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 [...]

Great Wall Motors to expand range

Australia’s first Chinese automotive importer, Great Wall Motors, certainly seem s to be building a sales foundation, and has announced plans to add three more vehicles to its range.

Two Great Wall twin cab utilities were launched onto the Australian and New Zealand markets in late June by local importer Ateco Automotive, and since then they [...]

Brilliance BS4 set for EU market

Brilliance – China’s eighth largest vehicle manufacturer – will soon begin shipping a version of its BS4 wagon to Europe.

The BS4 wagon will be the brand’s third model to go on sale in the European market following the BS4 and BS6 sedan range which have been available since late 2007.

VW China outsells German market

Volkswagen has for the first time ever sold more cars in China than it did in its home market of Germany.

For the first half of 2009 the manufacturer sold 652,000 units in China while selling 631,900 vehicles on home soil. Both figures represent an increased demand for VW vehicles.

China’s Geely Motors to purchase Volvo – report

A new report from the US today has indicated China’s Geely (Motors) Holding Group is expected to finalise a US$2 billion offer this week to purchase Volvo from Ford.

According to the report published in the Wall Street Journal, Geely’s move to buy Volvo stems from a January 2007 discussion between Don Leclair, then Ford’s chief [...]

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