(Bloomberg) — Demand for cars in China is going from strength to strength, making the automobile market in Asia’s biggest economy a lone bright spot as the coronavirus pandemic puts a damper on sales in Europe and the U.S.



a group of people standing on top of a car: A customer speaks with a sales agent while standing between a Ford Motor Co. Everest sport utility vehicle (SUV), right, and a Mustang sports car on display at a Ford dealership in Shanghai, China, on Thursday, July 19, 2018. The fledgling U.S.-China trade war will take a toll on companies from both sides, with some tariffs in place and the potential to escalate into consumer boycotts.


© Bloomberg
A customer speaks with a sales agent while standing between a Ford Motor Co. Everest sport utility vehicle (SUV), right, and a Mustang sports car on display at a Ford dealership in Shanghai, China, on Thursday, July 19, 2018. The fledgling U.S.-China trade war will take a toll on companies from both sides, with some tariffs in place and the potential to escalate into consumer boycotts.

Sales of sedans, SUVs, minivans and multipurpose vehicles jumped 7.4% in September from a year earlier to 1.94 million units, the China Passenger Car Association said Tuesday. That’s the third straight monthly increase, and it was driven primarily by demand for SUVs.

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As the latest masterpiece from GAC MOTOR, the new car embodies its ingenuity and experience over the last 12 years during its development. The GA8 has demonstrated extraordinary strength in its body frame and design, handling, and overall driving experience. This car is built to impress and will no doubt be a world-class luxury product for Saudi Arabia’s consumers.

For many local drivers, a car is not merely a means of transportation. Instead, their cars reflect the expectations and hopes they have for their lives. They look for a vehicle that highlights their value, identity, style, and capability. Thus, the car they drive is essential as a business card to prove worth in a tangible way.

As a modern masterpiece that incorporates international experience and resources while pushing R&D’s boundaries, the all-new GA8 represents the best of modern car manufacturing. The car’s rigorous design aims to provide the best experience

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The Maharashtra government has decided that it will shift the metro rail car shed from Aarey in Western suburbs of Mumbai to Eastern suburbs of Kanjumarg.

At the new site, land is being provided free of cost to the Mumbai Metro Rail Corporation Ltd, said Chief Minister of Maharashtra Uddhav Thackeray on Sunday.

He was addressing the people of Maharashtra via a web link. Ever since the outbreak of the pandemic, Thackeray has been intermittently addressing the people on Sunday afternoons updating about the various decisions taken by the State Government.

The Metro rail car shed from Aarey was vehemently opposed by environmentalists due to the presence of a large number of trees at the site. They took a view that it was a degraded forest, which needed to be saved. Their contention was that destruction of the habitat in Aarey could lead to an enhanced flooding of the Mithi

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Shift Technologies Inc. Chief Executive George Arison didn’t even know what a SPAC was until last year. Now, his San Francisco-based online marketplace for used cars is hopping aboard the blank-check train on its way to becoming public. 

Special-purpose acquisition companies, also known as SPACs or blank-check companies, have been around for decades, but have made a big comeback this year amid the pandemic, thanks to low interest rates and stock-market volatility. Sports-betting operator DraftKings Inc.
DKNG,
-4.51%
,
 electric-vehicle maker Nikola Corp.
NKLA,
-1.36%
,
electric-truck powertrain maker Hyliion Holdings Corp.
HYLN,
-3.94%

and space-flight company Virgin Galactic Holdings Inc.
SPCE,
-3.12%

are among the companies that have gone public via the SPAC route. 

SPACs raise money in an initial public offering, then look to buy businesses, usually within a couple of years. When a SPAC finds a business and successfully negotiates the transaction, the two merge and the

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Metro General Manager Paul J. Wiedefeld informed board members of the decision in a letter, a copy of which was obtained by The Washington Post.

Terms of the contract have not been finalized, and Metro declined to comment further because the two sides are in negotiations.

“The 8000-series rail car procurement process remains active, and we are unable to comment at this stage of the process,” Metro spokesman Dan Stessel said. “We are excited to share information with Metro riders as soon as a contract is awarded.”

