General Motors is overhauling its Chinese line-up with a greater emphasis on electric cars and smart-driving technology to stem a slide in sales after more than two decades of growth in a country that contributes nearly a fifth of its profit. GM's new China boss Julian Blissett told Reuters it would renew its focus on luxury Cadillacs, roll out bigger …
FRANKFURT BMW expects to make a profit this year if demand continues to recover, despite posting a record loss for its car division in the second quarter after sales slumped 25% because of coronavirus lockdowns, it said on Wednesday. “What matters now is how robust this upward trend is and when individual markets will follow suit,” said Chief Executive Oliver …
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