“Ford is trying to get the deal done with Zhejiang Geely Holding Group within the next several weeks,” a Ford spokesman said to Dow Jones Newswire. Ford is sticking with Geely, and is pouring cold water on rumors that Ford is entertaining other bids and bidders.
Sweden’s Dagens Industri had reported on Tuesday that Volvo’s CEO Stephen Odell had intimated that “Ford is open to talk with others. Those who say that the door is shut can go to Ford and talk with them whenever they like.” Looks like it’s wishful thinking. Sure, anybody can talk to Ford (if their call is taken.) But they will receive only one answer: “No.” (Read More…)
So they say, if you want to be a successful car manufacturer, you must have steel in your DNA, gasoline in your blood, a history reaching back generations, and an annual output of at least 5m to stay profitable. And even then it’s not a slam dunk, as we are painfully aware.
Up to now, the M.O. of foreign joint ventures operating in China was that precious intellectual property was brought to China, where the working masses would turn it into cars. Now, the Chevrolet Sail marks a, well, change of tide.
Old China hands remember the Buick Sail. For quite a while, the Opel Corsa supermini had popped up all over the world under various guises: Vauxhall Nova, Chevrolet Classic, Holden Barina, Opel Vita, as the Chevy in Mexico, as Swing, Joy, and in China as the Buick Sail. In China, the Sail came down in 2005.
Now, a new Sail is sold in China. Not just made, but developed in China. (Read More…)
It’s definitely official now. The last word in Chinese vehicle sales has the China Association of Automobile Manufacturers (CAAM,) and the CAAM has spoken. Vehicle sales in China last year rose 46.2 percent to 13.64m units. This is not surprising, but it is nonetheless reassuring that the 13.6m number TTAC had reported last week was only 40,000 short. It is equally official that China is the world’s largest auto market, ahead of the U.S.A. by 3m units, more or less.
Vehicle sales in December alone rose 91.7 percent from a year earlier to 1.41m units in China, the CAAM said. Passenger car sales jumped 88.7 percent in the last month to 1.1m units. Full-year 2009 China passenger car sales are up 52.9 percent in 2009 to 10.3m. If passenger cars alone would count, then the truck and SUV happy USA would look like a 3rd world country: According to Automotive News [sub], only 5.7m new “passenger cars” drove off U.S. dealers’ lots in 2009, slightly more than half of what the Chinese bought.
Will the sales boom continue in 2010? Not as mad as in 2009, expects the CAAM. The manufacturers association expects growth to continue at a more moderate pace of 10 percent. This would mean 1.36m units in additional sales, or a total of a little less than 15m. Merrill Lynch is a little more bullish and thinks that the Chinese market will grow to 15.5 million vehicles this year, the Nikkei [sub] reports. A horrific thought to those who are scared that Chinese will use all our oil, and that melting polar caps will destroy the value of our waterfront properties. Wait, it’s getting worse. (Read More…)
Volkswagen and Suzuki aren’t wasting any time in consummating their marriage. VW is thinking of providing its hybrid technology to Suzuki. This is what Ulrich Hackenberg, head of VW’s Forschung und Entwicklung (R&D) told The Nikkei [sub] on the sidelines of the NAIAS in Detroit. As usual for a tight-lipped R&D guy, Hackenberg did not volunteer any details, timing or models.
Unusual for a usually tight-lipped R&D guy, Hackenberg said Suzuki has excellent technologies, including low-cost production know-how, and that the two firms have a lot to learn from each other. He also said VW will support its Japanese partner in China, where Volkswagen has a commanding market share, and where Suzuki needs help.
“What Volkswagen hybrid technology?” you will surely ask. (Read More…)
With more than 30 years of advertising under my belt, I’m no stranger to spin. Once in a while, I’m impressed by the gumption of some spinmeisters. This is one of those times.
