South Korea’s auto exports hit a record high in the first half of the year, thanks to climbing sales of high-margin hybrid cars and SUVs, according to Korea JoongAng Daily. According to the Ministry of Industry, Trade and Resources (MITR) and the Korea Trade Association (KITA), […]
Porsche, the renowned German luxury automobile manufacturer, has reported a significant decline in sales in China for the first half of the year. The company’s sales figures show a notable 33% decrease compared to the same period last year. This downturn in Porsche’s performance in the Chinese market comes amidst various challenges faced by the […]
Porsche Automobil Holding, the parent company of Volkswagen AG, has announced a downward revision to its projected after-tax earnings for the fiscal year 2024. The company now expects its after-tax profits to range between €3.5 billion and €5.5 billion (approximately $3.78 billion to $5.94 billion USD). This adjustment reflects various factors impacting Porsche’s financial […]
According to Reuters, on July 8, the Italian automotive industry federation (FIM-CISL) said that if the Italian government’s recently launched car purchase incentives can not boost demand, especially electric vehicle demand, car maker Stellantis this year’s car production in Italy may fall by about one-third. Stellantis’ […]
According to foreign media reports, the BeiDou satellite navigation system (BDS) is undergoing a major upgrade to meet the growing demand for high-precision positioning in various fields. The new service aims to provide decimeter-level accuracy within minutes, a significant improvement over existing capabilities. This advancement is critical for […]
Canada is one of the favored immigration destinations for Chinese. According to a demographic analysis by Statistics Canada, as of 2021, about 1.8 million Chinese will live in Canada, accounting for about 5 percent of the total population. However, Canada’s policy is quite cautious when it comes […]