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Chinese car giants team up on a ridesharing platform
It's not just Western automakers jumping head-first into transportation services. Three of China's largest car brands (Chongqing Changan, Dongfeng and FAW Group) have launched a venture that will create a ridesharing platform. T3 Mobile Travel Services will bring in partners from other fields to create the Uber-style service, and it'll unsurprisingly take advantage of the country's burgeoning self-driving car industry.
China halts production of 553 car models over fuel efficiency
The new year is proving to be a headache for some car makers in China. As of January 1st, the country has suspended production of 553 car models that didn't meet its fuel efficiency standards. Some of these come from partnerships with foreign heavyweights, including Beijing Benz Automotive, Chery and FAW-Volkswagen. It's not certain how soon those companies might restart production lines, although that likely involves finding powertrains that meet fuel consumption targets.