Automotive News - China automotive sales and production, suppliers and OEM in Chinese market, China's homegrown players and their expansions overseas.

• Serbian truck-maker to assemble Dongfeng vehicle

  Shanghai, November 30 (Gasgoo.com) Serbian truck-maker Priboj Automobile Factory (FAP) and and Chinese automaker Dongfeng Motor Corp signed an agreement last week in Belgrade for cooperation, media reported. The Priboj factory in southern Serbia will start to assemble Dongfeng trucks in 2010. [...]
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  Posted: November 30, 2009, 6:07pm EST
  

• Nissan may produce Leaf electric car in Guangzhou

  Shanghai, November 30 (Gasgoo. [...]
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  Posted: November 30, 2009, 4:23pm EST
  

• WABCO signs deal to supply parts Chery Auto

  Shanghai, November 30 (Gasgoo.com) Belgian auto-parts supplier WABCO Holdings Inc. will supply parts to Chinese automaker Chery Automobile Co. under an agreement announced last week, the Associated Press reported. [...]
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  Posted: November 30, 2009, 2:45pm EST
  

• WABCO signs deal to supply parts to Chery Auto

  Shanghai, November 30 (Gasgoo.com) Belgian auto-parts supplier WABCO Holdings Inc. will supply parts to Chinese automaker Chery Automobile Co. under an agreement announced last week, the Associated Press reported. [...]
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  Posted: November 30, 2009, 2:45pm EST
  

• Changan Auto unveils hatchback of Yuexiang brand

  Shanghai, November 30 (Gasgoo.com) Last week at the 2009 Guangzhou auto show, Changan Auto unveiled a hatchback variant of its popular Yuexiang brand, with three trim versions priced between 55,900 yuan ($8,200) and 71,900 yuan, Edmunds.com reported. [...]
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  Posted: November 30, 2009, 12:05pm EST
  

• Warren Buffett: All cars will be electric in 20 years

  All cars on the road will be electric in 20 years, Warren Buffett told a class of business students from Rice University this month. Buffett made the comments during a question-and-answer session with the Rice students in Omaha, reports The Houston Chronicle. [...]
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  Posted: November 30, 2009, 11:16am EST
  

• GKN opens new driveshaft facility in Wuhan

  GKN has opened its 11th plant in China.  The new driveshaft facility is wholly-owned by Shanghai GKN Drive Shaft, a joint venture between GKN and Shanghai Automotive Industry Corporation (SAIC). [...]
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  Posted: November 30, 2009, 11:10am EST
  

• Toyota cuts bonuses for managers by 20%

  Toyota is slashing bonus pay for managers as the Japanese automaker tackles a massive recall in the U.S. and deep losses for the second straight fiscal year. Toyota Motor Corp. said Thursday winter bonus payments for 8,700 managers in Japan will be cut by 20 percent. [...]
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  Posted: November 30, 2009, 10:46am EST
  

• VW to fold MAN, Scania into trucks unit: report

  Volkswagen's plans to lift its stake in MAN SE to above 50 percent and fold the truckmaker into a new commercial-vehicles group at VW, a German magazine reported on Saturday. [...]
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  Posted: November 30, 2009, 10:21am EST
  

• "Stay tuned" on Saab, Beijing Auto executive says

  Beijing Automotive Industry Holding Corp (BAIC) might still be interested in buying General Motors' Saab unit, Wang Dazong, the Chinese car company's general manager, said on Monday. [...]
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  Posted: November 30, 2009, 10:10am EST
  

• Skoda set to double sales volume in China this year

  Skoda, the Czech subsidiary of Germany's Volkswagen Group, expects to double sales in China this year, encouraged by phenomenal growth during the first 10 months. [...]
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  Posted: November 30, 2009, 9:45am EST
  

• Geely outlines Volvo tech deal with Ford

  Zhejiang Geely Holding Group laid out how it and Ford Motor plan to handle intellectual property (IP) rights for Volvo Car Corp., clearing a major barrier in its bid to acquire the Swedish brand. [...]
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  Posted: November 30, 2009, 9:38am EST
  

