China

Lotus plans to build cars in China

April 17, 2015 16:24 CET

Lotus plans to build cars and engines in China in a joint venture, DRB-Hicom, the UK sports car maker's Malaysian parent company, said. The venture will involve an investment of $1.6 billion over 15 years.... Read More »

Chinese automakers are taking over the hottest SUV market

12:34 pm U.S. ET | April 16, 2015

After years of losing out to foreign brands, China's automakers are winning in the world's hottest SUV market by employing a tried-and-tested strategy: offering them cheap.... Read More »

Chinese conglomerate completes acquisition of Prestolite Electric

1:11 pm U.S. ET | April 16, 2015

Chinese conglomerate Zhongshan Broad-Ocean Motor has completed its acquisition of Michigan-based supplier Prestolite Electric LLC.... Read More »

Cadillac CT6 underpinnings could support a big Buick

11:15 am U.S. ET | April 14, 2015

Now that General Motors has christened its large, rear-wheel-drive platform, code-named Omega, with the debut of the Cadillac CT6 sedan, what other cars might go onto that same foundation?... Read More »

Hanergy's solar-car plan draws skepticism

7:16 am U.S. ET | April 14, 2015

Plans by Hanergy Thin Film Power Group to build a car powered only by solar panels remain a mystery two months after being publicized, and analysts are skeptical the company can meet a goal to roll out prototypes this year.... Read More »

2015 SHANGHAI AUTO SHOW

Automakers benefit from China's SUV boom

April 13, 2015 08:55 CET

The Shanghai auto show will be the perfect place to gauge the intensity of the SUV battle between the global and Chinese automakers. The SUV market is one of the few segments in which Chinese automakers are successfully challenging foreign rivals.... Read More »

Hyundai beats VW as China's top-ranked mass-market auto brand

April 13, 2015 11:27 CET

Hyundai beat Volkswagen and General Motors' Buick to be the top-ranked mass-market auto brand in China in a state-backed survey, even as the South Korean automaker's deliveries there fell in the first quarter.... Read More »

Hyundai beats VW, Buick as China’s top-ranked mass-market auto brand

7:10 am U.S. ET | April 13, 2015

Hyundai Motor beat Volkswagen and Buick to be the top-ranked mass-market auto brand in China in a state-backed survey, even as the South Korean automaker’s deliveries there fell in the first quarter.... Read More »

SHANGHAI AUTO SHOW PREVIEW

Automakers roll out SUVs in battle for fast-growing segment

12:01 am U.S. ET | April 12, 2015

The Shanghai auto show -- which opens April 20 -- will be the perfect place to gauge the intensity of the SUV war between the global giants and Chinese automakers. Honda, Mercedes, Citroen and BMW have announced global premieres of SUVs or crossovers at the show, and other automakers are sure to follow.... Read More »

Shanghai will serve up fresh selection of SUVs, crossovers

12:01 am U.S. ET | April 12, 2015

Automakers will feed China's seemingly insatiable appetite for SUVs and crossovers with a fresh batch of concepts and production models for the Shanghai auto show.... Read More »

Former FAW-VW exec sentenced to life for accepting $5.3 million in bribes

5:32 am U.S. ET | April 9, 2015

A former top executive at Volkswagen's China joint venture with FAW Group, Shi Tao, was sentenced to life in prison for accepting $5.3 million in bribes. The sentence is the latest development in corruption investigations involving FAW.... Read More »

Former FAW-VW exec sentenced to life for accepting $5.3 million in bribes

April 9, 2015 11:32 CET

A former top executive at Volkswagen's China joint venture with FAW Group, Shi Tao, was sentenced to life in prison for accepting $5.3 million in bribes. The sentence is the latest development in corruption investigations involving FAW.... Read More »

Ford outsells Hyundai in China with capacity expansion, new cars

12:01 am U.S. ET | April 8, 2015

Ford outsold Hyundai in China for the first time, closing in on its goal to rank among the top three foreign automakers in the world's largest market.... Read More »

