Hyundai as made steady progress in China in recent years by courting consumers on reliability and price. Now it’s betting that a new factory and an updated version of its top-selling model will give it the edge it needs to further boost sales of both small cars and more expensive — and more profitable — vehicles.
Hyundai this month will open the 6.5 billion yuan ($1 billion) Beijing plant, where it plans to produce Elantra sedans that are slightly longer and taller than the current model in a bow to the Chinese penchant for space and spice in cars.
BMW said its group vehicle sales in China grew by 31.5 percent in May, accelerating from 30.8 percent in April. Over the first five months of this year, its sales in China rose 34.4 percent to 135,026 vehicles, BMW said on Tuesday.
Shanghai GM, the joint venture between the US automaker General Motors and China’s largest vehicle producer, SAIC Corp, said it set a record for domestic sales in the first five months of the year, helping it maintain a leading position in China’s market for passenger vehicles.
Ford Motor is in talks with its partners to introduce indigenous brands in China, while it focuses on building up its own brand in the world’s biggest auto market, its China chief said on Monday.
Some foreign auto makers have launched so-called indigenous, or China-only, brands with their local partners, in part to comply with Chinese government regulations that allow global carmakers like Ford to manufacture cars in China.
As it battles the dominance of German carmakers in China’s premium segment, Nissan’s luxury unit Infiniti has signed deal to begin local production in the city of Xiangyang, Hubei province in 2014.
On May 28, the joint venture between Nissan and Dongfeng Motor Corp signed an agreement with the local government in Xiangyang to produce Infiniti brand vehicles in the city where the partnership now makes Nissan’s mid-sized sedan Teana and the Murano SUV. Read more »
Sales in China by Japan’s Toyota Motor and its two local joint venture partners doubled in May from a year earlier to about 78,700 vehicles, a company spokesman said on Friday, noting the base effect from last year’s earthquake.
For the first five months of this year, the Japanese automaker sold a total of about 372,000 vehicles, a 26.1 per cent increase from the same period last year, said the spokesman, Mr Hitoshi Yokoyama.
Volkswagen Saturday announced a wide-ranging management reshuffle to intensify efforts in China. The company created a management board position dedicated solely to China – it’s single largest market – which will be filled by Jochem Heizmann, who has been heading up the group’s commercial vehicles businesses.
A long standing problem for Volkswagen in China that seems to get bigger by the day. It all started in March when Chinese car buyers started to complain about DSG gearboxes. Volkswagen said there was nothing wrong.
Buyers then went to China’s quality watchdog, the ‘General Administration of Quality Supervision, Inspection and Quarantine’, which started an investigation that is still ongoing, a recall however has not been ordered yet. Volkswagen maintains that the DSG gearboxes are fine but decided to extend warranties to “restore consumer confidence”. Read on for the latest report on this case from China’s state media:
Jaguar Land Rover, the Indian-owned car manufacturer based in Britain, reported records sales driven by strong demand in China and other emerging markets, the company said on Tuesday. The luxury car maker made an annual pre-tax profit of 1.5 billion pounds ($2.3 billion) in the year ending March 2012, up from 1.12 billion pounds the previous year.
BMW Brilliance Automotive officially opened its new plant in Tiexi district of the Liaoning provincial capital Shenyang on May 24, marking a new milestone in the automaker’s localization in China.
As the newest member of BMW’s global production network, the Tiexi plant combines the advanced technology of today and the environmentally friendly production for which BMW Group is famed. The company said the facility has further enhanced the position of China in BMW Group’s worldwide strategy and the overall strength of BMW in the Chinese premium market. Read more »