• China to expand old-for-new car, appliance schemes

  China will expand schemes that give consumers a discount if they trade in old cars and household appliances for new ones, according to Vice Commerce Minister Jiang Zengwei. [...]
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  Posted: November 30, 2009, 9:34am EST
  

• Russia, Renault seal deal on AvtoVAZ cash, tech

  Russia pledged to inject 50 billion rubles ($1.7 billion) into OAO AvtoVAZ in return for technology from 25 percent shareholder Renault SA. [...]
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  Posted: November 30, 2009, 9:21am EST
  

• GM's Saab brand is drawing fresh interest

  Officials with General Motors Co.'s Saab unit said the brand has received serious expressions of interest from potential buyers since Tuesday's collapse of a deal to sell the Swedish car maker to Koenigsegg Group AB. [...]
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  Posted: November 30, 2009, 9:13am EST
  

• PSA Peugeot Citroen to add 2 models in China a year

  French automobile maker PSA Peugeot Citroen plans to introduce two new models to China each year in the next five years, said Eric Apode, vice president of the company's China Technology Center in Shanghai. The models will be tailored to Chinese tastes, Apode said, without elaborating. [...]
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  Posted: November 29, 2009, 4:01pm EST
  

• Volkswagen to decide south China plant plan in 2010

  Volkswagen will be sure whether to build a new plant in south China in 2010 or not, said Dr. Winfried Vahland, head of Volkswagen Group China, adding that the world-known carmaker's decision depends on China's auto sales growth. [...]
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  Posted: November 29, 2009, 3:48pm EST
  

• Hyundai suspends passenger vehicle sales in Japan

  Hyundai Motor Co said Saturday it will pull out of the Japanese passenger vehicle market amid sluggish sales, and instead focus on commercial vehicle sales there. Hyundai, South Korea's No. [...]
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  Posted: November 29, 2009, 3:40pm EST
  

• Geely says Volvo to retain technology after purchase

  Geely Holding Group Co., the Chinese carmaker in talks to buy Volvo Car Corp., said the Swedish company would retain ownership of technology following a sale by Ford Motor Co. [...]
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  Posted: November 29, 2009, 3:35pm EST
  

• GM's Saab says talking to possible buyers

  General Motors Co said on Friday it was talking to possible buyers of Saab, four days before a GM board meeting considers whether to attempt to revive a sale process or eliminate the 60-year-old Swedish auto brand. "We can confirm that we have heard from different investors. [...]
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  Posted: November 29, 2009, 3:28pm EST
  

• Tata Motors in profit as Jaguar's outlook brightens

  Tata Motors, India's biggest vehicle maker, reported a return to operating profit for its British Jaguar Land Rover unit on Friday, as cost cuts begin to bear fruit and new models attract buyers. [...]
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  Posted: November 29, 2009, 3:23pm EST
  

• Geely says talks on Volvo acquisition goes smoothly

  China's Geely Holding Group said Friday it was having a "detailed and in-depth" discussion with Ford on acquiring Volvo and the negotiation over relevant terms and contracts was going smoothly. [...]
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  Posted: November 29, 2009, 3:17pm EST
  

• German engineer behind Chevy Volt arrives at Opel

  The German engineer behind the Chevrolet Volt electric car will head product planning at General Motors' [GM.UL] Opel unit, a high-profile appointment that underscores the importance of the European brand to GM. [...]
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  Posted: November 29, 2009, 3:12pm EST
  

• SAIC confirms interest in buying UK van-maker LDV

  Shanghai, November 27 (Gasgoo.com) SAIC Motor's president Chen Hong this week confirmed media reports about the company's interest in taking over British light commercial vehicle maker LDV, Reuters said. [...]
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  Posted: November 27, 2009, 5:56pm EST
  

• Next-gen Dodge Viper won't get Ferrari tech

  As the dust settles around the Fiat and Chrysler alliance and the recently revealed plans for the US carmaker's future, rumours that Ferrari will play a role in the development of the next generation Viper have begun to surface. [...]
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  Posted: November 27, 2009, 4:47pm EST
  

