0

Ferrari sold 784 cars in Greater China in 2012

February 21, 2013 by Joey Wang

Ferrari sold 784 cars in Greater China in 2012

Italian automaker Ferrari released record figures for its business performance for 2012 despite the global economic turmoil. The company’s total revenue increased 8 percent to 2.43 billion euros ($3.25 billion), while net profit rose 17.8 percent to 244 million euros.

China, including the mainland, Hong Kong and Taiwan, remained the Italian brand’s second-largest market in its four major regional markets — the United States, Europe, Greater China and Far East. Ferrari sold 784 units of its sports cars in the Greater China region (China plus Macau and Hong Kong), 4 percent more than in the previous year, with almost 500 units going to mainland consumers. Read more »

0

Geely and Volvo to set up R&D center in Sweden

February 21, 2013 by Joey Wang

geely-volvo-china-1

Geely Holding, majority owner of Volvo Car Corporation (Volvo Cars) and Geely Auto, will establish a Research and Development Centre in Gothenburg, Sweden. The Centre will develop a new modular architecture and set of components for future C-segment cars, addressing the needs of both Volvo Cars and Geely.

The Centre will be run by Mats Fagerhag, currently Vice President at Product Strategy within Volvo Cars, and leverage on the Volvo technology leadership within Geely Holding. The new R&D Centre will employ approximately 200 full-time employees.

Read more »

1

Geely in the lead for buying Fisker

February 21, 2013 by Joey Wang

Geely in the lead for buying Fisker

China’s Zhejiang Geely Holding Group is favoured to secure a majority stake in troubled U.S. electric car maker Fisker Automotive, according to two sources familiar with Fisker’s search for a strategic investor or partner.

Fisker, the Anaheim-based plug-in hybrid maker, is currently weighing bids from two Chinese auto makers: Geely, the owner of Sweden’s Volvo, and state-owned Dongfeng Motor. The interest in Fisker reflects China’s strong push into alternative fuel cars as it seeks to foster the green technology sector and clear the increasingly polluted skies of its cities.

Read more »

0

Porsche 911 Turbo has a License in China

February 20, 2013 by Tycho de Feijter

Porsche 911 Turbo has a License in China

A fantastic Porsche 911 Turbo painted in Carrera White, seen parked on a bicycle lane not far from my home in Beijing. The superfast 997 911 Turbo has the best license plate in the business: 997P1, and that is even better than 91111.

Read more »

1

China Car History: Anda’er AAQ6370

February 20, 2013 by Tycho de Feijter

China Car History:  Anda’er AAQ6370

Today in China Car History the extremely rare Anda’er AAQ6370 mini-MPV. The Anda’er AAQ6370 was made by the Anhui Anqing Auto Works, a small Chinese automaker based in the great city of Anqing in Anhui Province. The AAQ6370 was produced from 1998 until 2003. Numbers were very small, Anhui Anqing made at most 5000 over five years.

Read more »

0

BMW 525Li is psychedelic Purple in China

February 20, 2013 by Tycho de Feijter

BMW 525Li is psychedelic Purple in China

A psychedelic purple BMW 525Li seen parked on a street in the great city of Chengdu in Sichuan Province. The brilliant wrap confuses the eye to the max, an effect that will get even better after a few beer. Strangely the mirrors are not psychedelic purple but just purple. Freak out man… Read more »

0

Spy Shots: faclifted Kia Forte testing in China

February 20, 2013 by Joey Wang

Spy Shots: faclifted Kia Forte testing in China

New spy shots of the facelifted Kia Forte testing in China, it will debut on the Shanghai Auto Show in April and it will be launched on the Chinese car market soon thereafter. The facelift includes a new grille, new head lights, new rear lights, new bumpers and an updated interior.

Read more »

1

Spy Shots: Beijing Auto C50E seen road testing in China

February 20, 2013 by Tycho de Feijter

Spy Shots: Beijing Auto C50E seen road testing in China

New spy shots from the Beijing Auto C50E, a new sedan that will be launched on the Chinese car market later this year, positioned under the Beijing Auto C70G/Shenbao. The C50E debuted as a concept car on the Beijing Auto Show in April last year. Read more »

0

Audi TT is matte gray-ish blue and black in China

February 20, 2013 by Tycho de Feijter

Audi TT is matte gray-ish blue and black in China

A strange Audi TT seen in the Sanlitun beer district in Beijing. The front is in black, the rest of the vehicle in matte gray-ish blue. The alloys are in matte black, and the mirrors are in shiny black. This This Audi TT is not exactly pretty and not even that flashy, but certainly very special…

Read more »

0

Spy Shots: Volkswagen Golf 7 gets Ready for the Chinese auto market

February 20, 2013 by Joey Wang

Spy Shots: Volkswagen Golf 7 gets Ready for the Chinese auto market

The best spy shots so far of the China-made Volkswagen Golf 7, it will debut on the Shanghai Auto Show in April and it will be launched on the China car market soon thereafter. The Volkswagen Golf is made in China by the FAW-Volkswagen joint venture.

Read more »