So I read at Reuters that Jaguar is “ready to leap back to pre-crisis sales.” Reuters quotes Jaguar Land Rover’s head David Smith, who said: “In the past, Jaguar built more than 100,000 vehicles per year. We can return to such levels once the crisis is over.” Reuters says Smith gave those optimistic remarks to Germany’s Wirtschaftswoche.
So over to Wirtschaftswoche I go. At first, I think I found the wrong article. (Read More…)
Volkswagen has grand plans for the U.S.A. Volkswagen wants to “increase sales and market share in 2010.” Ok, who doesn’t. Now, for the delusions of grandeur part: By 2018, Volkswagen wants to more than triple annual car sales in the U.S. to 1 million a year, with Audi accounting for 200,000 sales, reports the Wall Street Journal. Seen any flying pigs lately?
Why 2018? By 2018, Volkswagen wants to rule the world, and trounce Toyota in unit sales, profitability, customer satisfaction, innovation, and most likely size and quantity of cup-holders also.
Everybody in the company has to do his or her share for the grand plan. (Read More…)
Bloomberg read it in Sweden’s Dagens Industri that General Motors will send the tools for Saab’s new 9-5 model to China. Mind you, these are not the old 9-5 tools sold to BAIC. These are the tools for the new Epsilon 2 based 9-5, or what Dagens Industri calls “the crown jewels of Saab.” (Read More…)
Beijing’s drivers can get off their anti-anxiety medication. Beijing’s government has decided that Beijingers can go forth and buy as many cars as they desire. Beijing Municipal Commission of Development and Reform spokesperson Zhao Lei said that Beijing will not take administrative measures to restrain residents from buying automobiles, People’s Daily reports. (Read More…)
Saab’s extended January 7th deadline came and went. Four groups handed in offers: Spyker put in its third bid. Luxembourg-based private equity group Genii Capital joined with Formula 1 tycoon Bernard Ecclestone and Hakan Samuelsson, former head of truckmaker MAN, in a bid. Wyoming-based Merbanco Inc., and a Swedish investor group also submitted proposals. Apparently, the proposals did not impress. Saab declared bankruptcy, for the second time in a year. (Read More…)
GM’s interimitis is turning into a chronic disease. First, Whitacre becomes interim replacement of Henderson, and is in no hurry to give up the job. Then, in November 2009. Nick Reilly becomes interim head of GM Europe while GM is supposedly searching for a replacement of Carl-Peter Forster. In December 2009, the interim boss was installed as permanent chief of GM Europe. Now, Reilly will be named permanent CEO of Opel, writes the Frankfurter Allgemeine Zeitung. (Read More…)
If even the DetN prints it, then we can assume it’s official: China’s total light vehicle sales came in at 13.6m, slightly higher than the estimates. The Chinese car market grew 45 percent compared to 2008. This according to data released by the China Passenger Car Association. China’s official auto sales data for 2009 are scheduled to be released by the China Association of Automobile Manufacturers next week, but should not differ much from the figure which was put on the wire by the state news agency Xinhua.
Here are some of the largest players: (Read More…)
The good folks at Autocar report that an electric polar bear, made in China, will be unleashed on Europe this spring.
The Nanoq – meaning polar bear in Greenland – is a small and supposedly five seat plug-in. It will be manufactured as a joint venture between China’s Geely and Danish company Lynx. Geely provides the car, Lynx supplies the electrical components and a new lithium battery pack. (Read More…)
In today’s wode tian (OMG) moment, China’s People’s Daily reports that “a total 16.7 million vehicles were sold in China last year, bringing the country’s total vehicles to more than 186 million.” Shen me? (Excuse me?) (Read More…)
According to Japan’s JADA dealer association data, quoted by the Nikkei [sub], Toyota’s Prius became the first hybrid to take the prime spot on Japan’s annual sales ranking of all cars, including minivehicles. 2009 Sales of the Prius jumped nearly 300 percent to 208,876 units. (Read More…)
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