• BMW to unveil hybrid X6 in Los Angeles next month

  BMW's new X6 activehybrid is to make its North American debut at the Los Angeles Auto Show in early December. The car, built at BMW Manufacturing Co.'s Greer plant, will share the spotlight with the BMW activehybrid 7 and the BMW Vision EfficientDynamics concept car. The show will begin Dec. [...]
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  Posted: November 27, 2009, 4:22pm EST
  

• Hyundai Motor plans to set up 3rd plant in China

  Shanghai, November 27 (Gasgoo.com) South Korea's biggest automaker Hyundai Motor plans to build a third plant in China to meet demand in the world's largest automobile market, Xinhua News reported today. [...]
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  Posted: November 27, 2009, 4:06pm EST
  

• Mainland automakers marching into Taiwan with local ally

  With cross-strait economic cooperation framework agreement (ECFA) to sign in sight, deals between the mainland and Taiwan automakers have driven the cross-strait’s economic ties to a new level and boost the island’s moribund auto sector. Taiwan's Yulon Motor Co. [...]
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  Posted: November 27, 2009, 3:59pm EST
  

• Geely says in detailed talks with Ford on Volvo deal

  Shanghai, November 27 (Gasgoo.com) China's Geely Holding Group said today it was having a detailed and in-depth discussion with Ford Motor over relevant terms and contracts about acquiring Volvo, Xinhua news reported. [...]
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  Posted: November 27, 2009, 2:25pm EST
  

• China’s Consolidating Auto Industry Can Learn From DaimlerChrysler

  In an increasingly competitive and globalized automotive industry, companies that lack scale or a global production footprint are believed to be at a significant disadvantage. [...]
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  Posted: November 27, 2009, 1:24pm EST
  

• China’s Consolidating Auto Industry Can Learn From DaimlerChrysler

  In an increasingly competitive and globalized automotive industry, companies that lack scale or a global production footprint are believed to be at a significant disadvantage. [...]
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  Posted: November 27, 2009, 1:24pm EST
  

• China’s Consolidating Auto Industry Can Learn From DaimlerChrysler

  In an increasingly competitive and globalized automotive industry, companies that lack scale or a global production footprint are believed to be at a significant disadvantage. [...]
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  Posted: November 27, 2009, 1:24pm EST
  

• BYD Jan-Sept net profit up 201% on strong car sales

  Shanghai, November 27 (Gasgoo.com) China's electric car and battery maker BYD Co. Ltd. said yesterday that its earnings in the first nine months surged 201% thanks to strong car sales in the domestic market, Reuters reported. BYD, 10% owned by U.S. [...]
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  Posted: November 27, 2009, 12:18pm EST
  

• China to be largest market of Bentley within 5 years

  Shanghai, November 27 (Gasgoo.com) At the ongoing Guangzhou Auto show, British carmaker Bentley yesterday revealed its 5-year Chinese plan that China will become the No.1 market of Bentley cars, reported Xinhua News. [...]
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  Posted: November 27, 2009, 11:04am EST
  

• VW aims to invest $3.55 bln in Brazil over five years

  Volkswagen AG, Europe's largest automaker, plans to invest 6.2 billion reais ($3.55 billion) in Brazil from 2010 to 2014 as sales in Latin America's largest economy rise to a record. [...]
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  Posted: November 27, 2009, 10:29am EST
  

• Hyundai, Kia see combined 2010 sales up 16 pct

  Hyundai Motor Co and affiliate Kia Motors Corp have set their combined 2010 sales target at 5.39 million vehicles, up 16 percent from the estimated sales this year, Maeil Business Newspaper reported. [...]
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  Posted: November 27, 2009, 10:21am EST
  

• GM help from Germany fund would be 'farce,' aide says

  General Motors Co. doesn't qualify for aid under the so-called Germany Fund and it would be a "farce" if the carmaker were granted the assistance to help restructure the Opel division, a German government adviser said. [...]
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  Posted: November 27, 2009, 10:15am EST
  

• Beijing Auto said to have made approach on Saab

  Beijing Automotive Industry Holding Co., Merbanco Inc. and Renco Group Inc. have made approaches about General Motors Co.'s Saab unit after the collapse of a sale to Koenigsegg Group, said two people familiar with the situation. [...]
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  Posted: November 27, 2009, 10:08am EST
  

