During a visit to USA Today‘s editorial offices, CEO Dan Akerson of General Motors clarified the question of a rear wheel drive Cadillac flagship. Akerson confirmed that Cadillac is indeed working on a RWD based model that will likely slot in above Cadillac’s current top of the line XTS sedan and probably go on sale in 2015.
Though handicapped by continued sliding sales in the overall European market, GM announced today that global sales for the first 6 months of 2013 were up 4% over the comparable period last year.
Renault hopes to get going on its foray into China, and to sign a joint venture agreement with Dongfeng, Reuters says. “We are waiting for an official invitation from the Chinese industry ministry,” Reuters heard from an insider. Rumors of an impending JV kept Chinese media guessing and speculating for years. Read More >
GM’s ailing Opel hopes to enter the American and Chinese markets, and through that for a speedier recuperation. It wants to do that under cover: Made in Europe Opels, sold abroad as Buicks. This according to a report in Opel’s hometown paper Mainzer Allgemeine Zeitung. Read More >
Japanese carmakers are not out of the woods yet in China, and might be in the thick of things again if matters flare up. The other day, 30 right wing Japanese activists had to be kept away by Japanese Coast Guard, while the US and Japan held war games in preparations for a possible Chinese invasion of the Senkaku/Diaoyu Islands. Read More >
For many years, U.S. automakers warned against the red menace of millions of cheap Chinese cars flooding a helpless American market. It never happened. What finally got the Chinese export machine going a little bit was GM, which started shipping Made-in-China Chevrolet Sails. The Sails convinced buyers around the world that those Chinese cars aren’t as bad as thought, and now China exports around 5 percent of its production. GM expects to export between 100,000 to 130,000 vehicles from China this year, and wants to more than double the number by 2015.
Ford chief Alan Mulally today joined the ranks of people calling for increased Chinese car exports. He’s ready to export Fords from China. Read More >
China’s car restrictions are spreading to the provinces. I always thought Beijing is one of China’s most polluted cities, but no, says the Wall Street Journal, Shijiazhuang is. And it is putting a stop to willy-nilly car buying. Read More >
When GM announced last week that it wants to increase Cadillac’s share of the global luxury market from 8.5 percent now to 9 percent by 2016, we opined that from “looking at the plan, GM appears to be betting big on the success of its new Chinese assembly plant.” It turns out that Cadillac is betting big on China. Cadillac “aims to quadruple its share of China’s luxury auto market to 10 percent by 2020,” Reuters reports today.
By 2020, GM is “targeting about 250,000 luxury car sales in China,” says Reuters. It will be rough.
With all the troubles in Europe, one would expect Volkswagen to hurt, but the Wolfsburg company is doing just fine, thank you. For the first five months, Volkswagen Group sales are up 5.9 percent to 3.87 million units. In May, global deliveries rose 6.9 percent to 816,500.
In China, Volkswagen could edge out perennial numbers leader GM. Read More >
GM appears to be less convinced of the second coming of Cadillac than many of its fans. In the Global Business Conference Call, Bob Ferguson, VP of Global Cadillac, did set very cautious goals for Cadillac. Read More >
If and when China’s car export machine ever gets going in earnest, the city of Chongqing in Western China could become one of its main export hubs. Chongqing is not a sea port. It is the far eastern terminus of a 7,000 mile railroad line that connects Chongqing with Duisburg in Germany. Read More >
The Chinese car market keeps plodding along. Total vehicle sales were 1,761,500 in May, up 9.81 percent. Passenger car sales were up 9.04 percent to 1,419,700 units. Commercial sales were up 12.88 percent to 364,600 units, the Chinese auto manufacturer association CAAM says.
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With Volvo in Chinese hands, with a new Volvo plant in Chengdu “more or less completed,” and a second assembly plant in Daqing to come online in late 2014, there have been reports in Europe that Volvos may soon come from China instead from Sweden. Not true, Volvo’s production chief Lars Wrebo told Automobilwoche [sub]. However, “other markets” than Europe could get the Made-in-China Volvos. Read More >
Fiat might be looking for another Chinese joint venture partner to manufacture Jeeps, Fiat CEo Sergio Marchionne told Reuters. “In China we have a good partner, and we have the possibility to use a second one to develop Jeep,” Marchionne said. Read More >
Japanese automakers are a little less worried when they look westwards to China, as their sales appear to slowly recover from a severe drumming during the island crisis. Read More >
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