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Home >> Automaker
  Geely profits more than double as Volvo tech boosts sales
Reuters | 2017/3/24

Geely Automobile Holdings posted its biggest profit growth in eight years as improved product design and engineering since its 2010 purchase of Volvo helped propel it to record sales.  For 2016, Geely's net profit more than doubled to 5.1 billion yuan ($741 million), its strongest growth since 2008.
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  Chery files trademark complaint against Mercedes over EV brand
Reuters | 2017/3/24

BEIJING  -- Chery Automobile Co. filed a complaint with China's trademark regulator over Mercedes-Benz's use of the "EQ" name for a line of electric vehicles, throwing up a potential road block for the Daimler AG unit.  A Chery spokeswoman said Thursday that the automaker had filed a complaint with the Trademark Office of the State Administration for Industry and Commerce, which it hopes will bar Mercedes from using the name in China.
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  Buick to roll out plug-in hybrids in China
Automotive News China | 2017/3/24

SHANGHAI -- General Motors plans to introduce plug-in hybrid versions of Buick models this year to meet tougher local fuel economy standards.  The plug-in hybrids will be fitted either with GM's 1.0-liter or 1.3-liter turbocharged engine and a nine-speed transmission, the company said.
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  BMW CEO expects China to clarify EV quota
Reuters | 2017/3/24

BMW CEO Harald Krueger expects Chinese authorities to soon clarify the size of a proposed quota for electric vehicles as the German carmaker overhauls its production system to make more zero-emission vehicles.  
"The rules have not yet been finalized," Krueger told journalists at the company's annual news conference this week. "We will react accordingly. We expect clarity in the next weeks rather than months."
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  LeEco appoints new CEO for electric-car unit
Automotive News China | 2017/3/24

LeEco, a Chinese technology company, promoted Zhang Hailiang, COO of its electric vehicle division, to be the unit's new CEO.  The appointment took effect on Monday. LeEco promoted Zhang after his predecessor, Ding Lei, resigned for health reasons.
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  VW Group deliveries fall 9.6% to start year
Automotive News China | 2017/3/21

Volkswagen AG says combined deliveries of its brands in China fell 9.6 percent year on year to 567,000 vehicles in the first two months.  The company's VW, Skoda and Audi brands all suffered declining sales for the period -- an indication that a recovery will be difficult.
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  Audi, as China sales tumble, defends plan for second JV
Automotive News Europe | 2017/3/21

Audi AG defended a plan that ruined its January sales results, saying the creation of a second joint venture in China would help the company grow.  Volkswagen's premium brand is holding exploratory talks with VW's partner SAIC Motor Corp. to build and sell Audi vehicles via the China dealer network that SAIC uses to sell Volkswagen-brand cars.  But dealers affiliated with Audi's other partnership with China FAW Group Corp. fear the plan will siphon sales away from their own stores.
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  Kia launches 7-seat SUV
Automotive News China | 2017/3/21

Kia Motors Corp. launched its first seven-seat SUV, the KX7, in China to revive weak local sales.  The KX7 has a starting price of 179,800 yuan ($26,050). Its target customers are white-collar buyers ranging from 35 to 45 years old, according to Dongfeng Yueda Kia, Kia's joint venture in China.
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  LeEco's EV business head resigns for health reasons
Automotive News China | 2017/3/21

Chinese technology company LeEco announced Monday that Ding Lei, head of its electric vehicle business, has resigned for health reasons.  LeEco said Ding will be a consultant for its business strategies.  The company has yet to disclose Ding's replacement as chief of its EV business.

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  Ford taps consultant to be Asian strategy chief
Automotive News China | 2017/3/21

Ford Motor Co. hired veteran business consultant Stephen Dyer as its vice president of business strategy for Asia Pacific.  The appointment took effect last week.  "In this role, Dyer will lead the company's strategic initiatives in Asia Pacific across both the core automotive business and emerging mobility initiatives, as well as its joint venture relationships," Ford said.

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TOP 10 HEADLINES
OF THE LAST WEEK
Why Beijing Auto can ignore its catastrophic blunders

VW brand's China sales slump in first 2 months

BMW deliveries advance 15% to start year

Mazda deliveries rise 5% in first 2 months

Alibaba buys stake in Swiss HUD technology startup

Uber rival Didi Chuxing opens r&d lab in Silicon Valley

Fuyao Glass to expand production in U.S., Germany and Russia

China may roll back EV quotas as industry pushes back

China auto sales rise 8.8% in first 2 months despite higher sales

Great Wall rethinks Mexico plant under Trump threat

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