• Honda decides against Guangzhou JV expansion

  Honda Motor Co. this week decided against expanding its manufacturing capacity in Guangzhou, where it runs a joint venture with a local Chinese partner, a person close to the car maker said. The decision follows a comment from Zhang Fangyou, chairman of Guangzhou Automobile Industry Group Co. [...]
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  Posted: November 27, 2009, 9:59am EST
  

• Fiat starts construction of car plant in China

  Guangzhou Automobile Industry Group and Italy's Fiat SpA started the construction of a 5-billion-yuan ($733 million) passenger car plant in China yesterday. [...]
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  Posted: November 27, 2009, 9:47am EST
  

• Toyota expects China sales to jump 14% next year

  Toyota Motor Corp., Japan’s biggest carmaker, expects [its] sales in China to rise 14 percent next year as it introduces new models in the world’s fastest-growing major automobile market. [...]
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  Posted: November 27, 2009, 9:27am EST
  

• New-energy cars shine at Guangzhou auto show

  Shanghai, November 26 (Gasgoo.com) The ongoing 2009 Guangzhou auto show (on November 23 to 30) in south China's Guangdong province is bringing new-energy cars closer to customers, CCTV.com reported this week. [...]
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  Posted: November 26, 2009, 5:48pm EST
  

• Mazda China sales in Oct up 32% to 14,498 vehicles

  Shanghai, November 13 (Gasgoo.com) Mazda Motor (China) Co., Ltd. said the retail sales of Mazda-branded vehicles last month reached 14,498 units in the Chinese market, up 32% from a year earlier, SinoCast reported today. [...]
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  Posted: November 13, 2009, 5:36pm EST
  

• Geely to double Volvo sales to 1 mln vehicles a year

  Shanghai, November 13 (Gasgoo.com) Zhejiang Geely Holding Group, vying to buy Ford Motor's Volvo division, plans to more than double Volvo's sales to near 1 million vehicles a year by 2013, media reported earlier this week. [...]
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  Posted: November 13, 2009, 4:34pm EST
  

• China auto sales may reach 13 mln units this year

  Shanghai, November 13 (Gasgoo.com) China's overall vehicle sales may reach 13 million units this year, Dong Yang, executive vice president of the China Association of Automobile Manufacturers, said yesterday, Dow Jones reported. China's auto sales totaled 9. [...]
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  Posted: November 13, 2009, 2:44pm EST
  

• The Eight Overarching China Automotive Trends That Are Revolutionizing the Auto Industry (4)

  The fourth of the Eight Overarching China Automotive Trends That Are Revolutionizing the Auto Industry was highlighted in the article China's Next Revolution: Transforming the Global Automotive Industry (GLG News, June 18, 2009). [...]
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  Posted: November 13, 2009, 2:39pm EST
  

• Peugeot unveils €3.3 bln margin boost plan

  Europe's second-biggest carmaker PSA Peugeot Citroen on Thursday raised its full-year outlook and unveiled a plan to lift earnings via productivity improvemenmts, costs cuts and more sales in emerging markets. The company said it wanted the 3.3 billion-euro ($4. [...]
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  Posted: November 13, 2009, 2:00pm EST
  

• The new tendency in active Safety Technologies

  Gasgoo.com: Please briefly describe the latest technologies that Delphi has in Active Safety area. [...]
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  Posted: November 13, 2009, 1:46pm EST
  

• Hyundai sees '09 China sales up 83%, plans 3rd plant

  Shanghai, November 13 (Gasgoo.com) South Korea's top carmaker Hyundai Motor Group said yesterday that it expects car sales in China this year to surge 83% to 800,000 vehicles and plans to build a third plant in the world's largest auto market, media reported. [...]
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  Posted: November 13, 2009, 12:02pm EST
  

• GM's new Buick Regal to be premium sport sedan

  Good thing General Motors held onto Opel, its German subsidiary. Otherwise, where would it get the platforms for new products? On Thursday, Buick announced that its new Regal would go on sale in the second quarter of next year as a 2011 model. [...]
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  Posted: November 13, 2009, 11:20am EST
  

