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SAIC source: No contact with Ford on Volvo Yang Jian and Arjen Bongard yangjian@autonewschina.com Shanghai Automotive Industry Corp. is not talking to Ford Motor to buy Volvo, an SAIC source said. "As far as I know, our company has never contacted Ford on the purchase of Volvo Cars," said the source, who declined to be identified. Speculation that Ford is planning to sell its Swedish brand Volvo -- possibly to a Chinese automaker -- was triggered by a report in Sweden's Dagens Industri business newspaper early this week. --Published:2008/7/2 >> Read Full Story |
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Court bans German sales of China-built SUV James Franey Automotive News Europe
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Chinese automaker cuts ties to Chamco Diana T. Kurylko dkurylko@crain.com  Tired of dealing with an American company tied up lawsuits, Chinese automaker Hebei Zhongxing Automobile Co. has terminated its contract to supply Chamco Auto with vehicles. Would-be importer Chamco was put into the hands of a legal custodian in April by an American court. Since then, more than a dozen executives with automotive expertise and experience have resigned, sources familiar with the case said. Pictured: Zhongxing Landmark SUV.
--Published:2008/7/2
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Mitsubishi to produce automatic transmissions in China Kevin Huang kevinhuang@autonewschina.com GUANGZHOU -- Mitsubishi Motors Corp. will start producing four-speed and five-speed automatic transmissions in 2009 in its China powertrain joint venture Harbin Dongan Automotive Engine Manufacturing Co. Chinese domestic automakers are the major target clients of the products. First phase of the transmission project will have an output capacity of 150,000 units per year. --Published:2008/7/2 >> Read Full Story |
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PSA/Peugeot Citroen to make hatchback in China Kevin Huang kevinhuang@autonewschina.com  GUANGZHOU -- PSA/Peugeot Citroen SA will start mass producing the five-door version of Citroen C4 hatchback [pictured] in China in early September. Unveiled on June 28 in Shanghai, Dongfeng Peugeot Citroen says the five-door hatchback carries 1.6- or 2.0-liter gasoline engines. Zhang says when developing the car for the China market, Dongfeng Peugeot Citroen mainly made changes in the color and texture of the interior trim. --Published:2008/7/2 >> Read Full Story Lear buys majority stake in fabric supplier in Zhejiang province Lan Lan lanlan@autonewschina.com BEIJING -- Lear Corp. has acquired a 75 percent share of the automotive fabric operations of its trim supplier New Trend Group Co. in Ruian city, Zhejiang province. Through the acquisition, Lear secures a low-cost fabric supply for its existing operations. Lear also plans to export New Trend's automotive fabric outside of Asia. "We see an opportunity to launch our fabric portfolio with American and European customers," says Lou Salvatore, president of Lear global seating operations. --Published:2008/7/2 >> Read Full Story |
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Italian company to make antitheft and parking aid systems in China Lan Lan lanlan@autonewschina.com  BEIJING -- Cobra Automotive Technologies S.p.A. plans to build its first Asia plant in China to produce electronic systems including antitheft and parking aid systems for cars. Cobra has purchased an 18,000-square-meter parcel of land near the plant of Beijing Benz-DaimlerChrysler Automotive Co. Construction of the plant and an r&d center will start on the land in October. After it becomes operational in 2010, the plant will have a combined capacity of 3 million antitheft and parking aid systems. Pictured: Fabrizio Finocchiaro, managing director of Cobra (Beijing) Automotive Technologies Co.
--Published:2008/7/2
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COMMENT To attract young car buyers, build your brand first Yang Jian yangjian@autonewschina.com  SHANGHAI -- Thanks to strong hatchback buying by young consumers, the long sluggish subcompact segment of China's auto market is finally booming. Does that mean new opportunities for all automakers who sell hatchbacks? Not necessarily. To win the hearts of the young, brand building holds the key. Pictured: Yang Jian is the managing editor of Automotive News China
--Published:2008/6/25
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Chery plans to build Yaris-size car in new plant Lan Lan lanlan@autonewschina.com BEIJING -- Chery Automobile Co. plans to build a new car about the same size as the Toyota Yaris in a new plant to be built in Wuhu, Anhui province. Fitted with 1.3- and 1.5-liter engines, the Yaris-size model will have three versions: a three-door hatchback, a five-door hatchback and a sedan. The model is expected to be launched in 2010, say sources close to the project. Chery displayed a series of new models at the Beijing auto show in April, but this model was not included. "It's an all-new model," says a Chery source. --Published:2008/6/25 >> Read Full Story |
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SHANGHAI -- In 2007, passenger vehicles sales in China surged 21 percent from 2006. We are now about half way through 2008. Can we expect to see the same strong growth this year? The answer is probably not. Pictured: Yang Jian is the managing editor of Automotive News China.
--Published:2008/7/2
MUNICH -- A court has banned German sales of an SUV made by Chinese automaker Shuanghuan Automobile Co. The court in Munich ruled that Shuanghuan's CEO infringes BMW's design rights. BMW claims the CEO closely resembles its X5 premium SUV. It started legal proceedings last September to stop CEO sales in Germany. Shuanghuan's German importer China Automobile Deutschland denied that the CEO [pictured] infringes BMW's design rights.