Auto
Europe: Shares muted on auto pressure, set for weekly loss
Europe’s main stock index swung between losses and gains on Friday (Oct 25), and was set for a weekly fall, with a handful of weak corporate earnings from auto-related...
Santander launches US digital bank to cut cost of auto lending
SPAIN’S Santander launched its digital bank in the US on Monday (Oct 21), which could help fund up to US$30 billion in loans for vehicle purchases and broaden its...
Japan’s Nissan to invest in auto tech firm ChargeScape
JAPAN’S Nissan Motor said on Monday (Oct 7) it would invest an undisclosed amount in ChargeScape and roll out the battery charging technology company’s services to its electric-vehicle drivers...
Credit Agricole in talks to invest in Guangzhou Auto unit
The transaction will give the leasing business a valuation of about US$600 million after completionCREDIT Agricole is in advanced talks to invest in Guangzhou Automobile’s (GAC) financial leasing unit,...
Germany’s slump in EV sales drags on Europe’s auto market
GERMANY, hit by bad economic news in recent weeks, led a drop in European car sales last month as demand for electric vehicles (EVs) cratered.EV deliveries in the region’s...
China auto suppliers and EV makers flood major trade fair in Germany
NEARLY 900 Chinese auto suppliers and a handful of electric vehicle (EV) makers are showcasing their products at a trade fair in Frankfurt as the country’s car sector defies...
China’s BYD aims to get half of auto sales from global markets
CHINA’S top-selling automaker BYD expects overseas deliveries to account for almost half of total sales in the future, suggesting it will continue to set up global production hubs to...
China’s Didi in talks to sell smart auto assets to state-backed NavInfo’s unit: sources
CHINA’S Didi Global is in advanced talks to sell its smart driving and cockpit assets to state-backed digital mapping firm NavInfo’s unit, as the ride-hailer focuses on its core...
