Now that we have the August numbers for the world’s second largest car market, attention turns to the world’s largest, China. The Chinese economy is cooling down. Has it hit car sales? Official numbers won’t be here until next week, but our patent=pending China sales oracle has spoken. Read More >
When you want to make and sell cars in India, you don’t need a joint venture partner. Except when you are GM. In the dark days of December 2009, GM cut a deal with Chinese partner SAIC, gave them half of its India business and a golden share in China for much needed cash. SAIC underwrote a $400 million loan when GM was out of money. Now, India is flooded with Chinese cars bearing the Chevrolet badge. Read More >
GM is backing out of plans to share the Opel Insignia platform with its partner PSA, says Der Spiegel. It was planned that PSA will build a mid-sized Peugeot and Citroen with next gen Insignia underpinnings. The cars would have been made at Opel’s Rüsselsheim factory. Together with the Opel model, the cars would have filled the available capacity. Scratch that plan. It wasn’t killed because it was a bad idea. It was killed because Buick and especially GM China complained, says the magazine. Read More >
A few days ago, an anonymous source told us that Lincolns have been in China for years, and that Ford won’t admit it. Ford said they probably were grey imports. Before the Chengdu Motor Show opened its doors, three Lincolns were seen entering the hall with big grins on their faces, and everybody thought they were brought by Ford. No they were not. Read More >
It looks like news of the sacking of Joel Ewanick has not reached China. Or at least not Chengdu. Read More >
If you want to make cars in China, you need a joint venture partner. The Chinese joint venture partners have done well. 98 percent of last year’s sales of central government-owned Dongfeng came from joint ventures with Nissan, Honda, and Peugeot. Largest Chinese automaker SAIC derives 60 percent of its sales from made-in-China GM and Volkswagen cars.
That policy “is like opium. Once you’ve had it you will get addicted forever,” said former machinery and industry minister, He Guangyuan. Read More >
TTAC’s eulogy on Saab was premature. The Chinese willing, there will be new Saabs in the future. Surprisingly, Swedish defense contractor Saab AB licensed the Saab name to National Electric Vehicle Sweden (NEVS) to be used in future vehicles, a press release of NEVS says. NEVS also “finalized its acquisition of the main assets of Saab Automobile AB, Saab Automobile Powertrain AB and Saab Automobile Tools AB, effective August 31, 2012.”
The ultimatum given to NEVS last week apparently instilled fresh urgency into the parties, and an undisclosed amount changed hands on Friday. For the money, NEVS also received “IP rights for the Saab 9-3, IP rights for the Phoenix platform, tools, the manufacturing plant, and test and laboratory facilities.” There are others who think they also own that Phoenix platform. And the people of Trollhättan better don’t get their hopes up on EV exports to China. Read More >
We continue our coverage of the 15th Chengdu Motor Show, brought to you courtesy of China coverer extraordinaire Tycho de Feyter of Carnewschina.
“The BMW M6 Coupe, decked out in China’s national color, was launched today on the China auto market during the Chengdu Auto Show. There is only one, priced at a rather sick 2.33 million yuan, or 367.000 USD. Not cheap indeed and most of da money goes directly to the Chinese tax office. Big engined cars are taxed up to 40% of value in China. But no matter, the M6 Coupe is worth it, just for that brilliant 4.4 twin-turbo V8 with 550hp and 680nm.“
Of course, there are the female product specialists of the Chengdu Motor Show. They bring them out en masse on the second press day. Warning: If you are offended by insufficiently dressed Asian females with garters, DO NOT click the jump. We promise it won’t be a picture of big – ears. Read More >
“A model poses beside a car by Beijing-Hyundai during the 15th Chengdu Motor Show (CDMS) in Chengdu City, southwest China’s Sichuan Province,” writes China’s state-owned Xinhua news agency under a spread that is long on long legged girls and short on cars. Well, we aren’t Xinhua. Read More >
Tomorrow, Volkswagen CEO Martin Winterkorn will be at a groundbreaking in the Chinese port city of Tianjin, with German Chancellor Angela Merkel and Chinese dignitaries in attendance. A plant for high tech DSG transmissions is being built there, using technology that is in high demand in China. So high is the demand that joint venture partner FAW has, according to recent media reports, “systematically and repeatedly” stolen designs of important components such as engines and transmissions. Read More >
Carnewschina spotted this looooooooooooog Ford F650 streeeeeeeeetch in front of a swank Beijing hotel. This is a good place to spot outrageous cars in China, sometimes, it feels as if they get imported only to be permanently parked in front of a fivestar. As you can see, even the rope wasn’t long enough to completely rope off the monstrosity. Read More >
Volvo’s Chinese owners at Geely encounter something in Europe that is unheard of in China: A drop in car sales. Volvo has to cut production in Sweden by about 10 percent, and will let 200-300 contract workers go, Reuters says. Read More >
Wolfsburg’s Über-VW, the Phaeton, will be produced in China. At least if the Chinese car site Auto.163 is correct. The news is coming to you via Chinacartimes, which doubts the article’s veracity, not only because the logic behind Auto.163’s reasoning is a bit backwards. Is it really? Read More >
Chinacartimes, the website that monitors the Chinese car market, put its finger on a disturbing new trend in China: Cars adorned with Nazi paraphernalia.“Some Chinese like to dress up in period military costumes and stick WW2 era German military insignia all over their motors,” reports Ash Sutcliffe, the owner/operator of the site. Read More >
In the most recent installments of the never-ending rumors on Lincoln’s long march to China, Chinese media claimed that the Lincolns would be built at a new Ford plant in Hangzhou. Dearborn denied everything. Yesterday, Ford confirmed for the first time that Lincoln would be coming to China. Today, Ford broke ground at the Hangzhou plant, while someone says that Lincoln had been in China on the say, and that it did not work out. Read More >
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