Metro plans to order 256 cars, with an option to purchase up to 800. The transit agency told bidders that it will incentivize the building of a local assembly plant for the project, which could potentially last beyond the transit agency’s contract and become a source of new rail cars and jobs for years.

Hitachi Global is a more than 100-year-old Japan-based corporation

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LOS ANGELES, CA / ACCESSWIRE / October 6, 2020 / Norvin Nazari is a successful self-made entrepreneur. He was born and raised in Los Angeles, CA in a Persian-American household. From a young age, Norvin knew he wanted to be a businessman and started getting involved in the business world at 14 years old. At age 18, he got his first job in car sales at Audi, where he found his passion for selling cars. This passion, along with his motivation to build his own business, led Norvin to quit his job and open his own auto brokerage business, Modi Auto Group, Inc, without any financial backup. Norvin knew that there were better ways to help people get their dream car, and with his previous experience, he was able to apply his knowledge to offer the best deals and services.

“I wanted to create a service where people can buy

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If you live in Turkey or Pakistan and are looking to sell your car, the world’s biggest independent oil trader wants to make a deal.

Vitol Group, which traded more than 8 million barrels of oil and petroleum products a day in 2019, is getting into the used-car business.

The storied trading house, founded more than 50 years ago in Holland, has launched a new venture called Vava Cars. It’s on a mission to become the most trusted car transaction platform in the world, the company says on its website.

The used-car start-up is the latest example of how the worlds biggest energy traders are trying to diversify their core business of buying, blending and transporting oil and refined hydrocarbon products amid the transition to greener fuels.

While Vitol has said it doesn’t expect global oil demand to peak until at least 2030, it has already moved aggressively to diversify

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Tesla Inc.’s plan to build a $25,000 car within the next three years doesn’t seem to have fazed China’s most-promising electric vehicle startups, with executives at the Beijing Auto Show saying Elon Musk can bring it on.

“It’s a good thing for us,” WM Motor Co. founder and Chief Executive Officer Freeman Shen said. “We are very happy Tesla came to China because Tesla is just like Apple in the early days, they educate the whole market.”

Just as Apple Inc.’s share in the mobile-phone market has been eroded by local players like Xiaomi Corp., Oppo and Huawei Technologies Co., so too will Tesla’s, however over a longer time horizon, Shen said. Tesla’s slice of the “mainstream” electric vehicle market will significantly decrease in five to 10 years, he said.

Where WM Motor will be by 2030 isn’t certain either. The company earlier this month raised $1.5 billion in a

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(Bloomberg) — For two years, falling sales seemed to spell the end for China’s time as the world’s most vital car market. Then came the coronavirus, followed by a swift recovery that’s left Europe and the U.S. in its dust.

Now — more than ever — China is the focus of the hopes of automakers around the globe. Sales of passenger cars in Asia’s largest economy have increased for two months, while the other major markets have continued to shrink, with Europe slumping 18% in August. And China is set to be the first to bounce back to 2019 volume levels, albeit as late as 2022, according to researchers including S&P Global Ratings. All the while maintaining its hefty lead over Europe and the U.S.



a screenshot of a cell phone: Increasingly Crucial


© Bloomberg
Increasingly Crucial

The world’s biggest car market since 2009, China can still grow for the foreseeable future because of its relatively low penetration

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  • Ring has announced a new security camera for the car called the Ring Car Cam, which can monitor vehicles while parked or in transit.
  • The camera has a feature called Traffic Stop, which prompts the camera to start recording and alerting designated contacts after hearing the trigger phrase “Alexa, I’m being pulled over.”
  • The launch comes as Ring’s partnerships with police departments across the US has drawn scrutiny from civil rights activists, lawmakers, and privacy advocates.
  • Visit Business Insider’s homepage for more stories and check out our list of everything Ring launched here.

Amazon-owned security camera maker Ring is launching a new device for the car that can monitor vehicles whether they’re parked or in transit, marking the company’s first major expansion outside of the home.

The $200 Ring Car Cam also includes a feature called Traffic Stop, which enables the device to record an interaction with police, alert designated

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