Sunday, May 26, 2013

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New Chinese tax on luxury automobiles rumored to be announced soon

Gasgoo.com (Shanghai May 21) - Recently rumors of impending taxes on luxury vehicles have been appearing across the Chinese media. In a report appearing the Nanfang Daily today, an anonymous official from a German luxury car manuf...

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Guangzhou Automobile shares jump 7% on rebound in sales

South China Morning Post - Guangzhou Automobile (GAC) shares yesterday rose to a one-year high on the back of a rebound in sales of the cars it makes with Toyota Motor and the group's expansion plans....

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Top 100 Chinese dealerships sell over 4.83m vehicles in 2012

Gasgoo.com (Shanghai May 24) - Combined yearly business returns for the hundred top performing automobile dealership networks in 2012, as listed by the China Automobile Dealers Associations, totaled 9...

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Chery to build new factory in Malaysia in 2014

Gasgoo.com (Shanghai May 24) - Chery will establish a new vehicle assembly plant in Malaysia within the next five years, which will begin operation sometime next year, autohome.com.cn reported today. ...

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Roewe 750 to come to Egypt in June under the MG name

Gasgoo.com (Shanghai May 23) - Following news that it would enter the Thai market with the help of domestic company Charoen Pokphand, SAIC Group has announced plans to sell own brand Roewe models in t...

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China to become a major manufacturing center for GM

Gasgoo.com (Shanghai May 22) - General Motors is planning to add four new factories in China by 2015, the Nanfang Daily reported today. The manufacturer made the information public in its recently ann...

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China surge in car dealers likely to sap profit, Bernstein says

Bloomberg News - Chinese auto dealership returns will decline as automakers add more of them, intensifying competition, Sanford C. Bernstein Ltd. said in a report. Foreign automakers are expanding ...

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Tata Motors falls on likely luxury car tax in China

NDTV - Tata Motors shares fell 2.56 per cent at around noon, on reports that luxury automobiles are likely to taxed 20 per cent in China. The luxury tax is likely seen at least 1.7 to 1.8 million Yuan...

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Geely to release pure electric EC7 in 2014

Gasgoo.com (Shanghai May 22) - Geely has announced a new pure electric version of its EC7 luxury car, the Nanfang Daily reported today. The pure electric EC7 is scheduled to make its simultaneous dome...

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Dongfeng aims to export 100000 vehicles in 2013

Gasgoo.com (Shanghai May 22) - Dongfeng Motor is aiming to export 100,000 automobiles this year, jfdaily.com reported today. The number, which was announced by Dongfeng at a recently held annual summi...

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Global NewsMoreRSS

South Korea's auto exports fall on less business days

China Daily (Seoul) - South Korea's automobile exports posted a double-digit fall last month due to less business days arising from the Lunar New Year's holiday and weak demand for locally-made cars, a government report showed Mon...

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Weaker yen is mixed bag for Japan auto makers

The Wall Street Journal - Japan's auto makers have been some of the most vociferous proponents of a weaker yen—calling for the U.S. dollar to appreciate to ¥100 or more. That is because t...

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India: Car registration gets simpler, no government nod needed

The Times of India (Kolkata) - Next time a new car is launched in India, the first batch of owners in Kolkata will get to drive it around the same time that customers do in Delhi, Mumbai, Chennai, Ban...

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GM's Opel says to move Zafira assembly to Ruesselsheim

Reuters (Frankfurt) - General Motors' loss-making European brand Opel will move production of the multi-purpose vehicle Zafira to Ruesselsheim in Germany, shoring up its headquarters as it prepares to...

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US car use falls as younger generation shifts gears

Reuters (New York) - Americans are driving less than they used to because of higher gasoline prices, a weak economy and changing generational preferences, according to a report released Tuesday that f...

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BlogMore RSS

Today update
Why Volts built on Mars are possible -- in an election year

I hear General Motors is planning to lay off thousands of workers in Detroit and move production of the Chevrolet Volt to Mars. This is obviously more bad news for Detroit, which will then be left ...

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Do Pickup Drivers Really Want Six-Cylinder Engines?
General Motors Co. General Motors’ 4.3-liter EcoTec V6 engine. General Motors’ GMC truck unit said its Sierra full-size pickup truck will come with a standard 4.3-liter V6 engine tha...
Saab and Jaguar On Different Roads
Remember when Ford was considering selling Jaguar? The questions at the time were not much different than they were when GM first said it was looking into selling Saab. At the time, analysts talked ab...

CommentaryMore

Generation Y is “out of love” with cars
The industry is facing a time in its history in which it has many more questions than answers. It is a time in which consumer insight and understanding should play a pivotal role. Growth will come to those brands that gain a subtl...
Summary: Global automobile sales in 2012 by region and by nation
Gasgoo.com (Shanghai) - According to statistics collected by the International Organization of Motor Vehicle Manufacturers and compiled by Gasgoo.com (Chinese), a total of 81.74 million automobiles we...
Summary: Net profits comparison for Chinese automobile manufacturers in Q1
Gasgoo.com (Shanghai) - The first quarter of 2013 saw sales in the Chinese automobile market grow rapidly. As a result of this, business returns and net profits of Chinese manufacturers also increased...

InterviewMore

TRW: Design safer automotive products for Chinese consumers
Manfred Meyer(left) & Jeff Shaya(right) TRW owns a high reputation in the filed of automotive safety products globally. In order to meet the growing demand of Chinese consumers, the company is mana...
Dana:Concentrating on the Chinese market providing localized products and service
Recently, Dana China Technical Center (DCTC for short) opened in Wuxi, Jiangsu. The company executives claimed that the establishiment of DCTC shows the significance they emphasize on the Chinese mark...
Slowdown of sales growth yet flourished development opportunities in the Chinese auto market
tesa (Shanghai) Trade Company, Ltd. Marketing Director Thomas Gassner As one of the world’s leading producers of self-adhesive solutions for industry, trades, and consumers, tesa possesses mo...

SuppliersMore

Faurecia Wins Three Awards at China Automotive Industry 2011 Award Demonstrating Commitment to the China Automotive Market
Faurecia, a leading global supplier of engineering solutions and automotive components, stood out from nearly one hundred participants as it won three awards at the China Automotive Industry 2011 Awar...
Schaeffler receives Excellent Supplier Award from Geely
HERZOGENAURACH, 7th May 2013. Schaeffer has been presented with the Excellent Supplier Award 2013 for the first time during the "Geely powertrain supplier conference 2013" in Ningbo/China. By presenti...
Schaeffler places senior secured notes of 1.25 billion Euro
• Volume upsized from €1 billion to €1.25 billion • Two tranches with maturities of five to eight years in Euro and US-Dollar • Proceeds to be used to prepay existing...
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