MG leads Chinese cars sales boom

Once one of Britain’s automotive icons, MG is now its own convincing argument for buying Chinese

Chinese brands are finally making serious headway in Australia. And leading the belated charge is MG.

The brand once renowned for producing affordable British sports cars is now building and shipping a range of even more affordable hatchbacks and SUVs from China. MG was among the remaining vestige of the UK’s indigenous volume-selling car industry before being acquired by the Chinese and is now owned by SAIC Motor, the massive automotive group that also owns LDV and Roewe.

In 2020, MG has sold 9628 vehicles in Australia, 3653 more than in 2019. That’s an increase of 61.1 per cent for the year to date, in a market that has shrunk by 20.5 per cent. Furthermore, MG’s surge in sales this year accounts for over half the extra volume of Chinese product sold in Australia

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Amazon’s gift guides already have us deal-hunting before Prime Day

Autoblog may receive a share from purchases made via links on this page. Pricing and availability is subject to change.

Amazon Prime Day 2020 is still several days away (October 13th and 14th) so the best deals are yet to come, but in preparation for the two-day main even,t the e-tailer has launched gift guides to pique our interest – the Home Holiday Guide, Holiday Electronics Gift Guide, Holiday Toys List, Fashion Gift Guide, and Beauty Gift Guide. Here are a number of choices from those guides that might come in handy for your car.

Lifeline AAA Premium Road Kit – $25.59 at Amazon.com

Not on sale but this is an essential for any vehicle – for road trips and the everyday. This 42 piece kit includes jumper cables, a flashlight with batteries, a first aid kit, and more all in a compact storage bag

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DSG Global Subsidiary Imperium Motors Announcing Major Strategic Partnership with Skywell Automobile Group Co, Ltd.

DSG Global Actively Pursuing Spinoff/Partial Buyout of Imperium Motors

Surrey, British Columbia, Canada, Oct. 05, 2020 (GLOBE NEWSWIRE) — DSG Global Inc. (OTCQB: DSGT) (“DSGT”), and subsidiary automobile division Imperium Motor Corp., announced that today a strategic partnership with Skywell New Energy Automobile Group Co., Ltd. (Skywell) to exclusively market their electric vehicles to the North American Region. The first vehicle to be introduced will be the new ET5 SUV, announced on September 24, 2020 by DSG Global.

Skywell New Energy Automobile Group Co. Ltd. was founded in 2011. With the manufacturing and sales of large, medium and light buses, passenger cars and related components and parts as the main body, it has gradually become the leading enterprise of China’s new energy automobile industry.

Skywell owns Nanjing Jinlong Bus Manufacturing Co., Ltd., Wuhan Skywell New Energy Automobile Co., Ltd., Shenzhen Skywell Automobile Co.,

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The Number of Past-Due Auto Loans Is Creeping Up

Photo credit: Witthaya Prasongsin - Getty Images
Photo credit: Witthaya Prasongsin – Getty Images

From Car and Driver

  • “Serious” delinquencies are not a threat, consumer credit agency TransUnion says, but there are signs there could be trouble coming up in the world of auto loans.

  • The number of auto loans that are more than 30 days past due has increased, and there are plenty of anecdotal stories about people not being able to pay because of the coronavirus-related economic downturn.

  • Oh, and Americans currently have around $1200 billion in outstanding auto loans. Whew.

The trends say some financial troubles that began for many families with the approach of COVID-19 this spring are starting to retreat, but if you’re a glass half empty kind of person, you’ll appreciate this: new data has come out that shows signs of financial trouble in the auto-loan market.

According to TransUnion’s latest monthly snapshot report that looked at the financial industry in

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September wholesales a cause for optimism



a car parked in front of a building: The sharp recovery in wholesales in recent months has also set the stage for a turnaround in performance for auto companies in Q2.


© Provided by The Financial Express
The sharp recovery in wholesales in recent months has also set the stage for a turnaround in performance for auto companies in Q2.

Indian auto industry witnessed strong pick-up in wholesale volumes in September led by gradually improving retail demand and inventory build-up ahead of the upcoming festive season. Based on OEM volumes, we estimate PVs grew 28-30% y-o-y, 2Ws rose 11-13%, tractors were up 15-17% while M&HCVs declined just 16-20% y-o-y. The sharp recovery in wholesales in recent months has also set the stage for a turnaround in performance for auto companies in Q2.

