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Europe
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German Newsletter
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Asia
Zetsche: deal with Jaguar, LR possibleDaimler is prepared to strike a deal with British carmakers Jaguar and Land Rover that could see the German carmaker sell components to its peers, CEO Dieter Zetsche told auto motor und sport magazine. Zetsche highlighted that Daimler holds a 7 percent stake in Indian car maker Tata Motors that owns Jaguar and Land Rover. [REG] May 5 09:43 CET |
Pirelli to reinforce position abroad
Pirelli is expected to outline plans to reinforce its position in high growth markets like China, India and Latin America when it releases its business plan expected this autumn, the daily Il Corriere della Sera said without giving a source. [REG] May 5 10:26 CET
Costs up in China, but bargains still aboundCosts are rising for parts producers in China. A new labor law boosts employee costs by up to 30 percent. Raw materials are becoming more expensive. The weakening U.S. dollar buys fewer goods. Companies also must spend time and money bringing domestic suppliers up to international standards. So is China still a low-cost source of components, or is the China price a myth? [SUB] 12:01 am U.S. ET | May 5 |
Philips opens lighting center in China
Philips Lighting, a division of Royal Philips Electronics, opened a small engineering center to adapt the company's products to vehicles in Asia. [REG] May 1 15:01 CET
Chinese learn Italian (design) languageWhen it comes to design, the Chinese are becoming fluent in Italian. Evidence of this was everywhere at the Beijing show. Hungry, young Chinese automakers such as Brilliance JinBei Automobile, Chery Automobile and Anhui Jianghuai Automobile have given Pininfarina, Italdesign Giugiaro and Bertone the freedom to define the look and feel of their brands. [SUB] April 28 07:15 CET |
Summer restart for ex-Rover plant
Shanghai Automotive Industry Corp. has a new five-year plan to resume car production at the former MG Rover factory in Longbridge, central England. SAIC will build four model lines and at least 50,000 units a year, Longbridge spokeswoman Eleanor de la Haye said. [SUB] April 28 07:10 CET
Bound for America?Chery Automobile Co. hopes its Brave Warrior Series, which includes the Higgo2 SUV and the Higgo3 pickup, will gain a following in the United States. The Higgo3, shown on display at the Beijing auto show, is to go on sale in Australia. [SUB] 12:01 am U.S. ET | April 28 |
Court orders custodian for Chamco
A New Jersey Superior Court judge has put Chamco Auto into the hands of a custodian rather than turn the company over to either of two factions fighting for control. Judge Catherine Langlois chided both factions for violating the rules of fair play and failure to live up to their obligations. Chamco aspires to sell Chinese SUVs and pickups in North America. [SUB] 12:01 am U.S. ET | April 28
Lear says its presence in Asia will growThe head of purchasing for Lear Corp.'s seat division has moved to Shanghai from Michigan because Lear's customers want the supplier to source more parts from low-cost countries. But there's more to the story. Most of Lear's new business is coming from Asia, and suppliers need to be close to their customers. [SUB] 12:01 am U.S. ET | April 28 |
Help from India for Europe's ailing coachbuilders
Europe's coachbuilders are going through tough times. But it looks like they could be thrown a lifeline by new Indian and Chinese partners. France's Heuliez, which has been under bankruptcy protection since December, announced last week that India's Argentum Motors plans to become its major shareholder. And last Thursday, Pininfarina said India's Tata Motors has expressed an interest in becoming a shareholder in the Italian company. [SUB] April 28 06:10 CET
BEIJING AUTO SHOW
VW to cut suppliers in China
Volkswagen plans to cut one-third of its suppliers in China in five years, but the partsmakers it will retain will have a better chance to supply its joint ventures in China -- Shanghai Volkswagen Automotive and FAW-Volkswagen Automotive. [SUB] April 28 06:01 CET
BEIJING AUTO SHOW
Some Chinese still follow the leaders
Chinese automakers are trying to shed their reputation as car cloners by turning out original vehicles. Last week at the Beijing auto show, there were fresh designs from domestic automakers among the more than 100 production and concept cars that were unveiled. But vehicles whose design inspiration came from established foreign models could still be seen at the show. [SUB] April 28 06:01 CET
Great Wall chief sees SUV for Europe in 2009Great Wall Motor aims to start exporting a new SUV to Europe by 2009, Great Wall President Wang Fengying said. “In design and development, we are making sure our new SUV complies with European regulations,” she said. Great Wall exported some Hover small SUVs to Italy and Romania in 2006 and 2007. [SUB] April 28 06:01 CET |
Mitsubishi plans low-cost world car on Japanese mini platform
Mitsubishi Motors Corp. is developing a low-cost world car based on a Japanese minicar platform. The vehicle will go on sale in 2010. President Osamu Masuko outlined the new car last week at the Beijing auto show, saying it will be geared initially toward Europe, China or Southeast Asia. [SUB] 12:01 am U.S. ET | April 28