• China urges mergers, restructuring in steel sector

  Shanghai, November 11 (Gasgoo.com) China will encourage mergers and restructuring in the country's steel sector to help create three to five globally competitive steel-making giants, Xinhua News reported today, citing a statement of the Ministry of Industry and Information Technology. [...]
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  Posted: November 11, 2009, 6:11pm EST
  

• Beijing Auto likely to finalize Saab deal by year end

  Shanghai, November 11 (Gasgoo.com) Beijing Automotive Industry Holding Co. Ltd. (BAIC) and its Swedish partner aim to finalize the purchase of GM's Saab unit by the end of the year, Reuters reported yesterday, citing an executive of the Chinese carmaker. [...]
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  Posted: November 11, 2009, 5:14pm EST
  

• Changan and AVIC merger: Happy reshuffle

  China's Changan Automobile Group announced November 10 that it would take over two automakers under the Aviation Industry Corporation of China (AVIC), the country's national aircraft maker, which is the largest merger deal in the Chinese auto industry for years. [...]
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  Posted: November 11, 2009, 4:47pm EST
  

• Blind expansion should be avoided

  Most of the mergers carried out in China's auto industry are targeted at increasing output and sales. But in a few, profitability has been mentioned. [...]
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  Posted: November 11, 2009, 3:52pm EST
  

• VW pushing powertrain strategy forward in China

  Shanghai, November 11 (Gasgoo.com) Volkswagen AG plans to boost local production of its latest engines and transmissions in China as part of its strategy to meet fuel consumption target as well as rising demand for fuel efficient vehicles, Shanghai Daily reported yesterday, citing a VW executive. [...]
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  Posted: November 11, 2009, 3:17pm EST
  

• VW promoting powertrain strategy in China

  Shanghai, November 11 (Gasgoo.com) Volkswagen AG plans to boost local production of its latest engines and transmissions in China as part of its strategy to meet fuel consumption target as well as rising demand for fuel efficient vehicles, Shanghai Daily reported yesterday, citing a VW executive. [...]
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  Posted: November 11, 2009, 3:17pm EST
  

• Toyota may be stuck with GM venture closure costs

  Toyota Motor Corp. may shoulder almost all the costs to shut a California joint-venture plant as the owner of the former General Motors Corp.'s 50 percent stake doesn't plan to fund expenses including worker severance pay. [...]
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  Posted: November 11, 2009, 2:25pm EST
  

• India Oct car sales up 34% to 132,615 units

  Car sales in India rose an annual 34 percent in October, boosted by festival demand and easier availability of loans, an industry body said on Wednesday. Firms sold 132,615 cars last month compared with 99,052 units a year ago, data from the Society of Indian Automobile Manufacturers showed. [...]
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  Posted: November 11, 2009, 1:55pm EST
  

• Honda China sales in Oct up 42% to 50,660 units

  Shanghai, November 11 (Gasgoo.com) Honda Motor said today that its sales in China last month rose 42% from a year earlier to 50,660 vehicles, Dow Jones reported. In the first ten months, Honda's vehicle sales in the Chinese market grew 17.3% year on year to 459,994 units, the No. [...]
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  Posted: November 11, 2009, 11:26am EST
  

• BAIC to take 40% stake in Fujian Daimler by year end

  Shanghai, November 11 (Gasgoo.com) Beijing Automotive Industry Holding Co. (BAIC) has confirmed to local media that it will sign a deal with Fujian Motor to take over Fujian Daimler’s 40% stake. [...]
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  Posted: November 11, 2009, 10:33am EST
  

• Renault-Nissan to launch Indian low-cost car in 2012

  Renault, Nissan Motor Co and their Indian partner will launch an ultra low-cost car in India in 2012 that will cost less than Tata Motor's Nano, the world's cheapest car. [...]
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  Posted: November 11, 2009, 10:17am EST
  

• GM appoints Reilly as interim head of Opel in Europe

  General Motors Co. appointed international operations chief Nick Reilly to oversee its Adam Opel GmbH division in Europe on an interim basis as the largest U.S. automaker reorganizes the unprofitable division. Reilly, 59, will help Ruesselsheim, Germany-based Opel and its Vauxhall brand in the U. [...]
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  Posted: November 11, 2009, 10:07am EST
  

