Tag: China

By on January 14, 2013

Volkswagen has ended the year on a strong note. Shrugging off the troubles at home in Europe, Volkswagen increased its global group sales by a respectable 20.7 percent in December of 2012, bringing its global group sales for the year above the 9 million mark at an 11.2% increase compared to 2011. (Read More…)

By on January 9, 2013

“Sources close to Porsche” told Tycho de Feyter at Carnewschina  that the new 991 Porsche 911 Turbo will get a start-stop system for the Chinese market. This explains why the new 911 Turbo was seen testing in Beijing. The sources, who also provided the new spy shots in this article, said the system is necessary because the Chinese government is working on new very strict emission rules for 2015.  If a car maker fails to meet the new regulations, China will impose a quota on the number of cars this car maker can import. (Read More…)

By on January 8, 2013

After an alleged Swede,  Kai Johan Jiang a.k.a.  Jiang Dalong bought bankrupt Saab’s remaining assets for cheap, we could not help but reminding the faithful that this will not result in a resurgence of the Trollhättan industrial base. We figured that at the very best, Saab will march off to China. If Saab won’t manage to destroy investor’s dreams and money yet again. Both rise in probability.  Saab’s buyer, Chinese-controlled NEVS, has secured  an investment deal with the Chinese city of Qingdao, Reuters says. (Read More…)

By on January 8, 2013

China’s lackluster economy did not dampen the country’s appetite for Bavarian premium cars. BMW’s group sales in China rose a surprising 73 percent in December to 30,470 vehicles, Reuters says.

For the year,BMW’s group sales in in China rose 40 percent to 326,444 vehicles.

By on January 7, 2013

Three years ago, we reported that  the Chinese government was interested in buying some of Daimler’s stock. Now, it looks like it might be finally happening. (Read More…)

By on January 7, 2013

 

Sales of Japanese car in the world’s largest car market, China, continue to be impacted by the war of words (and occasionally sledge hammers) over uninhabited rocks in the East China sea.  Sales are inching up a bit after customers dare to come back to the showrooms of Japanese brands. (Read More…)

By on January 4, 2013

December sales in GM’s largest market China are likely to be less than exhilarating. The indicator: GM’s Chinese joint venture partner SAIC told Reuters that its December auto sales rose 7.1 percent from a year earlier to 350,380 vehicles.

This is much less than the 16.9 percent growth achieved in November. In the same month, GM’s China sales were up 9.7 percent. (Read More…)

By on December 30, 2012

China is the land where you have a choice of two kinds of Red Bull, both equally fake.  The Austrian maker of the stuff has been in court for years, did win, and still can’t sell the original stuff in China, because the other party appealed. Now, Jaguar Land Rover is faced with starting its own arduous battle against the fakers: There is an energy drink called “Land Rover.”   (Read More…)

By on December 18, 2012

Supposedly, one of the reasons for keeping Manchester United after  GM’s chief marketing honcho Joel Ewanick was fired for downright unethical shenanigans was that Man U is extremely popular in the Asian growth markets. Whereas they have a hard time even pronouncing “Ewanick.” So far, so good.  However, the secret of a successful marketing program lies in its flawless execution. (Read More…)

By on December 13, 2012

Market share by country, passenger vehicles, w/o SUV

The island row does not make headlines anymore in China where people focus on the once in a decade transition of power. Japanese carmakers however still feel the pain. Two countries appear to be the winners: China and Germany. (Read More…)

By on December 13, 2012

The world’s largest car market, China, has recovered a bit in November. Automobile sales were up 8.16 percent year-on-year to 1.79 million vehicles, production stood at 1.76 million units, up 3.92 percent, data released by the China Association of Automobile Manufacturers (CAAM) shows. (Read More…)

By on December 12, 2012

As predicted a month ago, Daimler did put a board member in charge of its lagging China business. Today, Daimler expanded its Board of Management to eight, and made its new board member and former truck chief Hubertus Troska CEO and Chairman of Daimler Northeast Asia. The job won’t be easy. (Read More…)

By on December 11, 2012

Battery maker A123 was sold to China’s Wanxiang Group, but the company won’t come with more government money. The DOE won’t give A123 Systems Inc. the balance of a $249 million grant, a department official tells Reuters. Wanxiang, in the meantime, let it become known that it did not ask for the grant money, and that it did not anticipate receiving it. (Read More…)

By on December 9, 2012

Toyota decided to postpone construction of a new plant in Tianjin, China, and is considering the delay of another new plant in Guangzhou, Japan’s Asahi Shimbun writes, quoting unidentified sources. This due to sluggish vehicle sales in the wake of anti-Japan protests over the Senkaku/Diaoyu islands dispute, Asahi Shimbun’s sources said. (Read More…)

By on December 9, 2012

Wanxiang Group, China’s largest maker of auto parts won the auction for A123 Systems, Reuters says. The maker of batteries for electric cars was funded partly with U.S. government money, but went bankrupt nonetheless. (Read More…)

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