Published by Ash May 6th, 2008
in Youngman.
China Car Times has yet to see the Europa (nee, Proton) Gen 2 racer out on the streets, despite it being on the market for a good few months now. Perhaps it is the price level, Youngman are asking Ford Focus money for essentially an unknown car - even it its a ‘fast sports car’ with Lotus input, its still essentially an unknown brand, even MG isnt selling all that great in China (they will do eventually though) despite having a 100 year history. What hope do Europestar have?
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Continue reading ‘Everyone baffled by Proton-Youngman tie up, even us.’
Published by Ash February 4th, 2008
in Youngman.
It seems that Jinan Youngman, who recently went on a joint venture shopping spree is ready to terminate its joint venture with the Iranian Khodro group.
Youngman recently signed up with Proton to bring the Gen2 Racer to China under an OEM re-badging deal, Youngman also signed up with ZAP to possibly make some kind of electric car, and also with the Iranian car company Khodro
It seems that the decision to separate is a mutual one, as Youngman wish to further their own brand, Europestar (the brand which carries the Gen2 racer) and Khodro have signed a deal with Chery in Iran which they wish to concentrate on.
The Youngman Khodro joint venture would have seen the Iranian marque produce its cars in Tai’an, Shandong province. The two parties reportedly injected 60 million dollars into the joint ventureship, and were planning to pour upto 200 million dollars into it once production was up and running. Youngman have a 70 percent stake in the deal, and Khodro own a 30% stake. The original plan was to produce the Khodro Saren, and the Samand LX in China. The Samand LX seems to be based on an older Peugoet 405 design.
The factory that was planned to be producing Khodro cars in late 2008, isnt yet built - this automotive divorce (clearly the result of a shotgun joint venture) may well be a messy one.
Published by Ash November 27th, 2007
in Youngman and Chinese Car News.
Yesterday we reported on the Nissan Qashqai getting its Chinese name, and today we’re happy to report that the Lotus Racer, made via the Youngman Proton tie up will be called the Jing Su in China, this means to contend with quickness, or it could be translated as to struggle with quickness.
The Lotus designed motor should be on the Chinese market by the end of December priced at 120 to 150,000rmb. We’re not sure how, or where they will sell it though, we’ve yet to see a Youngman dealership, and if the car looks anything like this, they just wont sell.
Published by Ash October 26th, 2007
in Youngman.
The Gen2 racer is being manufactured between a Proton, and Youngman tie up that was cemented earlier this year. The Gen2 is a good looking car overseas, but this is how the Chinese made version will look
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Continue reading ‘Proton Gen2 Racer: Urm, yeah.’
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