The new limit policy has officially landed.

Editor’s note: This article is from “Future Car Daily” (WeChat public ID: auto-time), author: Zhang.

Carmen Newsletter | Volkswagen China launched a new logo; GM recalled 638,000 SUVs and pickups due to brake failure

Organization | Zhang Yi

Headline

Nissan Motors Appoints New Chief Financial Officer

On November 1, Nissan Motor announced that it had appointed American Steven Ma as the next chief financial officer and also announced a series of executive changes including Hitoshi Kawaguchi. Earlier this month, Nissan appointed China’s head of operations, Uchida, as the company’s new president and chief executive officer. (Future Car Daily)

Features

People’s Affairs Adjustment of Hyundai Motor Group, Li Guangguo to oversee China’s business headquarters

On October 31, Sina Auto learned from the official of Hyundai Motor Group that Li Guangguo, the head and vice president of Hyundai Motor Korea’s business headquarters, was promoted to be the president, responsible for coordinating the overall affairs of Hyundai Kia Motors China’s business headquarters. At the same time, Hyundai Motor Group also hired Sven Patuska, who has served as the head of the Volkswagen Group’s R&D project in China, and served as director of the Hyundai-Kia Motors China Institute of Technology. The personnel adjustment of Hyundai Motor Group is mainly aimed at the Chinese market. Through the transformation of the organizational structure of the group leadership, it will enhance its ability to respond to the Chinese market and its competitiveness. (Sina Auto)

Mazda cut its annual operating profit to 60 billion yen, a 30% decrease from the previous year

November 1, due to sales fatigue in the US and ChinaSoft, Mazda expects fiscal year profit to fall 30% from 82.3 billion yen a year ago. The company expects its operating profit to reach 60 billion yen ($555.4 million) in the fiscal year ending March 20, 2020, lower than the previous forecast of 110 billion yen, and lower than Refinitiv’s 20 analysts. The survey’s average forecast of 69.5 billion yen. (Reuters)

FCA’s third quarter revenue was 27.322 billion euros with a net loss of 179 million euros

On October 31, Fiat Chrysler Automobile Corporation (FCA) released its third quarter earnings report. The financial report shows that the company’s third quarter revenue of 27.322 billion euros, down 1% year-on-year; net loss of 179 million euros, net profit of 5.14 euros in the same period last year. The company’s total shipments in the third quarter were 1.059 million units, down 9% year-on-year. Among them, the Asia-Pacific region shipped 35,000 units, down 24% year-on-year. (Future Car Daily)

Volkswagen China launches the new flat logo logo, which will be launched on ID.3

On October 31, the official official website of Volkswagen China officially announced the new Volkswagen Logo, which was designed in a flat style. Klaus Bischoff, chief designer of the Volkswagen passenger car brand, said: “The brand new brand design uses a perceptual approach that represents a more pure connection between people and future electric travel. We will adhere to the principle of digital priority and keep it true. The beauty of the show, to show the future of Volkswagen.” The new logo will be launched on the Volkswagen ID. family’s first production model ID.3. (Future Car Daily)

General recalled 638,000 US SUVs and pickups due to brake problems

General Motors said on October 31 that it will recall 6 because the wheel speed sensor may be malfunctioning and cause accidental braking.