Geely Restructures with Zeekr Taking Control of Lynk in Major EV Realignment
China’s automotive giant Geely is undergoing a significant restructuring as its premium EV brand, Zeekr, is set to take control of Lynk & Co. This strategic...
Etiket: Automotive Industry
Ford Cuts Profit Outlook, Faces Stock Drop
Ford Motor Co. announced on Monday that it now anticipates meeting only the lower end of its full-year profit expectations, leading to a 5% dip in...
China’s Chery Assembles Cars in Russian Plants Vacated by Western Firms
Chinese automaker Chery has begun assembling cars in Russia at three factories vacated by Western companies, such as Volkswagen and Mercedes, following Russia’s invasion of Ukraine....