Chinese Car-Buyers Prefer Foreign Automotive Brands

Chinese Car-Buyers Prefer Foreign Automotive Brands
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China is the wild, wild east of the automotive industry. Home to more than 1 billion people and counting, it’s a hugely important market for car companies. There are many domestic brands over there but curiously foreign companies are making significant headway. Continue Reading...

Lotus Owner Seeks Chinese Buyer for Brand: British MP Says

Lotus Owner Seeks Chinese Buyer for Brand: British MP Says
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Lotus‘ Malaysian owner DRB-Hicom is seking a Chinese buyer for the brand as recently as last night, flying in the face of information included in the automaker’s much-publicized “rant” press release from April 12. Continue Reading...

Youngman Extends Another Bid For Saab

Youngman Extends Another Bid For Saab
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Just when it seemed Saab would be gone from news headlines for good, Youngman swooped in again to make a bid. Apparently the company hasn’t given up on getting Saab back up and running. According to Dagens Industri, a Swedish business news organization, the Chinese firm is submitting a £430 million offer, or about $560 million…. Continue Reading...

Daimler, BYD to Preview Electric Vehicle Prototype At 2012 Beijing Auto Show

Daimler, BYD to Preview Electric Vehicle Prototype At 2012 Beijing Auto Show
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Last year, Germany’s Daimler AG and the Chinese BYD Auto have formed a 50-50 joint R&D venture called “Shenzhen BYD Daimler New Technology Co. Ltd.” to pursue a new brand that will focus on the development of pure electric vehicles for China. Now, the two automakers have revealed intentions to introduce a new electric vehicle concept… Continue Reading...

IndyCar Will Hold A Race In China For Next Season

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IndyCar Will Hold A Race In China For Next Season
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The IZOD IndyCar Series will be brought to China for the first time in a race scheduled on August 19, 2012. Held in Qingdao, China, located between Beijing and Shanghai, this coastal city has previously hosted the 2008 Summer Olympic sailing competitions. Until finances can provide for a proper racing circuit to be constructed, a 6.2… Continue Reading...

Chinese Buyers Pledge $850M in Long Term Saab Funding

Chinese Buyers Pledge $850M in Long Term Saab Funding
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After much back and forth over the past months between Swedish Automaker Saab and Chinese suitors Pang Da Automobile Trade Co. and Zhejiang Youngman Lotus Automobile Co., it seems like funding for Saab is very much back. The Chinese companies have both agreed to buy the Swedish automaker, providing the company with some much needed… Continue Reading...

Buick Envision Concept Headed to Production

Buick Envision Concept Headed to Production
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While currently operating brands Buick, Chevrolet, Cadillac, and Wuling in China, the very first China division GM crossover, the Buick Envision, will come to market next year, according to a report from the Beijing Times Newspaper. Shanghai GM first introduced the Envision concept at the 2011 Shanghai Auto Show and presented a very progressive shape,… Continue Reading...

Saab To Reach Deal With Chinese Investors By End Of this Year

Saab To Reach Deal With Chinese Investors By End Of this Year
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After more than a year of struggle under Spyker’s management, many thought Saab would have succumbed to its financial woes already, yet somehow the Swedish automaker has been able to pull a few tricks out its bag just as it would seem that its luck had run out. The latest reports indicate that Saab’s two… Continue Reading...

Volvo Concept You Has a Very Chinese Feel: Frankfurt Auto Show 2011

Volvo Concept You Has a Very Chinese Feel: Frankfurt Auto Show 2011
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There’s something really Chinese about the Volvo Concept You but I just can’t quite put my finger on it. And I’m actually Chinese. That there is an oriental feel shouldn’t be a surprise. The Concept You is an evolution of the Concept Universe revealed earlier this year at Auto Shanghai earlier this year. Volvo sought… Continue Reading...
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