BYD to Launch World’s First Fully Electric Bus

BYD to Launch World’s First Fully Electric Bus
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It’s not clear if Chinese automaker BYD is more famous because of its billionaire investor Warren Buffet, or because of its continued failed promises to sell cars in North America. Soon, however, you might recognize the brand as your emissions free transportation to and from the office. That’s because BYD is preparing to launch its… Continue Reading...

Volvo Owner Geely Insterested in Saab

Volvo Owner Geely Insterested in Saab
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Saab‘s days as an automaker might not yet be numbered. According to a recent report a Chinese automaker may be interested in purchasing the bankrupt automaker. “I’ve heard this one before,” you’re probably thinking to yourself. But this time it’s different…. we promise. According to Sweden’s Dagens Industry, the interested Chinese suitor is none other… Continue Reading...

Chryser/Fiat CEO Sergio Marchionne Warns Industry Of Rising Chinese Automakers

Chryser/Fiat CEO Sergio Marchionne Warns Industry Of Rising Chinese Automakers
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Fiat CEO and the auto industry’s wise old grandpa, Sergio Marchionne, warned the industry that “the day of reckoning is inevitably coming,” when Chinese automakers begin exporting on a massive scale. Marchionne is usually regarded as being “usually four steps ahead of everybody else,” according to Chrysler executives. It’s no surprise then that his warning,… Continue Reading...

Chinese Car Buyers Prefer European Over Asian Cars

Chinese Car Buyers Prefer European Over Asian Cars
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The masses have spoken, and they are numerous: China’s rapidly-growing car consumers are more likely to choose European brands than two years ago, instead of Japanese and homegrown Chinese cars. J.D. Powers surveyed China’s buying habits, and found that 32% would buy a European car—up from just 25% in 2009. The figures for Japanese car… Continue Reading...
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BYD Raises $219 Million In IPO, Thanks To Warren Buffett: Still Lower Than Expected

BYD Raises $219 Million In IPO, Thanks To Warren Buffett: Still Lower Than Expected
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Warren Buffett and Chinese carmaker BYD have raised 1.4 billion yuan, or $219 million, in their initial public offering in Shenzhen. While seemingly impressive, the figure was below expectations. Investors were worried over how well the company would perform, and lacked confidence for the company. BYD had hoped to raise 2.19 billion yuan, or another $34… Continue Reading...

Saab Chinese Funding Deal Means Spyker Gets Name Change

Saab Chinese Funding Deal Means Spyker Gets Name Change
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As part of Spyker’s capital-raising efforts for its ailing Saab brand, the Dutch automaker is entering into talks with Chinese automotive company Pang Da, and will have to rename itself as Swedish Automobile N.V. as part of the deal. In return, Saab will get a $42 million cash payment, ostensibly to help pay Saab’s substantial… Continue Reading...

Volkswagen To Launch New Brand Dubbed Kaili In Partnership With FAW, EV Coming

Volkswagen To Launch New Brand Dubbed Kaili In Partnership With FAW, EV Coming
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Volkswagen will partner with Chinese automaker FAW to launch a new brand, which will build and sell electric cars for Chinese consumers. Plans were submitted to the Chinese government, although details of the vehicle weren’t publicly disclosed. Honda, Nissan and General Motors have recently expanded into creating their own Chinese market brands in partnership with… Continue Reading...

Chinese Automaker SAIC Considering Expanding into U.S. Market

Chinese Automaker SAIC Considering Expanding into U.S. Market
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China’s largest carmaker, Shanghai Automotive Industry Corporation (SAIC), is among a bunch of Chinese automakers looking to expand into the American market. Before they can form more concrete plans, however, National Highway Traffic Safety Administration official David Strickland visited China to explain U.S. safety standards, and touring the SAIC plant. Despite the reputation Chinese automakers currently have… Continue Reading...

Volkswagen To Create Sub-Brand For China

Volkswagen To Create Sub-Brand For China
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Following the lead of General Motors, Honda and Nissan, Volkswagen is looking into creating a sub-brand for the Chinese market, which would sell ultra-affordable compact cars in the world’s biggest auto market. “A local brand is our opportunity to participate in segments where Volkswagen is not represented yet,” said Volkswagen China’s CEO Wolfgang Neumann, in… Continue Reading...

Volvo Says China To Be “Second Home Market”

Volvo Says China To Be “Second Home Market”
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Although Volvo is traditionally associated with all things Swedish, but Volvo’s new chairman is hoping to put down serious roots in China as well. “We are looking at a strategy of making China a second home market. Today we mainly only have one home market, in Sweden,” Volvo Cars China Chairman Freeman Shen said, in… Continue Reading...

New MG Cars Debut In China

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New MG Cars Debut In China
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You may have never heard of Guangzhou, China, but with nearly 12 million people, the industrial metropolis is a major player in the Chinese auto market. Making its debut at the show is one of China’s most anticipated new cars, the MG3 hatchback and MG6 sedan. Although Chinese cars are a laughing stock in much… Continue Reading...

