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

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Volkswagen urged to probe DSG defects in China, recall possible

March 16, 2012 by Joey Wang

Volkswagen China DSG recall

China’s quality watchdog said it is in contact with auto giant Volkswagen (China) after many customers complained about defects in the direct-shift gearbox (DSG) of the company’s vehicles.

The General Administration of Quality Supervision, Inspection and Quarantine said in a statement on its website that it had received complaints about unusual noises, vibrations and transmission problems in the DSG of Volkswagen vehicles.

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Dongfeng-Honda recalls 460.000 cars in China

March 16, 2012 by Joey Wang

Honda China

Dongfeng-Honda Automobile Co will recall nearly 460,000 multi-purpose passenger cars and sedans due to horn defects, China’s top quality watchdog said Wednesday.

The joint-venture company will start the recall on April 30, according to a statement posted on the website of the General Administration of Quality Supervision, Inspection and Quarantine.

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Beijing to tighten car emission regulations

March 14, 2012 by Joey Wang

Beijing traffic

The Chinese capital is likely to adopt new vehicle emission permits which could be as strict as those in Europe, in response to concerns over the city’s air pollution.

The Beijing Municipal Environmental Protection Bureau has released a draft of new standard which specifies strict limits for a variety of vehicle emissions, including carbon monoxide, hydrocarbons, nitric oxide and particulate matter.

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NBA star Jeremy Lin in talks to endorse Volvo in China

March 14, 2012 by Tycho de Feijter

Jeremy Lin Volvo China

Jeremy Lin, the New York Knicks basketball player who surged in popularity this year, is in talks on an endorsement deal with Volvo Cars, three people familiar with the matter said.

The symbolism of such a deal would be rich. Volvo is now owned by China’s Zhejiang Geely Holding Group Corporation. The company is trying to boost Volvo sales in China as part of a strategy to double the brand’s global sales to 800,000 vehicles by 2020. Geely plans to invest up to $11 billion in the effort.

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Queues for Chery Cars in Venezuela

March 14, 2012 by Joey Wang

Chery Venezuala

Just weeks after the opening of four Chery dealerships in Venezuela, dozens of people are lining up every day to buy the first Chinese cars being sold in the Latin American nation.

Unlike competing Japanese and American cars, import preferences granted by the Venezuelan government mean the Chinese cars are cheaper, which has attracted a steady stream of interested customers.

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Coda Automotive begins car production in California

March 14, 2012 by Joey Wang

Coda USA

The first Chinese car that you buy may actually be American. California startup automaker Coda Automotive began production of its all-electric sedan on Monday at a facility in Benicia, outside of San Francisco. The battery-powered four-door is assembled from a glider” — basically a complete car without a drivetrain — that’s built by Coda in China under license from local automaker ChangAn Hafei.

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Toyota China sales up 51.3% in February

March 13, 2012 by Joey Wang

Toyota China

In February 2012, Toyota and its two local joint venture partners managed to sell in China about 66,800 vehicles, up 51.3%.

In January and February the sales totaled about 125,500 units, up 1.5% from last year. Although sales were quite weak in January, the Lunar New Year holiday from the end of the month brought a surge in the February sales. In January this year the company sold about 58,700 units, down 26.2% compared to the same period last year.

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Jaguar Land Rover and Chery agree on new joint venture in China

March 12, 2012 by Joey Wang

Land Rover China

British off-road icon Land Rover plans to join the ranks of global automakers making vehicles in China by partnering with Chery Automobile Co Ltd in a joint venture. Local media reports said the partnership will be based in the Changshu Economic and Technological Development Area in Jiangsu province.

Both sides have reached agreement on the new venture and are now awaiting approval from the National Development and Reform Commission, China’s top economic planner, sources familiar with the issue told reporters.

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General Motors to recall 18.204 cars in China

March 11, 2012 by Joey Wang

General Motors will recall 18.204 imported vehicles in China because of problems with the cars’ anti-lock braking systems, China’s quality control agency said in a statement dated Wednesday.

The immediate recall applies to 16.618 Chevrolet Captiva sport utility vehicles and 1586 Opel Antara sport utility vehicles built between April 11, 2006 and Nov. 9, 2009, the General Administration of Quality Supervision, Inspection and Quarantine said on its website.

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BMW posts Record Sales, thanks to China

March 10, 2012 by Joey Wang

BMW China

German carmaker BMW says it has seen record profit margins in its core car business for 2011. Its profits jumped by 51% last year to 4.9bn euros ($6.43bn; £4.1bn) compared with 3.24bn euros from the year before. Sales rose 14% to 68.82bn euros. Boss Norbert Reithofer said BMW’s new records in “sales, revenue and profit” had “more than reached our goals”.

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