Archive for the ‘Industry News’ Category

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China starts trial with methanol-fueled cars

Published on February 29, 2012 by Tycho de Feijter

China gas station

China is looking for alternatives for gasoline. The country will spend 1.59 trillion U.S. dollars over the next five years looking for ‘green’ solutions. One possibility is methanol, China starts a 3-year trial in 3 different provinces. If the results are good the trial will extended in time and scope. From People’s Daily:

China’s industrial authority said Tuesday that it will introduce trials for methanol-fueled cars in three provincial level regions starting this month, signalling the world’s second largest economy’s resolution to boost greener economic growth.

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Ford faces hurdles in China

Published on February 29, 2012 by Tycho de Feijter

Ford China

Ford Motor is facing stiff industry wide regulatory obstacles to future growth in China, even as the auto maker launches a $490 million plant to boost its presence there.

The plant opened Friday in the southwestern Chinese city of Chongqing—its third passenger-car plant and fourth overall assembly plant in China—will give it much-needed capacity to help propel sales. Ford lags far behind General Motors Co. and other global rivals in penetrating China’s market, the world’s biggest in the number of vehicles sold.

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China auto recalls up 55% in 2011

Published on February 29, 2012 by Tycho de Feijter

China auto recalls up 55% in 2011

China conducted a total of 85 auto recalls, covering 1.83 million flawed vehicles in 2011, up 55 percent from a year earlier, the country’s quality watchdog said Tuesday.

China-made vehicles took the lion’s share, making up 93.7 percent of all recalls, while imported cars accounted for 6.3 percent, Li Yuanping, spokesman of the General Administration of Quality Supervision (AQSIQ), Inspection and Quarantine, said at a press conference.

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China’s BYD says profit falls 44% in 2011

Published on February 29, 2012 by Tycho de Feijter

Buffet and Bill Gates during a visit to BYD in 2010

Chinese car maker BYD Co Ltd said on Tuesday that its net profit in 2011 fell by 44 percent from a year earlier due to fierce competition in the world’s largest auto market and a sharp fall in photovoltaic product prices.

Backed by U.S. billionaire Warren Buffett, BYD posted net profit of 1.4 billion yuan ($222 million) last year, down from 2.52 billion yuan in 2010, it said in a preliminary results statement filed to the Shenzhen stock exchange. Read more »

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Beijing bans high-emission vehicles

Published on February 29, 2012 by Tycho de Feijter

Beijing bans high-emission vehicles

Beijing has banished about 12,500 vehicles from other provinces from entering the city because they were deemed to have excessive emissions. About 1,000 drivers were also fined since the city launched a 24-hour inspection on exhaust emission earlier this month, says the city’s environment watchdog.

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Chinese government bans foreign cars for state-officials

Published on February 27, 2012 by Tycho de Feijter

Hongqi parade car China

Chinese automaker shares rose, led by Dongfeng Automobile and FAW Car after the government excluded foreign brands from a preliminary list for official- vehicle purchases.

Dongfeng Automobile jumped 10 percent, the first time it climbed by the daily limit since November 2009, and traded at 3.81 yuan as of 9:46 a.m. in Shanghai. FAW gained 4.9 percent to 10.78 yuan in Shenzhen. Great Wall Motor rose 3.6 percent to 14.51 yuan, set for the highest close since its Shanghai share sale in September.

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Geely and Volvo wait for approval for joint venture in China

Published on February 27, 2012 by Tycho de Feijter

Volvo China

Even though it was sold to a Chinese automaker in 2010, Volvo Cars will have to form a 50-50 joint venture with new owner Geely to meet government requirements on local production, according to a senior executive of the Swedish carmaker.

Volvo has applied as a foreign brand for permission to build cars locally, so it must meet prerequisites that include a local partner, R&D facilities and developing a new brand owned by the joint venture, said Freeman Shen, senior vice-president of Volvo Cars and chairman of Volvo’s China operations.

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Lifan will build a $150-million engine plant in Uruguay

Published on February 27, 2012 by Tycho de Feijter

Lifan Uruguay

Chinese automaker Lifan will build a $150-million engine plant in Uruguay, Argentina’s news website Infobae reported. The website cited Roberto Kreimerman, Uruguay’s industry minister, saying the plant will create 500 jobs at the facility making engines for sale in Brazil and other South American countries.

Lifan also plans to build a car assembly plant in the country that will produce 10,000 vehicles a year by 2014. That plant may export the Lifan 320 and 620 models to Brazil and other members of the Mercosur trading bloc.

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Ford boosts capacity in China

Published on February 26, 2012 by Tycho de Feijter

Ford China

Ford Motor Co. on Friday opened its fourth passenger-vehicle assembly plant in China, as it bets that aggressive expansion and new-model introductions will help it overcome strong competition in a moderating vehicle market.

The new $490 million factory in the southwestern city of Chongqing will initially produce the latest Focus compact model. Able to churn out up to 150,000 a year, it will take the annual capacity of Ford’s Chinese passenger-vehicle joint venture, Changan Ford Mazda Automobile, to 600,000 vehicles, and Ford’s global capacity in “C-segment” vehicles—the class to which the Focus belongs—to two million. Read more »

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Porsche to recall 20.826 Cayennes in China

Published on February 26, 2012 by Tycho de Feijter

Porsche China

Luxury carmaker Porsche (China) will recall 20.826 vehicles on the Chinese mainland starting from March 23, China’s consumer quality watchdog said Friday.

The vehicles, including Cayenne, Cayenne S, Cayenne S Hybrid, Cayenne Turbo and Cayenne Turbo S models, are being recalled because of a design defect in the vehicles’ headlights, the General Administration of Quality Supervision, Inspection and Quarantine said in a statement on its website.

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