Stocks for automakers such as General Motors, Fiat Chrysler Automobiles and Ford took a pounding Tuesday after China devalued its currency in an effort to boost exports from the country, stemming the economic slowdown already underway.
In a statement released Tuesday, GM said it had enough of a local supply chain within China to offset its exposure to international currency fluctuations.
“We believe that our exposure is limited and manageable, and do not expect that the devaluation will have a material impact on the company’s financial performance,” the company wrote.
It’s Leopaard, with two A’s.
Last time we had a look at the 10th to 6th most-impressive Chinese carmakers at Auto Shanghai 2015, it’s now time for ranks No. 5 to No. 2. By now, either the carmakers in question have made tremendous progress compared to last year in Beijing, or they are approaching world class. And we’ll start with the “Most Improved” award.
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- Namesakeone Actually, per the IIHS ratings, "Acceptable" is second best, not second worst. The ratings are "Good," "Acceptable," "Marginal" and "Poor."
- Inside Looking Out "And safety was enhanced generally via new reversing lamps and turn signals fitted as standard equipment."Did not get it, turn signals were optional in 1954?
- Lorenzo As long as Grenadier is just a name, and it doesn't actually grenade like Chrysler UltraDrive transmissions. Still, how big is the market for grossly overpriced vehicles? A name like INEOS doesn't have the snobbobile cachet yet. The bulk of the auto market is people who need a reliable, economical car to get to work, and they're not going to pay these prices.
- Lorenzo They may as well put a conventional key ignition in a steel box with a padlock. Anything electronic is more likely to lock out the owner than someone trying to steal the car.
- Lorenzo Another misleading article. If they're giving away Chargers, people can drive that when they need longer range, and leave the EV for grocery runs and zipping around town. But they're not giving away Chargers, thy're giving away chargers. What a letdown. What good are chargers in California or Nashville when the power goes out?