

  Ghosn 2020-01-09
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  Honda decided to close its plant in the Philippines!

  Honda, which has grown up in the Chinese market, can no longer survive in the Philippine market. Honda decided to stop production at its Philippine plant in March in order to speed up the global restructuring, according to Japanese media reports. Although the local car plant has been closed, Honda has not abandoned plans for the market. Honda Philippines will also continue to carry out related sales and after-sales service business in the Philippines. Honda officials said it had been considering "effective allocation of resources" to provide Filipino consumers with "reasonably priced, high-quality automotive products", adding that "taking into account Asia and Oceania."

  Honda 2020-02-23
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  Mercedes-Benz global president Zetsche retires with a pension of up to 4250 euros a day

  Dieter Zetsche, chairman of Daimler and global president of Mercedes-Benz, the world's largest luxury car group, announced his formal resignation in Germany, after which he will sit on the supervisory board and become chairman of the supervisory board in 2021. In addition, Zetsche will receive the highest pension ever paid to an employee at the chief executive level in Germany, with a daily pension of 4250 euros (32731.8 yuan) from 2020. The pension consists of an annual pension of 1.05 million euros and the principal of Daimler's current pension plan.

  Global Mercedes Benz president 2019-05-24
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  Keep falling! Hyundai's global sales fell 8.3% in June from a year earlier.

  Recently, all the major car companies have released their June sales reports. In the general environment of the automobile market, many car companies can not help but sweat for their June sales results. Hyundai Motor, South Korea's largest carmaker, released global sales figures for June, which continued to fall. Hyundai sold 412852 new cars in June, down 8.3 per cent from a year earlier. Total sales in the first half of 2019 were 2127611, down 5.1 per cent from a year earlier. It is worth mentioning that Beijing Hyundai won a beautiful opening with monthly sales of 110316 vehicles at the beginning of 2019.

  Cars sales global Hyundai year-on-year 2019-07-03
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  Renault's first-half net income fell by nearly half, lowering its full-year sales forecast

  On July 26, Renault released its financial results for the first half of 2019. According to the report, Renault's net income in the first half of the year was 970 million euros, down more than 50% from the same period last year; operating income was 28.05 billion euros, down 6.4% from the same period last year; operating profit fell 13.6% to 1.654 billion euros from the same period last year; operating profit margin also fell to 5.9% from 6.4% in the same period last year. Given the decline in demand, Renault said it abandoned its previous commitment to increase revenue, which is expected to be the same as last year. Renault Group revenue fell nearly 50% of the reasons for several:.

  Renault sales 2019-07-27
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  Hit hard by the Chinese market, Skoda's profit fell 55% in 2020

  ​ was hit hard by the COVID-19 epidemic last year, and for Skoda brands, the decline in the Chinese market was even more serious, resulting in a sharp decline in the group's financial results last year.

  Skoda 2021-03-26
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  Honda confirmed that it was "attacked" by hackers and blackmailed, and production lines were shut down in many places.

  ​ according to foreign media reports, Honda Motor Company was attacked by cyber hackers a few days ago, resulting in the suspension of production in many countries, as well as the closure of customer and financial operations. However, the company is trying to get back to normal and has now resumed most of its production.

  Honda 2020-06-11
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  Nissan's profit slump causes the dividend plan to be withdrawn, and Renault's revenue may be hit hard.

  Renault has a 20-year alliance with Nissan, but relations between Nissan and Renault have been strained since the arrest of former Nissan chairman Ghosn, deepening suspicions between the two companies. It is understood that Renault owns 43% of Nissan, while Nissan owns 15% of Renault's non-voting shares. Nissan has been demanding a reduction in Renault's stake, but it has been resisted by Renault. As a result of the downturn in the global car market, Nissan and Renault have seen a serious decline in sales in several markets, and profits and performance are starting to get worse. According to media reports, Nissan submitted a document to the Tokyo Stock Exchange.

  Nissan Renault 2019-11-14
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  The epidemic has dealt a heavy blow to many car markets, and many car companies plan to resume production next week.

