Archive for June, 2011
Old Pang Returns from Sweden
“Old Pang Returns from Sweden” is the headline of today’s Beijing news as Pang Qing Hua, the CEO of Pang Da Automobile Group, returns from his trip to Trollhatten where he visited the Saab factory. Apparently Pang Qing Hua was very satisfied with his investment in Saab – so much so that he was struggling [...]
Haima’s future mid size sedan sighted out testing
As a sub company of First Automobile Works Haima seems to have a high degree of design autonomy that separates it by a considerable distance from FAW’s other sub brands such as Besturn and Tianjin, which seem to suffer from awkward design after awkward design, although Haima is making do with older Mazda technology from [...]
Beijing’s new energy car policy has been given the go-ahead
Chinese media are reporting that the 12th five-year development planning for Beijing’s auto industry, put forward by Beijing Automotive Industry Association, was approved by the Beijing Economic and Information Technology Commission in April this year. According to the plan, the number of all-electric vehicles in Beijing is expected to reach 100,000 units by 2015, and [...]
Chery to invest 200 million in Venezuela with new factory
Chery Automobile Co. will break new ground in Latin America and its factory of US$200 million in Venezuela will start producing vehicles for the region later this year, Xinhua news agency reported. Chery had signed a cooperative agreement with China Development Bank and the Venezuelan government to set up the new factory, which will be [...]
Japanese parts makers moving to China
The Japan Automotive Parts Industrial Center (JAPIC) recently started construction in Danyang city of eastern China’s Jiangsu province. The project is jointly launched by the Danyang municipal government and Japan External Trade Organization (JETRO). The center will be put into use this November. The March 11 earthquake caused severe damage to Japan’s local manufacturing industry. [...]
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