Archive for the ‘Industry News’ Category

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BMW sales in China up 37% in 2011

Published on January 17, 2012 by Tycho de Feijter

BMW China

Riding the tide of booming luxury car demand in China, BMW reported sales of more than 232,000 vehicles on the mainland last year, a surge of 37.6 percent over 2010.

The record tally, including 217,068 BMWs and 15,518 MINI cars, consolidated China’s position as the carmaker’s third-largest market for a second year after the US and Germany.

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Beijing Auto working on Saab-based SUV

Published on January 16, 2012 by Tycho de Feijter

Beijing Auto C60 SUV based on Saab 9-3

Beijing Auto is working on a new C60 SUV, based on the old Saab 9-3. The SUV will debut as a concept at the Beijing Auto Show in April. Beijing Auto bought the rights for the old Saab 9-5 and 9-3 from General Motors back in 2010. (Saab-fans don’t cry yet, crappy Photoshop is my work).

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GM’s Kevin Wale: China’s car market to top 20 million in 2012

Published on January 15, 2012 by Tycho de Feijter

Cadillac SRX China

General Motors predicts new record, on the back of another.

The Chinese new-car market is on track to top 20 million this year, the first country to do so. So says the boss of General Motors China, the biggest-selling brand in the world’s biggest car market. “I think it will nudge 20 million,” GM China President Kevin Wale said at the Detroit motor show.

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Infiniti to bring stretched M-series to China in June

Published on January 12, 2012 by Tycho de Feijter

stretched Infiniti M-series China

Crappy Photoshop is mine but the story is true; Infiniti will bring a stretched M-series to the Chinese market, it will debut at the Beijing auto Show in April and it will be listed in June. The stretched M has to compete with the Audi A6L, Benz E300L, BMW5Li and the Volvo S80L.

One problem: all those cars are locally made, the Infinity will not and will therefore be much more expensive. Engine: 3.7 V6 with 254kw and 363nm, mated to a 7-speed tiptronic transmission, there will likely be a hybrid version as well. Via: 163.com.

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Growth in China car sales hits lowest level since 1999

Published on January 12, 2012 by Tycho de Feijter

Roewe 350 China

BEIJING – Sales of passenger vehicles in China increased by 2.8 percent from 2010 to 2011, the lowest growth rate recorded since 1999. The decline came as the growth of the country’s economy slowed and the government ceased favoring the industry with stimulus policies.

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$1.2 Million Rolls-Royce Phantom Dragon Edition Sold Out in China

Published on January 12, 2012 by Tycho de Feijter

Rolls Royce Dragon Edition China

Rolls- Royce sold out a $1.2 million Year of the Dragon Phantom model introduced to lure buyers in its biggest market of China, where the company predicts growth will be less “explosive” in 2012.

Chinese customers want highly bespoke cars with features such as drink cabinets and embroidery, Rolls-Royce Motor Cars Chief Executive Officer Torsten Mueller-Oetvoes said today. To meet demand, the company will add dealerships in mainland China’s so-called second-tier cities, adding to the 14 it has in Greater China including Hong Kong, the city with the highest density of Rolls-Royce drivers in that region, he said.

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Ford’s China sales up 7% in 2011

Published on January 11, 2012 by Tycho de Feijter

Ford in China

Ford Motor Co. said its vehicle sales in China totaled 519,390 units in 2011, an increase of 7%, as growth of commercial vehicle sales outpaced that of passenger vehicles. Sales in China by Ford and its joint ventures rose 10% in December to 49,238 vehicles, the company said in a statement. Read more »

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BAIC Motor profit up 46% in 2011

Published on January 10, 2012 by Tycho de Feijter

BAIC logo

Beijing Automotive Group (BAIC), the Chinese partner of Daimler AG and Hyundai Motor Co, Monday said that its profit in 2011 increased by 46.1 percent year-on-year, far beyond the average 8-percent growth for the whole industry in China.

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China waives sales tax on locally made EVs, fuel cell cars

Published on January 9, 2012 by Tycho de Feijter

Changan EV concept

China will waive sales taxes on electric and fuel cell cars made domestically by firms like SAIC Motor and BYD, the finance ministry said on Dec 31, in its latest initiative to shore up the country’s fledgling green car market.

A total of 49 domestically made models, including the Sail electric car developed by SAIC’s car venture with General Motors and two electric cars that will be made at Volkswagen’s two Chinese car ventures, will be exempted from sales taxes, the ministry said in a statement on its website (www.mof.gov.cn). Read more »

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GM China Sales up 8.3% in 2011; new Record

Published on January 9, 2012 by Tycho de Feijter

General Motors Co., the biggest foreign automaker in China, said it expanded sales in the country to a record last year, led by demand for its Buick and Chevrolet sedans.

Deliveries to Chinese dealers in 2011 climbed 8.3 percent from a year earlier to 2.55 million vehicles, the Detroit-based company said in a statement today. Sales of mini commercial vehicles and sedans at GM’s minivan venture with SAIC Motor Corp. rose 4.8 percent to 1.29 million units.

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