  World Health Organization (WHO) 's daily epidemic report shows that as of 10:00 central European time (16:00 Beijing time) on the 16th, the number of confirmed cases by COVID-19 outside China had reached 1907765. At present, the epidemic situation has improved in many European countries, and some countries are gradually lifting the quarantine measures implemented during the epidemic. After relaxing the restrictions during the novel coronavirus epidemic, a number of automakers, including Volkswagen and Mercedes-Benz, will resume production at European factories next week. According to foreign media reports, Volkswagen said on Wednesday that it would resume operations in Zvico in Germany and Bratislava in Slovakia as soon as April 20.

  Volkswagen Honda Toyota 2020-04-17
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  All rivers run into the sea! Renault lost 141 million euros in 2019, its first annual loss in 10 years

  French carmaker Renault Automotive Group officially announced its 2019 results on February 14. The company's operating income in 2019 was 55.54 billion euros, down 3.3% from a year earlier, while net profit was 19 million euros, compared with a loss of 141 million euros ($153 million) last year, the first annual loss in 10 years, according to the financial report. Renault said car demand would remain volatile this year, announced a sharp cut in 2019 dividends and lowered its 2020 operating margin target. According to official sales figures, Renault-Nissan-Mitsubishi Alliance in 2019.

  Renault Group Coreao 2020-02-14
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  Claim for US $1 billion! Prenatal CEO Ghosn sued Nissan Motor

  Over the years, the feud between former Nissan CEO Ghosn and his former employer, Nissan, continues. Recently, the media reported that Ghosn filed a lawsuit against Nissan, claiming more than 1 billion US dollars. According to the indictment, Ghosn sued Nissan and company-related people to force him to step down in 2018 and "arranged" him

  Ghosn Renault Automobile Company shares Mitsubishi Japan shareholders Directors Court Alliance Chairman bail claims misconduct 2023-06-20
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  "nuisance"! A number of traditional car companies have announced that they will stop production again.

  Global shortage of automotive chips continues, and a number of car companies have once again announced that they have stopped production in their factories because of the shortage of chips. Hyundai Motor Company and Kia Motor Company may stop production in April as the global automobile industry is plagued by a shortage of automotive semiconductors, foreign media reported on the 29th. The two companies currently have two to six weeks of vehicle semiconductor inventory. Stellantis announced that it will suspend production at five North American plants due to a global chip shortage, which will begin on March 29th and last until mid-April. The five factories are Toluca, Mexico, which is responsible for the production of Jeep Compass, and Clay.

  Weilai 2021-03-29
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  Total suspension of the sale of fuel vehicles Hyundai will push 17 pure trams

  Another traditional carmaker has announced its foray into the field of electric cars. South Korea's Hyundai Motor Group announced a new strategic plan on March 2, including plans for future electric models, according to media reports. Hyundai will launch 17 new all-electric models in 2030, 11 of which are from Hyundai and six from its luxury brand Genisse. In addition, in terms of global pure electric vehicle sales, Hyundai plans to increase annual sales to 1.87 million units by 2030 and ensure a 7 per cent global market share. It is understood that Hyundai plans to invest 95.5 by 2030.

  Modern automobile 2022-03-03
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  Renault-Nissan alliance reorganized!

  On January 30, Nissan announced that after months of constructive discussions with Renault, the two sides had reached a restructuring agreement to reshape their 20-year alliance, which would then be reviewed and formally decided at a board meeting. In addition to the above deal, Nissan will also invest in Renault's new electric vehicles

  Renault Company Geely sales Markets cars shares Equity Global Power both sides parts Investment Equality Business 2023-01-31
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  It is exposed that Volkswagen may downgrade Skoda brand positioning to compete with Korean mid-and low-end brands.

  According to German media reports, Volkswagen Group is considering repositioning Skoda brand, lowering its brand positioning to a low-cost line, and will compete with medium-and low-end brands such as Korean and French brands in the future. Skoda CEO Mayboner said Skoda's brand value would not change in the future, but hoped to improve the strength of Volkswagen's brands by reducing competition from sister brand Seattle. This year, China's car market is grim, Volkswagen's models with domestic strength, sales do not have much impact, while Volkswagen Skoda brand is not so easy. Skoda sold 25300 vehicles in China in September this year, compared with the same period last year.

  Volkswagen may downgrade Skoda's positioning 2019-10-21