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Didi Chuxing files for July IPO

Didi Chuxing has filed to go public in what could be one of the largest tech initial public offerings (IPO) this year. The Chinese ride-hailing app released its prospectus at…

CLEPA re-elects Thorsten Muschal as president

European Association of Automotive Suppliers (CLEPA), has re-elected Thorsten Muschal (Faurecia), as president for a second term. The component body also confirmed several leadership mandates and new association membership applications…

China sales fall 3% in May

China’s new vehicle market declined by 3.1% to 2.128m units in May 2021 from 2.194m in the same month of last year, according to passenger car and commercial vehicle wholesale…