took place in this week a lot of things, of course, which is certainly a good thing, such as after the outbreak, many car companies are back to normal sales achieve new growth of. There are bad things, Changan Mazda recall of vehicles, Subaru will face a class action, and so, let us look in the end what happened?
September 14, Monday: from January to August China car prices and sales TOP15: 10 Jia decline / 5 contrarian growth
recently, the China Association of Automobile Manufacturers released in August 2020, the auto industry’s economic performance. Data show that in August 2020, China’s auto market, car sales 2.186 million, an increase of 11.6 percentage. January-August cumulative sales of 1455.1, down 9.7 percentage. So, how Chinese brand car prices in August sales performance before the head of it? 1 from the Automobile Association released – the August 15 list of Chinese-brand car companies TOP sales seen in the first 15 cars enterprises, there are 10 sales decline, sales of only five appear contrarian growth. Automobile Association data show that the first eight months of this year, Chinese brand passenger car sales totaled 4.089 million, down 21.3 percentage year on year, accounting for market share in other departments in the automotive percentage was 36.2, down 2.7 percentage year on year. But just from the point of view August, Chinese brand passenger car sales to pick up further.
Summary: After the epidemic has been effectively controlled, the domestic automobile market presents two characteristics, 1, automobile consumption increase stamina. 2, the strong stronger and the weak weaker situation will become increasingly evident. So, how to achieve sales growth in the remaining months of 2020, car prices become the target of various challenges and efforts.
September 15, Tuesday: to face a class action? Subaru three kinds of models exist to accelerate defect
submitted to the US District Court of Southern California, documents show, Subaru is facing a federal lawsuit this month, the company was accused its Legacy, Outback models and the forest may exist quot; sudden acceleration quot; defects, and the lawsuit is applying to become a class action.Impacted by this defect midsize car has Subaru Legacy models, from 2012 to 2018 models compact crossover Forester and 2015-2019 models midsize crossover Outback 2015-2019. The lawsuit claims that these vehicles LAN controller software protocol flaw exists, the electronic throttle control not functioning properly. Some consumers still in the US National Highway Traffic Safety Administration (NHTSA) safety regulators had reported similar complaints. Subaru spokesman did not immediately respond to the date of a request for comment.
Summary: Although Subaru sales in the US is growing rapidly, but the quality of the car is still a problem faced by the brand. Subaru is also currently facing several lawsuits, if not well safeguard the interests of consumers, could affect sales.
September 16, Wednesday: After and PSA revise merger terms, FCA shares lifting nearly 8 percentage
September 15 day, FCA shares rose sharply. Prior to FCA and French partner PSA modify the terms of the merger, after the completion of the merger, the cash portion of the FCA shareholders a special dividend of obtaining drop from 5.5 billion euros to 2.9 billion euros. However, PSA terms will be held by auto parts maker Faurecia shares of the spin-off plan postponed until after completion of the merger, PSA holds a 46 percent stake in Faurecia, whose market capitalization of about 5.8 billion euros . According stake in the new group Stellantis 50:50, FCA Faurecia and PSA will receive 23 percent of the shares. The two companies also further confirmed that the merger is expected to close before the end of the 2021 first quarter. September 15, FCA shares lifting nearly 8 percentage, PSA shares were 1.5 percentage lift.
Summary: After modifying the terms of the merger, FCA’s share price as it improved a lot, but the above-mentioned merger still faces competition investigation in Europe, after the merger the two companies may be forced to transfer part of the van business.
September 17, Thursday: because quot; pump door quot ;, Changan Mazda to recall nearly 30,000 cars
[123 ] recently, Changan Mazda automobile Co.Secretary under the “defective auto product recall regulations” and “defective auto product recall regulations Implementation Measures” requirements, filing a recall plan to the State Administration of market supervision and management. Since the 2020 October 30 to recall some Angkesaila Mazda 3 and Mazda CX-8. Recall: 1, September 13, 2018 – August 30, 2019 Mazda 3 Angkesaila production of some models, a total of 26,444. 2, October 14, 2018 – May 15 2020 production of some models of the Mazda CX-8, a total of 2690. The recall of the vehicle due to insufficient low-pressure fuel pump core density of the impeller, thus resulting in poor low-pressure fuel pump core work. However, as the Changan Mazda Automobile Co., Ltd. will recall the vehicles within the low-pressure fuel pump replaced free of charge after core improvements to eliminate safety hazards through authorized dealers.
Summary: For the automotive industry, automobile recall is a very common thing, which is not only responsible for the owners, is responsible for the car prices. The recall Changan Mazda cars, Mazda sales play a role in promoting a certain extent.
September 18, Friday: owes 150 million loans to the Thai public by banks to court
September 17 day, * ST Thai public announcement that, due to the 150 million of loans and failed to repay interest, creditors Yongkang agricultural firm presented to the public Motors to apply for pre-reforming the court. Currently, the Thai public debt Fangxiang Yong Kang has been submitted to the court of “pre-reforming application”, but notice all the Thai court to accept the registration of pre-reforming matters not yet received. Application for creditors, the public Motors for the company’s own risk tips. First, apply a pre-reformer can be accepted Yongkang court registration, whether the Thai public to enter the pre-reorganization proceedings, pre-reforming the success of uncertainty. Secondly, according to the relevant provisions of the “Stock Listing Rules”, if Thailand 2020 annual financial report issued by the public still can not express an opinion or an adverse opinion of the audit report, the company’s shares will be suspended from listing.
Summary: once helped a Thai public banks, now puts Zotye brought to court, this series of problems surrounding the Thai people makes it difficult to see hope. At present, the public Motors though did not fall, but face multiple difficulties.