Archive for the ‘Shanghai Auto (SAIC)’ Category
SAIC earnings up 67% in Q4 2011
Published on March 30, 2012 by Joey Wang
Top Chinese automaker SAIC Motor Corp reported a 67 percent surge in quarterly earnings on Thursday, citing solid demand for German and US cars made at its Shanghai ventures as well as a $4.4 billion asset purchase from its state parent.
From October to December, SAIC’s net profit came to 6.93 billion yuan, up from 4.15 billion a year earlier and slightly higher than a consensus forecast of 6.72 billion from 14 analysts polled by Thomson One.
China’s Maxus & JAC vans heading to Australia
Published on March 19, 2012 by Joey Wang
China’s largest vehicle manufacturer, Shanghai Automotive Industry Company (SAIC), will arrive in Australia later this year when it launches a range of new people movers and cargo vans.
SAIC’s Maxus V80 vans will go on sale in the final quarter of 2012, with the initial line-up set to comprise four passenger models and three cargo variants.
Spy Shot: Wuling Baojun 630 hatchback testing in China
Published on February 18, 2012 by Tycho de Feyter
This is the very first spy shot of the Wuling Baojun 630 hatchback testing in China. It is based on the Wuling 630 sedan that was listed on the Chinese car market in August last year. The hatch will likely debut at the Beijing Auto Show in April. Baojun is an entry-level sub brand of minicar maker Wuling. Wuling is a three-way joint venture between General Motors, SAIC (aka Shanghai Auto) and Wuling Automotive. Via: Autohome.
Spotted in China: Shanghai SH760A
Published on February 15, 2012 by Tycho de Feyter
Here we have a very fine example of the Shanghai SH760A sedan, made in various forms by the Shanghai Auto Works, now SAIC, from 1974 until 1980 when it was replaced by the SH760B. The car on pics, which I saw at a local auto fair in Beijing, is a 1978 model. It was completely restored and looked fantastic in cream.
SAIC auto sales down 8.48% in January
Published on February 8, 2012 by Tycho de Feyter
Top Chinese automaker SAIC Motor Corp reported its first monthly sales decline in six months in January as automakers and dealerships closed shop for the week-long Lunar New Year holiday.
SAIC, which makes cars in partnership with General Motors and Volkswagen, delivered 380,305 vehicles in the month, down 8.48 percent from a year earlier, it said in a filing with the Shanghai stock exchange on Tuesday.
China turns to Domestic brands for Government Cars, Audi to loose
Published on February 5, 2012 by Tycho de Feyter
China’s strong desire to use domestic brands as official vehicles may provide a golden opportunity to revive the country’s two most historic and famous cars, Hongqi (Red Flag) and Shanghai.
Moreover, the revival may have repercussions for Audi AG, which currently supplies the majority of the nation’s official vehicles, said analysts. China is the German luxury-car brand’s largest market.
History: the Shanghai SH380 Dump Truck from China
Published on February 4, 2012 by Tycho de Feyter
Saturday February 4, today marks the first day of spring according to the Chinese lunar calendar. Fireworx outide so it is time for history! Back to October 1969 when China’s first self-made dump truck debuted in Shanghai.
Old pic: the Shanghai 58 on Parade in China
Published on February 2, 2012 by Tycho de Feyter
Here we have a very old ‘n pretty picture of a very old ‘n pretty military vehicle. This is the mighty Shanghai 58, based on the American Willys CJ3A. It was made from 1958 until 1960 by Shanghai Auto Works in very small numbers, the grand total is likely less than 50 vehicles. First pic was taken during a Communist-style parade in the early 1960′s.
New Roewe 750 gets a ‘Shanghai’-brother
Published on February 2, 2012 by Tycho de Feyter
Earlier this week we heard that SAIC will revive the good old ‘Shanghai’ brand. At the time however we didn’t know for which cars they wanted to use it. Now we do. The new Roewe 750 (pic) will also be sold under the Shanghai brand, likely as ‘Shanghai 750′.
SAIC Motor forcasts over 40% rise in 2011 profit
Published on February 2, 2012 by Tycho de Feyter
Top Chinese automaker SAIC Motor Corp Ltd has forecast a rise of more than 40 percent in 2011 net income on solid demand for German and American marques made at its Shanghai ventures.
“Growth was under expectations, but investors could be more bothered about the outlook for 2012,” said Cao Xuefeng, head of research at Huaxi Securities in Chengdu.
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