Automotive News

China has been less of a bright spot for Toyota than for most of its rivals, and its latest global recall could hurt it further in the world's largest auto market — not least imagewise.Though Toyota's recall in China of 75,552 RAV4 sport-utility vehicles is tiny compared with its massive ... Full Article

Goldman Sachs has been known to pick a few winners in its day. The $334 million it plunked into the Chinese automaker Geely in September may prove to be one of its craftiest bets.Geely, picked as the preferred bidder for Ford's Volvo unit, is seeking at least $1 billion in loans from Chinese banks ... Full Article

With cross-strait economic cooperation framework agreement (ECFA) to sign in sight, deals between the mainland and Taiwan automakers have driven the cross-strait’s economic ties to a new level and boost the island’s moribund auto sector.Taiwan's Yulon Motor Co. is in conjunction with ... Full Article

It’s been year since we blogged Chinese press reports that China’s SAIC might buy GM. It turned out to be one of many Chinese rumors that followed. We became the target of hate mongering—some idiots even accused us of driving down GM’s and Chrysler’s stock price. Duh, ... Full Article

On Wednesday, German tire and car parts maker Continental AG joined the long line of multinationals who opened a R&D facility in China. The multinationals are way ahead of popular wisdom that technology is developed in the West and ripped off in the East. In reality, development has long left the ... Full Article

BMW AG, the world's largest maker of luxury cars, signed an agreement with its Chinese partner Brilliance Auto to invest $735 million to expand the capacity of their joint venture in China, Reuters reported last week. On the other hand, apart from output, profit and market share, Brilliance has ... Full Article

China's Changan Automobile Group announced November 10 that it would take over two automakers under the Aviation Industry Corporation of China (AVIC), the country's national aircraft maker, which is the largest merger deal in the Chinese auto industry for years.After its auto-making business and ... Full Article

Ford Motor Company announced Oct.29 that a consortium led by Zhejiang Geely Group Holding Co. Ltd. is its preferred bidder in the ongoing discussions concerning the possible sale of Volvo Car Corporation. When Geely and Vovlo are reported as a supposed couple, it seems few are optimistic about this ... Full Article

BYD has created its confident upstart image among the plug-in cars market, of course with its strong ambition. Chuanfu Wang, CEO of BYD has claimed for several times, “Our electric car technology can surpass that of those big names like GM and Toyota!” The company hopes to be ... Full Article

If it goes according to the plans of two competing car dealers, Des Moines, Iowa, will become the center of the Chinese car export revolution. The Chinese car invasion has been long feared, but so far has not materialized. Two guys in Des Moines are on a Chinese trade mission …According to ... Full Article