Worldcrunch
BEIJING — After enjoying years of double-digit growth, China’s luxury car market has screeched to an unprecedented slowdown with a growth rate of less than 6% for the first half of 2015. But there is one notable exception to the slowdown: the Beijing Benz Automotive Co. (BBAC) — the joint venture between the Chinese state-owned […]
Google is at the Frankfurt auto fair for the first time. What does this mean for German car industry? Will the Silicon Valley giant position itself as a partner or competitor?
Berlin-based Die Welt is not taking lightly a recent EU directive that backed French bans on imports of new models of German-built Mercedes.
SHANGHAI – For years, the People’s Republic of China has been carrying the German car industry through tough times. In 2012, German manufacturers sold a whopping 15.5 million motor vehicles in China, and no end to that record is in sight. In March 2013 alone they sold 1.4 million cars, a rise of 20%. The […]
BERLIN – Drivers have been communicating with each other for 125 years with brake lights, turn signals and horns. But a new era is beginning: Car-to-X Communication (C2X). This is connectivity between vehicles making it possible for them to exchange information and warn of dangers. In early 2007, with about 40 million euros of taxpayer […]
Europe’s economic woes are prompting the Formula One auto racing circuit to seek new markets, including in Latin America, whose export-driven economies are running on all cylinders. Argentina hopes to host a race in 2013, in the seaside resort city o