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

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

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

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

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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Geely and Volvo to set up joint venture in China, plan sub-brand

February 24, 2012 by Tycho de Feijter

Volvo China

Zhejiang Geely Holdings Group Co said on Wednesday that it plans to set up a joint venture with unit Volvo Car Corp in China and hopes to announce a project to develop and produce an indigenous brand of cars with Volvo in two months.

Geely, which bought Volvo Car in 2010 and controls Hong Kong-listed Geely Automobile Holdings Ltd, would set up a 50/50 joint venture with Volvo, spokesman Yang Xueliang quoted Chairman Li Shufu as saying.

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Meet the Dianyue, Kia to launch new sub-brand in China

February 23, 2012 by Tycho de Feijter

Dongfeng-Yueda-Kia Dianyue

‘Dianyue’ is a new sub-brand from the Dongfeng-Yueda-Kia joint venture. Logo is a rather cool-shaped ‘X’ and the old rebadged first-gen Kia Cerato on pic is their first yet nameless car.  There will be patrol engines and an electric powered version that has a 110 km/h top speed. An that, is all we know for now. More news on Dianyue when we get it… Via: Autohome.

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Geely to assemble cars in Egypt

February 23, 2012 by Tycho de Feijter

Geely Egypt

Economic growth is slowing in China and Western markets are a tough sell, so Geely is turning to emerging markets and most recently to Egypt.

Geely and an Egyptian car-assembly company said Wednesday they plan to start assembling Geely cars this year for sale across North Africa. The Chinese auto maker and Egypt’s GB Auto SAE plan to produce up to 30,000 cars annually in a few years and eventually hit 50,000 cars a year, a person close to Geely said.

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Ford expects moderate growth in China this year

February 22, 2012 by Tycho de Feijter

Ford China

Ford expects China’s vehicle sales to rise “about 5%” in 2012, the auto maker’s regional head said, forecasting a second year of relatively moderate growth for the world’s largest car market after years of double-digit surges.

But Joseph Hinrichs, president of Ford Asia-Pacific and Africa, said the U.S.-based company expects its own sales to exceed the industry average, despite a weak start, as it expands production facilities and introduces new models.

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Lamborghini to unveil SUV concept at Beijing Auto Show in April

February 22, 2012 by Tycho de Feijter

Businessweek reports that Lamborghini will unveil a SUV concept at the Beijing Auto Show in April. The production version ‘may be’ available by 2016. Businessweek got the news from ‘a person familiar with the Sant’Agata Bolognese-based company’s plans who declined to be identified’.

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Bulgaria opens Great Wall car plant, hopes for more Chinese investments

February 22, 2012 by Tycho de Feijter

Great Wall Bulgaria factory opening

L-R: Chinese Ambassador to Bulgaria Guo Yezhou, Litex Motors owner Grisha Ganchev, Great Wall CEO Wang Feng Ying, Bulgarian PM Borisov, Bulgarian EconMin Traikov at the Litex Motors factory opening.

Bulgaria has formally launched of mass production of cars under the Chinese Great Wall badge by Litex Motors near the northern city of Lovech.

The car manufacturing plant near Lovech comes to life seventeen years after Bulgaria’s last failed attempt to revive its automobile industry. The first car of the Chinese company Great Wall assembled near Bulgaria’s Lovech was rolled out in the middle of November 2011.

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Great Wall Motor opens factory in Bulgaria

February 22, 2012 by Tycho de Feijter

Great Wall Bulgaria

Great Wall Motor has become the first Chinese carmaker to open an assembly plant in Europe as it aims to lift sales in the region. The factory, in the northern village of Bahovitsa in Bulgaria, will eventually produce 50,000 vehicles a year.

The facility was built together with Great Wall’s Bulgarian partner Litex Motors. It will manufacture Great Wall’s Hover SUV, Steed pick-up and Voleex city car models.

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