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

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Maserati to recall 222 cars in China

February 9, 2012 by Tycho de Feijter

Maserati China

Italian luxury car-maker Maserati will recall 222 vehicles imported to the Chinese mainland due to defective rear lamps, China’s quality watchdog said Wednesday.

The recall, which began Wednesday, includes the GranTurismo, the GranTurismo S and GT GranCabrio models produced between June 6, 2008, and April 29, 2010, the General Administration of Quality Supervision, Inspection and Quarantine said in a statement.

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Nissan China Sales up 21.9% in 2011

February 8, 2012 by Tycho de Feijter

Nissan China

Nissan China sold 1.24 million Nissan and Infiniti vehicles in China in 2011, a 21.9% increase from the previous year. Although Nissan is a relative new comer in China, it managed to accelerate its expansion with partner Dongfeng Motor.

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GM China Sales Down 8% In January

February 8, 2012 by Tycho de Feijter

GM China sales

Automaker General Motors Co. on Tuesday said sales in China in January slipped 8 percent from last year, but improved 25.3 percent sequentially, amid three fewer shopping days due to the Lunar New Year Holiday.

The automaker and its joint ventures sold 246,654 vehicles in the month. Sales of GM’s lineup of passenger cars totaled 124,073 units, while SAIC-GM-Wuling’s mini-vehicles and passenger cars sold 119,948 units. FAW-GM, GM’s light-duty commercial vehicle joint venture, sold 2,433 vehicles during the month in China.

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SAIC auto sales down 8.48% in January

February 8, 2012 by Tycho de Feijter

SAIC China

Top Chinese automaker SAIC Motor Corp reported its first monthly sales decline in six months in January as automakers and dealerships closed shop for the week-long Lunar New Year holiday.

SAIC, which makes cars in partnership with General Motors and Volkswagen, delivered 380,305 vehicles in the month, down 8.48 percent from a year earlier, it said in a filing with the Shanghai stock exchange on Tuesday.

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China to raise gasoline, diesel prices

February 8, 2012 by Tycho de Feijter

China to raise gasoline, diesel prices

China will raise the retail prices for gasoline and diesel by 300 yuan ($47.53) per tonne starting February 8, the country’s top economic planner said on Tuesday.

The benchmark retail price of gasoline will be lifted by 0.22 yuan per liter and diesel by 0.26 yuan per liter, according to the National Development and Reform Commission (NDRC).

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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.

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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.

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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.

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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.

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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.

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