BMW AG is teaming up with Chinese Internet giant Baidu to start highly automated driving trials in Beijing and Shanghai. BMW research vehicles capable of highly automated driving have already undergone thousands of kilometers of trials on German autobahns. The project will now be expanded to include other large cities in China, BMW said on Monday.
Sales of passenger vehicles in China are expected to grow 8 percent this year -- preserving the country's status as the global auto industry's top growth market, according to a report issued by Moody's Investors Service. "China continues to be the main buyer of light vehicles," Moody's Senior Analyst Bruce Clark wrote in the report. "Its share of [global sales] is set to rise from 27% this year to 28% in 2015."
SHANGHAI -- About 31 percent of luxury vehicles sold in China this year were financed with auto loans -- a sharp increase from 8 percent in 2008, according to a new study from J.D. Power and Associates. The California-based research firm compiled the findings from a survey of 2,145 dealers representing 47 vehicle brands. The survey was conducted from January through March.
HEFEI -- Anhui Jianghuai Navistar Diesel Engine Co., a joint venture between U.S. commercial vehicle maker Navistar International Corp. and Chinese automaker Jianghuai Automobile Co., launched production at its new plant in Hefei of east China's Anhui province. The factory can build 200,000 Euro IV and Euro V compliant engines per year, Navistar said.
General Motors recalled more than 100,000 Cadillac SRX crossovers in China -- the automaker's largest market -- over a faulty rear suspension component that could pose a safety risk. Shanghai GM, one of the company's joint ventures in China, will call back and fix 107,016 of the vehicles that were made from July 2009 to last month because of loose toe adjusters, the General Administration of Quality Supervision, Inspection and Quarantine, said on its website.
CHANGZHOU -- Benecke-Kaliko, a ContiTech subsidiary that makes surface materials for automotive interiors, will start building a second plant in China this year.The factory, in Changzhou in east China's Jiangsu province, will start production in late 2015, ContiTech said.
U.S. supplier BorgWarner Inc. plans to expand production at its plant in Ningbo to produce 1 million exhaust gas recirculation valves a year starting in 2016. The Ningbo factory opened in 2010 and over the past four years has produced 1.5 million EGR valves.The EGR valve is designed to reduce oxides of nitrogen emissions, which contribute to smog.
SHANGHAI -- Because China is the world's largest auto market, one might think that the country has a well-developed network of repair shops to handle vehicle maintenance. That's not the case at all. China's vehicle maintenance industry is still in its infancy. What has stymied the development of the industry? Well, that's exactly the problem that China's government seeks to address with some new policy directives. Pictured: Yang Jian is managing editor of Automotive News China.
A senior official with China's economic planning ministry and his son took bribes from a Guangzhou carmaker, including kickbacks for helping to approve the opening of a Toyota Motor Corp. dealership. Liu Tienan, 59, former deputy head of the National Development and Reform Commission, and his son Liu Decheng took 35.6 million yuan ($5.8 million) in bribes from 2002 to 2012, according to postings on Langfang City Intermediate People's Court's microblog at the start of their corruption trial Wednesday.
SHANGHAI -- General Motors expects Cadillac sales in China to increase 40 percent this year as the U.S. carmaker prepares to reorganize its luxury brand as a separate unit based in New York. The company forecasts deliveries of 70,000 Cadillacs by year end in China after selling more than 45,600 units through August, GM's China President Matt Tsien said.