China


BREAKING: Ford says it has come to terms with Geely on Volvo sale

Ford Motor Company has just announced that all major terms relating to the sale of Volvo have been settled between Ford and Zhejiang Geely Holding Group Company Limited. That doesn't mean that all the Ts have been crossed on the deal, but it does indicate that Geely has met all of Ford's terms for the sale to be complete. Ford has issued a press release stating that a definitive sale agreement will be signed in the first quarter of 2010, while the final sale won't take place until Q2. Earlier in the month, former Volvo executives sent a ... Read more →

Great Wall cars headed to Europe in 2010 Jonathon Ramsey

Not to be deterred by the woes and recent fate of Brilliance -- or perhaps, having learned from it -- vehicles from Great Wall, the Chinese automaker, will be imported to Europe next year by the ...

REPORT: Even while pursuing Volvo, Geely again mulling bid for Saab? Chris Shunk

Just about every time an automaker decides to sell one of its brands, Chinese automaker Geely comes up as one of the potential suitors. Geely executive Lawrence Ang has reportedly told Automotive ...

REUTERS: China's BAIC secures $2.1B line of credit... is it for Saab? Jonathon Ramsey

Beijing Automotive Industry Corporation (BAIC) could still be in the game for Saab, having secured a $2.93 billion line of credit from the Bank of China. On the other hand, BAIC could just be ...

REPORT: GM selling control of Chinese joint venture to SAIC, half of India operations Chris Shunk

It has been a busy week at General Motors. The week started off with CEO Fritz Henderson's abrupt resignation, then executives converged on the LA Auto Show where Bob Lutz was the keynote speaker and ...

New Buick Excelle debuts in China, sedan coming to America soon 23 days ago on Autoblog

Back in August, when General Motors gave the media a tour of its design studios to show off pieces of its upcoming lineup, one of the cars we saw was a compact four-door Buick sedan. That sedan was essentially a re-grilled and trunked version of the recently introduced Opel Astra, but GM did not ...

REPORT: New Chinese-market Cadillac SLS and Buick Excelle XT to debut in Guangzhou 28 days ago on Autoblog

General Motors' China's sales are up 60 percent year-on-year, and The General wants to keep the momentum going at its Chinese outpost. Automotive News China reports that the Guangzhou Auto Show will play host to the unveiling of the market-specific Cadillac SLS and Buick Excelle XT, the latter ...

SAIC-owned MG launches MG 6, first all-new car in 14 years 29 days ago on Autoblog

The last new MG was the MGF sportscar way back in 1995, and oh, what a difference 14 years makes. The MG6 is the first new MG by the company's new owner, Shanghai Automotive Industry Corp. (SAIC), and they've chosen a four-door liftback for their coming out party. About the size of a VW ...

Spy Shots: Next-gen Buick Excelle for China snapped 1 month ago on Autoblog

Soon Buick will have an entire lineup of competitive vehicles with the Enclave, all-new LaCrosse and soon-to-arrive-from-Europe Regal. Since the latter model is basically a direct port of the Opel Insignia, its success may help General Motors decide whether or not to snag a fourth model from ...

Geely looking for 1M units from Volvo, plans Chinese factory 1 month ago on Autoblog

Should Geely succeed in its bid to purchase Volvo, the Chinese automaker does not plan to spend any time playing in its new Swedish sandbox. Ford moved about 380,000 Volvos around the world last year; Geely wants to sell 2.5 times that amount within five years. How so? By injecting "two or three ...

REPORT: Chinese automaker SAIC accused of hybrid tech theft by SsangYong 1 month ago on Autoblog

In the beginning of the decade, before SsangYong got into really deep doo-doo, the Korean automaker began work on a hybrid control unit (HCU) with German engineering firm FEV. From 2004 to 2008, as the research continued, the South Korean government provided nearly half of the financial ...

Brilliance importer for Europe goes belly up 1 month ago on Autoblog

When Chinese automaker Brilliance wanted to invade The Continent, it chose Germany-based importer HSO Motors to introduce models like its BS4. Brilliance kept up its end of the agreement, shipping cars to HSO; HSO, however, couldn't get the cars sold, and a little more than a year into the ...

