Reports by Bloomberg suggest that Fisker could sell up to an 85 percent stake to Chinese automaker Dongfeng. The automaker apparently bid $350 million for the beleaguered plug-in car maker, according to sources close to the company.
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In a month’s time, we’ll have our first look at the new Cadillac CTS, when GM takes the wraps off of its new luxury sedan at the New York Auto Show. The new CTS is merely the first in a wave of new cars for Cadillac, along with the already unveiled ELR plug-in hybrid.
Did you do what we told you and collect bets on China’s auto market in January? Even if you usually disagree with TTAC, even if you only read TTAC ten times a day to see what scandalous biased stuff we write, this time, you should have followed our advice. China’s new cars sales in January were up 46.38 percent as compared to January 2012, says China’s manufacturers association CAAM. How did we see that coming? (Read More…)
Daimler’s trials and tribulations should be a warning to those automakers who are too gung-ho about the Chinese market. The market is big, but it can hurt big when there are Chinese constipations. Daimler has been falling behind in China while its Bavarian competition by Audi and BMW racked-up double digit gains in the Middle Kingdom. Promptly, the Chinese flu affected the whole body. Says Reuters: (Read More…)
China’s love affair with crossovers and PSA’s desire to expand in the country has led to a logical conclusion; why not a crossover for the Citroen DS line, one that PSA is trying to push hard as a premium alternative to the usual upscale offerings?
While the US won’t get the Suzuki SX4 any more, the flow of cars isn’t being cut off from Canada. Might we see this facelifted version of the SX4 (meant for the Chinese market) appear in the Great White North? The Canadian International Auto Show is only a couple weeks away, but we’ve got no indication about Suzuki debuting anything new at the show. Only time will tell.
Needs a lift
Three days ago, I showed you how to become a clairvoyant without even trying, or just by reading TTAC. If you followed my simple method of predicting the Chinese market in January and February, you could now collect on your first bet. GM, our patent-pending sales oracle for the Chinese market reports humongous sales, and an “all-time record month in China.” Is that the big turn-around? (Read More…)
BAIC and Daimler announced last Friday they are taking the Beijing-Benz joint venture a giant step further. Daimler takes a 12 percent stake in BAIC and both parties will work closely together to win market share from Audi and BMW. On the ‘grass roots level’ the close cooperation has long begun! Above, a Beijing Auto E-Series with a Mercedes-Benz grille. How did that happen? (Read More…)
Toyota, along with its Japanese peers, has wallowed in double digit minus territory in China, ever since cars were upturned and dealerships torched in September over a few uninhabited rocks in the East China Sea. In January, China sales of Toyota shot up 23.5 percent compared to the same month a year earlier. Are Japanese fortunes in China finally turning to the better?
(Read More…)
Audi follows a trend set by other OEMs, notably GM, and opens an R&D Center in China. Located in Beijing’s fashionable 751 D-Park , the center will be busy doing product customization for the Asian market, especially when it comes to electronics and connectivity, along with components for new-energy vehicles and efficient powertrains. (Read More…)
Honda made cautionary noises when announcing its quarterly numbers today, taking its annual profit forecast for the year down a notch to 370 billion yen ($4.1 billion). Three months ago, Honda already had 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). $1.8 billion evaporated on the forecast, mostly due to continuing sales troubles in China. (Read More…)
There are rumors ricocheting around Beijing about a possible big tie-up between China’s BAIC and Daimler. BAIC is Daimler’s joint venture partner in China, where the joint venture handles Chinese production of the long version of the E-Class, the C-Class and the GLK. (Read More…)
Guangzhou Autos is reporting that 2012 profits are down as much as 80 percent, thanks to the dispute with Japan over a few islands in some godforsaken corner of the world.
A low-cost Volkswagen, selling for between 5,000 and 10,000 euros, might be earmarked for China, and the range could include – brace yourselves – a station wagon!
After a couple of weeks of break, guess who’s back to haunt you?
Last time I gave you the best-selling models in the world, and since then a few things have happened, one of them being the end of 2012 and a plethora of new sales data and stats I have in store for you. Let’s start with the biggest market of them all, China. Simply because…an American car is in the lead of the Passenger Cars ranking for the 2nd consecutive year…
Yep. What the Yankies couldn’t do at home, they do it in China. Nice.
Discover the Top 304 best-selling models in China below the jump, or you can also check:
The Top 279 best-selling models in the USA in 2012 here
The Top 10 best-selling models in Europe in 2012 here
The Top 200 best-selling models in Brazil in 2012 here
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