The strong y-o-y numbers were also boosted by a low base. Among covered OEMs, Sept wholesales were up 31% y-o-y for MSIL, 10-17% for HMCL/BJAUT, 1-4% for TVSL/EIM (Royal Enfield), but fell 1-5% y-o-y for MM/AL.



chart, waterfall chart


© Provided by The Financial Express


We estimate PV industry wholesales rose 28-30%

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On the go: Mobile-based auto insurer Root files for an estimated $800 million IPO

Root, a mobile-based auto insurer, filed on Monday with the SEC to raise up to $100 million in an initial public offering. However, this is likely a placeholder for a deal we estimate could raise up to $800 million.

Root believes that it can challenge the traditional insurance model by using technology to measure risk based on individual performance. The company utilizes a mobile-first engagement strategy, providing a user-friendly interface for customers’ mobile phones.

The Columbus, OH-based company was founded in 2015 and booked $432 million in revenue for the 12 months ended June 30, 2020. It plans to list on the Nasdaq under the symbol ROOT. Root filed confidentially on August 10, 2020. Goldman Sachs, Morgan Stanley, Barclays, Wells Fargo Securities, Credit Suisse, Deutsche Bank, Evercore ISI and Truist Securities are joint bookrunners on the deal. No pricing terms were disclosed.

The article On the go: Mobile-based auto

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Trump needs to set better example

FRANKFORT, Ky. — Now that he’s become infected with the coronavirus, President Donald Trump needs to set a “better example” during the pandemic, and he should start by always wearing a mask in public, Kentucky Gov. Andy Beshear said Monday.

Faced with surging numbers of COVID-19 cases in his state, Beshear urged Kentuckians to accept any inconvenience from donning facial coverings to do their part to contain the virus.

The Democratic governor said he’s looking to the Republican president to belatedly lead by example after Trump’s positive test for the virus last week led to his hospitalization.


“There’re some areas where we need a better example from the president,” Beshear said at a news conference. “First, I’ve been begging for months to have this president wear a mask in public.”

Trump remains popular across much of Kentucky, and Beshear typically has been reluctant to criticize the president. But the governor

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Opinion | Bidencare Would Be a Big Deal

What policy changes are we talking about? To the extent that the Biden plan has received any attention at all, this attention has largely been focused on his proposed introduction of a “public option” — a Medicare-like plan that individuals could buy instead of purchasing private insurance. This option might be a first step toward a single-payer system, but it would be a small step, and in the near term would be much less important than other aspects of the plan.

First and foremost, the Biden plan — Bidencare? ObamaBidencare? — would substantially increase the subsidies that currently help many but not all Americans who don’t get insurance from their employers.

The Affordable Care Act, as passed in 2010, was underfunded, because Democrats wanted to hold down the headline cost. This meant that premiums and co-payments were and are too high for many families. Since then, however, the politics have

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Chemtrade Logistics Income Fund Announces Completion of Further $12.5 Million Partial Redemption of Convertible Debentures

Not for distribution to U.S. news wire services or dissemination in the United States.

Chemtrade Logistics Income Fund (TSX: CHE.UN) (“Chemtrade” or the “Fund“) announced today that it has completed a further early partial redemption of $12.5 million of its 5.25% convertible unsecured subordinated debentures due June 30, 2021 (the “2021 Debentures“). The Fund previously redeemed $100.0 million of its outstanding 2021 Debentures on September 29, 2020. Following completion of today’s redemption, $14.0 million aggregate principal amount of the 2021 Debentures remain outstanding.

About Chemtrade

Chemtrade operates a diversified business providing industrial chemicals and services to customers in North America and around the world. Chemtrade is one of North America’s largest suppliers of sulphuric acid, spent acid processing services, inorganic coagulants for water treatment, sodium chlorate, sodium nitrite, sodium hydrosulphite, and phosphorus pentasulphide. Chemtrade is a leading regional supplier of sulphur, chlor-alkali products, liquid

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Amazon’s toy guide has everything from ride-on bikes to game consoles

Autoblog may receive a share from purchases made via links on this page. Pricing and availability is subject to change.

Amazon Prime Day 2020 is still several days away (October 13th and 14th) so the best deals are yet to come but in preparation for the two-day main event the e-tailer has launched gift guides to pique our interest – the Home Holiday Guide, Holiday Electronics Gift Guide, Holiday Toys List, Fashion Gift Guide, and Beauty Gift Guide. We searched all of Amazon’s gift guides (spoiler alert – we didn’t find anything auto-related in the beauty guide so we’ll just defer to the experts for that one) to curate an automotive-themed list of our favorite gift ideas and some of the best pre-Prime Day deals. 

Within Amazon’s Holiday Toy list you can search for gift ideas by age group or you can shop by

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