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

0

Volkswagen China forms new investment company

February 7, 2012 by Tycho de Feijter

Volkswagen China investment company

German automaker Volkswagen is preparing to expand financial services in China to tap new business opportunities in after-sales services, car rentals and electric vehicles.

Its wholly owned subsidiary, Volkswagen Financial Services AG, recently founded an investment company in Beijing after receiving the required government approval.

Read more »

0

Infiniti’s China sales up 60 percent in 2011, local production not sure yet

February 7, 2012 by Tycho de Feijter

Infiniti China

Despite massive earthquake and tsunami in Japan last March that interrupted production for months, Japanese carmaker Nissan Motor’s luxury unit Infiniti reported a 60 percent rise in 2011 China sales.

The full-year delivery of 19,075 units maintains China as its second-largest market worldwide for the second straight year. The company said in a statement that it plans to boost sales by 50 percent this year to about 30,000 units and add more than 30 new dealerships.

Read more »

0

China’s MG to hit New Zealand car market late this Month

February 5, 2012 by Tycho de Feijter

MG New Zealand

The born-again British brand MG is set to reappear in New Zealand. Eight MG6 liftbacks and sedans have just arrived in Auckland as demonstration cars ahead of the late-February retail rollout of MG by importers British Motor Distributors (BMD) – a branch of John Fairhall’s Archibald Motor Group that sells European luxury cars such as Audi, Porsche, Jaguar, Land Rover and Volvo in NZ.

Read more »

1

China turns to Domestic brands for Government Cars, Audi to loose

February 5, 2012 by Tycho de Feijter

Hongqi Red Flag China

China’s strong desire to use domestic brands as official vehicles may provide a golden opportunity to revive the country’s two most historic and famous cars, Hongqi (Red Flag) and Shanghai.

Moreover, the revival may have repercussions for Audi AG, which currently supplies the majority of the nation’s official vehicles, said analysts. China is the German luxury-car brand’s largest market.

Read more »

0

Volvo reports record sales in 2011

February 5, 2012 by Tycho de Feijter

Volvo 2011 Sales Record

Net sales of the Swedish Volvo group in 2011 reached a record high level of 310.3 billion Swedish kronor ($46 billion), up 17.2 percent compared to 2010, said the company in its annual fiscal report on Friday.

Volvo’s income after taxes last year rose to 18.1 billion Swedish kronor, up 61.6 percent from the year before, while the company registered the highest net sales, operating income and margin, said the report.

Read more »

0

Jaguar Land Rover and Chery might announce JV at Beijing Auto Show

February 3, 2012 by Tycho de Feijter

Jaguar China

Reuters cites “two people with direct knowledge of the matter” who are saying that Jaguar Land Rover (JLR) and Chery Auto are working out the final details of a deal to start a joint venture for making JLR-cars in China. Read more »

0

New Hongqi C131 to be China’s next ‘government car’?

February 3, 2012 by Tycho de Feijter

According to Chinese sourced cited by Businesweek the Chinese government has decided that the upcoming Hongqi (Red Flag) C131 will be China’s next official government car for minister-level officials.

Read more »

0

China’s Youngman bids for bankrupt Saab again

February 3, 2012 by Tycho de Feijter

Saab China

Chinese group Zhejiang Youngman Lotus Automobile has made a fresh bid for Swedish carmaker Saab, which went bust in December, Swedish radio reported on Thursday, citing sources.

Saab, one of Sweden’s best-known brands, shut down production early last year after running out of money and was finally declared bankrupt after protracted rescue efforts by owner Swedish Automobile.

Read more »

0

Lexus China wants to sell 50% more cars this Year

February 2, 2012 by Tycho de Feijter

Lexus China

After a year of sluggish growth partly due to a massive earthquake and tsunami in Japan last March, Toyota’s luxury unit Lexus aims to boost sales in China by more than 50 percent to 88,000 units this year. The company said in a statement that by the end of the year, it will have 100 authorized dealer outlets in operation, up from the 81 dealerships to date.

Read more »

0

New Roewe 750 gets a ‘Shanghai’-brother

February 2, 2012 by Tycho de Feijter

New Roewe 750

Earlier this week we heard that SAIC will revive the good old ‘Shanghai’ brand. At the time however we didn’t know for which cars they wanted to use it. Now we do. The new Roewe 750 (pic) will also be sold under the Shanghai brand, likely as ‘Shanghai 750′.

Read more »