REPORT: China To Drop Joint Venture Requirement For Foreign Car Companies

REPORT: China To Drop Joint Venture Requirement For Foreign Car Companies
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China is looking at doing away with their mandatory rule forcing automakers to enter into 50/50 joint ventures with local Chinese auto makers. This arrangement allows Chinese automakers to gain knowledge from auto makers that are already established, allowing for a an accelerated learning curve while keeping some of the profits at home. However, the… Continue Reading...

SAIC Looking To Buy GM IPO Shares

SAIC Looking To Buy GM IPO Shares
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General Motors upcoming IPO is attracting a lot of attention, not least from Chinese car manufacturer SAIC. A long time partner of the General, SAIC is looking to buy a significant portion of GM’s IPO, and with nearly $6 billion in cash reserves, the company is in a good position to do so. According to… Continue Reading...

Citroen Metropolis Heads For Production, Will Spearhead Luxury Push Into China

Citroen Metropolis Heads For Production, Will Spearhead Luxury Push Into China
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Citroen is going to enter the large luxury car market with a production version of the Metropolis concept car. The Metropolis will likely be badged as a DS9, and be positioned as a flagship to the company’s DS range, which currently markets a line of premium hatchbacks in Europe. The Metropolis is unique in that… Continue Reading...

GM China Outsells North America

GM China Outsells North America
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General Motors’ Chinese division is on track to outsell its American unit, a not entirely surprising development in light of the sheer enormity of China’s auto market. GM China has been bolstered by the strength of their two domestic nameplates, Baojun and Wulin (seen above), which are popular in export markets as well as in… Continue Reading...

Volkswagen To Offer Stretched Passat For Chinese Market

Volkswagen To Offer Stretched Passat For Chinese Market
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The Chinese market has a series of peculiar tastes, the most well-known being their love of stretched mid-size sedans. While China gets cars like the BMW 7-Series, Mercedes-Benz S-Class and other full-size luxury cars, stretched versions of everything from the BMW 5-Series to the Skoda Superb come in long-wheelbase versions, ostensibly for budding executives who… Continue Reading...

Nissan Launches New Brand For Chinese Market

Nissan Launches New Brand For Chinese Market
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Nissan has announced a new brand for the Chinese market, known as Venucia, or Qi Chen in Chinese. The cars will be developed, launched and sold in partnership of Dongfeng Nissan, the local arm of the Japanese automaker. “In the future, we aim to sell more than one million vehicles annually and the new brand… Continue Reading...

Chinese Government Greenlights Geely-Volvo Sale

Chinese Government Greenlights Geely-Volvo Sale
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China’s Ministry of Commerce and its National Development and Reform Commission has signed off on a deal that will let Chinese carmaker Geely to purchase Volvo from Ford for $1.8 billion. “We have received all approvals required from the central government,” Ning Shuyong a spokesman from Geely, told Reuters. “We are currently working on closing… Continue Reading...

Former GM Worker Indicted In Industrial Espionage Case

Former GM Worker Indicted In Industrial Espionage Case
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A former GM employee and her husband have been indicted by a federal grand jury in Detroit in an industrial spying case. Ex-GM worker Shanshan Du and her husband Yu Qin are accused of photocopying thousands of documents relating to hybrid vehicle technology. Prosecutors allege that the couple attempted to pass the documents on to… Continue Reading...

Chinese Automaker May Buy Ford Escape Tooling

Chinese Automaker May Buy Ford Escape Tooling
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The Ford Escape has been around for nearly a decade now, but it may live on even after it leaves the North American market. Reports say that Chinese automaker Jiangling will acquire the tooling for the first generation Ford Escape, which was sold in certain world markets as the Ford Maverick. The rumors have appeared… Continue Reading...

BMW To Build Stretch 3-Series For Chinese Market

BMW To Build Stretch 3-Series For Chinese Market
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The Chinese auto market has a strange fascination with stretched versions of compact and mid-size sedans, the the stretched BMW 5-Series (pictured), the Audi A4L and the stretched Mercedes-Benz E-Class to name a few. BMW wants a bigger piece of the action and is teaming of with Chinese automaker Brilliance (yes, that Brilliance) to build… Continue Reading...

Hyundai’s Biggest Market Is China, Not Korea

Hyundai’s Biggest Market Is China, Not Korea
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China is the world’s biggest auto market in the world, so it might not be so surprising that China is also Hyundai‘s new biggest market, after the automaker sold more cars in China than Korea for the second straight month. Buoyed by the success of the Yuedong (aka our Elantra) and the Tuscon crossover, Hyundai… Continue Reading...

Report: Jaguars, Land Rovers To Be Built In China

Report: Jaguars, Land Rovers To Be Built In China
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Nearly 13 years ago today, Britain handed over sovereignty of Hong Kong to the Chinese government, ending a 99-year lease on the territory, and signaling the end of a British presence in China. Now, reports from various news agencies say that India’s Tata Motors is looking at building Jaguar and Land Rover assembly plants in China. Like… Continue Reading...

BYD And Daimler To Collaborate On EVs In China

BYD And Daimler To Collaborate On EVs In China
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Daimler, parent company of Mercedes-Benz and BYD, China’s fastest growing car company, established a joint venture to develop electric cars in China. Based in the industrial city of Shenzen, the two companies respective experience with electric cars complements one another. BYD is experienced with battery and drivetrain systems, while Daimler will bring their knowledge of… Continue Reading...
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