Latest news with #automakers
Yahoo
3 hours ago
- Automotive
- Yahoo
China vows to regulate 'irrational' competition in EV industry
BEIJING (Reuters) -China's cabinet on Wednesday pledged to regulate what it called "irrational" competition in the country's electric vehicle industry, vowing to strengthen cost investigation and price monitoring, according to state broadcaster CCTV. The cabinet meeting, presided by Chinese Premier Li Qiang, was held as a two-year price war in the world's largest auto market only intensifies. China will focus on promoting the high-quality development of the electric vehicle industry and implement comprehensive measures in both the short- and long-term to address the "phenomenon of irrational competition" in the sector, CCTV quoted the cabinet as saying, without giving further details. The cabinet will also urge the main automakers to fulfil commitments on supplier payment terms and promised to help them boost competitiveness through technological innovation and quality improvement. Industry regulators and executives have previously warned of excessive competition and called on automakers to halt the bruising price war which they say threatens the sector's health and sustainable development. Concerns about oversupply persist, with new vehicles being shipped overseas as "used" since 2019, according to a Reuters report in late June. Separately, the cabinet meeting discussed boosting domestic consumption, with policymakers vowing to systematically remove unreasonable restrictions that hinder household spending and optimise policies for a consumer goods trade-in program. Sign in to access your portfolio
CNA
3 hours ago
- Automotive
- CNA
China vows to regulate 'irrational' competition in EV industry
BEIJING: China's cabinet on Wednesday (Jul 16) pledged to regulate what it called "irrational" competition in the country's electric vehicle industry, vowing to strengthen cost investigation and price monitoring, according to state broadcaster CCTV. The cabinet meeting, presided by Chinese Premier Li Qiang, was held as a two-year price war in the world's largest auto market only intensifies. China will focus on promoting the high-quality development of the electric vehicle industry and implement comprehensive measures in both the short- and long-term to address the "phenomenon of irrational competition" in the sector, CCTV quoted the cabinet as saying, without giving further details. The cabinet will also urge the main automakers to fulfil commitments on supplier payment terms and promised to help them boost competitiveness through technological innovation and quality improvement. Industry regulators and executives have previously warned of excessive competition and called on automakers to halt the bruising price war which they say threatens the sector's health and sustainable development. Concerns about oversupply persist, with new vehicles being shipped overseas as "used" since 2019, according to a Reuters report in late June. Separately, the cabinet meeting discussed boosting domestic consumption, with policymakers vowing to systematically remove unreasonable restrictions that hinder household spending and optimise policies for a consumer goods trade-in programme.
Yahoo
3 hours ago
- Automotive
- Yahoo
China vows to regulate 'irrational' competition in EV industry
BEIJING (Reuters) -China's cabinet on Wednesday pledged to regulate what it called "irrational" competition in the country's electric vehicle industry, vowing to strengthen cost investigation and price monitoring, according to state broadcaster CCTV. The cabinet meeting, presided by Chinese Premier Li Qiang, was held as a two-year price war in the world's largest auto market only intensifies. China will focus on promoting the high-quality development of the electric vehicle industry and implement comprehensive measures in both the short- and long-term to address the "phenomenon of irrational competition" in the sector, CCTV quoted the cabinet as saying, without giving further details. The cabinet will also urge the main automakers to fulfil commitments on supplier payment terms and promised to help them boost competitiveness through technological innovation and quality improvement. Industry regulators and executives have previously warned of excessive competition and called on automakers to halt the bruising price war which they say threatens the sector's health and sustainable development. Concerns about oversupply persist, with new vehicles being shipped overseas as "used" since 2019, according to a Reuters report in late June. Separately, the cabinet meeting discussed boosting domestic consumption, with policymakers vowing to systematically remove unreasonable restrictions that hinder household spending and optimise policies for a consumer goods trade-in program.
