All three major Japanese automakers have reported their half year financial results. After Honda last week and Toyota yesterday, Japan’s number two automaker Nissan followed today. The presentations could not have been more different. Read More >
Find Editorials by Category:
Category: China
China’s SAIC told Reuters today that its October auto sales rose 20.7 percent year-on-year to 414,471 units. This indicates a very strong jump in Volkswagen sales. Read More >
GM shows new vigor in its largest market China. October sales across all of GM’s Chinese joint ventures were up 14.3 percent on an annual basis. The Chinese market is of increasing importance for GM. In the first 9 months of the year, 30 percent of GM’s global sales were in China, trailed by the U.S. with 28 percent of GM’s global business. Read More >
After a rash of interim-CEOs, Opel may have found a more permanent one. It’s the former Volkswagen manager Karl-Thomas Neumann. The successful recruitment was first published by Financial Times Deutschland, the report was quickly confirmed by wire services and major German newspapers. Read More >
Looking back at three catastrophes, the high yen, the tsunami and the Thai flood, a Japanese auto executive said to me last spring: “We’ve gone through hell, and made it. What else would be there, war?” He was close. A war of words over rocks in the East China Sea destroys Japanese car sales in China, while Korea profits. Read More >
Pursuant to our continued discrediting of the “Jeeps built in China” lie, Donald Trump took to Twitter to further propagate that falsehood. And the Donald ended up getting a virtual earful from Ralph Gilles, head of Chrysler’s SRT Division.
The 3-cylinder Ecoboost engine developed by Ford won’t necessarily stay at its current displacement of 1.0L. According to the Blue Oval, there’s a fair bit of power – and displacement – left on the table.
Toyota’s China sales dropped 44.1 percent year-on-year to about 45,600 units in October, The Nikkei [sub] says. Toyota confirmed the number. A territorial dispute over uninhabited rocks in the East China Sea triggered a massive boycotts of Japanese goods, especially of high-profile cars. In September, Toyota’s China sales were down 40 percent in September.
Fiat and Chrysler CEO Sergio Marchionne finds it “most shocking” that the U.S. auto industry is not throwing its might behind natural gas, which has been found in abundance in the United States: Read More >
Chinese domestic brands are being outsold by international brands in China. Their quality is suspect even and especially among the Chinese. This may not last. Domestic brands are catching up fast, says J.D. Power. Read More >
Yesterday, a car developed (mostly) for and (mostly) in China was presented at a gala event in Wolfsburg. Volkswagen celebrated the new Santana, and Volkswagen’s lucky entry into the Chinese market some 30 years ago. That’s also how long the old Santana lasted. It was time to replace it, and the time was yesterday. Read More >
The slowdown of Chinese car sales, applauded in some circles that applaud any negative news out of China, could finally unleash the flood of cheap Chinese cars exported to foreign markets, something that had been long predicted, but which has been a bust for even longer. “Battling a slowdown and intense competition in their home market, Chinese carmakers are increasingly looking to exports for growth,” China Daily writes. Read More >
A company owned by China’s central government is taking it on the chin as Chinese customers avoid Japan branded cars. Dongfeng reduced production at its joint ventures with Nissan and Honda, the Wall Street Journal reports today. Amount or duration of what the company calls “production adjustments” is unknown. Read More >
Poor reporting by unscrupulous bloggers is nothing new – there’s even a book about it. We try and stay above the fray and simply write accurately the first time around. But a story regarding Jeep and Chinese production has been making the rounds with such speed that TTAC readers have been emailing us for clarification. It got so bad that even Mitt Romney got things wrong.
Recent Comments