Report: China’s Ride-Hailing Market to Rebound

August 20, 2019 at 6:30 PM

China’s market for ride-hailing services, whose growth has slowed to less than 5% this year from 25% in 2018, will rebound to at least 10% in 2021, predicts Bain & Co.

Segway Readies Remote-Controlled Scooter Tech

August 20, 2019 at 4:32 PM

Segway-Ninebot Group says it has developed an electric scooter that can be guided to a central charging station via a remote operator.

Mahindra Sheds 1,500 Employees as Sales Sag

August 20, 2019 at 12:46 AM

Mahindra & Mahindra Ltd. says it has eliminated 1,500 contract jobs in India since April and warns more layoffs are possible next month if sales continue to slide.

EV Maker Nio Cuts 1,000 Jobs as Sales Slide

August 19, 2019 at 2:04 PM

Shanghai-based Nio Ltd. has eliminated 10% of its workforce, shedding 1,000 jobs as demand for its electric vehicles falls.

Retail Car Sales in India Drop 11%

August 19, 2019 at 1:06 PM

Retail deliveries of passenger cars slid 11% to 243,200 units in July, the Federation of Automobile Dealers Assns. reports.

Japan, U.S. Aim This Week for Quick Trade Pact

August 19, 2019 at 2:42 AM

Top U.S. and Japanese trade negotiators will meet for two days in Washington, D.C., this weeks in hopes of cinching a deal between the two countries by September.

Tata Braces For Sharp Sales Drop in India

August 19, 2019 at 2:03 AM

India’s Tata Motors Ltd. has warned suppliers that its domestic passenger and commercial vehicle operations each may see sales drop by double digits through next spring.

Mercedes Continues to Outsell Audi, BMW in China

August 19, 2019 at 12:17 AM

Daimler AG’s Mercedes-Benz brand outsold rivals Audi and BMW through the first seven months of 2019, Automotive News reports.

Velodyne Claims Chinese Patent Infringement

August 16, 2019 at 12:51 PM

Velodyne Lidar Inc. has accused two Chinese companies of infringing on its patents for rotating 3D sensors used by autonomous vehicles to detect objects around them.

Infiniti Teases Sporty Crossover

August 16, 2019 at 12:07 PM

Nissan Motor Co.’s Infiniti unit will add a sporty variant of its QX50 compact crossover next summer.

Indian Oil Refiner to Test EV Battery Swap Service

August 16, 2019 at 11:03 AM

Hindustan Petroleum Corp. Ltd. is preparing to test a service that would quickly swap batteries in India’s two- and three-wheeled electric vehicles

Chevy Readies China-Market EV

August 16, 2019 at 9:27 AM

General Motors Co. plans to introduce an all-electric crossover vehicle based on the Chevrolt Bolt platform later this year in China.