Note to those who comment “slow newsday?” whenever there is something that can be construed as even mildly uncomplimentary towards GM (sorry if you bought the stock.) You are right. The newsday must be glacial. First, the Freep’s investigative reporters unearthed a slowdown at Toyota. Now, the crosstown competition at the DetN found GM’s super-secret car of the future. Stop press! It will be that epic fail, formerly known as the Segway. (Read More…)
Beijingers who shop for a car increasingly find themselves SOL. Dealers report a shortage of cars. Especially scarce: inventories of Volkswagens, China’s largest passenger car brand. “I have to turn to another auto brand for not being able to get a single car of Volkswagen’s for five months,” a customer named Li Guang complained to China’s Global Times. The paper reports delivery times of 3 months for China-made Polos, Sagitars (formerly known as Jetta) and Magotan (known as the Passat B6 in other countries.) Now, Beijing’s car dealers are pouring more oil on the fire. The rumor mill is ablaze with talk that Volkswagen might postpone its car supply to Beijing’s auto market for January next year, because Beijing might launch new car registration limit policies at that time. The result? (Read More…)
Good news, bad news times at Toyota. First, the bad news. (Read More…)
GM China, our recently no longer so reliable oracle for the Chinese market, raised its November sales by 11 percent, compared to an absolutely batty November 2009. 11 percent are not the same growth as the 109.5 percent GM China had recorded in last year’s November, but how much battier do you expect them to get? The more meaningful number is that for the first 11 months of 2010: From January through November, GM’s China sales jumped 33 percent to a mind-blowing 2.17 million units. GM China will most likely close out the year in the 2.35 to 2.4m area – this is higher than the total sales of some of Europe’s larger countries, and definitely a whole lot more than GM sells back home. Better get used to it. (Read More…)
The year is slowly coming to an end. Only one month to go. China’s industry association CAAM is no doubt looking at early reports of the November sales (official numbers will be released in a week or so.) That look emboldened the CAAM to come to a semi-official prediction: “China is expected to record auto sales volume of more than 17 million units this year” said the China Association of Automobile Manufacturers (CAAM), according to Gasgoo. (Read More…)
Just two short years ago, Volvo’s press flacks were talking a big game about Volvo’s luxury aspirations, saying things like
We want to continue to compete with Mercedes, BMW and Audi. We’re working to improve the premium-ness of the brand and our products.
Even as recently as this year, Volvo execs have made much of the need to “not damage the Volvo brand.” But, having been bought by the Chinese automaker Geely, the Swedish brand has changed its tune. Autocar quotes Volvo’s new CEO, Stephen Jacoby, saying
Let’s ditch this talk about premium. It sounds like a pricing strategy and it’s got an expensive ring to it. We need to focus on elegant Scandinavian simplicity, our own unique identity, and not copy our competitors.
So who will be he big Chinese EV producer when the Chinese start buying EVs in earnest? It more and more doesn’t look like BYD. It could be staid old BAIC, Beijing’s partner of Hyundai and Mercedes. (Read More…)
People have accused me of irrational exuberance (or worse) when I mentioned that the Chinese auto market could be 17 million or thereabouts this year. Impending bubbles were predicted. Popping bubbles were (erroneously) reported. Gordon Chang, guest of Glenn Beck whenever Beck needs an Asian that says something nasty about China, even offered the theory that the Chinese government secretly buys most of the cars and hides them somewhere. (For 17 million, the Gobi desert would come in handy, but then there’s Google maps.) I stuck by my prediction of 17m or thereabouts.
Well, it turns out I was wrong after all. (Read More…)
Giorgetto Giugiaro sold out to the tedeschi at Volkswagen. Bertone is teaching budding Chinese car designers in brutally cold Changchun. And now, the last vestige of inspired Italian car design is on the auction block: Pininfarina . Actually, they had hired the Italian investment bank Banca Leonardo in August 2009, but they took their time. Now, the bidding is getting serious. And guess who wants to take Pininfarina home. (Read More…)
Did we say that Toyota is casting a wary eye on Hyundai? The Koreans are on a roll. They are boosting their production capacity in China to 1 million units per year. And they do that right in front of my nose, in Beijing. (Read More…)
China sold more cars last year than Volkswagen built Bugs in nearly 30 years. This year, China will make, sell and buy probably more than 17m cars, and Volkswagen owns a good chunk of that market.
Sou Weiming, vice president of Volkswagen Group China (and himself an import from Singapore) said VW sold 1.6 million units in China in the first ten months and unless the sky will drop, they will have sold 2 million by the end of the year. (Read More…)
India is keeping a wary eye on their neighbor north of the Himalaya. The Indian press is usually not prone to hyping Chinese achievements. Therefore, this news item should give us reason to sit up and take notice. China will shortly announce a plan to sell a million electric cars annually from 2015 on out. That’s what India’s Economic Times says.
A million electric cars a year? (Read More…)
Yesterday, Ed introduced us to the latest addition to GM’s brand portfolio, the BaoJun. Introduced in China, it is allegedly slotted below the Chinese Chevrolet and the Chinese Buick, and supposedly, it is targeted at “first-time buyers in the nation’s second- and third-tier markets,” or so the propaganda goes. The car is made by the SAIC-GM-Wuling (SGMW) joint venture. We’ve had our eyes on that brand for a while, and eyed it with interested suspicion. The suspicion seems to be warranted. (Read More…)
It’s a well-kept secret, which will give the willies to people who are (at least publicly) worried about intellectual property: Microsoft has one of their best R&D centers in China. Located in the silicone gulch in the north of Beijing, MSRA (Microsoft Research Asia) is working on advanced technologies, mostly in the visual area. I worked with them once, and they are NFSWing good. They just had another great idea: Why not mine the knowledge of cab drivers when it comes to proposing the best route on your in-car navigation system? (Read More…)
Looking for an electric car in the $33k price range (before tax credits)? Starting soon you will have two options: Nissan’s Leaf, a 100 mile range, four-door, US-made compact hatchback or Wheego‘s LiFe, a 100 mile range, electrified Chinese city car that is barely distinguishable from the Smart ForTwo. Can you picture many Americans picking the Chinese Smart clone over the Nissan? But Wheego, which previously sold only Low Speed Vehicles, is undeterred. The company claims it will start selling the 70 MPH top-speed LiFe next month… even though AN [sub] reports that the LiFe hasn’t completed EPA certification. Meanwhile, we still haven’t seen a US crash test of the Wheego or the Shuanghuan Noble it’s based on… so we have to rely on questionable Chinese vids like the one above (where’s that airbag?). Wheego is going to need some seriously slick salesmen to make the pitch on this car…
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