Gasgoo.com (Shanghai July 19) - Ever since Geely's acquisition of Volvo, there has been a race among Chinese own brand manufacturers to purchase foreign automotive enterprises. The most recent target is failing US electric vehicle manufacturer Fisker, which is currently searching for a buyer.

Gasgoo.com (Shanghai July 19) - Guangzhou Automobile Group and Honda Motor have officially reached and signed an agreement regarding the manufacture of Acura vehicles in China. According to the agreement, both parties will aim to produce Acura brand vehicles via the Guangqi Honda joint venture by 2016. GAC and Honda have yet to reveal which Acura models will be among those domestically manufactured.