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shanghai2015

  GM to spend $5 billion on new vehicles for emerging markets
By Neal Boudette | 2015/7/28

General Motors plans to spend $5 billion over the next several years to develop a new range of technology-rich Chevrolet small cars, based on a common architecture, that will be built and sold in China and other emerging markets. GM, which is co-developing the architecture and engines with Chinese partner SAIC Motor Corp., aims to have the first of the cars in production by 2019, said company President Dan Ammann.

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  GM China quarterly income rises 6% despite market slowdown
Automotive News | 2015/7/28

DETROIT -- General Motors, helped by lower material costs and a richer mix of higher-priced SUVs and other vehicles, said second-quarter income from its China joint ventures rose 6 percent to $503 million (3.1 billion yuan). The company's second-quarter profit margin in China also improved to 10.2 percent, compared with 10 percent a year earlier.

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TU_AUTOMOTIVE logo TU-Automotive Japan 2015 <October 20 - 21, Westin Tokyo> is Asia’ s largest conference and exhibition dedicated to the future of the connected car and innovation in automotive technology. It presents premier networking opportunities with leading industry speakers including Nissan, Mazda, Fuji Heavy Industries, Bosch, AutoNavi, Panasonic, Pioneer, Continental, Intel, Ericsson, etc.

  EV, plug-in hybrid deliveries soar in June
Automotive News China | 2015/7/28

Sales of electric vehicles and plug-in hybrids in China surged 240 percent year on year to 21,055 vehicles in June as government subsidies spurred demand. EV deliveries last month totaled 14,699 vehicles, nearly triple the number a year ago, according to the China Association of Automobile Manufacturers. Plug-in hybrid sales jumped 180 percent to 6,356.

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  Changan sales surge 40% in first half on strong SUV demand
Automotive News China | 2015/7/28

Changan Automobile Co., China's largest domestic carmaker, said sales under its Changan brand rose 40 percent to more than 588,000 passenger vehicles in the first six months of the year. The growth was propelled by strong demand for Changan's two SUV models, according to sales data from the state-owned automaker.

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  Passenger vehicle exports plunge 20% in June
Automotive News China | 2015/7/28

Exports of passenger vehicles built in China slumped 20 percent year on year to 37,800 vehicles in June, the China Association of Automobile Manufacturers reported. Exports were hurt by weak demand in major overseas markets such as Russia and Brazil.

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  China market in 'downward spiral,' head of Japan lobby group warns
Bloomberg | 2015/7/28

China's vehicle market has shown signs of a "downward spiral" that will eventually hit Japanese carmakers, the chief of Japan's auto association says. "There's excessive competition and carmakers are building excessive capacity, and to raise utilization of the plants, they will engage in excessive selling," Fumihiko Ike, chairman of Japan Automobile Manufacturers Association, said last week in a press conference with reporters in Tokyo.

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  SUV prices fall in June as low-priced Chinese models gain ground
Automotive News China | 2015/7/28

Prices of SUVs in China dropped noticeably in June as Chinese automakers' sales of small, entry-level SUVs rose sharply. Last month, prices of SUVs produced in China dropped 3 percent year on year, while prices of imported SUVs declined 6 percent, according to the National Development and Reform Commission, China's price regulator.

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  Volkswagen: No plans to cut China production
Bloomberg | 2015/7/28

Volkswagen AG has no plans to reduce production in China despite slowing demand, the company said in response to a media report. "Volkswagen does not plan production cuts in China," company spokesman Andreas Lampersbach said by email after Germany's Spiegel magazine reported that the carmaker was considering reductions, including cutting annual production days at the assembly plants to 270 from 300.

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  GM China partnership launches exports of Chevy Sail 3 subcompact
Automotive News China | 2015/7/28

SAIC-GM Motors Corp. began shipping the Chevrolet Sail 3 from China to other developing countries. The first batch of Sail 3s -- 756 vehicles -- was shipped from east China's port city of Yantai to Chile and Peru this month. GM's joint venture with SAIC Motor Corp. said it will export the model to markets in South America, Africa and Asia.

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  COMMENT
Despite rebound, Japanese automakers face uncertain future in China
Yang Jian | 2015/7/24

SHANGHAI -- Japanese automakers, battered by China's surge of anti-Japan sentiment in 2012, lost a big chunk of their market share to global rivals. Now the situation is reversing. While Volkswagen's and General Motors' sales in China have sputtered this year, most Japanese automakers have enjoyed robust sales growth. But this doesn't mean the Japanese companies are well positioned for the long term. Pictured: Yang Jian is managing editor of Automotive News China.

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TOP 10 HEADLINES
OF THE LAST WEEK
Despite rebound, Japanese automakers face uncertain future in China

Hyundai plans turnaround in China after profits slump

JAC to spend 4.7 billion yuan on EV development

Toyota delays decision to produce Lexus cars in China

Audi replaces China chief as sales drop accelerates

Dealership stockpiles remain high in June

China preps California-style plan to promote EVs, hybrids

VW Group sales fall nearly 17% in June

Audi subsidizes dealers, cuts sales target

Fiat Chrysler, GAC form sales company

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