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  Geely Automobile net profit surges 36% in first 6 months
Automotive News China | 2016/8/23

Geely Automobile Holdings says its net profit jumped 36 percent year on year to 1.9 billion yuan ($284.8 million) in the first six months, as customers snapped up the company's crossovers.  Two new crossovers, the Geely Boyue and Emgrand GS, are priced higher than most of Geely's  other products, so they also improved the company's profit margin. 
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  Dongfeng-PSA deliveries plunge 17% through first 7 months
Automotive News China | 2016/8/23

Deliveries of Dongfeng Peugeot Citroen Automobile Co. slumped 17 percent year on year to 321,200 vehicles in the first seven months of this year, according to a Chinese media report.  In July, the partnership's sales dropped 7 percent from a year earlier to 34,300 vehicles, reported Internet Info Agency, a Beijing-based website covering China's auto market.
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  BAIC to invest 5.5 billion yuan in South African assembly plant
Bloomberg | 2016/8/23

Beijing Automotive International Corp. will invest $819 million (5.5 billion yuan) to build a South African assembly plant, giving a further boost to one of that country's fastest growing industries.  On Friday, BAIC said it had signed a deal with Coega Development Corp., operator of an industrial development zone in Port Elizabeth. 
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  Dealership stockpiles decline in July amid robust sales
Automotive News China | 2016/8/23

Dealership inventories across China fell to an average of 42 days in July from 47 days in June, thanks to explosive light-vehicle sales growth last month.  In July, stockpiles of foreign-brand vehicles dropped to 39 days from 44 days in the previous month, according to the China Automobile Dealers Association. 
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  Audi names FAW exec as deputy sales chief for China
Automotive News China | 2016/8/23

Audi AG has appointed Jing Qingchun, an executive with Volkswagen's joint venture partner China FAW Group Corp., to be executive vice president of its sales unit in China, effective Sept. 1.  Jing has been sales head of FAW's Jiefang truck brand since 2013. From 2007 to 2009, he was vice general manager for the sales company of FAW-Volkswagen Automobile Co.
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  Mercedes says China sales may slow during E-class launch
Reuters | 2016/8/23

BEIJING  -- Mercedes-Benz sales in China may slow in the second half of 2016 while the company ramps up production of its new E-class model, Daimler's China chief said Monday.  Hubertus Troska said he does not expect local production of the new E class to reach full capacity until the fourth quarter of 2016. He spoke at a media roundtable in Beijing at the China launch of the redesigned long-wheelbase E-class sedan.
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  Schaeffler to build production complex in Xiangtan
Automotive News China | 2016/8/23

SHANGHAI -- Schaeffler Group plans to build a production complex in Xiangtan in central China's Hunan province to make bearings for customers in south and southwest China.  The complex will include two plants. The German supplier said its first factory will launch production at the end of 2018, but did not offer a timetable for the second plant, which will include a logistics center and training facility.
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  Toyota's China partner sells 15% stake to FAW
Bloomberg | 2016/8/23

One of Toyota Motor Corp.'s partners in China plans to sell a 15 percent stake in its joint venture to parent China FAW Group Corp. to raise money for updating products and restructuring.  Tianjin FAW Xiali Automobile Co. will book a 2.5 billion yuan ($376 million) gain with the sale and reduce its holding in the three-way venture to 15 percent, the company said Saturday.
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  COMMENT
Automakers face uncertainty over key Chinese government policies
Yang Jian | 2016/8/19

SHANGHAI -- Auto executives in China are worried these days. They are not concerned about consumer demand, which has remained strong -- in the first seven months of the year, light-vehicle sales advanced 11 percent to top 12.6 million cars and light trucks. What has executives nervous is the uncertainty surrounding key industry policies set by the Chinese government.  Pictured: Yang Jian is managing editor of  Automotive  News China.
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  BAIC to tap old Mercedes-Benz platform to develop vehicles, report says
Automotive News China | 2016/8/19

BAIC Motor Group Co. won approval from partner Daimler AG to develop vehicles using an old Mercedes-Benz E-class platform, according to a Chinese media report.  The first vehicle, a midsize sedan, will hit the domestic market in 2018, reported Internet Info Agency, a Beijing-based website that covers the domestic auto industry.
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TOP 10 HEADLINES
OF THE LAST WEEK
Automakers face uncertainty over key Chinese government policies

BAIC to tap old Mercedes-Benz platform to develop vehicles, report says

EV startup WM raises $1 billion in initial funding round to challenge Tesla

GM to launch Chevrolet Cavalier in China

LeEco plans 12 billion yuan EV plant in Deqing

China to build 500 campgrounds for RVs from 2016 to 2020

China's Gree moves forward with EV plan, report says

Light-vehicle sales soar 26% in July

VW Group, with July deliveries rising 16%, outsells GM

Audi continues to lose market share to BMW, Mercedes

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