Archive for March, 2010
China’s new international M&A
This brief article from Forbes goes someway into explaining China’s new M&A which can be basically sumarised as “buy older technology and branding, carryout some R&D and call it our own” It’s not an entirely new strategy, as Honda and Toyota, as well as Korean automotive giants like Hyundai and Kia have carried out similar [...]
BYD and Daimler to forge new JV for electric car project
It seems that Daimler have been entranced by tomorrows cars that BYD are on the verge of producing and plan to work with BYD to set up a domestic joint venture in China to build a new range of cars under a new brand. By working with BYD, Daimler gain access to technology that would [...]
Toyoda apologises to China, and Toyota owners in China
Akoi Toyoda arrived in Beijing yesterday night fresh from a tour of the USA, where he held a press conference to express his profound apologies for the number of Toyota recalls in China and beyond. Toyoda believes that the Chinese market is very important to Toyota due to its 20% growth in sales for Toyota [...]
GM contacting previous Chinese parties interested in Hummer
Although the GM-Tengzhong deal is effectively dead, GM is still eager to offload the dying brand to a Chinese company according to the below Reuters report. Hummer could be a good buy for a Chinese company, as long as they have the right attitude to the purchase and a plan to win over the Chinese [...]
Facelift JAC Eagle, aka the last gen Sante-Fe spotted out
The JAC Eagle has been a good seller for JAC, they acquired the rights to the Sante-Fe from their JV partners Hyundai and have given it a few minor tweaks for the Chinese marketplace. The result is an Audi Q5 inspired front end which somehow just works for the Eagle: The JAC logo seems to [...]
Akio Toyoda to visit Beijing today for press conference to explain recalls
Akio Toyoda, the president and CEO of Toyota is flying to Beijing today after his Senate grilling in the USA to explain his companies recalls to a Chinese audience. Toyota China have been forced to recall over 75,000 RAV4′s in China, as well as another vast number of Chinese made Toyota’s due to quality issues [...]
Roewe 350S spotted out testing
The Roewe 350 is shaping up to be a seriously nice car, we expect it to launch at the Beijing Auto Show a month from now with a 1.5 engine. Persistant rumors of a 1.5 turbo engine have been floating around for quite some time, although we have yet to see any spy pictures of [...]
BAW starts work on 10 billion RMB plant
Beijing Auto is one of the last domestic auto giants to launch its own passenger car brand, its rivals SAIC, FAW, and Dongfeng have all launched their self branded vehicles in the past five years with moderate success. Beijing Auto is a relative late comer to this arena, but they do intend on entering with [...]
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