Volkswagen to produce more engines, transmissions in China

Volkswagen will produce more engines and transmissions in China as part of its global expansion strategy to meet rising demand for fuel efficient vehicles.

The company – China’s largest foreign car manufacturer – will manufacture its TSI engines and DSG gearboxes in an attempt to reduce the fuel consumption of its locally made cars by 20 [...]

Beijing Auto joins China’s EV race

Beijing Automotive Industry Holding Corporation (BAIC), has shown off its first self developed electric car, joining other Chinese rivals expecting a demand for clean energy cars.

BAIC is a partner of Daimler and was an unsuccessful bidder for General Motors’s Opel brand. The electric vehicle known as BE701 is able to travel a distance of 200km [...]

Hyundai Elantra is China’s best selling foreign car

It would appear China is falling in love with Hyundai, as the South Korean brand’s Elantra model becomes the country’s number-one selling foreign car.

In a fast-growing market, Hyundai has seen a rapid rise in China as its product goes from being virtually unknown just seven years ago, to one that has quickly become known for [...]

BMW, Brilliance to open second Chinese plant under joint venture

BMW has announced overnight that it plans to open another assembly plant in Shenyang, China, the second under its joint-venture with local manufacturer Brilliance.

Once complete the plant will more than double BMW’s Chinese assembly capacity, which is currently sits at around 41,000 units per annum.
“Our plant has reached its capacity limit, so we are now [...]

Unique Ferrari 599 sells for $2 million

A unique Ferrari 599 GTB Fiorano was sold last night for AUD$2 million to a Chinese car buyer.

Leading Chinese artist, Lu Hao, had taken the Ferrari super car and decorated it with Song Dynasty Ge kiln pottery pattens. Lu Hao blended traditional design elements with Ferrari’s innovative styling to create a truly unique vehicle using [...]

Ford names China’s Geely as preferred Volvo bidder

Chinese manufacturer Geely Group Holdings is Fords top bidder to purchase Volvo.

Ford will begin more detailed negotiations with Geely, but final decisions have not been made.

“Ford believes Geely has the potential to be a responsible future owner of Volvo and to take the business forward while preserving its core values and the independence of the [...]

Hummer officially sold to China’s Tengzhong

It’s official, China’s Sichuan Tengzhong Heavy Industrial Machinery Company has signed a definitive agreement to purchase the Hummer brand from General Motors.

Hummer’s leadership team will remain in place and the company will be headquartered in Detroit.
For the interim, Hummer will contract with GM to produce the H3 and H3T at the automaker’s Shreveport, Louisiana, assembly [...]

New US challenger enters bidding on Volvo

A US-led group has entered the race to buy Volvo from Ford in a challenge to China’s Geely Automotive.

A Ford spokesman said the group was in discussions with interested parties about Volvo cars, but declined to identify the parties, the price of the bid or to comment on the timing of any sale.
Citing people [...]

German luxury marques boom in China

The booming Chinese car market continues to be one of the few bright spots for German luxury manufacturers, which have drawn few benefits from scrapping programs in the UK, US and Europe.
Mercedes-Benz, Audi and BMW all posted year-on-year volume gains of more than 35 per cent in the China last month in stark contrast [...]

China’s Beijing Auto to assist Koenigsegg with SAAB purchase

As we reported last week Koenigsegg will not seek additional Swedish government funding in its purchase of SAAB from General Motors, however, according to a report published by Reuters Newsagency today, China’s Beijing Automotive Industry Holdings Company will take a minority stake in Koenigsegg to further assist the group with its purchase.

It’s the second such [...]

Toyota recalls 688,000 cars in China

Toyota Motor Corporation will recall 688,314 cars made at its two China joint ventures starting Tuesday to fix a faulty window-control switch, which is the carmaker’s largest recall in China.

Reuters Newsagency quotes analysts as saying the recall will not have any long-term impact on the Japanese company’s growth prospect in China as the defect is [...]

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