• SocGen, Baosteel forms China auto-leasing venture

  French bank Societe Generale (SocGen) has formed an auto-leasing venture with China's biggest steelmaker Baosteel Group, aiming to build a fleet of 10,000 vehicles in five years. [...]
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  Posted: November 11, 2009, 9:56am EST
  

• GM board approves plug-in Cadillac hybrid -sources

  The board of General Motors Co has approved a plan to produce a plug-in hybrid for the luxury Cadillac brand that will adapt technology developed for the upcoming Chevrolet Volt, according to people briefed on the decision. [...]
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  Posted: November 11, 2009, 9:51am EST
  

• Changan Auto claims China's No.3 spot with AVIC deal

  The state parent of Chongqing Changan Automobile Co has agreed to take over major auto assets from aircraft maker Aviation Industry Corp of China (AVIC), heeding Beijing's calls to speed up restructuring in the fragmented auto industry. [...]
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  Posted: November 11, 2009, 9:39am EST
  

• Geely's Volvo plans include expansion beyond China

  China's Zhejiang Geely Holding Group Co., chosen last month as lead bidder for Ford Motor Co.'s Volvo unit, has developed a turnaround plan in which the money-losing Swedish auto maker would sell nearly one million vehicles a year. [...]
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  Posted: November 11, 2009, 9:25am EST
  

• Audi China sales in October up 51% to 14,510 cars

  Shanghai, November 10 (Gasgoo.com) Audi, a premium brand of the Volkswagen group, said yesterday that its sales in China (including Hong Kong) last month surged 50.7% from a year earlier to 14,510 units, media reported. From January through October, the Audi brand sold 123,369 cars in China, 22. [...]
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  Posted: November 10, 2009, 5:56pm EST
  

• China October auto sales up 72% to 1.2 mln units

  Powered by tax cuts and stimulus spending, China's October auto sales soared 72 percent from a year earlier, outpacing U.S. sales for another month, according to data reported Monday. Automakers sold a total of 1. [...]
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  Posted: November 10, 2009, 10:00am EST
  

• BMW, Audi report Chinese sales boost in October

  The German luxury car maker BMW said on Monday that its sales rose further in October, with a leap in China, news echoed by German rival Audi. [...]
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  Posted: November 10, 2009, 9:55am EST
  

• Audi Oct sales up 0.4%, driven by new Q5 model

  Audi AG said Monday that sales were up 0.4% at 82,750 cars in October, fueled by the new Q5 small sports-utility-vehicle and soaring demand in China. [...]
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  Posted: November 10, 2009, 9:51am EST
  

• BMW sees growth ahead as Oct sales edge up 2%

  BMW forecast global sales would keep rising, letting it defend its role as the world's top premium carmaker, after sales volume edged up 2 percent in October to 115,252 units. "Our sales figures have been steadily recovering since April and we were able to make gains in October as planned. [...]
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  Posted: November 10, 2009, 9:42am EST
  

• Fiat car incentive credits to be paid soon

  Italian tax authorities will shortly pay auto group Fiat over 400 million euros ($599 million) in tax credits due from car-buying incentives schemes, a source at the tax office said on Monday. "It's all ready. All we need is that Fiat presents (its claim). [...]
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  Posted: November 10, 2009, 9:39am EST
  

• GM spending C$90 mln to boost Canada production

  General Motors Co said on Monday it would invest C$90 million ($85 million) to boost production at a joint venture plant in Canada where it builds two popular crossover utility vehicles. [...]
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  Posted: November 10, 2009, 9:35am EST
  

• China raises gasoline, diesel prices as much as 8%

  China, the world's second-largest energy user, raised gasoline, diesel and jet fuel prices by as much as 8 percent, the first increase in more than two months, as crude costs and demand climbed. Pump prices for 90 octane gasoline will be set at a maximum of 5. [...]
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  Posted: November 10, 2009, 9:28am EST
  

