Newsletter 14 28th Oct 2011
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Hi {name},
You may have noticed the absence of the China Car Times newsletter from your inbox for the past few weeks, for that we are really sorry. It’s been a hectic month or two at China Car Times with lots of news happening which often takes away from our newsletter writing ability, this month we’ve seen Chengdu play host to the World Auto Forum which was a marathon week for reporters. The World Auto Forum is in its second year and seems to be gaining some importance in the China automotive calendar, last year the international media barely attended, this year a core group attended and the message about the forum grew wider. Here’s hoping next year’s event is even bigger, with some bigger name stars. The forum played host to some of the most talked about men this month, Pang Qing Nian from Youngman Group and also Pang Qing Hua from Pangda Group, the two CEO’s fielded questions from media and of course all the questions are Saab focused. The Saab issue doesn’t seem to be any closer to being resolved, with a recent takeover bid from the two Chinese companies still on the table it seems that Saab maybe going down the tube unless funding can be found and of course if the Chinese government supports the two companies in buying a nearly bankrupt car company with worker liabilities, no core technology aside from a platform that hasn’t yet been produced and doesn’t have the rights to the IPR under its current car range. So what might happen to Saab? Mulling it over with people in the industry the other day, maybe people seemed to be pessimistic towards the Swedish brand, several felt that BAIC should have saved the company themselves two years ago before it got really messy, and others felt that Pangda-Youngman are waiting for the company to fold before picking up the pieces at a Swedish Government sponsored yard sale. Besides Saab, the other big news this month has been the launch of the BYD E6 which is being hailed as a victory for Chinese development capabilities by certain media outlets in China, of course the car is certainly a breakthrough in many respects, but its high price of 369,000rmb maybe off putting to many potential consumers, even when multiple subsidies kick the price down to 249,000rmb its still a pricey BYD model. Foton’s new Tunland Pick Up Truck could also be considered a game changing vehicle alongside the BYD E6, for too long Chinese manufacturers have been focused on putting Chinese market cars in to global auto markets which has so far been their undoing, what works in one country does not quite work well in another, so for Foton to go out on a limb and make a mid size truck which will see greater sales in overseas markets it’s a major step forward for a Chinese car manufacturer, hopefully we will be seeing more of this in the future. Happy Birthday! China Car Times is nearly at its sixth birthday! We always like to hear from our readers as to how we could potentially make the website a better place for all. If you have any suggestions regarding content, what we should add, or what we shouldn’t, please send it to us at editor@chinacartimes.com. We can only make a better website with the readers input! Today on China Car Times:
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