Fiat and Chrysler CEO Sergio Marchionne repeated its pleas that European governments should do something about the overcapacity in the region. Being in Shanghai when he said that, he recommended that the Chinese government does the same. The governments likely won’t be enthusiastic about Sergio’s advice.
Said Sergio while the Wall Street Journal took notes: Read More >
The boycott of Japanese goods in China, triggered by a dispute over uninhabited islands in the East China Sea, hit Japanese automakers where it hurts most: In the pocket-book. Honda cut its profit forecast for the fiscal year to March to 375 billion yen ($4.7 billion) from its earlier estimate of 470 billion yen ($5.9 billion), Reuters says. Read More >
The violent anti-Japanese demonstrations in China appear to be over, and intestinal complications aside, it seems to be safe again to eat sushi in Beijing or Shanghai. State-owned media however is trying its utmost to keep the matter on the front burner, so to speak, in a very insidious way. Read More >
Chinese upstart carmaker BYD isn’t as lucky as it used to be. Its sales and stock price are deep in the Chinese squat toilet. However, it is outdoing itself in the gadget dept. BYD, the company that brought us the remote controlled car, now brings us the watch that opens your car’s doors and starts it. Call it keyless entry that goes with the times. Read More >
The first American automobile built as a joint venture in China could soon be built at a China joint venture again. Fiat plans to bring Jeep production back to the Middle Kingdom, Bloomberg says. Read More >
Chinese traffic jams are great equalizers: They slow down all cars (except black A6 with flashing lights and a police escort.) Our reader and commenter Daveinchina spotted this car with an odd paintjob on the Hukun Expressway in Songjiang, on the outskirts of Shanghai. Read More >
Chinese products have dominated almost every industry – except of course the automobile industry. But this could easily change. Chinese made cars are improving at a rapid pace and could soon challenge more established car makers. The Chinese invasion will soon start in India, with General Motors launching the Sail hatchback. The Sail is the brainchild of GM’s joint venture with SAIC (Shanghai Automotive Industry Corporation), which is by far the largest Chinese car maker, and which also happens to be GM’s joint venture partner for India.
Further on the news that Stefan Jacoby is out at Volvo and that Hakan Samuelsson is in, the parties decided to forgo the face-saving explanation that the change was due to medical reasons. They confirmed that is was a boardroom brawl which Jacoby lost. In a press conference today, Volvo Vice-Chairman Hans-Olov Olsson said “that Jacoby’s illness had nothing to do with the decision to remove Jacoby,” Reuters says. Read More >
Europe’s auto market implosion has led BMW to shift units earmarked for the continent over to the United States and China, where demand remains strong.
Toyota may be cutting back its global group production by 200,000 units in the 2012 calendar year, writes Reuters, as a reaction to sharply reduced sales in China after the island row. Toyota’s China sales were down 49 percent in September. Read More >
When we reported that battery maker A123 had filed for bankruptcy, a lot of people thought that Johnson Controls is in control, and that Chinese Wanxiang is out. No and no, writes Reuters star car reporter Norihiko Shirouzu. Wanxiang still wants A123, and Johnson Controls is just one bidder in a Chapter 11 process, says Reuters. Read More >
“It’s too early to say for sure whether GM will purchase the controlling stake in HKJV, and thereby regain full control of its India business. It is unlikely that SAIC will relinquish its grip on India, just because it suddenly can’t service the capital requirements of the HKJV. Possibly, more information will become available when GM files its Q3 paperwork, or possibly later.”
As it turns out, they did.
The Chinese Army was a great admirer of Benzes, so much that they built their own. Bamin State Automobile Works, or Bamin Automobile for short, was based in Minhou in Fujian Province. The company was owned by the Chinese army, it was also called the ‘PLA 7427 Works’. Bamin Automobile started business in the late 1980′s with a local licensed variant of the Beijing 212; the Bamin BM212A/BM213A. Read More >
Was your airbag replaced within the past three years? Did you buy a used car that sustained air bag deployment before you bought it? Did you buy a car with a salvage, rebuilt, or reconstructed title? Did you get a great deal on an air bag? In that case, be suspicious of your airbag, because it could kill you. Read More >
Vehicle sales in China were down 1.75 percent compared to the same month last year, says the China Association of Automobile Manufacturers (CAAM). An official of the CAAM blamed it on the Japanese. Read More >
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