Wolfsburg, we have a problem: How Volkswagen stalled in China
In late December 2019, managers at Volkswagen (VOWG_p.DE) headquarters in Wolfsburg realised they might have a serious problem in China, the company’s biggest market and ticket to its electric future.
China’s July factory price growth quickens, adds to business and broad economic pressures
China’s factory gate inflation in July rose at a faster clip from the previous month and exceeded market expectations, adding to strains on an economy losing recovery momentum as businesses struggle with high raw material costs.
Renault to explore hybrid vehicles with Geely
BEIJING/SHANGHAI, Aug 9 (Reuters) – Renault (RENA.PA) and Geely said on Monday they would jointly develop petrol-electric hybrid vehicles for China and South Korean markets, as the French automaker revives plans for the world’s biggest car market after exiting a Chinese venture last year.
China’s export slowdown in July may signal more bumps ahead
China’s export growth unexpectedly slowed in July following outbreaks of COVID-19 cases, while imports also lost momentum, pointing to a slowdown in the country’s industrial sector in the second half even as easing global lockdowns boost commerce.
China-U.S. container shipping rates sail past $20,000 to record
Container shipping rates from China to the United States have scaled fresh highs above $20,000 per 40-foot box as rising retailer orders ahead of the peak U.S. shopping season add strain to global supply chains.
Biden seeks to make half of new U.S. auto fleet electric by 2030
President Joe Biden took a step toward his goal of slashing greenhouse gas emissions on Thursday with an executive order aimed at making half of all new vehicles sold in 2030 electric, a move made with backing from the biggest U.S. automakers.
Boeing 737 MAX departs for key test flight in China
A Boeing Co (BA.N) 737 Max jet departed for China on Wednesday to conduct a flight test as part of the U.S. planemaker’s attempt to gain approval in the vital travel market following two fatal crashes, people familiar with the matter said.
MORNING BID A new sunny day, with the same old clouds
It’s a new week, a new month and time for a fresh start – but the problems niggling at markets this morning are still the same.
China’s factory activity in July grows at slowest pace since Feb 2020
China’s factory activity expanded in July at the slowest pace in 17 months as higher raw material costs, equipment maintenance and extreme weather weighed on business activity, adding to concerns about a slowdown in the world’s second-biggest economy.
Chinese stocks in tentative bounce, Fed in no hurry to taper
Asian shares managed a semblance of calm on Thursday as the U.S. Federal Reserve signalled it was in no rush to taper stimulus, though the mood was fragile as investors waited to see if Beijing could stem the recent bloodletting in Chinese shares.
