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How the Chinese tycoon driving Volvo plans to tackle Tesla

How the Chinese tycoon driving Volvo plans to tackle Tesla

HANGZHOU, China — “Do you know how big Volvo is?” asked Don Leclair, finance chief at Ford. It was 2008, and Leclair was responding to an offer from a little-known Chinese businessman to purchase the Swedish carmaker, which Ford owned. The businessman, Li...
U.S. Roads in 2021 Are Most Dangerous in a Decade, Says NHTSA

U.S. Roads in 2021 Are Most Dangerous in a Decade, Says NHTSA

The signs have been there since the COVID-19 pandemic started, but with more people driving badly and driving habits changing, the number of fatalities in the first quarter of 2021 was the highest since at least 2009.The number of fatalities that happened in the first...
Evergrande’s billionaire boss exudes calm as debt risks grow

Evergrande’s billionaire boss exudes calm as debt risks grow

HONG KONG — Mingling with power brokers at celebrations to mark the centenary of the Chinese Communist Party on July 1, a beaming Hui Ka Yan showed no signs that his company, China Evergrande, was facing mounting pressure with debt repayments. Hui, wearing a navy-blue...
Stellantis moves to set up its own lending unit

Stellantis moves to set up its own lending unit

Stellantis is buying Houston-based auto lender First Investors Financial Services Group to set up its own finance arm in the U.S., a move that should support sales and eventually boost profit. The only major traditional automaker in the U.S. without its own finance...