GERMAN luxury car brand Audi will accept punishment from Chinese authorities for breaching anti-monopoly laws in the world’s largest auto market, it said yesterday. An investigation by Chinese authorities found that an Audi dealer network had “violated national anti-monopoly laws,” the brand’s China arm said in a statement, adding that […]
MERCEDES-BENZ said yesterday it will recall more than 50,000 smart hybrid cars on the Chinese mainland starting from August 22 in a second recall concerning the smart brand this month. The recall affects a total of 50,144 smart 52kW micro hybrid drive (MHD) cars from the model year of 2009 […]
MERCEDES-BENZ has been found guilty of manipulating the price of after-sales services by the Jiangsu Province Price Bureau amid China’s sweeping anti-trust campaign. The bureau, which launched its investigation late last month, found evidence of anti-competitive practices after raiding Mercedes-Benz dealerships in Suzhou, Wuxi, Yangzhou, Huai’an and Danyang, all in […]
NSK and NTN, two bearing manufacturers from Japan, became the first Japanese auto part firms to be fined for their monopolistic practices in China. Tokyo-based NSK has been fined 174.92 million yuan (US$28.5 million) for violating the Anti-Monopoly Law of China by the National Development and Reform Commission, the country’s […]
A total of 12 Japanese auto parts suppliers have been fined 1.24 billion yuan (US$201 million) due to a price monopoly, China’s top price regulator confirmed today. The Japanese auto parts suppliers punished include Hitachi, Denso, Aisan, Mitsubishi Electric, Mitsuba, Yazaki, Furukawa, Sumitomo and bearing makers Nachi, NSK, JTEKT and […]
CHINESE-OWNED Volvo Car Group yesterday raised its outlook for 2014 sales after returning to profit in the first half as strong growth in China and a moderate upturn in Europe more than offset lingering weakness in the United States. Gothenburg-based Volvo, one of Sweden’s top exporters and employers though a […]
A GROUP of 12 Japanese manufacturers of auto parts and bearings have been found guilty of violating China’s Anti-Monopoly Law, with 10 of them fined a combined 1.24 billion yuan (US$201.8 million). The penalty is the largest ever issued by the National Development and Reform Commission in the six-year history […]
Car Design News has obtained exclusive information about Franz von Holzhausen’s next career move. On Thursday of last week, von Holzhausen resigned from Mazda, where he was Director of Design at the R&D Design Center in Irvine CA, to become the Design Director at Tesla Motors. “It’s going to be […]
DETROIT — Cadillac dealer Bill Wallace loves the reaction to the flashy 2015 Escalade that hit his showroom this spring: A dozen customers have plunked down deposits, and more are lined up with checks in hand for the redesigned SUV. But Wallace is refusing to take additional orders for fear […]
Forget the Continentals of your past, or the big, long rear-drive concepts of the early ’00s. While BMW has proven that rear-wheel-drive c-segment size luxury works, with its 1 Series, Lincoln is turning next to the 2011 Ford Focus’ platform for post-global warming luxury. To prepare us for a CAFE-friendly world, Lincoln rolled out the […]
