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China approves Geely's Volvo car purchase from Ford
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Volkswagen's China unit to get more autonomy Automotive News Europe July 29, 2010  FRANKFURT -- Volkswagen's Chinese unit is set to become more autonomous from its German parent by cutting its reliance on auto components and expertise imported from outside China,the Financial Times Deutschland said.Winfried Vahland, the head of Volkswagen Group China told the German newspaper that more r&d will be done in China in the future.Eventually, VW's Chinese operations want to cease imports of components from outside China altogether,the newspaper reported.
--Published:Jul. 30, 2010
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GM speeds introduction of hybrids and EVs in China Automotive News China  SHANGHAI -- General Motors Co. says it will unveil a prototype electric car based on the Chevrolet New Sail compact car [pictured] in China later this year – part of its campaign to create a Chinese lineup of "green" vehicles. GM says its joint venture, Shanghai General Motors Co., is working on the project. The company disclosed its plans during an EV forum this week at the World Expo in Shanghai. The gasoline-powered New Sail Chevrolet is a subcompact sedan developed by Pan Asia Technical Automotive Center Co., GM's auto design subsidiary in Shanghai. Its target markets are China and other emerging markets.
--Published:Jul. 30, 2010
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Ford promises to bring all of Ford vehicles to China Automotive News China  NEW YORK -- Ford Motor Co. CEO Alan Mulally said he will bring the redesigned Ford Explorer SUV [pictured] to China next year, and that Ford will introduce all its models in China "as quickly as we can," reports Xinhua new service. In an interview in New York, Mulally called the fast-growing China maket one of the company's top priorities.
--Published:Jul. 30, 2010
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SAIC holds JV talks with Fuji, according to reports Automotive News China  Shanghai Automotive Industry Corp. is holding talks with Fuji Heavy Industries Ltd. to consider a possible joint venture to produce Subaru cars in China, the 21st Century Business Herald reported. The Chinese business news Web site cited an unidentified SAIC executive who was party to the talks.
--Published:Jul. 30, 2010
>> Read Full Story Ford names new communications chief in China Automotive News China SHANGHAI -- Ford Motor Co. has appointed Claire Li vice president of communications for its China operations. Claire will be responsible for corporate, product and internal communications for Ford in China and will work closely with Ford's joint ventures, Changan Ford Mazda Automobile Co. and Jiangling Motors Corp. --Published:Jul. 30, 2010 >> Read Full Story |
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BorgWarner supplies turbochargers for Shanghai GM Automotive News China  DETROIT -- U.S. supplier BorgWarner said it is supplying turbochargers for Shanghai General Motors' Buick Excelle XT [pictured] compact car. The turbocharger provides boost for a 1.6 liter, four-cylinder gasoline engine that generates 135 KW (181 hp) and 235 Nm (173 lbs-ft) of torque. The vehicle consumes 7.8 liters of fuel per 100 kilometers.
--Published:Jul. 30, 2010
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Report: GM China recalls models with faulty washer systems Automotive News China General Motors Co. is recalling 13 imported models in China that may have defective windshield washer systems that could cause fires, reports Xinhua news service. On its Web site, China's General Administration of Quality Supervision, Inspection and Quarantine said the heated wiper fluid system can overheat, and in rare cases, cause fires. The heated washer fluid is supposed to prevent frost during cold weather. --Published:Jul. 30, 2010 >> Read Full Story |
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ANALYSIS-China auto parts in M&A drive to move up value chain Automotive News China July 27, 2010 HONG KONG (Reuters) - Chinese auto parts makers are moving into the overseas M&A fast lane, eyeing a distressed global market to close a technology gap with world leaders to meet sizzling demand at home and eventually sell overseas.Several major deals have already been inked and more are expected in the months ahead as the global industry retrenches, planting the seeds for a future crop of Chinese titans to compete with the likes of Robert Bosch and Denso.But missteps, typical in many of China's major M&A deals to date, could also leave the sector saddled with headaches that drove foreign parts makers into difficulty in the first place. --Published:Jul. 27, 2010 >> Read Full Story |
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SHANGHAI -- At present, 85 manufacturers in China are churning out vehicles carrying 63 different brands. Given such a high level of fragmentation, is the industry ready for consolidation? The answer is not yet. Attracted by strong market growth, domestic automakers are launching new brands, and more joint ventures will be formed between Chinese and foreign automakers.Over the next years, at least three domestic Chinese companies will start producing their own brand cars. Pictured: Yang Jian is managing editor of Automotive News China.
--Published:Jul. 30, 2010
BEIJING -- China's Ministry of Commerce said it has approved Zhejiang Geely Holding Group Co.'s purchase of Ford Motor Co.'s Volvo car unit, paving the way for completion of the $1.8 billion acquisition agreed by the two companies in March. The ministry signed off the deal recently, a ministry spokesman said by telephone Thursday from Beijing.