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...

China’s Chery Takes Aim At European Market

China’s Chery Takes Aim At European Market
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In order to be sold in Europe, the Qoros will have to meet, among other things, NCAP safety standards; a goal has been set of achieving five-star crash status and former Mini design direct Gert Hildebrand has signed up to work on the project, while Austrian company Magna-Steyr is reported to be actively involved. Continue Reading...

GM and China’s SAIC Join Forces for EV Development

GM and China’s SAIC Join Forces for EV Development
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Tim Lee, president of GM’s International Operations believes that this latest joint venture, which builds on partnerships established by the US auto giant and SAIC for 15 years, represents a broad range of benefits made possible by the commitment of the two companies in this venture, as well as representing an “unprecedented level of cooperation.” Continue Reading...

Spyker Says Saab Won’t Meet 2011 Production Targets

Spyker Says Saab Won’t Meet 2011 Production Targets
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In a further effort to help restart production, Saab also said that it was raising funds from shareholders, “pursuing various initiatives to improve the group’s liquidity” in the words of the company, but declined to elaborate any further. Continue Reading...