European carmakers shares decline on weakening China manufacturingMay 23, 2013 11:04 CET Volkswagen, PSA and Renault shares all dropped 5 percent or more after preliminary data showed Chinese manufacturing is unexpectedly contracting.... Read More »
Magneti Marelli expands China production of lighting componentsMay 21, 2013 09:15 CET  Magneti Marelli has opened a plant in the southern China city of Foshan to produce rear lights, headlamps and other lighting components. The company aims to secure a 10 percent share of China's lighting market in the midterm.... Read More »
Dongfeng-PSA sales rise 37% in April on new modelsMay 21, 2013 08:49 CET  PSA's China joint venture with Dongfeng Motor Corp. said it increased sales 37 percent last month to 45,303 units helped by strong demand for its stretched Citroen C4 and Peugeot 3008 models.... Read More »
Continental names veteran exec Cramer as China headMay 20, 2013 11:38 CET  German supplier Continental has named veteran executive Ralf Cramer to head its operations in China, which it sees as the main driver of its growing business in Asia. The company says it gets around 18 percent of its sales from Asia and wants to increase this proportion to more than 30 percent.... Read More »
Magna opens body, chassis plant in China's ChongqingMay 20, 2013 09:36 CET  Magna's Cosma unit has opened a plant in southwest China to supply body and chassis parts to automakers in the area including Ford Motor Co. and Volkswagen.... Read More »
M-B redesigned S class with China in mind 12:01 am U.S. ET | May 20, 2013 The redesigned Mercedes-Benz S class made its world debut last week in Hamburg, Germany, but Shanghai might have been more appropriate. Why? China accounted for 49 percent of all 2010-12 S-class sales.... Read More »
BRADFORD WERNLE In the Land of Many Buicks, one in particular stood out 3:59 pm U.S. ET | May 17, 2013  If you were an alien from another world and your spaceship landed in Shanghai, you would immediately conclude that Buick is a planetary titan among automotive brands.... Read More »
In boost to GM and VW, China resumes incentives for foreign auto investment 12:01 am U.S. ET | May 17, 2013  A surprise policy shift in China is expected to give a boost to GM, Volkswagen Group and other foreign automakers planning to expand in the world's largest car market.... Read More »
ANALYSIS New S class key to boosting Mercedes profit margins, China salesMay 17, 2013 06:01 CET  Daimler CEO Dieter Zetsche was leaning back in the rear seat of a prototype Mercedes-Benz S-class sedan in 2010 when he realized it didn't recline far enough.... Read More »
VW Group sales increase 7% in AprilMay 17, 2013 12:06 CET  Volkswagen Group's global monthly sales picked up pace again in April after growing at their slowest rate in more than three years a month earlier. VW Group said on Friday that deliveries to customers rose 7 percent to 784,600 vehicles last month.... Read More »
VW, GM, others get unexpected boost in ChinaMay 17, 2013 06:01 CET  A surprise policy shift in China is expected to give a boost to VW Group, GM and other foreign automakers planning to expand in the world's largest car market.... Read More »
ANALYSIS New S class key to boosting Mercedes profit margins, China sales 9:00 am U.S. ET | May 16, 2013  Daimler AG CEO Dieter Zetsche was leaning back in the rear seat of a prototype Mercedes-Benz S-class sedan in 2010 when he realized it didn't recline far enough.... Read More »
Volkswagen starts construction of 300,000-vehicle plant in ChinaMay 16, 2013 09:04 CET  Volkswagen has begun construction of a new factory in Changsha, China, with an annual capacity of 300,000 vehicles, the company said in a statement today. The plant is one of seven factories being built by the company as it seeks to expand annual capacity in China to 4 million vehicles by 2018 in order to meet growing demand.... Read More »
DOUGLAS A. BOLDUC Is the S in the new Mercedes S class for Shanghai? 12:01 am U.S. ET | May 15, 2013  The new Mercedes-Benz S class made its world premiere today in Hamburg, Germany, but Shanghai might have been more appropriate. Why? China accounted for nearly half of all S-class sales from 2010-2012.... Read More »
DOUGLAS A. BOLDUC Is the S in the new Mercedes S class for Shanghai? 12:01 am U.S. ET | May 15, 2013  The new Mercedes-Benz S class makes its world premier today in Hamburg, Germany, but Shanghai might have been more appropriate. Why? China accounted for nearly half of all S-class sales from 2010-2012.... Read More »
Volkswagen said to favor China's FAW for budget brandMay 14, 2013 15:34 CET  Volkswagen favors launching a planned budget brand in China with local joint-venture partner FAW, sources said. VW aims to introduce the low-cost marque in about three years and may eventually expand it to more than one model.... Read More »
Audi sales in China exceed BMW, Mercedes on demand for SUVsMay 14, 2013 11:04 CET  Audi saw the fastest sales growth among German premium marques in China last month after deliveries rose 13 percent to 38,710 vehicles in China and Hong Kong, the company said today. BMW, the world's largest premium automaker, reported an 11 percent gain in core-brand sales to 30,311 units, while Mercedes-Benz said brand sales increased 11 percent to 16,241 units.... Read More »
BMW invests 3 billion euros in EVs, report saysMay 13, 2013 12:00 CET  BMW will invest 3 billion euros through the end of this year on the development of its lineup of electric vehicles, funding the "i" subbrand with earnings from its booming business in China, a German business newspaper reported.... Read More »
China is a learning lab for Lincoln 12:01 am U.S. ET | May 13, 2013  Lincoln is studying the habits of luxury shoppers at Shanghai's luxury malls for new ideas in customer service that eventually could find their way back to U.S. dealerships.... Read More »
First Saab-based model released by Beijing AutoMay 11, 2013 16:04 CET Beijing Automotive Group, which makes vehicles with Daimler and Hyundai, started selling its first sedan based on Saab technology as it prepares to list its BAIC Motor Corp. unit in Hong Kong.... Read More »
VW confirms report it will build factory in Changsa, ChinaMay 11, 2013 18:46 CET  VW Group has confirmed a German newspaper report that said it will build a factory with an annual capacity of 300,000 vehicles in Changsa, Hunan province, China.... Read More »
Hyundai mulls 4th China plant, vice chairman says 2:31 am U.S. ET | May 10, 2013  Hyundai Motor is considering building a fourth car plant in China, its vice chairman said today, as the company seeks to increase production overseas to counter the effect of a firm local currency, a falling yen, and labor issues.... Read More »
Nissan Q4 profit jumps 46%May 10, 2013 10:54 CET  Nissan today reported a 46.1 percent rise in its quarterly net profit to 110 billion yen ($1.11 billion).... Read More »
China passenger-vehicle sales rise 13% in AprilMay 9, 2013 08:49 CET  China's passenger-vehicle sales rose 13 percent in April on rising demand for new models in the world's biggest vehicle market.... Read More »
GM wins approval to build $1.3 billion Cadillac plant in China 9:00 am U.S. ET | May 7, 2013  General Motors, the largest foreign automaker in China, said it won regulatory approval to build a Cadillac factory to boost sales of luxury vehicles in the world’s biggest automobile market.... Read More »
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