China

Hyundai plans to build 2 more factories in China, not 1, reports say

7:17 am U.S. ET | Sept. 16, 2014
Hyundai Motor Co. plans to build two factories in China instead of one, two people familiar with the matter told Reuters today....
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VW boosts German brands' market share in China

Sept. 16, 2014 10:32 CET
VW Group's lead in China's compact sedan market this year has helped boost German automakers' share of the overall car market to 24 percent in July from 21 percent at the end of 2013....
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Tesla shares tumble as bullish analyst raises cautions about growth

5:04 pm U.S. ET | Sept. 15, 2014
One of Tesla's strongest supporters on Wall Street issued a cautious report on the maker of luxury electric cars today, sending its shares skidding 9 percent on Monday. Tesla stock rebounded slightly on Tuesday, rising 2.7 percent....
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U.S. Treasury chief warns China on antitrust probes of foreign companies

2:32 pm U.S. ET | Sept. 15, 2014
Treasury Secretary Jack Lew warned the Chinese government that a recent spate of antitrust investigations against foreign automakers and other companies could have serious implications for U.S.-China relations....
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Renault plans to build electric Fluence for Chinese brand

Sept. 15, 2014 14:55 CET
Renault plans to build its Fluence electric sedan in China for an unspecified local brand, CEO Carlos Ghosn said....
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YANG JIAN

How one pol championed China EV sales

12:01 am U.S. ET | Sept. 15, 2014
Until recently, China's electric vehicle industry was nothing more than a hobby. This year, the industry shook off its torpor, producing 25,946 EVs and plug-in hybrids in eight months....
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VW-SAIC joint venture names industry veteran as president

Sept. 12, 2014 16:30 CET
Shanghai Volkswagen Automotive, a joint venture between VW and SAIC Motor, hired veteran executive Chen Zhangxian as its new president. Shanghai VW operates five plants in China and sold 1.1 million VW and Skoda vehicles in the first eight months....
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European chamber urges China to ease aftermarket rules

Sept. 12, 2014 14:03 CET
The European Union Chamber of Commerce in China has urged the nation's government to allow more competition for vehicle aftermarket service as it says current regulations are the "key driver" of the monopoly situation that has led to state probes within the auto industry....
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JLR will build Range Rover Evoque in China

Sept. 12, 2014 10:28 CET
Jaguar Land Rover says the Range Rover Evoque will be the first model built at the company's new China factory. The automaker also said that it may add production of its new Land Rover Discovery Sport at a later date....
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VW, Chrysler fined $46 million by China regulator for price monopoly

Sept. 11, 2014 11:10 CET
VW Group and Chrysler were fined a combined $46 million by China's anti-monopoly regulator in the first-ever punishment of foreign carmakers for price fixing. The penalty raised the possibility of similar fines for Mercedes and Jaguar Land Rover....
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GreenTech electric vehicle venture anticipates U.S. production in 4th quarter

5:20 pm U.S. ET | Sept. 9, 2014
A Chinese-affiliated electric vehicle venture that has generated more curiosity than cars during the past five years anticipates launching U.S. production by the end of this year....
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U.S. businesses in China feel targeted

12:01 am U.S. ET | Sept. 8, 2014
China is targeting foreign companies, including automakers and suppliers, with opaque laws and rules, said a group representing U.S. businesses here, Bloomberg reported....
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EDITORIAL

Cancel Chinese invasion; cue the Volvo sedan

12:01 am U.S. ET | Sept. 8, 2014
Next year, the Volvo S60L long-wheelbase sedan will become the first mainstream vehicle built in China to be sold in the U.S. That's hardly the wave of inexpensive vehicles from China's domestic automakers that many feared just a half decade ago....
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Ford recalls 191,770 Focus sedans in China to repair fuel leak

7:34 am U.S. ET | Sept. 5, 2014
Ford issued its largest recall in China in four years after the nation's quality regulator found a fuel leak risk in the Focus sedan....
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Cooper Standard hikes stake, gains control of Chinese auto sealing joint venture

12:37 pm U.S. ET | Sept. 4, 2014
Cooper Standard Holdings agreed to purchase an additional stake in its Chinese automotive sealing joint venture for $60 million....
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China launches criminal case against former exec at FAW, VW's China partner

Sept. 3, 2014 11:37 CET
Chinese prosecutors have launched a criminal bribery investigation into a former senior executive at FAW Group Corp., one of Volkswagen's joint-venture partners in China. An Dewu is suspected of accepting bribes, China's procurator said....
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Europe business chamber says China won't force foreign suppliers to form JVs

Sept. 2, 2014 12:19 CET
Recent media reports that China will force foreign automotive suppliers to form joint ventures with local companies are unfounded, the European Union Chamber of Commerce in China said....
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China targeting auto industry, other foreign companies unfairly, U.S. group says

6:30 am U.S. ET | Sept. 2, 2014
China is targeting foreign companies -- including automakers and suppliers -- with opaque laws and rules, according to a group representing U.S. businesses there, contributing to a deteriorating environment for investment in the nation....
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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....
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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....
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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....
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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....
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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....
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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....
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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."...
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Defying Dad, by building on his legacy

Defying Dad, by building on his legacy

At Courtesy Auto Group in Illinois, second-generation dealers Ray and Rik Fregia have seen a 30 percent boost in sales this year, thanks largely to million-dollar overhauls at their three stores. Mon., September 15
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