From Yahoo India
The Nano may have been driven out of Bengal before it set up shop in Gujarat but a major Chinese company ‘ First Automotive Works (FAW) ‘ is considering both states as a possible location for its first plant…Read More →
Luxury car maker Fisker are pushing back their plans for a China launch until 2013 according to Reuters reporter Nichola Groom who managed to corner Fisker’s Roger Ormisher on the floor of the LA Auto Show which opened this week.
Fisker said earlier it would launch in China by the end of this year. But the company encountered a slight delay…Read More →
Volkswagen’s plan to capture the Southern Chinese market where Japanese brands rule the roost took a step forward earlier today when the first Audi Q3 came off the Foshan production lines.
The Audi Q3 is currently imported into China from Europe and is nearly on par with the Audi Q5 in terms of pricing thanks to import taxes which boost…Read More →
Western companies moving into China usually did so through equity joint ventures, which were the predominant entry mode at least until Chinaâ€™s entry into the WTO in 2001 (Kasperk et al. 2011). This entry mode also facilitates the development of personal relationships or ‘guanxi‘ which is of great importance in conducting business in…Read More →
Late last week the UK taxi companyÂ Manganese Bronze announced that it was going to enter into bankruptcy protection and this week it would end 156 jobs at the UK plant. The company is partly owned by Geely who have a roughly 20% stake in the company and a joint venture in Shanghai, according…Read More →
China exported a total of 278 940 vehicles in from January to April this year, 24% more than exports over the first four months of 2011, chinanews.com reports, citing figures from the China Association of Automobile Manufacturers. Year-on-year growth rates for passenger and commercial automobile exports over the four month…Read More →
From Biz Journal:
Johnson Controls Inc. announced on Wednesday plans to build a $200 million automotive battery plant in Tianjin, China, pending final approval.
The state-of-the-art facility will supply automakers and the aftermarket in China with maintenance-free lead-acid starter batteries and advanced batteries for start-stop…Read More →
The new generation of Ford Focus is taking the claim for boosting Ford’s China sales by 24% in April 2012. Ford has striven to introduce and widen its product range for the Chinese market over the past 6 months, the move is likely to pay dividends as sales are likely to continue to increase this year.
Sales of the new Focus reached 9,400 units in…Read More →
Swedish car maker Volvo, owned by Chinese group Geely, said it was on track to meet its long-term goal of boosting sales more than four-fold in China after reporting a fall in 2011 earnings due to costs related to its expansion.
Volvo was bought by Zhejiang Geely Holding Group Co Ltd from Ford Motor Co in 2010. It plans…Read More →
Shanghai VW has apparently received approval to build a new car plant in Xinjiang province, China’s most Western territory. Looking over a map it appears that Geely’s Lanzhou facility is the most Westernly automotive plant in China but SH-VW obviously smells a market in Xinjiang. News of the approval has been leaked out via Chinese automotive site,…Read More →
From China Daily:
German tire manufacturer Continental, a world-leading auto parts provider, kicked off the construction of a two wheel tire plant in the eastern Chinese city of Hefei on Friday.
The plant, expected to be put into operation in December next year, will mainly manufacture tires for mountain bikes and racing bikes for…Read More →
Kia have taken the world auto market by storm over the past 24 months, gone are the odd, quirky designs that were only able to rival second hand cars and in are sleak, slender designs that are enough to make the Bavarian’s blush and the Japanese worry themselves to sleep at night. Kia’s unique selling point for the longest time was that they are cheap…Read More →
Insiders reveal that the partnership talks between Chery and Jaguar & Land Rover has achieved substantial progress after Cheryâ€™s partnership plan with Subaru was rejected. The two sides have reached agreements on many key aspects, and now they are waiting for the approval from the government authorities who are key to getting the plan approved….Read More →
To the outside eye, the Indian auto market looks like a sweet low hanging peach – a market that could potentially be the same size as the Chinese market in the next five to ten years and has the same needs as the Chinese market, albeit with the steering wheel on the other side of the dashboard, so it will be no shock to hear that commercial vehicle…Read More →
Battery maker Boston Power is shifting its operations to China to capitalize on the booming electric-vehicle market.
The Westborough, Mass.-based company today announced that it has raised $125 million from Chinese venture capital firm GSR Ventures as part of an expansion into China. In addition to the private equity,…Read More →
Wescast Industries Inc., a Brantford-based auto parts maker with plants in Strathroy and Wingham, is being bought by a Chinese company for about $180 million.
The company announced a preliminary agreement with Sichuan Bohong Industry Co., which is paying $13.60 a share.
Wescast makes exhaust manifolds for cars and…Read More →
Chery Automobile is to become the second Chinese vehicle maker to build an assembly plant in Kenya, joining truck manufacturer Beiqi Foton Motors in a move to tap east African demand and further strengthening Chinese links with the continent.
“They (Chery) are discussing with the (Chinese) government so that they can get…Read More →
Chinaâ€™s auto market slowed down considerably in the first half of 2011 and grew only 3.35% from a year earlier in the first half of this year due to several unfavorable factors such as the expiration of government stimulus policies, Beijingâ€™s license plate lottery policy, and continuous fuel price rises. Many domestic Chinese brands even…Read More →
The SC6 SUV was first unveiled at the Beijing Auto Show in April last year in concept form, however this particular model is practically heading down the production lines at Great Wall’s Bao Ding plant after our most recent visit to their factory. The SC6 has been sent to the Chinese patent office ahead of official production runs later this year which…Read More →
From China Daily:
Nissan Motor Co’s joint venture with Dongfeng Motor (Group) Co, the largest Sino-foreign auto partnership, on Monday announced in Beijing that it plans to invest billions of US dollars and double its annual sales over the next five years.
The 50-50 joint venture, Dongfeng Motor Co Ltd, said it will invest 50 billion…Read More →
Karl-Thomas Neumann, president and CEO of Volkswagen Group China, recently announced his first strategic plan for Chinese market since he took the position, i.e. Go West strategy.
Volkswagen Group China has made progress in the southern Chinese market. Its market shares in southern China increased 1.3% from a year earlier in the first five…Read More →
For many Chinese car companies the Indian market displays a great allure, but can they tackle it using the same methods to entice China’s 1.3billion consumers? It seems that the odds are stacked against them, but if perhaps they can manoeuvre themselves into a strong position by inking strategic deals with the right partners.
From: Read More →
GM’s Bei Sheng plant in Shenyang City, Liaoning Province, is about to gain from a 7 billion RMB upgrade over the next few years. The factory expansion will take GM’s production capacity to a new high in China.
GM’s plans for the factory expansion have already been approved by the Ministry of Environment and will see the factory’s capacity increased…Read More →