• Chery Auto denies rumor of backdoor listing plan

  Shanghai, November 9 (Gasgoo.com) There are rumors that Chery Auto plans to implement the backdoor listing, but the carmaker's spokesman has dismissed them as "pure speculation," sohu.com said today. [...]
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  Posted: November 09, 2009, 6:14pm EST
  

• Volkswagen set to build new plant in south China

  Shanghai, November 9 (Gasgoo.com) Later this month, Volkswagen China, along with its joint ventures FAW VW and Shanghai VW, will release their "South Strategy" at the upcoming 2009 Guangzhou auto show, as the most important part of their "2018 Strategy," said sohu. [...]
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  Posted: November 09, 2009, 5:31pm EST
  

• GM's CEO may fill Opel power vacuum with Lutz

  General Motors Co. Chief Executive Fritz Henderson is scrambling to fill a “power vacuum” at its Opel division with a temporary manager, Handelsblatt reported. Henderson is considering appointing Bob Lutz, currently vice chairman at GM, or David Reilly, who previously led the U.K. [...]
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  Posted: November 09, 2009, 4:07pm EST
  

• Audi plans to double Russia sales by 2015

  Luxury auto maker Audi AG plans to almost double sales in Russia by 2015 despite the current steep market downturn, highlighting the trend among auto makers to tap emerging markets for future growth. [...]
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  Posted: November 09, 2009, 3:56pm EST
  

• Rising auto sales attract software system firms

  China's automotive industry has sustained robust growth despite the global economic slowdown, making the world's major automakers pay increasing attention to investing in the China market. Software companies are paying attention, too. [...]
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  Posted: November 09, 2009, 3:50pm EST
  

• GM China sales double to 166,911 vehicles in Oct

  Shanghai, November 9 (Gasgoo.com) General Motors said today that its sales in China last month more than doubled from a year earlier to 166,911 vehicles, continuing its monthly sales records this year in the Chinese market, media reported. [...]
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  Posted: November 09, 2009, 2:57pm EST
  

• Green car in Shanghai may get free license plate

  Shanghai, November 9 (Gasgoo.com) In Shanghai, a free license plate may be issued to the buyer of an eco-friendly alternative-energy vehicle starting next year, Shanghai Daily reported on Saturday, citing a government official. [...]
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  Posted: November 09, 2009, 12:20pm EST
  

• Brilliance signs a deal on its Egyptian expanding

  Shanghai, November 9 (Gasgoo.com) Brilliance Auto has signed a deal on an Egyptian project with China-Africa Development Fund and BAG Group, worth a total of $75 million, Xinhua News reported. [...]
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  Posted: November 09, 2009, 10:41am EST
  

• Toyota to set up R&D center in Shanghai next year

  Japanese auto maker Toyota Motor Corp intends to spend between $330 million and $440 million to build a research and development center in China as early as in 2010 to better meet local demand and gain market share, the Nikkei business daily reported yesterday. [...]
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  Posted: November 09, 2009, 10:40am EST
  

• India's small car market drives the global biggies

  Honda has named India the "lead country" for its global small car which is expected to debut in two or three years. This is part of the Japanese automaker's strategy to create models for lead countries and modify them appropriately for other global markets. [...]
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  Posted: November 09, 2009, 10:35am EST
  

• Ford to shut Taurus plant for week after India strike

  Ford Motor Co. is scheduling a one-week shutdown of the Chicago factory building its new Taurus, a model that more than doubled in sales last month, caused by a strike at a parts-supplier in India that ended yesterday. [...]
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  Posted: November 09, 2009, 10:08am EST
  

• Global car sales have bottomed -Nissan's Ghosn

  The global car market has bottomed and is on track for 60 million units sales this year and next, Carlos Ghosn, who heads Japan's Nissan Motor Co and France's Renault SA, said on Sunday. [...]
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  Posted: November 09, 2009, 9:49am EST
  

• GM in talks to bring Chinese cars to India: report

  U.S. auto giant General Motors is in advanced talks with its Chinese partners on a proposal to bring their vehicles to India, according to the Press Trust of India. [...]
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  Posted: November 09, 2009, 9:25am EST
  

• Rolls-Royce expects bullish sales in China

  British luxury car brand Rolls-Royce expects that sales in China and India will account for three quarters of its total business in the Asia Pacific region, according to a senior official of the firm. [...]
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  Posted: November 09, 2009, 9:20am EST
  

