CHINA NEWSLETTER May 21 2019
 
 Automotive News China » Tell a colleague
about this newsletter
 
» Open in a web browser 
 
» Home page        » Webinars        » Contact Us
VW Group gains share despite extended sales dip
Automotive News China
Volkswagen Group, the largest automaker in China, continues to outperform the overall new light-vehicle market despite the group's extended sales decline. In April, VW's groupwide deliveries dropped 9.6 percent to 302,600. Yet, it gained market share as overall new light-vehicle demand nosedived nearly 18 percent to below 1.6 million in the month.
>> More

Mercedes taps its Russian chief to lead China sales
Automotive News China
Mercedes-Benz Cars has appointed Jan Madeja, head of its Russian operations, to be its sales chief in China, effective Sept. 1. Madeja, 51, will take over as head of Beijing Mercedes-Benz Sales Service Co. -- Mercedes-Benz's sales company in China, from Nicholas Speeks, Mercedes parent Daimler said.

>> More

China's tough rhetoric leaves U.S. trade talks in limbo
Reuters
BEIJING -- China is striking a more aggressive tone in its trade war with the United States, suggesting a resumption of talks between the world's two largest economies would be meaningless unless Washington changes course. The tough talk capped a week in which Beijing unveiled fresh retaliatory tariffs, U.S. officials accused China of backtracking on promises made during months of talks and the Trump administration leveled a potentially crippling blow against one of China's biggest and most successful companies.
>> More

Geely, Daimler form mobility JV in Hangzhou
Automotive News China
Zhejiang Geely Holding Group Co. and Daimler established a 1.7-billion-yuan ($246-million) joint venture in the east China city of Hangzhou to offer mobile services in China. The new company is equally owned by the two automakers' mobility subsidiaries -- Geely Technology Group Co. and Daimler Mobility Services, according to Qixin.com, a Chinese website tracking registry and credit status of businesses.
>> More

Brose to invest 300 million euros in China over next 3 years
Automotive News China
Brose Group plans to invest more than 300 million euros (2.3 billion yuan) for new products and technical equipment in China over the next three years. The capital outlays account for 20 percent of the total investment the German supplier will make globally over the next few years.

>> More

Haima to sell properties to raise funds
Reuters
Haima Automotive Group Co. plans to sell more than 400 units of real estate to revitalize its corporate assets and boost liquidity, stock exchange filings showed. The unusual sale of property is another sign of struggles faced by small and midsize automobile manufacturers as sales drop in the world's largest auto market.

>> More

Autonomous-vehicle race underscores need for more fine-tuning
Bloomberg
China's road to mastering driverless-vehicle technology is bumpy and full of surprises -- literally. Just ask those attending the country's top autonomous-vehicle race. In hot and windy conditions in the eastern city of Tianjin, dozens of self-driving cars raced for glory. On a circuit covering an area of 10 soccer fields, they navigated through bumps, sudden turns and artificial fog.
>> More




 TOP 10 HEADLINES
OF THE LAST WEEK

How Beijing's campaign to protect the environment is hurting auto sales

BMW sustains robust sales on strength of locally built X3 crossover

EV sales growth slows; plug-in hybrid deliveries pick up

Ford sees profit return in China with local vehicle output

China-Vancouver luxury car trade lures dirty cash

Volvo's Polestar brand intensifies Tesla challenge with 'powerful little beast'

Jaguar Land Rover in uphill battle to revive China operations

Geely opens EV research center in Germany

Light-vehicle sales nosedive 18% in April

Sales at GM's 2 joint ventures plunge



Copyright © Automotive News China
Use of editorial content without permission is strictly prohibited. All Rights Reserved.
Automotive News China
4-1-123, Jianguomenwai Diplomatic Compound
Chaoyang District, 100600, Beijing, China
Telephone: 86-10-8532-5439
Fax: 86-10-8532-5437

If you wish to cancel your subscription to this newsletter click here