Dongfeng-Nissan President Kimiyasu Nakamura watches Yao Bin, Huang Kai Fong, and Ye Lei
Yesterday, Nissan’s affable China president Kimiyasu Nakamura brought a Chinese delegation home to Yokohama, to explain to a largely skeptical Japanese press why Nissan had started a new brand in China with joint venture partner Dongfeng. The brand goes by the name of Venucia. Nissan is not the only one doing that. Nearly every foreign joint venture partner in China either has established a Chinese brand in China, or is intensively thinking about it. (Read More…)
Already pronounced shot by a bursting bubble, the Chinese new car market most likely will be up when the May numbers will be announced later in the month. How do we know? By looking at GM’s China May sales results that were announced today. When we do that, we will do something that TTAC allegedly is incapable of: We will salute and applaud GM. Three times. (Read More…)
A Ferrari 458, followed by a Lamborghini Aventador were on an outing in Shanghai when a local horse riding club crossed their path. The Ferrari driver demanded the right of way with the tool commonly used in China, the horn.
The horse next to the Ferrari did what many Chinese would like to do: The horse kicked the 458 into the shins, hard. (Read More…)
The fact (if you can call it that) that China’s government will bring back a Cash-for-clunkers program caused headlines around the world. It also spurred news writers to new peaks of creativity. At the same time, Chinese farmers could protect GM’s honor. Let’s investigate. (Read More…)
Pictures of a burning BYD e6 sent the already beaten down BYD stock on a nose-dive yesterday. The e6 is one of the rare BYD electric cars, used in a taxi test in the Chinese city of Shenzhen. A Nissan GT-R had crashed into two taxis, one a conventional Santana, the other an electric e6. The e6 immediately did burst into flames. Two female passengers and the driver were killed. (Read More…)
A (hecho en Mexico) Cadillac SRX costs between $67,700 and $91,000 once it’s sold in China. It doubles its price compared to the U.S. because of a monster tariff in China. Soon, there will be a more affordable version. A much, much, much more affordable version. Except that it won’t be from GM. (Read More…)
Optimism sure ain’t what it used to be. Introducing its latest survey of auto industry executives [PDF], Booz & Co. proclaims that “optimism is skyrocketing,” and that “a new wave of optimism is overtaking the U.S. auto industry.” They’re not wrong, but for those used to the pre-bailout days of unabashed optimism dressed up as analysis, the “new optimism” is remarkably guarded. And it’s all relative to the pessimism that was beginning to set in when the industry began to realize that the “old optimism” was wildly at odds with the slow-motion market recovery.
So, just how optimistic is the “new optimism”? Which companies have the most reason for optimism? What do industry executives worry about most? When do they expect a Chinese invasion? The answers to these questions and more after the jump.
Infiniti formally opened its new world headquarters in Hong Kong today. This marks “the first time the city has been selected for the headquarters of a car manufacturer,” as Hong Kong’s South China Morning Post notes. A staff of approximately 100 will trade Nissan’s swank building in Yokohama for even swanker digs in the Citibank Tower in Hong Kong’s high-rent Central district. Heretofore under Nissan’s wings, Infiniti makes its own nest in a dedicated headquarters for the first time in the brand’s history. Its mission: Triple Infiniti sales by 2016. (Read More…)
A fight between two makers of cheap Chinese delivery vans will spill over to America – in more ways than one. China’s Jonway is a small carmaker from Zhejiang Province. Usually known for cheap pickup trucks, Jonway launched the Wuxing onto China’s small van segment. That segment is ruled by Wuling, the company that has a joint venture with GM. Jonway is also ruled by an American company: Californian ZAP bought 51 percent of Zhejiang Jonway Automobile Co. Ltd. in 2011. (Read More…)
“Chinese dealers are struggling with the rising number of unsold cars that’s threatening to deepen price cuts. Dealerships for Honda Motor Co., Chery Automobile Co., BYD Co. and Geely carried more than 45 days of inventory as of the end of April, exceeding the threshold that foreshadows debilitating price cuts.”
Automotive News made the matter the opener of its Friday video newscast. Apparently, the sky is soon to fall in China. The situation is even more dramatic elsewhere. (Read More…)
With a new Volvo XC90 finally getting a re-design in 2014 (after 12 years on the market!), the old platform, like so many old European cars, will move on to become a Chinese market car – though Geely has grand aspirations for the venerable Swedish SUV.
So I have more and more data in store for you. Don’t worry, when you think I will have exhausted every possible avenue I will still have more. Because that’s what I do all day, counting cars. So you can count on me.
And to follow-up on Bertel’s appetizer earlier today I give you the Top 265 best-selling models in China in April. Just another month in Chinaworld: two new brands launched, 10 new models, and we’re only talking about the cars produced locally…
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