Archive for October, 2009
Chery Fulwin officially launched
The previous Chery Fulwin was Chery’s first car they ever produced. Based on a legally bought Seat Toldeo platform, which was essentially second hand goods from VW, Chery envisioned their car building future would be bright and set about looking for an engine for their new Toldeo. They settled on the outgoing Ford Escort engine [...]
SAIC sales up 78.2% in third quarter, on course for 2 million car sales this year
Shanghai Automotive Industry Corporation (SAIC) is on set to sell 2 million cars this year thanks to its joint ventures with both VW and GM, as well as its own developed cars. Sales of SAIC built vehicles soared in the third quarter of this year by 78.52% over the same period from last year. Sales [...]
Brilliance losses at 9 billion RMB in the first half of the year
Brilliance Auto Holdings are set to split up their MPV and car producing activities to slow down losses, according to their announcement to the Hong Kong stock exchange yesterday. Brilliance Auto Holdings, which is a holding corporation for the Jinbei MPV/Van and the Brilliance car making operations is set to sell its 51% stake in [...]
Sinopec hit by big loss
There is also a rumor that Sinopec will petition the government to raise the price of gas again in China From The China Daily Asia’s largest refiner Sinopec incurred losses in its refining business in October because increases in domestic fuel prices haven’t caught up with gains in crude costs, a company official said yesterday. [...]
Geely stock rising over speculation
So says Reuters: SHANGHAI, Oct 29 (Reuters) – Geely Automobile (0175.HK), whose shares have soared as its parent’s bid for Ford’s (F.N) Volvo, could win a valuable brand if the bid succeeds, but could take years to see profits from the loss-making Swedish carmaker. Home-grown Geely, which means “lucky” in Chinese, is hungry for modern [...]
Indycar heading to Qingdao, China, in a street race
Indycar, the American motorsport that nobody other than Americans really watch, is pondering an entry into China in 2011 to garner Chinese fans. Indycar’s cars are much like F1′s with large wings, and prominent airboxes, except Indycars mostly go around in circles rather than giant tracks with tight corners and long flat straights. The info [...]
Geely preferred bidder for Volvo
The Volvo-Geely saga is practically a year long drama, will it ever end? Perhaps the end is coming close with Ford announcing that Geely are the preferred bidder for the Sweedish car maker: Zhejiang Geely Holding Group Co. Ltd., a privately-owned Chinese automotive company, today welcomed Ford Motor Company’s decision to name it as the [...]
Volvo suppliers threaten to pull the plug
Could the major obstacle to Ford selling Volvo to Geely be the issue of suppliers, who are threatening to stop supplying parts to Volvo should Geely become the new masters? From Bloomberg: Oct. 29 (Bloomberg) — Volvo Cars, Sweden’s third-largest private employer, may lose contracts with some suppliers unless Zhejiang Geely Holding Group Co., the [...]
Greatwalls first sedan – rendered pleasure
Greatwall’s first concept sedan was a real wowser at the Shanghai Auto Show earlier this year, however it seems that one has been shelved in favour of another, smaller sedan which is more than likely to capture the peoples attention with a smaller displacement engine. The sedan, codenamed CH041, is expected to go into production [...]
JAC super cute super mini to launch this year
JAC’s first super mini maybe a familiar sight to some CCT regulars, especially around the rear end which does strike a resemblance to the Toyota Aygo which both Geely and BYD took a shine to. The below mini car is named the Yue Yue (悦悦) and will launch towards the end of the year according [...]
Renault to launch Laguna Coupe and Clio in China
Renault have not had mass market sales in China yet, but they are catering to a niche market of French car fans. The proposed Renault-Dongfeng JV has been put on the back burner once again leaving Renault with the only option of importing cars into China. Their current range in China consists of the Megane, [...]
The littlest 550: Roewe 350 spotted again
The Roewe 350 is likely to be getting ready for its launch at the Guangzhou Auto Show next month, where we will see its transformation from concept car to production car. However, the Roewe 350 has been spotted out yet again: Roewe fans will notice that this is the first time that the 350 interior [...]
Chinese high speed trains to bring the nation together
I will miss those old rickety East German trains that took me across the length and breadth of China when I was a mere whipper snapper, but the new Harmonious Bullet Trains are certainly awesome. Newsweek elaborates some more about the future expansion of the high speed network: For decades, rail travel in China meant [...]
Geely’s Li Shu Fu considered a global player in auto production
So says The Telegraph: The chairman and founder of China’s biggest privately owned car firm is the self-styled Henry Ford of China. Geely, alongside car makers such as Shanghai Automotive Industry Corporation and Beijing Automotive Import & Export Corporation, is leading the rise of the BRIC (Brazil, Russia, India and China) nations in the sector. [...]
Fudi produce ugliest vehicle in 2010
There are quite a few vehicles going around the roads here in China that make you wonder what on earth the owner was actually thinking when they walked into the dealership and said “I want that one“, usually my ugly car mirth is saved for my personal ugly favourite, the Peugeot 207 sedan, but now [...]
Buick HRV, practically naked aside for tape covering its modesty
The Buick HRV is lining up to become one of the best looking compact cars in the Chinese market for 2010, especially with its handsome powertrains that are going to be both cheaper, and more powerful than the competition in its segment. Apparently the new HRV is in pre-production testing and will launch at the [...]
BAW to put Saab 9-5 into production in China
According to media reports, BAIC the company which bought SAAB with the Swedish car maker Koenigsegg are planning to take the last generation Saab 9-5 and produce it here in China once the latest one has been launched in Europe around April next year. Information on the production of the last generation Saab 9-5 is [...]
Chinese kids to salute all passing cars
The NY Times is reporting on one Chinese city’s plans for making children more car aware; make them salute all passing cars. Apparently Chinese netizens don’t like the idea, but CCT certainly does! It’s a brilliant idea to make children aware of traffic in the city: HUANGPING, China — All the students at Luolang Elementary [...]
Rolls Royce Ghost to sell for 3.99 million RMB
The Rolls Royce Ghost was announced during the 2009 Shanghai Auto Show where it received quite a welcome from fans of super luxury cars in the PRC. Pricing for the Ghost was released yesterday and is set to be priced at 3.99 million RMB, which is quite a snip when compared to the Red Flag [...]
Got eight million RMB spare? Get yourself a state limosuine
The producers of the Hong Qi state limousine that Chairman Hu used at the 2009 review of the troops is set to be produced in limited numbers for civilian use, however the price is not for the common proletariat with the price tag a staggering 8 million RMB (1.17 million USD). As you can see [...]
Twitter!
