Renault/Nissan CEO Carlos Ghosn wanted to announce it Monday or Tuesday in person in Beijing. On the other hand, the upcoming production of Infiniti cars in China leaked last week, after Nissan’s worst kept secret had kept the Chinese rumor mill in motion for more than a year. After Gallic shrugs all around, Nissan confirmed today that two Infiniti models will be manufactured locally in China from 2014. Ghosn will have to find something else to feed the media on Monday. Dim sum perhaps? (Read More…)
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Some 200,000 EVs are already on the road in China, says Reuters. Teslas they ain’t.
GM and its Chinese partner SAIC finally have worked out a deal that would get GM its coveted golden share back. In its darkest hour, GM had sold one percent of its 50:50 joint venture to SAIC, for the chump change of $85 million. Later, it became known why the number was so low: SAIC co-signed a note of $400 million. GM needed the cash to save its Korean arm. GM itself was facing bankruptcy, which happened only little later. Now, the share is coming back. For a hefty price. (Read More…)
When Chinese Premier Wen Jiabao will come to Germany on April 23, he will open the Hannover Fair and will visit old friends at nearby Volkswagen. Volkswagen will have a present for China’s outgoing leader: Volkswagen will build another factory in China. What is strange are the factory’s size and location. (Read More…)
JAC is the Chinese company that caused worldwide, well, at least American indignation with a fake F 150. JAC will premiere something at the Beijing Auto Show that is not prima facie fake: A sports car. According to Carnewschina, JAC will show the JAC Heyue SC coupe, or what Carnewschina calls “the biggest surprise for the Beijing Auto Show.” (Read More…)
The Nikkei [sub] must have been having intimate chats with sources high up in Nissan’s tower at the Yokohama waterfront again.
Prematurely perturbing press people at Nissan, the Tokyo wire reports that a new factory will be constructed in China, and that Infiniti cars will be built at yet another factory in China. In the meantime, Reuters cultivated sources at Renault and says that Renault will finally finalize a deal to produce cars in China. (Read More…)
Save for some French cabinet ministers, you aren’t likely to find any of the global elite tooling around in French luxury sedans. Citroen is hoping to reverse this trend with a made-for-China luxury limo, seen above. Dubbed the “DS Numero 9”. We suppose that’s French for “Panamera lookalike”.
China’s March numbers are in and they are – ok. The first quarter is down a little, March is up a little. People who were hoping for a return of unbridled growth are just as disappointed as those who had wished the pox of a monster crash on China. (Read More…)
The Chinese car market isn’t dead yet. China had delivered a few lackluster months and was promptly feted by the I-told-you-so crowd as the 21st century version of the limits of growth. Suddenly, the Chinese car market shows surprising signs of resilience. Sales data for March are not here yet, but TTAC’s patent-pending Chinese sales oracle has spoken: GM China. (Read More…)
Nissan’s upscale Infiniti cars can only be bought outside of Japan, but most of the cars are made in Japan. That will change, said Nissan CEO Carlos Ghosn in New York. (Read More…)
In the alleged police state China, speeders are not hunted down by testosterone-driven cops. Hey get fined through the mail. A system the Chinese have copied from Europe. Some Chinese have taken to using a little camouflage. (Read More…)
The “made for China” Buick Encore won’t be the last gawky micro-crossover put out by General Motors. In addition to the Encore and the Opel Mokka, it looks like Chevrolet will join the party too – perhaps what should have happened right from the start.
A year ago, I penned a passionate defense of the new direction that was being taken by Lotus. In the piece, I chastised enthusiasts for their armchair criticism of Lotus management and their resistance to bringing out new vehicle to replace the nearly two decade old Elise (which would hit that mark by the time a replacement rolled around in 2015) and their lack of faith in the stewardship of CEO Dany Bahar, the man who helped Luca di Montezemolo turn Ferrari around. Now it looks like I’ll have to retract those words and admit I was wrong.
Daimler’s R&D chief Thomas Weber told Germany’s Wirtschaftswoche a big secret: Daimler will show an electric car at the Beijing auto show that opens in the last week of April. Of course, TTAC readers already knew the secret. But it is always nice to have independent verification. (Read More…)
Real Chinese brands are losing market share to joint ventures. The Chinese government wants to keep up appearances, and strongly suggests to joint ventures with foreigners that they should start a separate “Chinese” brand. Latest to say “hao” (yes, ok, jawohl) is Daimler. Its joint venture with BYD to make electric cars in China will dispense with making electric Mercedes first and will instead immediately head to second base and launch a Chinese brand. (Read More…)
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