Archive for the ‘Industry News’ Category
Dongfeng and Volvo truck plan China joint venture, Dongfeng to make Infiniti cars
Published on December 12, 2011 by Tycho de Feyter
Here we have an interesting look into making deals in China. Dongfeng and Volvo (the truck maker) plan a joint venture to make Volvo trucks for the Chinese market. But Dongfeng already has a joint venture with Nissan which makes medium-to-heavy duty trucks that are sold under the Dongfeng-name.
Problem.
China’s auto sales Down 2.4% in November
Published on December 11, 2011 by Joey Wang
Auto sales in China slid 2.4 per cent in November from a year earlier to around 1.66 million vehicles, marking the second straight monthly decline, an industry group said.
State Media: Greatwall Auto greatly profits from China’s WTO-entry
Published on December 9, 2011 by Tycho de Feyter
When China joined the World Trade Organization (WTO) 10 years ago, automobile industry experts had forecast a dismal period for domestic companies like Great Wall Motor.
But in a reversal of sorts, not only has the industry gone from strength to strength during this period, it has also helped companies like Great Wall Motor make successful inroads in global markets. Read more »
Jaguar might develop cars for Chery in China
Published on December 9, 2011 by Joey Wang
It seems Chery is working on developing two luxury-brands. The first one is Qoros which is meant for export to Europe. The second one is a possible new sub-brand which will sell Jaguar-developed cars under the Chery brand in China. Reuters reports on the Jaguar-story:
Jaguar Land Rover (JLR) has agreed in principle with China’s Chery Automobile to develop a luxury car based on its Jaguar models that may carry a Chery or a new marque in order to win Chinese government approval for a manufacturing venture, a Chinese newspaper reported.
Geely to come to the UK next Year
Published on December 6, 2011 by Tycho de Feyter
Chinese car company Geely has confirmed it is to launch in the UK with the first cars arriving here in less than a year’s time.
Geely will launch with a mid-size family saloon and hatchback called the Emgrand EC7 which, despite the car’s size, will go on sale for around £10,000. This will make the new Chinese car as cheap as an entry-level European-brand supermini – and is likely to really shake up the UK new car market.
Saab talking to A Chinese bank, not Bank of China
Published on December 6, 2011 by Tycho de Feyter
Swedish Automobile NV (Swan), the Dutch owner of the car maker Saab Automobile AB, said on Monday that it will continue discussions with Zhejiang Youngman Lotus Automobile Co Ltd and an unidentified Chinese bank about buying a stake in the cash-strapped company.
A statement on Saab’s website said that its parent, which also owns the luxury Spyker brand, “is in discussions with Youngman and a bank in China about an equity interest in Swan”, but the statement did not disclose the name of the bank.
Qoros aims at European car market
Published on December 6, 2011 by Tycho de Feyter
Chery Quantum, a joint venture between Chery Auto from China and Quantum LLC from Israel, unveiled its new brand, Qoros – Q for quality and ‘oros’ mimicking the sound of the word chorus. The first compact sedan car, whose sculpted image was presented, will hit the European and Chinese markets by late 2013, the company said.
Shanghai VW sets new sales record in China
Published on December 6, 2011 by Tycho de Feyter
Shanghai Volkswagen’s performance so far this year has been very impressive. The company announced that it manufactured and sold over one million vehicles from January to November. The amount represents an increase of 13.7 percent from last year and is a new record for Shanghai VW.
Jaguar Land Rover and Chery waiting for Permission to set up JV in China
Published on December 6, 2011 by Tycho de Feyter
Jaguar Land Rover is awaiting a response from the National Development and Reform Commission regarding a request to develop a potential Chinese joint venture, according to Jaguar Land Rover President Bob Grace. Media reports said the company Jaguar has chosen is very likely to be Chery.
New car brand from China: Qoros to hit the market in 2013
Published on December 4, 2011 by Tycho de Feyter
Qoros is a new Chinese car brand. It is a joint venture between Chery Automotive and Quantum LLC from Israel. The joint venture was approved way back in 2007 but things slowed down soon after that. Now they are back, with a very first concept car that loox like a cow.
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