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

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Mercedes-Benz offering 25% discount on cars in China

March 21, 2012 by Joey Wang

Mercedes-Benz China

There has never been a better time to buy a Mercedes-Benz in China. The problem for luxury carmakers such as Daimler AG is that the incentives are likely to get even bigger.

Mercedes dealers are offering record markdowns of 25 percent on high-end models such as the S300 sedan, according to data stretching back to 2009 at cheshi.com, which tracks prices at more than 3,000 Chinese dealerships. BMW 7-series and Audi A8Ls sell for 20 percent below sticker prices, waiting lists have vanished and salesmen are dangling perks ranging from free iPhones to Hermes-bag coupons.

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FAW-Volkswagen to develop new SUV for China

March 20, 2012 by Tycho de Feijter

FAW-Volkswagen

The FAW-Volkswagen joint venture will develop a new SUV for the Chinese car market, it will be based on the PQ35-platform that underpins the Tiguan and will be launched in two years.

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Fuel prices in China raised by 6.5-7%

March 20, 2012 by Joey Wang

China Fuel Price

China raised fuel prices for the second time this year, hiking gasoline and diesel by 6.5 percent to 7 percent effective on Tuesday, amid rising world crude oil prices and falling domestic inflation.

Prices went up by 600 yuan ($94.90) a metric ton, the biggest hike since June 2009. The average gasoline price went up 6.5 percent to 9,980 yuan a metric ton, while diesel prices rose 7 percent to 9,130 yuan a metric ton. Both prices are record highs.

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Nissan might spin off heavy truck business in China

March 20, 2012 by Joey Wang

Nissan Motor and Dongfeng Motor Group Co will spin off the heavy truck segment of their China venture to Dongfeng’s state parent, paving the way for local production of Renault and Infiniti cars as well as a possible new Dongfeng-Volvo truck tie-up, Chinese media reported on Monday.

Nissan’s passenger car business in the venture will remain intact, as will its light commercial truck production with Shanghai-listed Dongfeng Automobile Co, Sina.com said citing unspecified sources.

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Volvo scores global endorsement deal with Jeremy Lin

March 20, 2012 by Joey Wang

Jeremy Lin Volvo

Volvo Cars has signed New York Knicks point guard Jeremy Lin to a global endorsement deal, the automaker announced today in New York City. Volvo is owned by China’s Zhejiang Geely Holding Group Corporation.

According to a statement from Volvo, Lin “is expected to help in the marketing efforts of Volvo in several international markets and help establish the brand with younger and performance-oriented customers.” Read more »

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New CEO for Renault China

March 19, 2012 by Joey Wang

Katsumi Nakamura was appointed as CEO of the French carmaker’s China business operations. He reports to Carlos Tavares, COO of Renault.

Born in 1953, Nakamura joined Nissan in 1978 and was president of the Japanese carmaker’s joint venture with Dongfeng Motor Corp in China from 2003 to 2008. He then served as executive vice-president of Renault and chairman of Asia-Africa Region.

Renault’s exports to China last year jumped 65 percent to 24,275 cars. The company plans to begin local production with Dongfeng in 2014 or 2015. Via: ChinaDaily.

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Record 9,380 U.S. dollar for a License Plate in Shanghai

March 19, 2012 by Joey Wang

License plate Shanghai

Prices of new license plates in Shanghai hit record high in March as enthusiasm for private-car ownership continued to grow despite government controls on new vehicle registration.

Shanghai is the only Chinese city to use an auction to control plate supply. In the monthly auction that ended this weekend, the average bid for a license plate was 58,625 yuan (9,380 U.S. dollars), up 5.37 percent from the February average, government data showed.

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Geely to launch in UK this year

March 19, 2012 by Tycho de Feijter

Geely Emgrand EC7 UK

Geely will start sales of its Emgrand EC7 compact car at the end of 2012 through a new distribution company called Geely Auto UK. Manganese Bronze Holdings, which partners Geely in building London black cabs in England and China, will set up the distribution company and a UK dealer network.

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China’s Maxus & JAC vans heading to Australia

March 19, 2012 by Joey Wang

Maxus V80 Australia

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.

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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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