Bloomberg
12 hours ago
- Automotive
- Bloomberg
Europe's Car Rebels, Cupra and Dacia, Defy a Chinese Onslaught
Investors appear increasingly gloomy about the prospects for European automakers as highly competitive and technologically savvy Chinese rivals target the continent's sluggish car market and gain market share. But they shouldn't overlook a pair of dynamic nonconformist brands — Volkswagen AG's sporty Cupra line and Renault SA's affordable Dacia models — whose success shows it's too soon to write off Europe. Based near Barcelona, Cupra excels in edgy design, while Dacia, headquartered in Romania, builds practical low-priced vehicles. Both offer lessons in how European manufacturers can keep Chinese rivals at bay.
Auto Blog
21 hours ago
- Automotive
- Auto Blog
How Nissan Avoided a Massive Recall With One Smart Strategy
By signing up I agree to the Terms of Use and acknowledge that I have read the Privacy Policy . You may unsubscribe from email communication at anytime. View post: Walmart is selling a 'lightweight' $75 mini chainsaw for just $33, and shoppers say it's a 'little powerhouse' After nearly seven years of scrutiny, the National Highway Traffic Safety Administration (NHTSA) has officially closed its investigation into more than 2 million Nissan vehicles over concerns of rear suspension failure — and it's doing so without demanding a recall. The agency's probe, originally opened in 2018 and upgraded to an engineering analysis in 2019, focused on whether corrosion could lead to the lower rear control arm separating from the chassis. It covered 2013–2018 Nissan Altima and 2016–2018 Maxima models, and while more than 1,300 owner complaints were examined, only one incident involved actual contact — a minor bump into a trailer hitch. No injuries were reported. While that might seem anticlimactic, it's far from unusual. The NHTSA has become increasingly selective about issuing recalls in recent years, often opting to close cases when manufacturers proactively address faults through internal fixes or extended warranties — as Nissan did here. 0:06 / 0:09 Automakers brace for uncertain future amid Trump's tariff pause Watch More 2012 Nissan Maxima front 3/4 — Source: Nissan Why No Recall? The case revolved around corrosion accelerated by road salts used in colder U.S. states. Nissan acknowledged that a crack could form in the control arms due to routine stress and salt exposure, especially on high-mileage vehicles (the average odometer reading in these reports exceeded 113,000 miles). The automaker introduced a redesigned part in January 2018 and launched a 'customer satisfaction campaign' in 2019, replacing the component in more than 47,000 vehicles and extending the warranty coverage to 10 years for many affected owners. With a declining trend in complaints and new parts already fitted to a large portion of the affected population, the NHTSA decided further action wasn't warranted — though it's still a good reminder that corrosion-related failures are far from rare in America's salt belt. The decision comes just several days after the agency opened a far newer probe into 1.2 million Ram trucks over a separate defect, which suggests that while NHTSA may be backing off Nissan, it's still keeping a close eye on automakers elsewhere in the industry. 2025 Nissan Altima SV Special Edition — Source: Nissan A Shifting Regulatory Landscape The Nissan ruling also highlights a broader shift at the NHTSA. Critics — including automakers like Toyota, VW, and GM — have increasingly argued that the agency's safety rules haven't kept up with modern manufacturing realities. And yet, in other areas, NHTSA has taken steps to adapt, such as easing approval timelines for driverless vehicle exemptions, allowing companies to bypass requirements like steering wheels or pedals when deploying autonomous cars. Of course, regulation remains a delicate balancing act. On one hand, Tesla and others have raised concerns that crash-reporting mandates unfairly single out autonomous systems — an issue that may be addressed soon if proposals from Trump's policy team to scrap outdated crash-reporting requirements come into play. As for Nissan, the lack of a recall doesn't necessarily mean the issue is closed forever. Owners in affected states are still advised to check for campaign PC690 and ensure their suspension components are up to spec. While the NHTSA's engineering books may be closed, long-term ownership and safety often rely on vigilance beyond what regulators require. Autoblog Newsletter Autoblog brings you car news; expert reviews and exciting pictures and video. Research and compare vehicles, too. Sign up or sign in with Google Facebook Microsoft Apple By signing up I agree to the Terms of Use and acknowledge that I have read the Privacy Policy . You may unsubscribe from email communication at anytime. About the Author Max Taylor View Profile