• Toyota '09 China sales may rise 19% to 700,000 units

  Shanghai, November 6 (Gasgoo.com) Toyota Motor may increase vehicle sales in China 19% this year to 700,000 units, the company's senior managing director said today, Bloomberg reported. Last month, Toyota Motor's sales in China increased 42% from a year earlier to 65,500 vehicles. [...]
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  Posted: November 06, 2009, 5:59pm EST
  

• Magna focusing on core business after Opel saga

  Magna International Inc is not looking at taking over any other automakers following the collapse of its deal to buy a stake in General Motors Co's European operations, the auto parts maker's co-CEO, Don Walker, said on Thursday. [...]
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  Posted: November 06, 2009, 5:25pm EST
  

• Kia Motors aims for 17% U.S. sales growth in 2010

  Kia Motors Corp., South Korea's second-biggest carmaker, aims to increase U.S. sales as much as 17 percent next year as it rolls out new models and predicts a recovery in industrywide demand. [...]
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  Posted: November 06, 2009, 5:20pm EST
  

• China Jan-Sept auto imports see steady growth

  Shanghai, November 6 (Gasgoo.com) China's auto import market saw steady growth in the first nine months, according to China Automobile Trading Co. (CATC), media reported today. From January to September, imported passenger vehicles obtaining license plates totaled 246,000 units, up 16. [...]
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  Posted: November 06, 2009, 4:48pm EST
  

• Beijing Auto plans China production of Saab 9-5

  Shanghai, November 6 (Gasgoo.com) Beijing Auto, which may buy General Motors' Saab unit via Swedish carmaker Koenigsegg, is planning to take the last generation Saab 9-5 and produce it in China once the latest model is launched in Europe in April next year, media reported today. [...]
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  Posted: November 06, 2009, 3:27pm EST
  

• Chery Auto to launch premium brand 'Xuan Yuan'

  Shanghai, November 6 (Gasgoo.com) Chery Auto plans on adding yet another super brand to its lineup of sub brands, which currently consist of Chery, Karry, Riich and Reely, the China Car Times reported yesterday. [...]
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  Posted: November 06, 2009, 12:13pm EST
  

• Ministry orders Tengzhong's 2nd application

  Shanghai, November 6 (Gasgoo.com) China’s commerce ministry has turned down Tengzhong’s initial application for the acquisition of Hummer from General Motors and ordered a detailed new one. [...]
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  Posted: November 06, 2009, 10:47am EST
  

• Roewe 550 hybrid in the works, battery maybe foreign

  The hybrid car market in China has yet to be exploited on a wide scale, BYD have entered the market with their BYD F3DM but that has yet to see mass market sales, the Prius is sold in China with a sky high price tag as is the Honda Civic [...]
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  Posted: November 06, 2009, 10:16am EST
  

• China sourcing report on car electronics now available

  China's car electronics industry has been advancing consistently over the past five years and expanding faster than the global automotive semiconductor sector. Entertainment products contribute significantly to supply and revenue, and in-car GPS devices are showing a positive outlook as well. [...]
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  Posted: November 06, 2009, 10:09am EST
  

• Renault, Nissan to form car battery JV with French state

  Renault SA and alliance partner Nissan Motor Co. will develop and make electric-car batteries in a French government-backed joint venture with the country's CEA energy research agency. [...]
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  Posted: November 06, 2009, 9:40am EST
  

• China may extend automobile stimulus measures

  China may consider extending tax cuts designed to boost automobile sales in the nation, the China Securities Journal reported today, citing Ministry of Industry and Information Technology spokesman Zhu Hongren. [...]
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  Posted: November 06, 2009, 9:34am EST
  

• Chrysler IPO may value automaker at $8 bln

  Chrysler Group LLC, the U.S. car company run by Fiat SpA, may have an equity value of as much as $8 billion if it sells shares to the public in two years, Citigroup Inc. said. Analysts led by John Lawson placed Chrysler's equity value to Fiat at 1.4 euros ($2.08) [...]
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  Posted: November 06, 2009, 9:29am EST