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Depending on how extensive that easing is, annual pickup demand in China could double or triple even if limited parking options hobble demand in the country’s biggest cities like Shanghai, executives and analysts say. “If China allows pickup trucks to enter central areas in more cities, the market could grow to 1 to 2 million units a year,” said Yale Zhang, head of Shanghai-based consultancy Automotive Foresight. Great Wall’s new leisure pickup would be similar to Ford’s mid-sized Ranger and priced at more than 200,000 yuan ($29,800), a mark up of at least 70 percent over its current most expensive pickup, sources familiar with the plan said.
“We aim to make this higher-end pickup feel more like a passenger vehicle and it will have an interior design like our SUV models,” said one source, According to a separate source, the vehicle is part of the company’s plan to eventually enter the United States, although the model would likely have to be modified, Great Wall had aimed to enter the U.S, market in 2021 but U.S.-Sino trade tensions have currently made exports from China uneconomical, Ford plans to launch a new pickup in China this cufflinks depot year, adding to the F150 Raptor which it introduced in early 2017 and the Ranger which was launched in 2018, Sales for the Raptor, priced from 466,800 yuan ($69,565), tripled to nearly 2,500 vehicles last year, the company said, It declined to disclose sales for the Ranger which sells from 305,800 yuan ($45,570)..
“Ford continues to see growing opportunities in China’s pickup truck market, because of a combination of regulatory conditions and growing consumer interest,” a spokesman said in an e-mailed statement. With China pushing the development of electric vehicles hard, some domestic makers have joined Great Wall in looking at electric pickups, including Ford partner Jiangling Motors and Volkswagen partner JAC Motors. Zhejiang Geely Holding Group Co Ltd is developing a new electric pickup, a company source told Reuters, adding it would be made by its Yuan Cheng Auto unit. The source, who declined to be named as the plans are not public, did not provide further details.
(Reuters) - A Southwest Airlines Co Boeing 737 MAX 8 heading to the California desert for parking during a global ban of the aircraft made an emergency landing on Tuesday due to an engine-related problem shortly after take-off, the carrier said, It did not have any passengers and the issue was not related to a computer system on the 737 MAX aircraft that has come under scrutiny following two fatal crashes, one on Lion Air and another on Ethiopian Airlines, since October, the airline said, “The crew followed protocol and safely cufflinks depot landed back at the airport,” Southwest said in a statement..
Southwest Flight 8701 returned to Orlando International Airport just before 3 p.m. ET (1900 GMT) after pilots reported a performance issue with one of the engines, the airline said. The flight was scheduled to fly from Orlando to a logistics airport in Victorville, California, near the Mojave desert, where Southwest began flying its fleet of 34 MAX jets for storage. The U.S. Federal Aviation Administration grounded the 737 MAX following the two crashes but has allowed airlines to conduct flights without passengers to move planes to other airports.
TOKYO (Reuters) - A committee tasked with revamping corporate governance at Nissan Motor Co is expected to recommend on Wednesday a bigger role for external directors in overseeing the Japanese automaker following Carlos Ghosn’s arrest cufflinks depot and ouster as chairman, The independent panel will announce the results of its three-month audit of Nissan’s governance-related procedures, as the company seeks to draw a line under a near two-decade-long period during which Ghosn wielded outsized influence in his dual roles as its chairman and CEO for much of that time..
To decentralize the power structure at Japan’s second-largest automaker, the seven-member committee will likely also suggest that the company establish committees for board member nominations, auditing and for determining executive pay, according to a person familiar with the matter. It may also recommend splitting the positions of company chairman, a role held by veteran top executives, and chairman of the board, who presides over board meetings, and that the latter position should be held by an external director.
The committee was not immediately reachable for comment, but has previously declined to comment on the matter, It will hold a briefing on Wednesday evening to release the recommendations, Like executives at many Japanese companies, Ghosn held both chairmanship positions at Nissan, adding to his influence at the automaker, Nissan has said that too much power had been concentrated on Ghosn, one of the most feted executives in the global auto industry who orchestrated Nissan’s financial recovery in the early 2000s cufflinks depot and created the blueprint for the automaking alliance between Nissan and France’s Renault SA..