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

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China to curb auto production capacity, promote new-energy cars

March 6, 2012 by Joey Wang

BYD e6 taxi China

China will control the increase in auto manufacturing capacity and encourage mergers and reorganizations in the industry, according to a work report that Premier Wen Jiabao delivered at the nation’s legislature.

The government will promote new-energy vehicles and encourage the scrapping of old vehicles to reduce pollution, according to a separate report today by the National Development and Reform Commission, the country’s top economic planner.

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Jaguar Land Rover, Chery seek approval for joint venture in China

March 6, 2012 by Joey Wang

Range Rover China

Jaguar Land Rover and Chery Automobile Co are seeking regulatory approval for a 17.5 billion yuan ($2.78 billion) car venture in eastern China, two people with direct knowledge of the deal told Reuters on Monday.

The deal marks Jaguar Land Rover’s latest effort to expand its appeal in the world’s largest auto market where luxury sedans and SUVs remain in hot demand even as the overall car market cools.

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Brilliance-BMW sub-brand will be launched in China this year

March 5, 2012 by Tycho de Feijter

Brilliance BMW

At a press conference surrounding the launch of the China-made BMW X1 Mr. Olaf Kastner, president and CEO of Brilliance-BMW, also said that the joint venture would launch a new sub-brand within this year. The sub-brand will focus on new energy vehicles. Read more »

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Toyota aims to sell 1.8 million cars in China in 2015

March 5, 2012 by Joey Wang

Toyota China

Toyota aims to sell as many as 1.8 million cars annually in China in 2015, more than doubling its 2011 level. The top Japanese automaker has set a target to sell 1 million cars in the country in 2012, up 13.3 per cent from the 2011 level, it said in a statement.

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Geely supports government’s plan for buying Chinese cars

March 5, 2012 by Joey Wang

Geely GE concept car

Geely’s Chairman Li Shufu said he “enthusiastically” supports the Chinese government’s plan to limit its car purchases to only domestic brands. At the same time, Li said he hoped the opportunity that this policy provides won’t stop Chinese carmakers from working to improve the quality of their vehicles.

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Toyota launches green strategic plan for China

March 5, 2012 by Joey Wang

Toyota China Yudong Strategic Plan

Promoting environmentally friendly products and technologies will be a core focus of Toyota’s future development for the Chinese car market, according to its new strategy unveiled on March 1 in the capital city. The plan called Yundong, or Cloud Action, is Toyota China’s first-ever strategic plan for its business in the country.

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Bentley sales up 47% this year, thanks to China

March 3, 2012 by Tycho de Feijter

Bentley China

Global sales at luxury-car maker Bentley are up almost 50 per cent so far this year. The Crewe-based firm said it delivered 894 cars to customers all over the world during the first two months of 2012 – up 47 per cent compared with the same period last year.

China and the U.S. are battling to become the company’s biggest market. So far this year Bentley has delivered 324 cars to customers across China, up 66 per cent, while deliveries to U.S. customers rose 29 per cent to 251.

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Toyota China sales up 51.3% in February

March 3, 2012 by Joey Wang

Toyota China Sales

China sales by Japan’s Toyota Motor Corp. and its two local joint venture partners grew 51.3% in February to about 66,800 vehicles, according to a company spokesman.

For the first two months of this year, Toyota sold a total of about 125,500 vehicles, up 1.5% from a year earlier, said the spokesman, Takanori Yokoi.

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Beiqi Foton’s 2011 profits down 30%

March 3, 2012 by Joey Wang

Beiqi Foton China

Beiqi Foton Motor Co, one of China’s largest commercial vehicle manufacturers and part of BAIC, said Friday that its profits slumped nearly 30 percent year-on-year in 2011 due to falling sales.

The company’s profits decreased to 1.15 billion yuan ($182.54 million), while revenues slid 3.45 percent to 51.65 billion yuan, according to a statement filed to the Shanghai Stock Exchange.

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Audi’s 2011 profit up 60%, thanks to China

March 2, 2012 by Joey Wang

Audi China

Audi, which outsold Mercedes Benz for the first time last year to become the world’s second largest luxury carmaker by selling more than 1.3 million cars, bets on China, which is now its largest market ahead of Germany.

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