The feared Chinese car exports so far have been a dud. The value of car imports beats exports 3:1. This doesn’t dissuade privately owned Chinese carmakers from trying. They are active at the soft underbelly of the world, in developing or emerging markets of South America and Africa. Now, they are getting a bit closer to Europe. (Read More…)
Did we say „duh“ when GM China announced plans to make more than 2m cars in China this year, the first foreign joint venturer to do so? When they said that, they already had 1,976,913 units in the can, and nobody did doubt that GM would find the 23,087 buyers to reach the 2m. Well, a few days later, they found them. (Read More…)
Australian Caradvice has the riveting story of (Geely-owned) Volvo discontinuing plans of a large S-Class type sedan that could mix it up with the likes of the Audi A8, the BMW 7er, and of course the Mercedes S-Class, all very much in favor amongst the Chinese rich and not so famous. Cardadvice makes it a fight between Geely CEO Li Shufu, who wanted the big Volvo, and his new hire Stefan Jacoby, whom he had snatched from VWoA to run Volvo, and who doesn’t want a big Volvo. The truth is elsewhere. (Read More…)
In the politically and emotionally charged discussion whether Chinese interests will buy a chunk of GM in their IPO, one decision appears imminent: Will SAIC, GM’s joint venture partner in China, take the bite or eschew the lure? India’s Economic Times, always with a wary eye on happenings on the other side of the Himalaya, says that “top Chinese automaker SAIC Motor is close to making a decision on whether to buy a stake in its long-time partner General Motors as the US auto firm goes public.” (Read More…)
The recently-debuted Chevrolet Volt ads are built around the same basic assumption that drove the design of the Volt’s extended-range electric (EREV) drivetrain: Americans will not tolerate running out of vehicle range. So severe will be America’s Range Anxiety®, GM is guessing, that its electric vehicle (EV) consumers would be happy to lose some electric range and pay a significant price premium compared to the pure-electric competition in order to fill up on gas when they forget to plug in. But while we wait for this psychological insight to prove true across the broader market, recent news seems to show that GM has forgotten about another beloved American freedom: the freedom of choice. For example, the choice to buy a GM-made “pure” EV. To find that kind of freedom you have to go to China…
Wasn’t BYD the miraculous Chinese company that would bring electric cars to the masses? Weren’t they supposed to go hundreds of miles on a single charge? Forget about it. So far, their electric cars are being tested as taxis in Shenzhen in low numbers. What if you would be crazy enough to buy one yourself? They won’t sell you one. (Read More…)
Worried about the Chinese grabbing a piece of GM while it’s cheap? Don’t feel like the lone ranger. China is joining an illustrious circle of investors from Kuwait, Abu Dhabi and around the world and grabbed a “notable” stake in Daimler. An unnamed Chinese institutional investor has bought a chunk of Daimler, as their CFO Bodo Uebber told the Frankfurter Allgemeine Zeitung (FAZ), which sent an advance copy to Reuters. (Read More…)
U.S. car sales had peaked in 2000 at 17.4m, and it’s been downhill from there. Especially lately. This year, we might see between 11 and 12 million in the U.S. But wait, we might see the +17m again this year. In China.
“Industry experts are now saying China is on path to surpass that record,” reports Gasgoo. And that’s just the beginning. (Read More…)
Nobody knows for sure how many automakers China has. The guesses were somewhere between 60 and 120. Now we have it official: It’s “more than 130 big and small companies in 27 provinces,” writes China Daily. But it looks like a lot of them need to seek other employment. After having made consolidation noises for more than a year, the Chinese government is about to bring their car companies down to a manageable number. (Read More…)
Four driverless, autonomous vans finished a trek most drivers would never think of driving: From Italy through Eastern Europe, Russia, Kazakhstan and the Gobi Desert, all the way to Shanghai, China. They arrived there last Thursday, just in time for the Expo that closed last weekend. It was a long 8000 mile way, and they never got lost. (Read More…)
Ever heard of a Chinese city by the name of Ordos? Neither have I, and it’s my sixth year in China by now. Google maps says it is in Inner Mongolia, China, halfway between the buzzing cities of Hohot and Yinchuan. Ordos just started its 2010 International Auto Show, going from September 30 to October 4. And what do they sell there, you ask, ox carts?
Prepare to be blown away. (Read More…)
China’s going nutty over the next-generation of Buick GL8 minivans, which recently strutted its Buick Business Concept-derived styling in downtown Shanghai. We’ve heard rumors of a Buick MPV coming stateside for some time, with each successive rumor placing the “Baby Enclave” on a different platform, first Delta then Gamma. Though the latest intel seems to indicate that the US will get a Buick-badged version of the suicide-doored Opel Meriva, wouldn’t an Epsilon-based full minivan be a more natural fit for the US market? Sure, it might cannibalize the Enclave some, but that hasn’t stopped Buick from offering no fewer than three mid-sized sedans. Could Buick be the next brand to re-hip the minivan? Should it be?
Since I’ve been writing for TTAC, I have kept my eyes on exports from China, which according to popular wisdom, will take over the world. The truth about Chinese car exports is that they aren’t happening in the grand scheme of things. Keep that in mind when you will hear reports about skyrocketing Chinese exports. (Read More…)
Rumors of Tata’s Jaguar Land Rover (JLR) establishing production in China have been around for a while. With good reason, Jaguars and especially Land Rovers enjoy (fairly) brisk sales in China. Now, these rumors move into the realm of the definitive. (Read More…)
Daimler wants to drastically increase Chinese production, at the expense of their booming imports. Dr. Z. told China’s National Business Daily (via Gasgoo) that their joint venture with BAIC, Beijing Benz Automotive Co, will expand its production capacity to 200,000 units a year. What won’t make people back home happy: Daimler wants to reduce the proportion of imported Mercedes-Benz models in the Chinese market to 30 percent from 70 percent. (Read More…)
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