REPORT: BAIC/Koenigsegg may produce Saab 9-5 in China 1 month ago on Autoblog

Beijing Automotive Industry Holding Co. (BAIC), announced as a minority partner in Koenigsegg's deal to purchase Saab from General Motors two months ago, plans to produce the Saab 9-5 on Chinese soil next year. The involvement of BAIC in the Saab transaction helps Koenigsegg close the deal and ...

SPOILER ALERT: Champion's Champions Crowned at 2009 Race of Champions 1 month ago on Autoblog

Every year, around the world, drivers compete wheel to wheel in all manner of racing series, from rally to F1, touring cars to Le Mans and everything in between. It gives racing fans plenty of varied action to follow, but it leaves one question ultimately unanswered: who is the world's best ...

Shreveport, LA mayor lobbies D.C. to close the HUMMER deal, already 2 months ago on Autoblog

Cedric Glover, the mayor of Shreveport, Louisiana, went to Washington, D.C. to plead his case for the sale of Hummer to Tengzhong. The only thing is, we're not sure why he went. To be more precise, we do know that he wants to protect jobs at GM's Shreveport plant that builds Hummers. The plant ...

Jianghuai flagship sedan looks like an Infiniti G35 with elephantitis of the grill 2 months ago on Autoblog

Who says Twitter is good for nothing? Making fun of derivative Chinese car designs (cough Geely cough) is like shooting fish in a barrel. Only the barrel has no water in it, is only six-inches deep and you're using a shotgun. Still, we're thinking this Jianghuai sedan might be taking a cake or ...

Recork the Champagne? China says Hummer paperwork not submitted yet 2 months ago on Autoblog

Last week, it was reported that General Motors had signed a definitive agreement to sell Hummer to Chinese machinery manufacturer Tengzhong. The Chinese company and its partner in the deal, Lumena Resources Corp., would pay $150 million and receive Hummer and its intellectual property, ownership ...

Fine China: One-off porcelain-finish Ferrari 599 special to be auctioned for charity [w/VIDEO] 2 months ago on Autoblog

In a communist country, all Ferraris are equal, but some are more equal than others. Take the special-edition 599 that the Italian automaker debuted exclusively for the Chinese market. Only twelve of them will be made. And now, an even more exclusive version – as exclusive as they get, ...

To Chuanfu! Thanks for Everything, Warren Buffett 2 months ago on Autoblog

Wang Chuanfu (above), the founder of Chinese battery manufacturer and automaker BYD is reportedly the richest man in all of China. Already a wealthy man, Bloomberg reports that Chuanfu has jumped a startling 102 places to land himself atop Hurun Rich List, an annual wealth index chronicling the ...

REPORT: Mitsuoka to offer unique rental cars in Japan, also plans to sell in China 2 months ago on Autoblog

Mitsuoka, the Japanese car company whose mission seems to be hoarding all the ugly in the entire world and using it to design automobiles, will expand into Japan's rental car market and offer its luxury range in China. Japanese drivers will be able to rent the Orochi for ¥25,000 ($279 US) ...

Obama administration slaps hefty import tariffs on Chinese-made tires 3 months ago on Autoblog

The aggrieved parties are: the United Steelworkers and the U.S. government on one side, Chinese tire companies and the Chinese government on the other. The issues are, as always, jobs and money. The Steelworkers brought a case against Chinese tire companies for dumping tires on the U.S. market ...

REPORT: China's Beijing Automotive takes minority stake in Saab 3 months ago on Autoblog

It had been reported that SAIC had quietly taken a stake in Saab in conjunction with the Koenigsegg Group. However, it's been confirmed that Beijing Automotive -- which also recently made a play for Opel -- has grabbed a share of the Trollhätten pie. BAIC provided the $400 million ...

REPORT: Private Chinese investors sought to fund $6 billion auto plant in Mississippi 3 months ago on Autoblog

The headline is attention-grabbing. A former Chinese auto executive is proposing a $6 billion plant in economically-distressed north Mississippi that will employ 25,000 people and produce one million cars a year. Automotive News' story is both intriguing and complicated – and not just ...

REPORT: U.S. psyched as China decides to cut auto part tariffs 3 months ago on Autoblog

China joined the World Trade Organization in 2001, at which point it was given five years to adjust to the rules of open trade before any complaints were lodged against it. On schedule, in 2006, the complaints began, lodged by the U.S., Europe, and Canada. In one example of open trade ...

