Tag: China

By on August 16, 2012

 

In what just-auto calls “ a hammer-blow to the proposed takeover,” Scania told Saab-buyer NEVS that it won’t allow the use of  Saab’s heraldic animal, the griffin. Scania (owned by Volkswagen) says no because the buyers are Chinese. (Read More…)

By on August 13, 2012

Channel stuffing is taking its toll on China. Customers fight back against “increased sales pressure and an insufficient supply of experienced staff, driven by a disconnect between the dealership network expansion and the market slowdown, “ and punish car manufacturers where it hurts second most: On the J.D.Power Sales Satisfaction Survey. The survey, published today, notices “a notable deterioration in overall sales satisfaction among new-vehicle owners in China.” (Read More…)

By on August 9, 2012

China’s auto market keeps puttering along. In July, total automobile sales in China rose 8.2 percent to 1.38 million, says the China Association of Automobile Manufacturers (CAAM). For the year, the market has gone basically sideways with a slight 3.6 percent upward bias. The Chinese bubble refuses to burst,  likewise, the market  does not want to go back to its red-hot former glory. (Read More…)

By on August 8, 2012

Troubled battery maker A123 is getting another lifeline. This time, from China. Wanxiang Group  will invest as much as $450 million in the company, says Reuters. Wanxiang, one of the largest Chinese auto component makers.  A123 will soon be Chinese. (Read More…)

By on August 8, 2012

China is the world’s largest market for heavy trucks. People who are suicidal enough to have personal experience with Chinese highways will readily agree. Nearly 1 million units of the heavy (and usually blue) units were sold last year, more than in North America, Europe and South America combined. Ford wants a chunk of this interesting market.

(Read More…)

By on August 6, 2012

GM’s U.S. sales get the headlines, GM’s volume is a Chinese import: In the first seven months of the year, GM sold 1.6 million cars in China, versus 1.5 million back home. GM’s Chinese sales data deserve more than a cursory look. Let’s look. (Read More…)

By on August 5, 2012

China’s most popular color

Forget the ATS. Now you can show that you are fiscally prudent and still project the Cadillac look.  All you need is a ticket to China and $6,700 in pocket money.  This will buy you the Guizhou Hangtian Chenggong (never mind) GHT6400. Says Carnewschina (buy Tycho a beer as a thank you for finding this Asian beauty): (Read More…)

By on July 31, 2012

What do you do if you lose market share and can’t stand it anymore? You deliver what the market wants. Hyundai is trying to make up for losses in China with a (so far) China only car that slot between the Elantra and the Sonata, says Reuters. (Read More…)

By on July 27, 2012

With China being the world’s largest car market, and the largest market of many of our carmakers, getting good and timely data is essential for stock analysts and journalists alike. Bloomberg has an exasperated story that cries about the absolute mess in China when it comes to hard data. It also describes the great lengths analysts go to when gauging Chinese car sales. No wonder the analyst reports are often messier than even the messiest Chinese data: (Read More…)

By on July 27, 2012

A few months ago, Volkswagen extended its joint venture contract with Chinese partner FAW for another 25 years, with appropriate pomp and circumstance: Chinese Prime Minister Wen Jiabao and German Chancellor Angela Merkel witnessed the signature. Now, Volkswagen takes the unusual step of going semi-public with the theft of intellectual property. According to reports in German media, FAW has “systematically and repeatedly” stolen designs of important components such as engines and transmissions. Volkswagen’s hands are tied. (Read More…)

By on July 26, 2012

The New York Times carries a long story today that chronicles changes in the Chinese car market. Written by Reuters automotive specialists Norihiko Shirouzu and Fang Yan, it is a story of China where you now get a discount and instant delivery for a BMW instead of having the option to pay 20 percent more, or wait a few month for delivery.

The car market in China, says the article, is becoming more like that in the United States, where most of the money is made in financing, insurance and maintenance. Indeed it is. (Read More…)

By on July 19, 2012

General Motors pensioners should not worry about their underfunded pension plan. Its assets will be in safe hands. Those of the Chinese government. The Chinese government has agreed to buy large chunks of it, says Financial Times. According to the paper, China’s “State Administration of Foreign Exchange, which manages China’s more than $3 trillion in foreign exchange reserves, will pay $1.5bn-$2bn for GM’s positions in blue chip private equity funds.” (Read More…)

By on July 13, 2012

 

I came across this vehicle in a parking lot in Beijing. It is a Ford Tempo GL. The Tempo was made in the US from 1984 until 1994, the white car in the parking lot was a second generation Tempo, which would put it in the 1988 the 1994 timeframe. How did it get to China? Ford never officially exported the Tempo to China. It is not the first Tempo I had seen in Beijing, I have seen many over the years. One could be a diplomat’s car, two also, but ten? There had to more to this Tempo-invasion of China, and there is… (Read More…)

By on July 11, 2012

 

Growth of the formerly red-hot Chinese auto market is as slow as traffic during the Beijing rush hour. At least, there still is some growth. Sales of all automobiles in China are up 2.9 percent for the first half of the year to 9.59 million vehicles. Sales in June were up 9 percent. This according to data released by the by the China Association of Automobile Manufacturers (CAAM). (Read More…)

By on July 5, 2012

Our patent-pending oracle for the Chinese market has spoken and predicts slight June gains for the world’s largest car market. GM China did this by announcing a 10.1 percent gain on 213,495 units sold in June. (Read More…)

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