French auto giant Renault aims to produce electric cars in China and sell more luxury vehicles in the world’s biggest auto market, its chief executive says.
‘The Chinese government said recently that it is not possible to increase capacities or set up in China without bringing certain innovations,’ noted Ghosn during a conference with analysts on the group’s annual earnings.
The Dongfeng Xiao Kang, a well-known minitruck model of China, has been put into mass production in Thailand to address rising local demand, the company announced on Thursday.
The factory, located in Gateway Industrial Estate in Cha Choeng Sao province, is estimated to produce 5,000 units of minitrucks per year, Pitaya Tanadamrongsak, managing director of DFM minitruck (Thailand), Dongfeng Motor’s exclusive dealer in the country.
PSA Peugeot Citroen’s car venture in southern China said on Thursday that it is on schedule to bring its DS models to China in the second quarter, denying a media report that claimed otherwise. Changan PSA Automobile (CAPSA) plans to open 16 dealership outlets in China initially and 13 are already under construction, it said in a statement.
PSA Peugeot Citroen’s car venture in south China might have to postpone its plan to sell imported Citroen DS models as it has been unable to find any dealers, the Shanghai Securities News said on Thursday. The setback will likely also delay plans to manufacture the DS-range in China, production was scheduled to begin in 2013. Read more »
The China-made Chevrolet Sail and the Wuling Hongguang will be listed on the Indian car market this year. The Wuling will be rebadged as ‘Chevrolet’ but its name is not sure yet, for now it is simply called the ‘Chevrolet MPV’.
China’s State Administration of Taxation (SAT) said Tuesday that the recently-enacted new vehicle and vessel tax law will cut 3 billion yuan ($476.59 million) in taxes for owners of mid- and small-sized cars in 2012.
The Vehicle and Vessel Tax Law, which became effective January 1, levies moderately higher taxes on passenger vehicles with an engine size between 2 liters and 2.5 liters and much higher taxes on those with an engine size above 2.5 liters.
Volkswagen AG’s two joint ventures in China plan to start making electric cars in 2014 and to ramp up to mass production by 2018, its China chief said on Tuesday.
Initial EV output at Shanghai-Volkswagen and FAW-Volkswagen was estimated at a few thousand vehicles, rising to 100,000 by 2018, the president and chief executive of Volkswagen’s China operations, Karl-Thomas Neumann, told an EU-China business convention in Beijing.
Chinese busmakers and automakers alike have gone school bus crazy. The reason: the central government is pumping out a lotta money for new school buses after some very nasty accident with very unsafe buses that left over 50 children dead.
In an earlier article I introduced the matter and three brand-new school buses from China, today we have number four. Yez, when there is money around all suddenly care… This is the Kinglong XMQ6900ASD4 ‘Smart School Bus’ from busmaker Kinglong, aka Golden Dragon, Jin Long in Chinese, from the great city of Xiamen in Fujian Province.
Automotive News reports that Ford is ‘considering’ selling the Shelby GT500 in China (and the other Mustangs?). Well, it is about time Ford stops considering things and start selling stuff. GM has big success with the Camaro in China, even so much that it designed a special China-only Transformers Edition. More via Motortrend:
The Shelby GT500 is a distinctly American supercar, but it might not be for long: the Michigan-made ponycar may finally be sold, by Ford, in markets like China and Brazil.
China’s auto exports hit 849,000 units last year, the highest level seen since the onset of the global financial crisis, the automobile branch of the China Chamber of Commerce for the Import & Export of Machinery & Electronic Products (CCCME AUTO) said on Wednesday.