SUV prices continued to decline across China last month as automakers stepped up launches of new SUVs -- especially compact models. In October, prices of SUVs produced in China dropped 2 percent year on year, while prices of imported SUVs slumped 7 percent, according to the National Development and Reform Commission, China's price regulator.
Citroen launched its first Chinese-built SUV model last week at the Guangzhou auto show. The vehicle, the Citroen C3-XR compact SUV, has a starting price of 110,000 yuan ($18,000). It is powered by a 1.6-liter gasoline engine with an optional turbocharger. The engine is combined with a six-speed automatic transmission.
Shanghai General Motors Corp. introduced an improved version of the Chevrolet New Sail subcompact sedan at the Guangzhou auto show. The redesigned model, the Chevrolet Sail 3, is bigger and has a more powerful engine than the New Sail.
Guangzhou Automobile Group Co. and Fiat Chrysler Automobiles will establish a joint venture to integrate sales and marketing for the Fiat, Chrysler and Jeep brands in China. The move is intended to enhance cooperation between the two companies and pave the way for local Jeep production in China, according to GAC.
Volkswagen's investment plans for the next five years tell one story very clearly -- the company is becoming ever more dependent on growth in China in its bid to overtake Toyota as the world's No. 1 carmaker. For the first time in years, the planned increase in investment by VW's two Chinese joint ventures -- internally financed through their own cash flows -- is set to accelerate, even as Volkswagen becomes dangerously exposed to a slowdown in China.
Tesla Motors Inc. opened a vehicle service center in the northwest China city of Xi'an on Friday to expand its presence in China. It is the first vehicle service center the U.S. electric-car maker has established in northwest China and the sixth that the company has opened nationwide.
SHANGHAI -- General Motors will build a small fleet of electric vehicles as part of a vehicle-sharing program with Shanghai Jiao Tong University next year. The test program will use the Chevrolet EV-V 2.0 electric car, a minicar with a range of 40 kilometers (25 miles) on one charge. The car debuted at Expo 2010 in Shanghai. The university will integrate the EV fleet with shuttle buses, cars and bicycles on its Minhang campus in Shanghai.
SHANGHAI -- Since summer, China's light-vehicle market has been losing momentum. Sales of sedans, SUVs, multipurpose vehicles and microvans grew only 6 percent in September and October, down from an 11 percent growth rate in the first half of the year. Should automakers and suppliers be worried about a slowdown? No, because even though sales growth has slowed significantly over the past two months, not every product segment has run out of steam. Pictured: Yang Jian is managing editor of Automotive News China.
Ford Motor Co. will start producing a three-row, seven-seat Ford Edge in China next year to meet Chinese consumers' strong demand for crossovers. The vehicle, powered by Ford's 2.7-liter EcoBoost engine, will be built at Changan Ford Automobile Co., Ford's passenger vehicle joint venture in the southwest China municipality of Chongqing. Ford is displaying the vehicle at this week's auto show in the south China city of Guangzhou.
GUANGZHOUI -- Mercedes-Benz launched the Maybach in China on Wednesday, with a variant specially designed for Chinese consumers.In a bow to the Chinese market, Daimler will introduce the Mercedes-Maybach S400 4MATIC, equipped with a 3.0-liter V-6 and all-wheel drive. That version, which won't be sold in the United States, has been designed to appeal to Chinese buyers looking to avoid punitive taxes.