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Daimler Truck Holding AG, a German truckmaker, may lower its annual forecast due to weak demand in China. The company has taken an impairment charge on the value of its joint venture in China, resulting in a negative non-cash impact of €120 million ($131 million) on its truck and industrial business in Asia. Daimler Truck's full-year guidance is currently under review. The slowdown in China's economy is affecting various industrial businesses in Germany, and Daimler Truck's shares fell by 4% in response to the news. [Extracted from the article]

Daimler Truck Holding AG, a German truckmaker, may lower its annual forecast due to weak demand in China. The company has taken an impairment charge on the value of its joint venture in China, resulting in a negative non-cash impact of €120 million ($131 million) on its truck and industrial business in Asia. The slowdown in China's economy is affecting various industrial businesses in Germany, and Daimler Truck's full-year guidance is currently under review. The company's preliminary second-quarter earnings before interest and tax were €1.08 billion, lower than the expected €1.25 billion. [Extracted from the article]

China has not retaliated against the European Union's probe into Chinese support for electric vehicles (EVs), despite initial concerns from European carmakers. This is likely due to the pressure China's oversupplied EV market is facing, exacerbated by Tesla's price war. Chinese carmakers are now shipping more EVs to Europe, where they fetch higher prices compared to their home region. China's dominance in plug-in vehicle production positions it to challenge Japan for the global lead in automotive exports. The EU's investigation into Chinese EV aid marks a low point in trade relations between China and Western nations, but Chinese officials have taken a non-aggressive stance in recent trade talks. However, if tariffs are imposed, it could have painful consequences for global carmaking, as Western carmakers also ship cars from China to Europe. [Extracted from the article]

The article discusses the impact of the purchase of the Volvo automobile brand from Ford Motor Company by the Zhejiang Geely Holding Group Co. Chinese car manufacturer headed by Li Shufu. Volvo's 2017 sales and profits are scrutinized, information is offered on a Volvo manufacturing plant outside Charleston, South Carolina, and the history of Volvo and Geely is examined and compared. Chinese sales of Volvo cars are tallied and planned model releases are described.

Syngenta has now furnished the Shanghai exchange with the requested earnings documentation and an update on the IPO timeline is set to be given this week, a person familiar with the transaction said. (Bloomberg) -- Syngenta Group's plan for an initial public offering has hit a roadblock after the Shanghai Stock Exchange suspended the company's application pending an update to information about its earnings. [Extracted from the article]

(Bloomberg) -- Syngenta Group's plan for an initial public offering has hit a roadblock after the Shanghai Stock Exchange suspended the company's application pending an update to information about its earnings. Syngenta's snag adds to a growing list of Chinese IPOs put on ice in the wake of a governmental crackdown on the country's technology companies. [Extracted from the article]

(Bloomberg) -- The European Union is pushing for the continent to establish its own supply of rare earths to reduce an uneasy reliance on China for the elements crucial to electric cars, wind turbines and mobile phones. "The EU depends on others -- mainly China -- for the import of permanent magnets, as well as the rare earth elements they are made of.". [Extracted from the article]

(Bloomberg) -- European automakers are in discussions with Australian rare earths explorer Arafura Resources Ltd. about sourcing elements that help power electric cars from outside China, which dominates global supply. Crucially, Arafura plans to process ores close to its site, ensuring direct oversight of the treatment of toxic waste products at the project it bought in 2001. [Extracted from the article]

The article examines the expansion efforts of Contemporary Amperex Technology Ltd. (CATL), a Chinese electric vehicle (EV) battery manufacturer. It discusses the company's plan to go public to help finance its $1.3 billion battery production complex in Ningde, China that will allow it to outproduce competitors.

The article discusses the affect that Chinese government's environment policy has on increasing electric car sales and on the electric car industry in China, including the development of electric cars with Chinese brand names. An overview of the Chinese government's financing of new-energy vehicles (NEVs), including through subsidies and tax rebates for consumers, is provided.

There's another hard economic truth facing recycling companies and vehicle manufacturers alike. Unlike in the U.S. and Europe -- where high transport and energy costs are a burden -- recycling vehicle batteries is profitable in China, based on the value of the raw materials alone. One Chinese player is Ganzhou Highpower Technology Co., which plans to raise recycling of used-car batteries sixfold next year, part of an ambitious plan by the government to boost recycling power to 1 million tons annually by 2030 from about 60,000 tons now, according to BloombergNEF. [Extracted from the article]

(Bloomberg) -- Beijing Automotive Group Co. is poised to get a 5% stake in Daimler AG, the automaker's long-standing partner in China to affirm their cooperation. Since 2005, BAIC and Daimler have set up a number of cooperations in China, including the joint venture Beijing Benz Automotive Company that produces premium cars in the world's biggest car market. [Extracted from the article]

Swedish carmaker's CEO says Geely offers insight, competence Geely invested 3.25 billion euros ($3.7 billion) in Volvo in December 2017, adding to Chinese billionaire Li Shufu's growing global footprint. [Extracted from the article]

Sales of Cayman, Boxster in China doing "extremely well" Porsche says its classic two-door sportscars are starting to take off on the traffic-clogged streets of Beijing. [Extracted from the article]

The carmaker plans to begin producing its first all-electric sport utility vehicle, dubbed the iX3, in 2020 at its joint-venture plant in the northern city of Shenyang, and will sell the model abroad, according to partner Brilliance China Automotive Holdings Ltd. The government's Made in China 2025 development drive is giving foreign carmakers more confidence their local joint-venture factories have the technology suitable for exports. [Extracted from the article]

Such a move would benefit new competitors like Tesla Inc. and late China-arrivals like Fiat Chrysler Automobiles with no or limited joint-venture production in China. The "50:50 rule" has been a cornerstone for China's auto industry since 1994, designed to buy local auto makers time to gain the technology and build their brands before giving overseas companies unrestricted access. [Extracted from the article]

Rivals discussed stake plan before Geely's purchase: Zetsche Li also owns Swedish manufacturer Volvo Car AB, whose CEO said at the show that he's keeping a distance from Mercedes-Benz owner Daimler because they're competitors. [Extracted from the article]

Compact sedan to be built in China to compete with BMW, Audi Separately, Daimler is in talks with potential partners to extend its car-sharing ambitions in China, after starting a pilot project in 2015 in the central city of Chongqing with 500 vehicles under the Car2Go brand. [Extracted from the article]

China's Great Wall said in talks to make iconic British brand BMW AG's discussions over making Minis in China could deal a blow to the quintessentially British brand's U.K. operations, already under threat because of Brexit. "I can't see BMW, or any other carmaker currently manufacturing cars in the U.K., to commit incremental resources as long as future trading conditions remain up in the air". [Extracted from the article]

The vehicle would bring top-of-the-line Mercedes technology for fuel efficiency and driver comfort and safety to China in a sign that Daimler sees the market maturing. In addition to selling Mercedes trucks in Europe, Daimler is the market leader in North America with the Freightliner nameplate, while its Fuso unit sells medium-duty vehicles in Asia. [Extracted from the article]