Automakers See Promise In China Car-Sharing

Unable to afford a car, Shanghai university student Long Yi faces a lengthy, expensive commute across his vast city but has found a solution in the car-sharing schemes quickly gaining momentum in China. Essentially an Internet Age twist on car rentals, car-sharing is growing rapidly from virtually nothing two years ago as Chinese millennials seek … Read more

Global Carmakers Converge On China As Rare Slowdown Looms

Global carmakers converge on China for the Shanghai auto show this week, with the industry bracing for a sharp sales slowdown and potential price war as competition stiffens in the world’s biggest car market. Manufacturers have reaped a windfall as the fast-expanding Chinese middle class hits the road, but clouds loom as Volkswagen, Toyota, GM, … Read more