China

Pirelli to be bought by ChemChina in $7.7 billion deal

March 23, 2015 09:37 CET

China National Chemical will buy into Pirelli in a $7.7 billion deal that would place one of the symbols of Italy's manufacturing industry in Chinese hands. But the bid may turn into a protracted takeover battle.... Read More »

BAIC Motor will take stake in Daimler China leasing firm

March 23, 2015 13:50 CET

Chinese automaker BAIC Motor plans to deepen its partnership with Daimler by taking a 35 percent stake in the German automaker's Mercedes-Benz Leasing.... Read More »

BMW's expansion in N. America will counter cooling China

March 21, 2015 06:01 CET

BMW's decision to add a car plant in Mexico was motivated by a desire to reduce its reliance on the cooling Chinese market, CEO Norbert Reithofer said. BMW plans to build up to 150,000 cars a year at a new factory in Mexico starting in 2019.... Read More »

Jaguar Land Rover starts China recall of Evoque after TV report on quality issues

March 20, 2015 11:59 CET

Jaguar Land Rover has started to recall Range Rover Evoque SUVs in China four days after a report on state-run television said the company didn't handle quality problems properly.... Read More »

LUCA CIFERRI

BLOG: China and cutting CO2 tough tasks for incoming BMW CEO Krueger

7:15 am U.S. ET | March 19, 2015

BMW CEO Norbert Reithofer sees China and CO2 emissions as the biggest challenges facing incoming chief Harald Krueger when he takes over the top job from Reithofer on May 15.... Read More »

VW hit by second Chinese TV expose in a week, this time over engine leaks

7:42 am U.S. ET | March 18, 2015

China's main state-owned television network struck out against Volkswagen AG in its second expose targeting the company this week, alleging this time that it overlooked dangerous engine leaks in its Chinese cars.... Read More »

China's FAW chairman faces gov't graft probe

March 17, 2015 13:18 CET

Xu Jianyi, the chairman of China's FAW Group, which makes cars with Volkswagen and Toyota, is being investigated by the Communist Party anti-graft watchdog.... Read More »

VW, Mercedes, JLR, Nissan targeted by China TV show

March 16, 2015 11:43 CET

Volkswagen, Mercedes and Nissan said they are probing allegations aired by Chinese state TV that they oversold repairs and spare parts to drivers. Media criticism can dent reputations and drag on sales in the world's biggest auto market.... Read More »

China's got sales, U.S. has riches

12:01 am U.S. ET | March 16, 2015

Last year, some 19.7 million new light vehicles were sold in China, compared with 16.5 million here. But according to a new study by TrueCar, the total value of sales in the United States exceeded that of China by as much as $161 billion.... Read More »

FAW Chairman Xu Jianyi faces government corruption probe

9:23 pm U.S. ET | March 15, 2015

Xu Jianyi, chairman of China FAW Group, is being investigated for corruption, according to a statement issued Sunday by China's corruption watchdog.... Read More »

YANG JIAN

BLOG: Why Land Rover leads among China's second-tier luxury brands

12:01 am U.S. ET | March 13, 2015

Land Rover has remained China's fourth-largest luxury brand behind Audi, BMW and Mercedes for two years in a row. The fact it has started to build SUVs in China seems likely to strengthen its position as the leader among China's second-tier luxury automakers.... Read More »

Chinese auto-wire exporters may face wider EU tariff

March 11, 2015 17:10 CET

The European Union threatened to widen a tariff on automotive-industry wire from China, saying Chinese producers may have shipped "slightly modified" versions of the product to dodge the duty.... Read More »

PSA starts output in China for Dongfeng's domestic brand

March 11, 2015 06:01 CET

Dongfeng Peugeot Citroen Automobile, a joint venture between PSA and China's Dongfeng, has started building a midsize sedan for Dongfeng, marking the first time a global automaker has produced vehicles sold under the brand of its Chinese partner.... Read More »

China may be biggest market, but U.S. still richest

11:21 am U.S. ET | March 10, 2015

China may be the world's biggest auto market, but the U.S. is still the richest when it comes to the value of new sales. According to a study by TrueCar, the total value of new-vehicle sales in the U.S. still exceeded the total value in China by as much as $161 billion last year.... Read More »

VW makes progress on China-built budget brand

March 9, 2015 15:04 CET

VW Group is moving toward adding a no-frills brand in China after delays caused by the automaker's efforts to reduce costs on the project. VW has said the car will be priced at 6,000 to 7,000 euros.... Read More »

Jeep ramps up dealers in China as production commences

2:14 pm U.S. ET | March 4, 2015

Jeep will increase its dealerships in China by about a third this year and will start local production of its Cherokee SUV in November followed by the smaller Renegade model in 2016, CEO Mike Manley said.... Read More »

HANS GREIMEL

BLOG: BYD heralds its vehicle sales in Japan

1:04 pm U.S. ET | March 4, 2015

Can the Chinese succeed where the Koreans and Americans largely have failed: penetrating Japan's auto market?... Read More »

PSA may expand sales of Citroen C4 Cactus to China

March 4, 2015 06:01 CET

PSA may expand sales of its Citroen C4 Cactus to China in a sign that a repositioning of the brand is bearing fruit. Sales of the hatchback have topped 50,000, beating expectations.... Read More »

Continental increases microcontroller output in China

Feb. 24, 2015 12:45 CET

Continental says it has launched production of transmission control units on a second line at its plant in Tianjin, China. The German supplier's transmission division entered China in 1998. Aside from its factory in Tianjin, the unit has an r&d center in Shanghai.... Read More »

China's Wanxiang to rebrand Fisker as Elux, report says

9:26 am U.S. ET | Feb. 23, 2015

Chinese auto parts maker Wanxiang Group will push back its planned relaunch of the defunct Fisker Karma hybrid sports car until mid-2016 and rebrand Fisker Automotive as Elux, two sources familiar with the plan told Reuters on Sunday.... Read More »

Daimler extends contract of China boss Troska

Feb. 13, 2015 16:00 CET

Daimler's supervisory board has extended the contract of Hubertus Troska, head of the automaker's China unit, by five years. The 54-year-old executive has helped reduce Mercedes' sales gap with BMW and Audi in the world's largest auto market.... Read More »

Daimler targets at least 10% sales growth in China this year

Feb. 10, 2015 13:27 CET

Daimler will boost local production of Mercedes vehicles in China and continue its dealer network expansion as it targets sales growth of at least 10 percent this year, the company's China chief, Hubertus Troska, said.... Read More »

Porsche will recall some Panamera, Cayenne models in China on camshaft problem

Feb. 9, 2015 10:51 CET

Porsche will recall 14,571 cars in China, including some Panamera and Cayenne models, due to defective camshaft adjuster bolts that may loosen or break, the country's national quality watchdog said.... Read More »

Ford will roll out 6 new models in Russia despite market slump

Feb. 8, 2015 11:20 CET

Ford will roll out six new models in Russia this year despite the country's sagging economy and rising tensions over the conflict in Ukraine, CEO Mark Fields told a German business magazine.... Read More »

GM's China sales slip in January; Ford posts 19% gain

12:08 pm U.S. ET | Feb. 6, 2015

GM and its Chinese joint ventures sold 339,781 vehicles in China in January, down 2.4 percent from a year earlier. Ford and its Chinese joint ventures sold 112,599 vehicles in China in January, up 19 percent from a year earlier.... Read More »

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