Tuesday, June 18, 2013

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Haima applies for over 10b yuan in credit, sight set on reforming dealership network

Gasgoo.com (Shanghai June 18) - Hainan-based Haima Automobile is entering a new phase this year. "We have applied for credit from banks to support [our] dealership network," Haima Automobile General Manager Wu Gang revealed at the...

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New Chery Ruizhen 7 to hit Chinese markets later this year

Gasgoo.com (Shanghai June 18) - Chery will begin manufacturing its new Ruizhen 7 sedan, which made its debut in concept car form as the α7, later this year, auto.qq.com reported today. The mass-...

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Latest youth initiative from Mercedes-Benz

China Daily - To aid in the advancement of Chinese youth, Mercedes-Benz is again cooperating with the China Youth Development Foundation on a new program that kicked off on May 31. The new initiati...

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China helps Volkswagen steer clear of Europe's car crisis

Reuters - Robust demand in China has become the engine driving growth at German auto maker Volkswagen (VW). Rising sales in the world's biggest car market made VW shine in May, despite the dark clouds...

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Chinese car maker enters Uganda market

NewVision (Kampala, Uganda) - An international player in the Chinese car manufacturing industry has penetrated Uganda's market and is set to build a car plant in the country. Only a nod from the go...

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Eye-catching Geely Emgrand X7 launched in Saudi Arabia

Saudi Gazette (Jeddah, Saudi Arabia) - After about a year and a half of Geely introduction to Saudi markets, Haji Husein Alireza & Co., Ltd., unveiled last week the new model Geely Emgrand X7, a new s...

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Daimler CEO does not expect EU-China trade spat to hit cars

Reuters (Sindelfingen, Germany) - German luxury carmaker Daimler does not expect the current spat between the European Union and China will escalate to include cars, Chief Executive Dieter Zetsche sai...

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Renault deal drives Dongfeng up

The Standard - Shares of Dongfeng Motor Group (0489) rose as much as 3 percent yesterday against a retreating market. The stock was cheered by the mainland environmental authority's approval of a j...

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Passenger car sales see double-digit growth

China Daily - China's passenger vehicle sales in May maintained double-digit growth over a year earlier partly due to continued momentum from the Shanghai Auto Show in April. According to industry ...

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Honda plans more R&D in China

Shanghai Daily - Honda Motor Co is gearing up to make further inroads in China by boosting the localization of its research and development. By the end of 2015, Honda plans to introduce 12 new mode...

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Global NewsMoreRSS

Ford Replaces Humans With Robots For Taxing Test Drives

Autonomous car programs from the likes of Audi, Toyota and Google have been a popular topic lately. While the technology currently exists for self-driving cars, we are likely years away from seeing them publicly available, due to ...

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Britain could overtake France to become second-largest car maker in Europe

The Telegraph - UK plants run by the likes of Jaguar Land Rover (JLR), BMW and Nissan are operating at close to full capacity amid increasing demand from countries such as China. Tim Abbott, managi...

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VW car recalls show hazards of rapid growth

Reuters (Berlin) - The growing number of overseas recalls afflicting Germany's Volkswagen (VOWG_p.DE) shows the perils of rushing for volume as Europe's largest automaker is vying for the world's top ...

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South Korea turns up the heat on foreign car makers

Reuters (Seoul) - Recent free trade deals have helped foreign premium-brand automakers such as BMW and Mercedes-Benz drive up sales in South Korea, previously a heavily protected market dominated by H...

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Thailand: 2000 luxury cars 'smuggled' into port

Bangkok Post - Almost 2,000 luxury cars have been smuggled into Thailand and stored at Laem Chabang port in Chon Buri's Si Racha district, a source at the port's Customs Office revealed on Sunday. ...

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Today update
Autonomy in Cars Progresses, But Regulators Struggle to Keep Up

Why It Matters Human error is a major factor in the accidents that kill more than 32,000 people on U.S. roads and in the traffic congestion that wastes more than $120 billion each year. The U.S....

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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...

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Summary: The future of automobile finance enterprises in China
Gasgoo.com (Shanghai) - Compared with other markets, automobile financing in China is developing relatively slowly. Despite this, the country possesses several characteristics that set it apart from the rest of the world. In the f...
Summary: Sales of mid- to high-class SUVs in April
Gasgoo.com (Shanghai) - Statistics from Gasgoo.com (Chinese) show that growth in the Chinese SUV market is still as high as ever. Year-on-year SUV sales growth rates for the month of April and those f...
Summary: Chinese sales of Japanese automobiles in April
Gasgoo.com (Shanghai) - Following escalated tensions between China and Japan over the Diaoyu Islands late last year, sales of Japanese branded products in the country took a major fall. Japanese passe...

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...
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...
Dana:Meeting the local customers’ requirements is our mission
Despite slowdown in market growth rates, China is still home to the world's largest number of automobile consumers, something which multinational enterprises must still pay attention to. How to succee...

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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