Chongqing Changan Automobile forecasted to suffer 2019 net loss of over RMB2.4 billion

Shanghai (Gasgoo)- Chongqing Changan Automobile Co., Ltd. (Changan) reported it is expected to suffer an annual loss of RMB2.4 billion-2.9 billion for the year of 2019, a year-on-year slump of 452.56%-526.01% from a net profit of RMB680,728,400 attributable to shareholders for the previous year. As for the reason leading to the huge profit drop, much of the blame has been laid on the “sales volume slid”, according to Changan’s statement. Last year, the Chongqing-based automaker saw its full-year sales fell 15.2% over a year ago to 1,759,971 units. Among five major subsidiaries, only Hefei Changan closed its 2019 with a rising sales performance. Notably, the sales of the main profit contributor Changan Ford were more than halved over the year-ago period. To put sales back on track, the Sino-U.S. joint venture is speeding up the roll-out of new products. After three new models—the all-new Focus Active, the all-new Taurus and the new Edge ST/ST-Line—hit the market in last August, Changan Ford showcased the strategic model, the all-new Ford Escape, at the Auto Guangzhou 2019. Although the performance throughout the whole year plunged, Changan Ford gained a tiny growth of 0.7%...

Commercial electric vehicle manufacturer BYD Motors is known for its electric buses, but the company is

Commercial electric vehicle manufacturer BYD Motors is known for its electric buses, but the company is investing in facilities to bolster its electric forklift business. The company said Jan. 30 it will construct a 50,000-square-foot facility in Rancho Dominguez at 18910 Wilmington Ave which is expected to open later this year and hold office space, warehouse space and facilities for demos and training. “This expansion will help us build and strengthen our relationships and give us an important opportunity to showcase the variety of top-notch material handling equipment built by BYD,” Terry Rains, director of BYD’s North American forklift division, said in a statement. “BYD has been revolutionizing the material handing market and our extraordinary technology turns the industry inside-out,” added Rains. BYD claims its forklifts can reach full charge in 90 minutes or less. In addition to its most popular commercial vehicle, the electric bus, BYD also manufactures electric trucks, cars, and rail systems. Its Lancaster electric bus division was formed in 2013 and has sold more than 460 electric buses to customers in Southern California to date. The company operates thr...

Case activity for Clivens Chery vs Ionnais Trikoupis on June 24

Bringing the legal system to light. Our weekly newsletter sheds light on the lawsuits, people, and organizations that continually clog the legal system in Pennsylvania. ‘Complaint Against Ionnais Trikoupis (filing Fee $400 Receipt Number Ppe199474) Filed By Clivens Chery. (attachments: # 1 Civil Coversheet, # 2 Designation Form, # 3 Case Management Track)(mbh, )’ Case number 2:19-cv-02794-NIQA was filed in the U.S. District Court for the Eastern District of Pennsylvania on June 24. Sign-up Next time we write about U.S. District Court for the Eastern District of Pennsylvania, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time. By signing up you agree to receive email newsletters or alerts from Pennsylvania Record. You can unsubscribe at any time. Thank you for signing up for Pennsylvania Record Alerts! Please select the organization you wish to subscribe to. GM We will email you whenever we publish an article about this organization. You may update or cancel your subscription at any time. Steering Rack, Lhd Steering Rack, Steering Pump, Drive Shaft, Propeller Shaft – Naifu,http://www.nfyo.com/