China

First from China? Volvo S60L gets the nod

12:01 am U.S. ET | Sept. 1, 2014
That tsunami of cheap cars from China predicted to hit U.S. shores has been slow in coming. But the first mainstream China-built vehicle is on the way -- in the form of a long-wheelbase version of Volvo's S60 sedan that will arrive in showrooms in 2015.... Read More »

 

China watchdog probes another exec at FAW Group, VW's China partner

Aug. 30, 2014 09:58 CET
China's anti-graft watchdog says it is investigating a former senior executive at FAW Group Corp. for corruption. State-owned FAW has a joint venture with Volkswagen.... Read More »

 

Tesla shares jump to record after China charging network deal

6:45 am U.S. ET | Aug. 29, 2014
Tesla Motors shares rose to a new record after the electric-car maker led by Elon Musk reached an agreement to create a vehicle-charging network in China with the country's second-largest mobile-phone company.... Read More »

 

Hong Kong firm acquires majority stake in supplier Key Safety Systems

12:46 pm U.S. ET | Aug. 29, 2014
Hong Kong private equity firm FountainVest Partners completed a deal to become the majority shareholder in automotive safety products supplier Key Safety Systems. The deal could be worth as much as $800 million, a Bloomberg report out of China said in April.... Read More »

 

Global price-fixing crackdown threatens supply chain's 'business model'

3:58 pm U.S. ET | Aug. 28, 2014
As antitrust regulators, most recently in China, go after auto suppliers in what has become a worldwide probe into price fixing, a longtime "business model" in the supply chain is now in danger, says an automotive purchasing executive. That model essentially sees parts makers collude to keep prices relatively high for new components they supply to car manufacturers, and then charge even more for the same parts supplied as replacements to dealerships and repair shops.... Read More »

 

China said to mull $16 billion funding for EV chargers

Aug. 27, 2014 12:08 CET
China may provide as much as $16 billion for electric-vehicle charging facilities. Increased state funding would be a tailwind for carmakers coping with consumer concerns over the price, reliability and convenience of electric vehicles.... Read More »

 

China's corruption watchdog investigates execs at Volkswagen JV

Aug. 26, 2014 12:51 CET
China's corruption watchdog says it is investigating one former and one current executive at VW Group's Chinese venture, FAW-Volkswagen Automotive, for "seriously violating the law."... Read More »

 

German suppliers asked to form JVs in China, report says

Aug. 25, 2014 10:39 CET
China has told three German suppliers they can no longer manage their Chinese units independently but need to form partnerships with local peers, the CEO of partsmaker ElringKlinger told a German newspaper.... Read More »

 

Toyota to cut prices of Lexus parts in China amid antitrust concerns

7:09 am U.S. ET | Aug. 21, 2014
Toyota said today it would cut prices of parts for its luxury Lexus models in China, following similar moves by its German rivals, in response to heightened regulatory scrutiny over antitrust issues.... Read More »

 

Police arrest 3 plant officials tied to deadly blast at China parts factory

4:14 pm U.S. ET | Aug. 20, 2014
Chinese police have arrested three people in connection with an explosion at an auto parts plant that killed 75 people in China's worst industrial accident in a year, state media reported.... Read More »

 

China levies record $200 million fine on Japan suppliers

Aug. 20, 2014 12:11 CET
China has fined 12 Japanese suppliers a record 1.24 billion yuan ($200 million) for alleged price fixing amid one of the broadest investigations since the nation's antitrust law came into effect six years ago.... Read More »

 

HANS GREIMEL

Why Korea could be next to crack down on foreign brand pricing

12:01 am U.S. ET | Aug. 20, 2014
Could China's crackdown on perceived price gouging by foreign automakers trigger a domino effect next door in South Korea, where sale of overseas brands are heating up?... Read More »

 

2 Japanese suppliers fined in China's antitrust crackdown

6:23 am U.S. ET | Aug. 19, 2014
China's antitrust regulator fined Japanese bearing makers NSK Ltd. and NTN Corp. a combined 4.8 billion yen ($47 million) for violating rules in a probe into industry pricing practices.... Read More »

 

HANS GREIMEL

Why Korea could be next to crack down on foreign brand pricing

8:55 am U.S. ET | Aug. 19, 2014
Could China's crackdown on perceived price gouging by foreign automakers trigger a domino effect next door in South Korea, where sale of overseas brands are heating up?... Read More »

 

Saab's owner seeks partner to secure brand's future

Aug. 19, 2014 11:15 CET
Saab's owner, National Electric Vehicle Sweden, says it is in discussions with potential partners as it seeks to restart car production and develop future models.... Read More »

 

China finds Mercedes guilty of price fixing, report says

Aug. 18, 2014 10:53 CET
Mercedes has been found guilty of manipulating prices for aftersales services in China, the official Xinhua news agency reported. Foreign automakers have been under scrutiny in China amid reports by state media that they are overcharging consumers.... Read More »

 

China needs Europe-like open competition, Volvo Chairman says

Aug. 18, 2014 13:46 CET
Volvo Chairman Li Shufu says China should stop trying to hinder competition in the world's largest automaker. "It's best if it's completely open, like in the U.S. and Europe; whoever wants to produce cars can do it," Li said.... Read More »

 

ZF plans big expansion of Shanghai r&d center

Aug. 17, 2014 06:01 CET
ZF Friedrichshafen is investing 50 million euros (412 million yuan) in a fivefold expansion of its Shanghai headquarters and research hub.... Read More »

 

Chinese EV, plug-in hybrid output soars tenfold in July

Aug. 17, 2014 06:01 CET
Automakers, aided by government subsidies, produced 5,799 electric vehicles and plug-in hybrids in China in July, 10 times more than in the same month last year.... Read More »

 

YANG JIAN

Why Beijing's antitrust crackdown has little to do with protectionism

12:01 am U.S. ET | Aug. 17, 2014
Beijing's slew of antitrust investigations into the pricing practices of foreign automakers is more likely to harm Chinese brands than to protect them.... Read More »

 

Daimler to recall 50,000 Smarts in China

Aug. 15, 2014 12:33 CET
Daimler is recalling about 50,000 Smart ForTwos in China. Authorities identified that vibrations can cause the V-belt, an engine component that drives the cooling fan and the alternator, to tear.... Read More »

 

Audi, Mercedes gain on BMW in global sales race

Aug. 15, 2014 06:01 CET
Audi and Mercedes are closing in on global premium sales leader BMW as the race between the three tightened last month.... Read More »

 

China's Brilliance mulls Italy car plant, prime minister says

Aug. 14, 2014 22:13 CET
Italian Prime Minister Matteo Renzi said that Chinese carmaker Brilliance China Automotive had expressed an interest in opening a plant in Italy. Renzi is trying to encourage foreign investment in Italy, which has fallen back into recession.... Read More »

 

VW sedan under Chinese investigation for axle problem

Aug. 14, 2014 14:48 CET
China's quality inspector has started an investigation into potential defects on a locally produced VW sedan after a growing number complaints from owners about the car's rear axle.... Read More »

 

Europe group questions China antitrust probes

Aug. 13, 2014 13:25 CET
The European Union Chamber of Commerce in China on Wednesday expressed concern over a recent series of antitrust investigations, saying China was using strong-arm tactics and appeared to be unfairly targeting foreign firms.... Read More »

 

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