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.
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 »
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.
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.
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.
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.
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.
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.