Chinese Auto Makers Join Forces as Industry Woes Deepen

BEIJING—A downturn across the global auto industry has pushed car makers together, forging alliances to pool technology and resources. Now two major state-owned auto makers in China, the world’s biggest car market, are making such a move under growing pressures in the domestic industry.

SAIC Motor Corp., China’s biggest auto maker by sales, and smaller state-owned car maker Guangzhou Automobile Group Co., also known as GAC, signed an agreement earlier this week to cooperate in areas including developing next-generation technology...

Don't worry Tesla is coming...

And this is why they fined Toyota, to discourage them from importing cars to China and instead forcing people to make Chinese government made cars.

The Chinese bubble will bust.

Maybe the customers r waiting for the deluge of evs in foreseeable future.

Wow you don’t say 🤨

So how will this affect the oil companies when less people are driving?

Too many cars.. unsustainable industry.

North America is designed by car companies for cars. We are just realizing, how damaging this is to environment and our personal finances.

This is the CCP's attempt to steal Western technology while winning their survival.

Fuck it. Made in China! I'd rather ride the Bike. 🤦‍♂️ China_is_terrorist maga

Once the public have been rendered into poverty nothing does well it’s all downhill for everyone

.US should start giving emission free cars to taxpayers that want them.

It’s better to work together then against each other for the sake of making better technology to help save the planet

Damn. HenryFordWasRight

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Two years in, California's legal marijuana industry is stuck. Should voters step in?Two years after California began licensing pot shops, the industry remains so outmatched by the black market that a state panel recently joined some legalization supporters in calling for significant changes. Hi The nit-picky rules & regs adopted by state & feds have made it such a pain-in-the-butt to buy weed, might as well buy it from the underground sources. In NY, the only bookies who ever went broke was when they started OTB & stocked it w/patronage. This should be a money winner! Just send a contingent to Colorado. They will show you how it's done. Canada not much better either.
Source: latimes - 🏆 11. / 82 Read more »