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.
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.
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.
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 »
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.
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′.