CHINA NEWSLETTER April 13 2018
 
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As China cuts tariffs, big winners won't be American brands
Yang Jian
SHANGHAI -- Facing U.S. President Donald Trump's threats to impose tariffs on more Chinese goods, President Xi Jinping pledged this week to slash China's tariffs on imported vehicles. But automakers that will benefit most from China's move are German and Japanese players, not American brands that Trump is eager to protect. Pictured: Yang Jian is managing editor of Automotive News China.
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Xi renews vow to open economy, cut auto tariffs as U.S. trade dispute deepens
Reuters
Chinese President Xi Jinping promised to open the country's economy further and lower import tariffs on products such as light vehicles, and lift ownership restrictions on joint ventures, in a speech seen as an attempt to defuse an escalating trade dispute with the United States.
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Light-vehicle sales rise 3.5% in March on demand for crossovers, SUVs
Automotive News China
China's light-vehicle deliveries in March increased 3.5 percent year on year to roughly 2,168,600 thanks to strong crossover and SUV sales. Last month, around 921,200 crossovers and SUVs were sold across China, a jump of 11 percent from a year earlier, according to the China Association of Automobile Manufacturers.
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VW brand, Audi deliveries climb in March
Automotive News China
Sales of Volkswagen brand and Audi vehicles increased last month in China. VW brand's deliveries rose 6 percent year on year to 269,500 vehicles on demand for the Teramont crossover. Audi's volume surged 31 percent from a year earlier to 54,031 vehicles as the luxury brand continued to recover from a dispute with dealers that hammered its sales.
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Ford to ramp up Lincoln rollout in bid to catch rivals
Reuters
Ford Motor Co.'s premium Lincoln brand plans to build as many as five new vehicles in China by 2022, according to two U.S. sources, in a move to expand sales in the world's largest vehicle market that would also blunt the impact of U.S.-China trade disputes.
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Tesla plots Model Y output for U.S., China
Reuters
Tesla Inc. is targeting November 2019 as the start of U.S. production for the Model Y small crossover, with production in China to begin two years later, two sources told Reuters this week, shedding some light on the electric vehicle maker's next project that could tax its resources and capacity.
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BMW to debut next-gen X3 compact crossover
Automotive News China
BMW Group will display the next-generation BMW X3 compact crossover this month at the Beijing auto show. The X3 will be built at BMW Brilliance Automotive Co.'s Dadong plant in the northeast China city of Shenyang, BMW said.
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Global automakers win relief in crosshairs of China, U.S. trade skirmish
Bloomberg
BMW and Toyota Motor Corp. were among global automakers that received some good news from China after President Xi Jinping reiterated a pledge to reduce import tariffs on vehicles this year, heeding decades-long pleas from companies seeking better access to the world's biggest auto market.
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Ford's more upscale Focus trades volume for fatter margins
Bloomberg
As Ford Motor Co. rolls out a redesigned version of the Focus compact car in China and Europe, it's introducing a strategy to be more choosey about which buyers it battles for and where. The automaker took the wraps off upscale grades of the car in China and London including the Focus Vignale, expanding the lineup of its premium subbrand in Europe.
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Magna Steyr to engineer EV architecture for BAIC
Automotive News China
Magna Steyr, the vehicle engineering unit of Canadian supplier Magna International, will develop a next-generation smart electric vehicle architecture for state-owned Chinese automaker BAIC Motor Co. Magna Steyr was chosen for its innovation and cost-effectiveness in manufacturing and engineering as well as its full-scale electronic/electrical architecture and lightweight technologies, Magna said this week.
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 TOP 10 HEADLINES
OF THE LAST WEEK

Tariffs may end Chinese vehicle exports before they really start

German carmakers caught in crossfire of China, U.S. trade dispute

Musk's woes grow as Tesla faces risk of steeper China taxes

GM to end monthly sales reports, switch to quarterly release

Volvo deliveries jump 18% behind XC60, S90

BAIC's 2017 net profit dips on lower sales

Honda's March sales drop behind engine glitch on 2 key models

Ford hints at next Focus for China

Magna, GAC unit team up to make composite liftgates

Daimler to discuss cooperation in China with Geely's Li Shufu



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