Automotive News

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

The deal to sell Volvo to Geely may be falling apart after 10 months of heavy petting. Everybody from Bloomberg to the DetN has lapped up the leak that it’s all about intellectual property that may be misappropriated in the Middle Kingdom. The true crime: A massive insult to the intelligence ... Full Article

Former Ford engineer Xiang Dong Yu, also known as Mike Yu, was arrested last week at the Chicago O'Hare airport and indicted on suspicion of stealing trade secrets from his former employer. Yu, who worked at Ford Motor Company from 1997 to 2007 , joined Beijing Auto's research and development ... Full Article

Following a robust September when China's auto sales soared 78 percent from a year earlier, the China Association of Automobile Manufacturers (CAAM) now forecasts that auto sales in the country would surpass 12 million for the full year of 2009. Many global automakers are getting by in this ... Full Article

Dongfeng-Renault deal dead in the water againThe proposed joint venture deal between Dongfeng and Renault has reportedly stopped again. The two automotive companies have been in talks for years regarding the production of Renault vehicles in China, but have repeatedly had various setbacks. ... Full Article

It's been in the works for some time and now it's finally official. According to Reuters, General Motors has signed a definitive agreement to sell its Hummer brand to China's Sichuan Tengzhong Heavy Industrial Machinery, with Tengzhong taking an 80 percent stake and a private investor consuming the ... Full Article

Ford Motor Co is in the process of analyzing bid from Chinese auto maker Geely Holding Group Co to acquire 100% of Volvo for approximately $2.5 billion, according to Wall Street Journal report. The deal is yet to be settled down, but there are already many Volvo cars fans and owners crying on blogs ... Full Article

The Global Times Foreign Test Driver Group will hold its second test drive September 20 in Xi'an, Shaanxi Province. This time, the group will be able to drive three models from BYD.New members Ogu Ahaneku, Daniele Chiapello, and Nicholas Byrne have a lot of driving experience, in their hometowns. ... Full Article