Monthly Archives: July 2010

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Chinese govt approves Geely’s purchase of Volvo

Published on July 30, 2010 by Tycho de Feijter

From: ChinaDaily, 300710. BEIJING – Zhejiang Geely Holding Group Co is expected to complete it takeover of Swedish luxury car brand Volvo from US automaker Ford Motor Co on Monday after getting government approval for the deal.

Ministry of Commerce officials told China Daily on Thursday that the government cleared the Volvo deal on Monday 26, after the National Development and Reform Commission cleared the proposal last week.

Geely has also got the necessary anti-trust approvals from the European Union and the US government for the deal. “With this the decks are now clear for Geely to complete its acquisition of Volvo and start manufacturing the brand in China,” said Wang Zhile, director of the research center on transnational corporations under the Ministry of Commerce.

Yuan Xiaolin, Geely’s spokesman for the Volvo deal was unavailable on Thursday for comment. However, unnamed sources from Geely told China Daily that the Zhejiang-based automaker will hold a formal function on Monday to complete the deal.

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Beijing 007 to be Listed in September

Published on July 30, 2010 by Tycho de Feijter

Beijing Auto’s new 007 SUV debuted at the Beijing Auto Show. It will be listed in September. Engines: a 2.0 with 89kw and 176nm, and a 2.4 with 105kw and 217nm. The 2.4 comes with 4×2 or 4×4, the 2.0 only with 4×2. Both engines mated to a 5-speed manual.  Size: 4595x1828x1804, wheelbase is 2600. Price yet unknown but will likely start around 100.000 yuan.

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Spy Shots: Baojun sedan Seen testing

Published on July 29, 2010 by Tycho de Feijter

Baojun is a subbrand of minicarmaker Wuling. Wuling is a joint venture between SAIC (aka Shanghai Auto), General Motors and Wuling Automotive. The new brand is meant for entry level cars, first up is this ‘GP 50′ small sedan,  suv and mpv to follow.

First shots of the interior clearly show the horsehead-logo on the steering wheel, Baojun means ‘Treasured Horse”. The GP50 will hit la market at November 18, to be priced between 50.000 and 80.000 yuan. Power comes from a 1.4, 1.6 likely to arrive later.

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Beijing Auto C30 Saloon

Published on July 29, 2010 by Tycho de Feijter

In early July we found out that Beijing Auto is working on a hatchback inspired by the Mercedes Benz B-class. Now we know they won’t stop there, the renderings show a Beijinged B-class with an extra ass.

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Meet the Monster: Xiaolong XL2060L

Published on July 27, 2010 by Tycho de Feijter

The XL2060L is a giant suv in Hummer-style from Xiaolong Auto. I read about the machine before but this was the first time I met one in the real world and impressive it is. The Chinese army is currently testing it for military use in remote and barbarian areas such as Tibet.

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Spy Shots: Hongqi HQE getting Ready for Production

Published on July 27, 2010 by Tycho de Feijter

Last week we heard FAW-Hongqi was seriously considering production of the CA7600L V12 limosine, to be priced around 4 million yuan. Today’s spy pics however, tell a slightly different story. They show a camouflaged Hongqi HQE, based on the 2005 HQD concept car.

FAW announced in 2008 that is was going to make a limited series of the HQE for government use, the car was scheduled to debut at the military parade in Beijing on August 1 2009. It did, but with a new front in traditional Hongqi-style and a new name; the CA7600L, which made it to the Beijing Auto Show in April.

So here we have the old car, back from the ashes, getting ready for production. It will get the 6 litre 300kw V12 and according to the latest information get a price tag of 3 million yuan. Not sure what this means for the production plans for the CA7600L but I don’t think Hongqi will make two almost similar limo’s at the same time.

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Changhe Suzuki Splash to be Listed, Priced

Published on July 27, 2010 by Tycho de Feijter

Suzuki will splash the Splash into the Chinese market sometime near the end of the year. The Splash will be splashed out of the factory from Suzuki’s joint venture with Changhe Auto. Price will range from 50.000 to 70.000 yuan, engines a 1.0 and a 1.4. Size: 3715x1590x1680, wheelbase is 2360.

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Fiat 500 to be Imported in China

Published on July 27, 2010 by Tycho de Feijter

Fiat does not make any cars in China at this moment. It will soon when the new joint venture with Guangzhou Auto starts making Linea’s for the Chinese market. Production starts in the second half of 2011. Fiat currently imports the Bravo, Grand Bravo and Linea and it will add the 500 before the end of this year.

It will be priced around 200.000 yuan to compete with other imported fashionthingies like the Mini and Volkswagen New Beetle. That one is still selling well in China, the only place in the world where it does. It would make a lot of sense to make the 500 in China but after the Linea starts rolling off the line the Bravo’s will likely go first. The Fiat 500 hit la European markets in 2007.

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BYD L3 to be Listed in August, Priced

Published on July 27, 2010 by Tycho de Feijter

BYD’s new L3 sedan will hit la market on August 16, priced between 90.000 and 120.000 yuan. Engines: 1.5 with 79kw and 144nm and a 1.8 with 90kw and 160nm. No runners indeed, but fast enough for the endless traffic jams in Beijing. No plans yet for an electric L3 because BYD found out nobody wants those, sales of the electric F3DM were minimal, to say the least.

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Carmaker [Chery] denies spy charge

Published on July 27, 2010 by Tycho de Feijter

Chery is in trouble and it loox like US prosecutors will go to the bottom of it. Read on for excellent background article about the case from GlobalTimes, a Chinese government owned magazine:

“China’s largest [independent, domestic] automaker, Chery International, denied charges Monday by US prosecutors who are accusing it of stealing millions of dollars worth of clean energy technology from former engineers of US auto giant General Motors.

The intensified wrangling comes as the US auto industry attempts to recover from poor fiscal performances and shrinking sales.

And analysts are warning Chinese automakers to take intellectual property rights more seriously when competing with their foreign counterparts, as the Chinese firms are vying for more market share worldwide after the country’s car market was crowned the world’s largest last year, surpassing that of the United States.

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