automobile

Ford Signs $756 Million Deal with Zotye for Electric Cars

Ford Signs $756 Million Deal with Zotye for Electric Cars

On Wednesday, Ford Motor Company (NYSE: F) signed deal with Anhui Zotye Automobile Co Ltd (SHE:000980), a China-based company, to build, market and distribute electric cars under a new brand in China.Zotye Automobile Co Ltd, which was based in China..

Fiat Chrysler Automobiles Announced Strong Sales in Europe

Fiat Chrysler Automobiles Announced Strong Sales in Europe

Fiat Chrysler Automobiles NV (NYSE: FCAU) announced Friday that it has outperformed the European industry (EU28+EFTA) once again in June, with sales up 7.9% year-over-year (+2.1% for the industry) to 106,700 vehicles. Market share of Fiat Chrysler w..

Porche's Employees Under Investigation by German Prosecutors

Porche's Employees Under Investigation by German Prosecutors

On Monday, The Stuttgart prosecutor’s office said that employees at German sports car maker Porsche AG and a U.S-based subsidiary were being investigated for suspected fraud and false advertising related to diesel emissions.According to an art..

Ford Moving to China

Ford Moving to China

Ford Motor Co. (NYSE:F) expects to move production of its Ford Focus small car from the U.S. to China.U.S. sales of small cars have dropped intensely and as a result many companies want to cut costs producing them. By moving productions to Chin..

Tesla Is Now Closer to Start Manufacturing in China

Tesla Is Now Closer to Start Manufacturing in China

Tesla Inc. (NASDAQ: TSLA) is closer to finalize an agreement that will allow the company to produce cars in China. If successful, the electric car manufacture will get access to the world’s largest auto market. According to a report by Bl..