sales numbers, new factories, mergers, take overs, government regulations, laws

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BMW recalls 120,246 vehicles in China

March 29, 2012 by Joey Wang

BMW China

German luxury carmaker BMW Group will recall 120,246 vehicles in China for repairs beginning May 10 due to potential problems with a battery-cable cover, China’s quality watchdog said on Tuesday.

The recalled vehicles include the BMW 3 and BMW 5 Series models made in China as well as those imported between 2003 and 2010, according to a statement on the website of the General Administration of Quality Supervision, Inspection and Quarantine (AQSIQ). Read more »

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Report: China Hi-Tech Group Company to buy NedCar in the Netherlands (?)

March 29, 2012 by Tycho de Feijter

Dutch financial newspaper FD.nl reported yesterday that the ‘China Hi-Tech Group Company’ (CHTC) wants to buy the NedCar car factory in the Netherlands. The factory is currently owned by Mitsubishi Motors that makes the Colt and Outlander at the facility. Mitsubishi however wants to stop production in the Netherlands at the end of this year and has offered the factory for sale.

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Chinese auto maker Foton opens plant in Kenya

March 29, 2012 by Joey Wang

Foton Kenya

Chinese automaker Foton Motor group has opened an assembly plant in Nairobi in a bid to explore the market in Kenya and East Africa.

The plant, which cost $50 million, was officially opened Monday by Prime Minister Raila Odinga and a visiting Chinese delegation led by Liu Qi, a member of the Political Bureau of the Communist Party of China Central Committee.

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Great Wall Steed first Chinese car for UK

March 28, 2012 by Joey Wang

Great Wall Steed

The Great Wall Motor Company will become the first Chinese car brand to start volume sales in the UK market when the Steed double-cab pick-up truck goes on sale in April, priced from just £13,998. Pictured above, the Great Wall Steed gets its debut at the 2012 Commercial Vehicle Show (Birmingham NEC, 24-26 April), and is playing the value card hard.

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GM working with CATARC to charge Volt sales in China

March 28, 2012 by Joey Wang

Chevrolet Volt China

General Motors China announced today that it has signed a memorandum of understanding with an important automotive technology organization recognized by the Chinese government. The China Automotive Technology and Research Center (CATARC) will manage GM’s fleet of demonstration Volts and will assist GM China in meeting certain objectives.

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Dongfeng Motor profit down 4.6%

March 28, 2012 by Joey Wang

Dongfeng China

Chinese automaker Dongfeng Motor Group reported Tuesday its 2011 net profit fell 4.6 percent, due to lower prices and an overall slowdown in the world’s biggest automobile market. Net profit was at 10.48 billion yuan ($1.66 billion), down from 10.98 billion yuan from 2010, the firm said in a filing to the Hong Kong stock exchange where it is listed.

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BYD says Q1 profit might fall with 95%

March 28, 2012 by Joey Wang

BYD, he Chinese carmaker partly owned by Warren Buffett’s Berkshire Hathaway Inc., fell to a two-month low in Hong Kong trading on Tuesday after the company forecast first-quarter profit may slump as much as 95 percent.

BYD fell by as much as 11 percent, the biggest intraday decline since Sept. 26, before closing 4.8 percent lower at HK$19.94 yuan in Hong Kong. The company’s Shenzhen-traded shares gained 1.8 percent, reversing a 3.9 percent decline.

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Volvo recalls S60, XC60 cars in China

March 25, 2012 by Joey Wang

Volvo China

The Shanghai sales branch of Volvo announced it will recall more than 12,000 imported S60 and XC60 cars in China starting Friday, the country’s consumer quality watchdog said. Read more »

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Dongfeng Honda recalls CR-V cars in China

March 25, 2012 by Joey Wang

Dongfeng Honda has announced it will recall 2,000 CR-V multi-purpose passenger vehicles in China starting Saturday, China’s consumer quality watchdog said Friday. Read more »

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China to release new government car purchase plan

March 23, 2012 by Joey Wang

Hongqi HQE

China intends to release a plan to reorganize its automobile fleet this year, according to a statement posted on the central government’s website today. China also plans to announce proposals to “reform” the cars used by the Communist Party’s central agencies this year at an “appropriate time,” the State Council said in a notice.

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