Archive for the ‘Industry News’ Category

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New Roewe 750 gets a ‘Shanghai’-brother

Published on 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′.

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SAIC Motor forcasts over 40% rise in 2011 profit

Published on February 2, 2012 by Tycho de Feijter

China SAIC

Top Chinese automaker SAIC Motor Corp Ltd has forecast a rise of more than 40 percent in 2011 net income on solid demand for German and American marques made at its Shanghai ventures.

“Growth was under expectations, but investors could be more bothered about the outlook for 2012,” said Cao Xuefeng, head of research at Huaxi Securities in Chengdu.

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Fiat-Chrysler in talks to produce Jeeps in China

Published on January 31, 2012 by Tycho de Feijter

Jeep China

The Fiat-Chrysler group is in intense negotiations with the Guangzhou Automobile Group on a possible joint venture to produce Jeeps in China, for the Chinese market.

Fiat SpA already has established a joint venture with Guangzhou. It is putting the final touches on a new compact for China that will be based on the same architecture as the recently unveiled 2013 Dodge Dart.

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New foreign auto investment rules begin in China

Published on January 31, 2012 by Tycho de Feijter

New foreign auto investment rules begin in China

China has withdrawn support for foreign investment in auto manufacturing under new rules that took effect Monday, as it seeks to encourage the domestic industry in the world’s largest car market.

The guidelines — released by the National Development and Reform Commission (NDRC) and the Commerce Ministry on December 30 — signal an end to incentives for foreigners and discourage fresh projects in China.

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SAIC to resurrect ‘Shanghai’ brand-name

Published on January 30, 2012 by Tycho de Feijter

SAIC will resurrect the good old Shanghai brand-name. SAIC stands for Shanghai Auto Industry Corporation, SIAC started life as ‘Shanghai Automobile’ building Shanghai-branded cars from 1958 until 1991. The cars were not very good and when the foreign brands started to arrive in the 1980′s nobody wanted a Shanghai anymore.

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China’s Largest Electric Car Charging Station Opens in Beijing

Published on January 30, 2012 by Tycho de Feijter

China's Largest Electric Car Charging Station

China’s largest electric vehicle (EV) charging and battery swapping station has been put into operation in Beijing, sources with the city’s power supply authorities said Sunday.

Gaoantun charging station, located in the eastern Beijing district of Chaoyang, has been installed with more than 10 types of EV charging or battery swapping machines, covering all charging modes that are available in China.

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Great Wall to Start making Cars in Bulgaria on February 21

Published on January 27, 2012 by Tycho de Feijter

Great Wall Steed Bulgaria

Chinese automaker Great Wall Motor will open on February 21 a plant in Bulgaria, producing the first Chinese cars assembled in Europe, its local partner Litex Motors said Thursday.

The plant in the northern village of Bahovitsa near Lovech has been test-producing since mid-November. It has a planned annual capacity of 50,000 cars for the Bulgarian and European market and will employ up to 2,000 people.

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BMW recalls 3,406 Mini Coopers in China

Published on January 20, 2012 by Tycho de Feijter

Mini China

German auto giant BMW Group will recall 3,406 Mini Cooper vehicles imported into China since February 1 due to defective electric water pumps, as they may present a fire hazard.

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Youngman to Bid $731 million for Saab

Published on January 20, 2012 by Tycho de Feijter

Saab China

China Youngman Automobile Group Co., Ltd. will submit a bid of about SEK5 billion ($731 million) for bankrupt Saab Automobile, owned by Swedish Automobile, Swedish business daily Dagens Industri reports, citing a person familiar with the situation.

According to the daily, Youngman is prepared to invest an additional SEK5 billion to develop new models for the Phoenix platforms.

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Swedish Delegation Heads to China on Sale of Saab

Published on January 19, 2012 by Tycho de Feijter

Saab China

Well, there we go again…

A Swedish delegation made up of government officials, representatives from the Swedish automobile company Saab was on the way to China on Wednesday for meetings with Chinese car manufacturer Youngman which is interested in purchasing Saab, reported Swedish media.

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