Citroen wants to expand aggressively on the China car market, and they want to do so with the DS-range. The attack starts with the DS5 which will be listed as an import on the Chinese car market sometime around the middle of this year. Second car to come is the DS3 and third the DS4, both will be listed as imports near the end of this year. Read more »
General Motors will recall 6,365 imported Buick Enclave cars due to their weak windshield wipers, China’s top quality watchdog said on Monday. The cars in question were produced between Jan. 17, 2010 and March 5, 2012, according to a statement released by the General Administration of Quality Supervision, Inspection and Quarantine.
Due to high demand on the Chinese market, the next-generations Volkswagen Phaeton will debut sometime in 2015. On the market for 10 years, the Phaeton largely missed sales targets year after year, prompting the model to be cancelled in the U.S. after 2006. However the Phaeton has enjoyed a 50 percent increase in deliveries in China in the past year.
Swedish carmaker Volvo, owned by China’s Zhejiang Geely Holding Group Co Ltd, plans to spend $11 billion on developing new products and boosting its manufacturing footprint in the next few years, a company spokesman said on Thursday.
Earlier in the day, German magazine Wirtschaftswoche said Geely would invest the money, but spokesman Per-Ake Froberg said that funding would come from Volvo itself and include financing from cash flow and borrowing. “It is not Geely investing $11 billion,” he said.
Carmaker Chery Automobile Co plans to build a complete supply chain in Brazil as it prepares to make cars in the South American country in 2013. In-country component manufacturing will help Chery avoid the high taxes levied on imported cars and assembled vehicles with little local content.
Brilliance Automotive, BMW’s Chinese partner, reported full-year profit rose 43 percent after demand for luxury vehicles outpaced deliveries in the country’s overall automobile market. Brilliance also has a minibus joint venture with Toyota, and they sell their own cars under the ‘Brilliance‘-brand.
Brilliance’s net income rose to 1.81 billion yuan ($285 million) last year, the company said in a statement to the Hong Kong stock exchange on Friday. That matched the 1.81 billion yuan average of 14 analyst estimates compiled by Bloomberg. Sales fell 28 percent to 6.44 billion yuan.
US auto giant General Motors said Thursday that its China sales set a record for March, despite an overall slowdown in the world’s biggest car market.
The company, the world’s biggest automaker by sales, sold 257,944 vehicles in March, up more than 10 percent from the same month last year, and its highest total for the month, according to a company statement.
Ford’s China unit will invest about $600 million to increase the capacity of one of its passenger-car factories by almost 60 percent as it looks to expand its operations in the world’s largest auto market.
The automaker, along with joint venture partner Changan Automobile, will raise capacity at its factory in the southwestern Chinese city of Chongqing by 350,000 units to 950,000 vehicles annually by 2014, Ford said in an e-mailed statement yesterday. Construction is expected to begin immediately, it said.
A small local auto show in Beijing, not the Beijing Auto Show 2012 (aka China Auto 2012). The nicely named ’17th Beijing Automotive Trade Fair’ (web) is basically a dealer show sexed up with babes and customizing clubs from around town. Not big, but always good for a few hours of cars. Location: Beijing Agricultural Exhibition Center (web). Date: from today April 5 until Sunday April 8. Pic from the 2011 edition, so you know what to expect…