Daimler is unimpressed by Beijing’s plans to limit new vehicle license plates to 240,000 next year. Daimler still expects double-digit car sales growth in China in 2011.
BMW is similarly sanguine. Read More >
Daimler is unimpressed by Beijing’s plans to limit new vehicle license plates to 240,000 next year. Daimler still expects double-digit car sales growth in China in 2011.
BMW is similarly sanguine. Read More >
With the economy pretty still mostly on the ropes all over the world, the favorite policy appears to try to export yourself out of the crisis, and to keep imports to the barest minimum. In pretty much all countries but one. Would you believe it: China. Read More >
When GM tried to sell cars via eBay, 45 cars were sold in the first nine days. A month later, the idea was abandoned. Is the idea dead? Not in China. Read More >
China’s Capital Beijing received a largely unwanted Christmas present yesterday: Drastic curbs on new car registrations. “Under the new regulations, vehicles purchased starting today will be subject to strict new restrictions,” reports Global Times, “setting off a last-minute, car-buying spree last night.” Read More >
European auto executives have been freaking out about a possible Chinese invasion for some time. In fact, Fiat’s Sergio Marchionne has even admitted that he “bought” into Chrysler in hopes of forming a company capable of selling five million units per year globally, the number he felt an automaker needed to hold off the Chinese. And though Chinese production certainly has its advantages, Chinese brands haven’t had much luck in mature markets. Brilliance left Germany under a cloud after its cars failed crash tests, the Jiangling LandWind became infamous after its run-in with the ADAC crash test crew. But, as Bertel has noted, no Chinese automaker can give up on the idea of attacking Europe. Great Wall, which has already been banned from Italy for copyright infringement, has committed $130m to a Bulgarian plant from which it plans to build knock-downs of its suspiciously-familiar vehicles for the European market. But, as these Great Wall promotional images prove, even if GW’s low-cost (€5,000) Chinese cars are up to snuff, the brand still has a long way to go on the marketing front.
So far, the feared Chinese car exports were nothing to write home about. Imports to China are outpacing exports from China by a wide margin. In units and especially in value. While China manages to sell a few cheap pickups to developing countries, it has become the #1 market for the (imported) Mercedes S Class. The German car industry in particular is running extra shifts to keep up with the Chinese appetite for German imports. One carmaker is determined to change that gross trade imbalance. Not Chery. Not Geely. It’s General Motors. Read More >
Japanese makers are jumping on the Made for China (or possibly Made for Export from China) trend that was started by GM with the Bao Jun.
Both Nissan and Honda are showing (allegedly) Made for China brands at the Guangzhou Auto Show. Read More >
Despite being introduced to the US back in 2006, sales of Nissan’s Versa are hardly slacking with age. Sales of the Versa have increased every year since its introduction except for last year, when volume dropped by about 2,000 units, and this year the subcompact sedan/hatch has already set a new annual sales record. Even the newer, arguably better-looking Kia Soul hasn’t been able to unseat the Versa from its perch as king of the subcompacts, having sold only about 60k units this year to the Versa’s 89,500. But despite this continued success, Nissan is replacing the slightly geeky-looking Versa with this, the 2012 Nissan Sunny, which has just been unveiled at the Guangzhou Auto Show in Southern China.
“The next 24 months will be tough for us,” said Soh Weiming, Volkswagen’s company’s executive president for China, to Bloomberg. Is Volkswagen running scared in China? Will the bubble finally burst? Soh Weiming is worried. Read More >
Never say die: Daimler announced today that Mercedes-Benz production will reach a new record level of more than 1.2 million cars this year, exceeding the pre-carmageddon records of 1.19 million cars produced in 2008, Dow Jones Newswire reports. Read More >
We have covered the Governator wooing not-so-gloriously-doing BYD to come to California, well, at least with a headquarter building. We were also interested to hear that BYD “is in talks with officials in Los Angeles to supply all-electric battery buses in the city.”
The Wall Street Journal revisited old investigative reporting glory and did some thorough digging into the matter. And here is what transpired, all as per the WSJ: Read More >
There is considerable new construction in Bahovista, Bulgaria, in what the New York Times calls a “goat-trodden village in the foothills of the Balkans.” China’s Great Wall and Bulgarian wrestler Grisha Ganchev have teamed up to build an assembly plant which, if the NYT is right, “should begin turning out the first Chinese-branded cars in the European Union,” sometime next summer. Which ones? Wait, we’ll get there … Read More >
For the past two weeks, China’s capital had been awash in rumors that it would use stern methods to stamp out rampant car growth. Most popular rumor: A one car policy. Only one per resident. There are 4.7 million cars in Beijing and 22 million people. That disparity did not allay the worries of motorized Beijingers. They want their two cars just like they want their two kids. A run on the showrooms ensued, dealers ran out of cars.
In numbers: The city of Beijing usually registers 1000 cars a day. Lately, that number had risen to 2000 a day. The rumors caused panic buying. During the week from Nov. 29 to Dec. 5, “Beijing had 21,000 new cars on the roads, translating to 3,000 more cars per day,” reports People’s Daily. To curb car growth caused by car growth curbing rumors, the city had to do something fast. And they did. Read More >
Kevin Wale, head of GM China, confirmed what we had intimated a month ago: GM wants to give their Chinese joint venture partner SAIC access to GM’s sales network in the UK. “We have agreed in an MOU that we would discuss the potential for MG to be distributed in the UK,” said Wale to Reuters.
If the deal is signed, it would be unprecedented. Read More >
China’s BYD needs good news real bad. The Chinese market for EVs is … what Chinese market for EVs? And wasn’t their E6 coming to the U.S.? Whatever happened to that? That’s what we get from investors brought to California by the Governator. Oh well, Jerry Brown instead. In the meantime (as in “mean”), Nissan delivers its first real Leaf to California man. BYD will sink into irrelevance, unless they come up with something, fast.
Suddenly, they have a swell idea. Something way bigger than cars. Read More >
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