If COVID-19 is contained soon, Toyota might turn into the main automaker in 2020 because of Volkswagen’s excessive exposure to the Chinese market. Anhui Jianghuai Automobile (JAC) Group is a Chinese state-owned car manufacturer which was ranked 50th among the prime one hundred global car manufacturers in 2018. It expects sales of new power automobiles to account for 20 {0995643d07225b844baadbc1e6b0d2b8ea73bc2bd98af3cca8b20a61a6b88544} of its complete gross sales quantity by 2020 and 30 percent by 2025. The proposed merger of Fiat Chrysler (FCA) and Renault would create an automotive powerhouse, as two giants of the motoring world be a part of forces to take on the likes of Volkswagen, Toyota and General Motors. The new firm can be a “world chief in the quickly altering automotive industry with a strong position in remodeling technologies, including electrification and autonomous driving”, said FCA in an announcement.
Zotye International Automobile
Toyota Motors has a commitment in …