Volvo Car Corp. said vehicle sales in China jumped 69 percent to 5,995 units on strong demand for its XC60 SUV. The company said China was its biggest global market last month, eclipsing Sweden and the United States.
SHANGHAI -- This week, the port city of Dalian in northeast China approved a plan to curb sales of new cars. Dalian is the fifth city in China -- along with Beijing, Shanghai, Guiyang and Guangzhou -- to restrict vehicle sales, and others are expected to join them. With traffic congestion and air pollution at crisis levels, many Chinese cities are expected to put the brakes on new-vehicle registrations. Pictured: Yang Jian is managing editor of Automotive News China.
Dongfeng Motor Corp. has won the Chinese government's approval for its joint venture with Renault SA, the state-owned Chinese automaker said Thursday. The joint venture, to be headquartered in the central China city of Wuhan, will be a 50-50 partnership. The venture's assembly plant, with an investment of 7.8 billion yuan ($1.3 billion), will annually build as many as 150,000 vehicles plus an equal number of engines.
STUTTGART -- Mercedes-Benz says sales in China jumped 26 percent in November to 21,277 vehicles -- a sign that the company's corporate shake-up is working. Through the first 11 months of the year, Mercedes sales in China have risen nearly 10 percent to 194,531 units.
SHANGHAI -- General Motors says its Chinese joint ventures sold 294,500 vehicles in November, up 13 percent year-on-year on strong demand for microvans and Cadillacs. Chevy sales were weak, but GM got a strong lift from its SAIC-GM-Wuling joint venture, which produces microvans and entry-level sedans.
Fiat S.p.A. and its Chinese partner are near a deal to begin producing Jeeps in China for the first time since 2006 after they compromised on the plant's location, said two people familiar with the negotiations. Fiat, which had sought to make Jeeps near its own facilities in China, recently agreed to locate the factory near Guangzhou Automobile Group Co.'s home base in the Panyu district of Guangzhou, sources said.
SHANGHAI -- China's auto lobby has fiercely opposed a possible move by Beijing to ease limits on foreign ownership in the car industry, saying that the move would seriously weaken the position of domestic carmakers. Dong Yang, secretary general of the China Association of Automobile Manufacturers, said that if foreign ownership rules were relaxed, Chinese carmakers would lose control of joint ventures they now own and run together with global automakers.
Saab's new owner, National Electric Vehicle Sweden, has restarted production of the 9-3 sedan at its plant in Trollhattan, Sweden. Sales of the mid-sized sedan will be "initially focused" in China, the company said in a statement.
Hyundai Motor Co. says its vehicle sales in China rose only 1 percent year-on-year in November -- evidence that the Korean automaker could be one of the biggest losers from the resurgence of Japanese brands in China. Japanese carmakers are launching new models, and are benefiting from the end of anti-Japan protests that played havoc with China sales last year.
Nissan Motor Corp. forecast its growth in China in 2014 will outpace industrywide sales in the country for the first time in three years as Chinese consumers return to Japanese brands. "Next year, we should see our sales increasing, probably a little bit more than the industry," CFO Joseph Peter said in an interview Thursday in Yokohama, Japan.