Potential deal points leaked concerning Tengzhong's purchase of Hummer 3 months ago on Autoblog

As the Opel transaction takes on Biblical intrigue, the Hummer exchange goes on in another dark corner, laboriously, like the gestation of an elephant. The latest report from a Chinese news website states that General Motors and Tengzhong "might sign an agreement" this week, but that strikes us ...

After divorcing Daimler, going steady with Fiat and cutting off Nissan, Chrysler looking for Chinese partner? 3 months ago on Autoblog

Over the past couple of years, Chrysler has been in discussion with seemingly every carmaker in the world about some sort of tie-up to achieve some particular end. Before it was battling for its very survival, it was in serious talks with Chinese automaker Chery about building a car or two, ...

China pondering hoarding precious metals used in hybrids and EVs by banning exportation? 3 months ago on Autoblog

Ever hear of neodymium? How about dysprosium or yttrium? Thulium or lutetium? These are just some of the metals that China's Ministry of Industry and Information Technology is considering either banning the exportation of, or at least severely limiting the amount that it will let leave the ...

REPORT: Toyota recalling nearly 700,000 vehicles over melting door panels - in China 4 months ago on Autoblog

If you just got into your China-made Toyota Camry only to notice that your door panel has inexplicably melted, it's probably not your fault and the problem is going to be fixed for free. That's good news for you, we suppose, but not so much for Toyota. New reports say the Japanese automaker is ...

REPORT: Tengzhong deal for Hummer expected to close in Q3 4 months ago on Autoblog

Slowly clearing one obstacle after another, Tengzhong is closer to sealing the deal to buy Hummer from General Motors. Chinese reports have come almost completely around, from the nearly certain "No" of a few months ago to "the Chinese government has little to lose giving the green light." Chinese ...

Americans warming to idea of Chinese, Indian autos? 4 months ago on Autoblog

We've known for a while now that Mexicans are getting some Chinese cars with their ten gallon jars of pickles, but what about Americans? Would we go for vehicles from another country from across the Pacific? There's a wonderful moment at the end of Tucker: A Man and his Dreams where Jeff ...

Beijing mall builds its own Transformer out of VW Jetta 5 months ago on Autoblog

We know the Chinese love their Transformers – or perhaps it's just Bumblebee. To promote its new movie theater, a mall in China created its own Transformer out of a Volkswagen Jetta. The best part about the sculpture is that it hasn't been painted to look like Bumblebee, and it's been ...

REPORT: GM to give China dedicated vehicle, launch up to 30 models there in five years 5 months ago on Autoblog

According to Automotive News China, at least one new inexpensive model from Buick or Chevrolet will be dedicated to the Chinese and other emerging markets. The undisclosed model will arrive before 2011. In addition, two more Buick-badged vehicles, and four more wearing Chevrolet logos, will roll ...

GM expects sales in China to grow 20% in 2009 5 months ago on Autoblog

General Motors boasted in April that it would double sales in China by 2013 with the introduction of 30 new or upgraded models over the next five years. Last month, GM forecasted that its vehicle sales in China would grow 10% this year alone and now it seems those numbers may have been a bit ...

REPORT: China passes U.S. in auto sales 5 months ago on Autoblog

Most of the world has been knee deep in a wicked recession for quite a while, and auto sales have been hit especially hard. Here in the U.S., the numbers have been abysmal, as the first half of the year saw only 4.8 million sales through June. China, on the other hand, is running away with the ...

HUMMER hanging on: Tengzhong in talks with Chinese government to clear sale 5 months ago on Autoblog

Chinese National Radio recently reported that Tengzhong wouldn't be allowed to purchase Hummer due to environmental concerns. The company released a statement after that news broke saying that while there was no "definitive agreement," the CNR report wasn't based on facts from the government ...

Beijing Automotive bids for Opel; Magna still expected to close deal 5 months ago on Autoblog

Even though Beijing Automotive (BAIC) tendered a non-binding offer for Opel, the company is said to have no chance of actually acquiring the brand. General Motors is still in talks with Magna and its partners, GAZ and Sberbank, and according to Sberbank CEO German Graf, "The choice has been made ...

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Autoblog Podcast #158: 'Twas a couple nights before Christmas...

Chris, Editor Paukert, and Dan send the Podcast off for the Christmas holiday in proper fashion

 
 

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