CHINA NEWSLETTER February 17 2017
 
 Automotive News China » Tell a colleague
about this newsletter
 
» Open in a web browser 
 
» Home page        » Webinars        » Contact Us
COMMENT
How sour dealer relations wreaked havoc on Audi's China sales
Yang Jian
SHANGHAI -- Audi cut itself a sorry figure in China's luxury car market last month. As Audi deliveries fell 35 percent in January, China's leading luxury brand was finally overtaken by rivals Mercedes-Benz and BMW. It was an especially poor performance in a month when second-tier luxury brands such as Cadillac and Volvo enjoyed robust sales. Audi attributed the plunge to its dealers, but it has only itself to blame. Pictured: Yang Jian is managing editor of Automotive News China.

>> More

Mercedes, BMW top Audi in January sales
Automotive News China
Audi, traditionally China's largest luxury brand, was outsold by Mercedes-Benz and BMW after angry dealers slashed their orders for Audi models. In January, Audi sales in China plunged 35 percent year on year to 35,181 vehicles. By contrast, Mercedes-Benz sales surged 39 percent to 58,799 vehicles, while BMW deliveries advanced 18 percent to 51,345 vehicles.
>> More

Hyundai deliveries climb 6.4%, outperform the market
Automotive News China
Hyundai Motor Co.'s China deliveries increased 6.4 percent year on year to 80,017 vehicles in January despite the weeklong Lunar New Year holiday, which eliminated five selling days. The Korean brand outperformed the market; industry sales of light vehicles in China dropped 1.1 percent to 2.2 million vehicles.
>> More

Skoda sales in China decline 4.3% in January
Automotive News China
China sales of Czech automaker Skoda declined 4.3 percent year on year to 30,000 vehicles in January, another sign of corporate parent Volkswagen's recent struggles in its largest market. Volkswagen Group has not yet reported January sales for all its brands in China. However, Audi sales slumped 35 percent year on year last month to 35,181 vehicles. (See related story in this newsletter.)

>> More

GM unveils nine-speed automatic gearbox in China
Automotive News China
General Motors says it plans to install its new nine-speed automatic transmissions in a number of vehicles produced in China to meet the country's increasingly strict fuel economy standards. By 2020, the transmission will be used in 13 Chinese models under the Chevrolet, Buick and Cadillac brands.
>> More

Former Volvo China CEO joins EV maker
Automotive News China
Tong Zhiyuan, Volvo Car Corp.'s former China CEO, has joined FDG Electric Vehicles, a private Chinese electric vehicle manufacturer. Tong, 54, was named FDG's COO effective Wednesday, the company said in a statement. Tong joined Zhejiang Geely Holding Group Co. as vice president in 2009 to oversee the Chinese carmaker's acquisition of Volvo. He was Volvo's China CEO from 2010 to 2014.
>> More

Chinese suppliers invest in U.S. component makers
Bloomberg
Chinese companies started talking a decade ago about cracking the U.S. auto market with an array of low-cost passenger vehicles. That hasn't happened, so instead they're getting under the hoods of American cars by buying up parts makers at a record pace.
>> More

Ningbo Jifeng Auto Parts to buy stake in German interior trim supplier
Reuters
FRANKFURT -- German automotive interiors maker Grammer said it plans to sell a 9.2 percent stake to China's Ningbo Jifeng Auto Parts Co. as the supplier looks to counter activist shareholders. Grammer's management has sought to rebuff Bosnia's Hastor family, which owns a 20 percent stake in the company and has campaigned for seats on the supervisory board.
>> More




 TOP 10 HEADLINES
OF THE LAST WEEK

How China dealer association resolved Audi's dealer crisis

Tesla deal boosts Chinese presence in U.S. auto tech

Chery's second EV plant to open in May in Dezhou, report says

Nissan to feature Navara midsize pickup, VMotion 2.0 concept sedan

Mitsubishi-GAC venture to build engines in Changsha

Skoda to preview self-driving, EV tech with Vision E concept

Mazda small crossover, roadster to make China debuts

Chinese tech giant Tencent takes 5% stake in Tesla

Hyundai suspends output at China plant amid diplomatic spat

Great Wall profits jump 31% in 2016 on SUV surge



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