Asia-Pacific grabs bigger share of 2014 global vehicle output

2:55 pm U.S. ET | April 7, 2015

The Asia-Pacific region was the center of vehicle production again in 2014, accounting for more than half of global output, and is expected to keep grabbing a larger slice. The North American market also improved, with Mexico output jumping 10 percent.... Read More »

China gets the lion’s share of vehicle production capacity investments in 2014

7:00 pm U.S. ET | April 7, 2015

China once again captured the bulk of global investments in new or expanded vehicle production capacity last year, winning more than half of the auto industry’s total outlays earmarked to add or expand output.... Read More »

BMW, Mercedes probe unauthorized exports from U.S. to China

April 7, 2015 11:29 CET

Mercedes and BMW are probing unauthorized exports of vehicles from the U.S. to China, which have recently surged and threaten profit in the world's largest auto market. So-called gray imports to China have jumped since the country allowed dealers in Shanghai's free trade zone to import cars without the consent of foreign carmakers.... Read More »

Toyota to end expansion freeze, invest $1.3B in new Mexico, China plants, reports say

7:34 am U.S. ET | April 3, 2015

Toyota plans to spend about $1.3 billion to build two new car plants in Mexico and China, two people familiar with plans told Reuters, ending a three-year freeze imposed after unchecked growth lumbered the world's biggest auto maker with too many idle production lines.... Read More »

Daimler predicts profit rise on boost from China

April 1, 2015 10:49 CET

Daimler predicted higher profit this year, lifted by stronger demand in China, where first-time buyers often opt for an upscale car. The company targets a 9 percent return on sales after generating a margin of 7.8 percent in 2014.... Read More »

Faurecia forms joint venture with China's Dongfeng

March 31, 2015 11:26 CET

Faurecia has agreed to form a joint venture with Dongfeng Motor to help increase its presence in the world's biggest car market. Faurecia is majority-owned by PSA/Peugeot-Citroen. Dongfeng has a 14 percent stake in PSA.... Read More »

ChemChina hopes to re-list Pirelli in Italy; says counterbid will hurt investors

March 30, 2015 09:14 CET

The chairman of China National Chemical Corp. (ChemChina), Ren Jianxin, said he hopes to re-list Italy's Pirelli on the Italian stock exchange. A counterbid for Pirelli would hurt the Italian firm's investors and long-term strategy, he warned.... Read More »

Tesla reboots in China as range anxiety, customs crimp sales

12:34 pm U.S. ET | March 29, 2015

Tesla is rushing to expand its network of charging stations across China to assuage range anxiety, add luxury features that suit local tastes and retrain a sales force that CEO Elon Musk previously described as "brain-dead."... Read More »

Pirelli CEO sees strong future with ChemChina, no talks on counterbid

March 27, 2015 12:07 CET

Pirelli has a strong future with China National Chemical Corp. and is not talking to others about a possible counterbid, CEO Marco Tronchetti Provera said. ChemChina agreed to become the majority owner of the world's fifth-largest tire maker in an $8 billion deal. The market speculated that Bridgestone could be putting together a counterbid.... Read More »

Volvo appoints Europe boss as part of global reorganization

March 24, 2015 11:43 CET

Volvo named Anders Gustafsson as head of Europe, Middle East and Africa, one of three global business regions that also include new divisions for the Americas and Asia.... Read More »

Mercedes begins output of GLA engines in China

March 24, 2015 12:28 CET

Mercedes has added production of engines for the GLA compact crossover at its powertrain plant in Beijing. The automaker has now localized all engine production for the three models it produces locally with partner Beijing Automotive, that also include the C class and E class.... Read More »

Ford poised to surpass Hyundai in China capacity with new plant

3:06 pm U.S. ET | March 23, 2015

Ford will open its fourth passenger-car assembly plant in China today as part of a $4.9 billion expansion drive, putting it on track to overtake Hyundai in the world’s largest auto market.... Read More »

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