Brilliance aims to launch plug-in hybrid in '13
Shanghai, September 18 (Gasgoo.com) Brilliance China Automotive Holdings Co said it is on track to launch a plug-in hybrid electric vehicle (PHEV) by 2013, Jinghua newspaper reports.
Brilliance Auto began to develop PHEVs in 2008 and is expecting to bring such vehicles to the market in 2013 if there's a mature charging environment by that time.
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BYD aims to overtake Toyota as world's No 1 carmaker by 2025
Shanghai, September 17 (Gasgoo.com) BYD Co, China's largest rechargeable battery maker and an ambitious automaker, said yesterday that it is aiming to become China's No. 1 automaker by 2015 and overtake Toyota to become the world's No 1 carmaker by 2025, state-run China Daily reports.
"We have plenty of time to become China's top carmaker by 2015 with a complete and mature product line-up. I am sure we can achieve the target earlier than scheduled," Wang Jianjun, deputy general manager of BYD Auto Sales Co told the newspaper.
Geely denies preparing bid for Ford's Volvo
Shanghai, September 16 (Gasgoo.com) Geely Holding Group, the parent of Geely Auto, has disavowed an earlier statement that it's planning a possible bid for Ford Motor's Volvo Cars unit, Dagens Industri reported, citing Volvo head Stephen Odell.
Geely Holding Group Co. has expressed interest in bidding for the Swedish group. However, interviewed in daily Dagens Industri yesterday, Volvo Car CEO Stephen Odell said Geely had now denied preparing a bid. "They clarified at the weekend that they had never made such a statement," Odell was quoted as saying.
SAIC, Iveco to expand CV lineup in China JV
Shanghai, September 16 (Gasgoo.com) SAIC Motor and Iveco, Fiat's truck and engine division, said yesterday that they planned to develop more commercial vehicle (CV) models and expand the product lineup for their joint venture in China, media reported.
In addition to light buses and heavy-duty trucks, SAIC and Iveco will develop and make large- and medium-sized buses, special vehicles and core components. They will also jointly build a technical center and integrate their resources in China to create a leading, competitive CV giant.
Beijing Auto seeking alliance like Renault-Nissan
Shanghai, September 15 (Gasgoo.com) By planning to indirectly own part of Sweden's Saab, Beijing Automotive Industry Holding Co. is seeking a "strategic alliance" modeled on the Renault-Nissan Alliance, the Wall Street Journal said today, citing a top executive of Beijing Auto.
"The model we want to pattern after is Renault-Nissan," Beijing Auto President Wang Dazong said in a recent interview. "It is an alliance that uses each other's strength to benefit both."
Tire spat may affect US automakers in China
Shanghai, September 15 (Gasgoo.com) The ongoing China-U.S. trade dispute will drive tire prices higher for American consumers and also threatens to complicate business for U.S. automakers in the booming Chinese market if unresolved, Reuters reported.
The Obama administration said on Sept. 11 that it would adopt steep tariffs on tire imports from China later this month, a move tire distributors said would have the effect of raising the price of low-cost tires to U.S. consumers almost immediately.
China's auto industry threatened by overcapacity
Shanghai, September 14 (Gasgoo.com) China's auto industry has shown signs of overcapacity, but automakers continues planning further expansion, state news agency Xinhua said today. The country's auto production capacity is predicted to exceed 16 million units by 2012.
China's leading auto companies, including SAIC Motor, FAW Group, Dongfeng Motor and Changan Auto, have each announced multi-million unit sales targets for the coming two years. Chery Auto has set an output and sales goal of 1 million units by 2012. Beijing Auto is aiming at output and sales of 1.5 million units in 2010 and 2 million in 2011.
US tire tariff to cause 100,000 job losses in China
Shanghai, September 14 (Gasgoo.com) US President Barack Obama's decision to impose punitive tariffs on tires imported from China may cost 100,000 Chinese workers lose their jobs, the state-run China Daily reports on Sunday.
President Obama signed a determination on Friday to impose a tariff on tires from China in response to complaints that a surge of imports had undermined the U.S. industry and contributed to the loss of more than 5,000 jobs.
