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Home >> Automaker
  Great Wall covets Fiat Chrysler's Jeep brand
Aiming to become 'world's largest SUV maker'
Larry P. Vellequette, Sharon Silke Carty, Yang Jian | 2017/8/22

Great Wall Motor Co. is interested in buying the Jeep brand and has reached out to Fiat Chrysler Automobiles to see whether a deal can be negotiated.  Great Wall President Wang Fengying told Automotive News that Great Wall intends to buy Jeep and is "connecting with FCA" to begin negotiations. FCA said in a statement that it had not been approached by Great Wall in connection with the Jeep brand or any other matter relating to its business.
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  Rising China poised to call the shots at Honda
Hans Greimel | 2017/8/22

Honda's rapidly expanding footprint in China spotlights how the world¡¯s biggest auto market is pulling focus and resources away from the United States.  The Japanese automaker is setting priorities in everything from production to product development. 
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  WM Motor to develop EVs with German sports car design firm Isdera
Automotive News China | 2017/8/22

WM Motor, a Chinese electric vehicle startup, will partner with German sports car design and engineering firm Isdera to develop electric vehicles.  In addition to engineering and product development, the two sides will also cooperate in vehicle manufacturing and raising capital, VW Motor said. 
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  Chery fails to sell part of stake in Qoros
Automotive News China | 2017/8/22

Chery Automobile Co. has failed to find a buyer for a portion of the stake it holds in Qoros Automotive Co., a Shanghai-based small carmaker equally owned by Chery and Singapore-based investment company Kenon.  Chery put 25.5 percent of the interest it owns in Qoros up for sale last month through an equity trading exchange in the east China city of Wuhu, where it is based. 
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  BYD to supply 17 electric buses to Israeli city Haifa
Automotive News China | 2017/8/22

BYD Co., a leading Chinese electric vehicle maker, secured an order for 17 electric buses from the north Israel port city of Haifa.  The bus fleet will be operated by Egged, a major public transport operator in Israel, BYD said, without disclosing the value of the order. 
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  Dongfeng and Geely: Fiat Chrysler is not a target
Reuters | 2017/8/18

Dongfeng Motor Corp. and Geely Automobile Holdings have no plans to bid for Fiat Chrysler Automobiles NV, and while other potential Chinese suitors remain, any tie-up could face significant U.S. regulatory obstacles.  Geely and Dongfeng were among several Chinese carmakers cited when  Automotive News  reported on Monday that representatives of "a well-known Chinese automaker" had made an offer this month for FCA and that other potential Chinese suitors had interest. 
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  Geely's first-half profit soars on robust demand for new models
Automotive News China | 2017/8/18

Geely Automobile Holdings' net profit shot up 128 percent year on year to 4.3 billion yuan ($652 million) in the first half of the year on strong volume of its new models.  The profit was higher than the estimate of 3.8 billion yuan the company made last month.
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  Exports continue advance on emerging-market demand
Automotive News China | 2017/8/18

China's vehicle exports grew for the 11th consecutive month in July as strong demand from emerging markets continued.  Last month, China's passenger vehicle exports jumped 35 percent to around 48,000 vehicles, while shipments of commercial vehicles rose 4.6 percent to roughly 21,000 vehicles, according to the China Association of Automobile Manufacturers.
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  SAIC-VW to build engines for plug-in hybrid crossovers
Automotive News China | 2017/8/18

Volkswagen Group plans to produce 1.4-liter turbocharged gasoline engines for two plug-in hybrid crossover models to be built at its joint venture with SAIC Motor Co.  SAIC-Volkswagen Automotive Co., the joint venture, plans to invest 367 million yuan ($55 million) to renovate its powertrain plant in Shanghai to build the engines, said the Shanghai city government¡¯s environment protection agency.
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  Great Wall to attend Frankfurt auto show
Automotive News China | 2017/8/18

Great Wall Motor Co., China's largest manufacturer of SUVs and crossovers, will participate in the Frankfurt auto show in September.  Great Wall will display products under its newly created Wey premium brand at the show, the company confirmed to Automotive News China.
>> Read Full Story
 

TOP 10 HEADLINES
OF THE LAST WEEK
Time for Beijing to postpone EV quotas

Dongfeng and Geely: Fiat Chrysler is not a target

Geely's first-half profit soars on robust demand for new models

Dongfeng-PSA slump drags on

Future Mobility raises 1.33 billion yuan from Suning, others

Exports continue advance on emerging-market demand

SAIC-VW to build engines for plug-in hybrid crossovers

Great Wall to attend Frankfurt auto show

Fiat Chrysler attracts Chinese suitors, sources say

Vehicle sales rise 4.3% on crossover demand

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