ChinaNexteer Automotive launches up to $325 million stock offer 11:54 am U.S. ET | June 14, 2013  Nexteer Automotive, the world's fifth-largest supplier of steering systems, today began launching an initial public stock offering worth up to $325 million in Hong Kong, braving a volatile local stock market and tepid demand for new stock listings here.... Read More »
YANG JIAN Foreign competition leads to new partnerships in China 12:01 am U.S. ET | June 14, 2013  In China, auto JVs are common between global brands and state-owned Chinese companies. Today, however, big state-owned automakers and small private domestic companies also are joining forces to better battle major foreign automakers.... Read More »
VW-brand China sales rise 19% in MayJune 14, 2013 09:35 CET  Sales of Volkswagen's core brand in China rose nearly 19 percent to 197,000 units in May outpacing overall industry sales, which rose just 9 percent. The Lavida sedan and Tiguan compact SUV both helped power demand in the market last month, according to LMC Automotive.... Read More »
YANG JIAN Foreign competition leads to new partnerships in China 12:01 am U.S. ET | June 14, 2013  In China, auto JVs are common between global brands and state-owned Chinese companies. Today, however, big state-owned automakers and small private domestic companies also are joining forces to better battle major foreign automakers.... Read More »
Ford studies new models to drive Lincoln revival 3:48 pm U.S. ET | June 13, 2013  Ford may develop new models for Lincoln in fast-growing vehicle segments as part of the automaker's latest attempt to revive the struggling luxury brand and boost its profits. The company did not specify which vehicle segments it was targeting. But in a presentation to investors on Thursday, Ford showed in a chart that it expects the premium small-car and crossover segments to grow sharply by 2015.... Read More »
Renault's China plant approved by environmental agencyJune 11, 2013 14:47 CET  China's environmental protection ministry has approved Renault's application to build an assembly plant together with partner Dongfeng Motor Corp., the ministry confirmed last week. The plant will be situated in the central China city of Wuhan and will produce up to 150,000 vehicles and engines per year.... Read More »
Mercedes plays catch-up in China 12:01 am U.S. ET | June 10, 2013  Daimler's Mercedes-Benz is adding production capacity and expanding its retail network in China as the automaker tries to catch up with premium rivals Audi and BMW. Daimler expects China to become its largest market within two years, overtaking its current No. 1, the United States, and second-ranked Germany.... Read More »
YANG JIAN China's slowing economy provides opportunities for foreign automakers 12:01 am U.S. ET | June 10, 2013  Recent economic indicators suggest that China's economy is losing steam. The economy grew 7.7 percent in the first quarter, down from last year's 7.8 percent pace, and official statistics may be masking a more serious slowdown. Still, foreign automakers in China should view the slight slowdown as an opportunity for better long-term growth.... Read More »
Marchionne says Fiat could look for new China partner for JeepJune 9, 2013 06:01 CET  Fiat could look for a new China partner to help it manufacture Chrysler's Jeep brand in the world's largest car market in 2014, said Fiat CEO Sergio Marchionne.... Read More »
EU-China trade dispute could put European carmakers' sales at riskJune 7, 2013 12:31 CET A trade dispute between the EU and China could hit European automakers' sales in China. A tariff on cars with larger engines would hurt German premium automakers BMW, Mercedes and Audi.... Read More »
Porsche sales rise 13% in May on strong demand for Boxster, CaymanJune 6, 2013 13:35 CET  Porsche's global sales rose 13 percent in May on strong demand for the Boxster and Cayman, leaving the automaker's sales boss "cautiously optimistic" about the second half despite Europe's ongoing sales slump.... Read More »
AUTOMOTIVE NEWS EUROPE E-MAGAZINE Daimler vows to catch rivals Audi, BMW in world's biggest marketJune 5, 2013 06:01 CET  Daimler's Mercedes-Benz is adding production capacity and expanding its retail network in China as the automaker attempts to catch up with premium rivals Audi and BMW. Daimler expects China to become its largest single market within two years, overtaking its current No. 1, the United States, and second-ranked Germany.... Read More »
Ford China enjoys big SUV sales in May; GM's premium brands rise 9:49 am U.S. ET | June 5, 2013  Ford sales in China last month surged 45 percent year-on-year to 70,540 vehicles, supported by its expanding SUV lineup. Meanwhile, GM and its three joint ventures in China sold 252,942 vehicles in May, up 9 percent year-on-year, on strong demand for the Buick and Cadillac brands.... Read More »
Faurecia sells stake in China exhaust control plant to supplier HuaxiangJune 5, 2013 06:01 CET  French supplier Faurecia has sold a 49 percent stake in its emission control component plant in the southwest China city of Chengdu to its Chinese peer, Ningbo Huaxiang Electronic Co.... Read More »
AUTOMOTIVE NEWS EUROPE E-MAGAZINE Audi sales boss De Meo bullish on China, SUVsJune 4, 2013 06:01 CET  Audi sales boss Luca De Meo expects China's compact-premium segment to grow from about 10 percent of the luxury market to more than 25 percent by 2020. Audi plans to meet this demand with its locally produced A3 sedan and Q3 SUV. De Meo discussed his outlook for Audi with Automotive News Europe Editor Luca Ciferri.... Read More »
Volvo tries to overcome late start in China; takes aim at BMW, AudiJune 4, 2013 06:01 CET  Three years after buying Volvo Cars, Chinese tycoon Li Shufu may get to compete with Audi and BMW on a more level playing field in his own country. Volvo will begin production this month at its first factory in China, allowing it to avoid the nation's 25 percent import tariff.... Read More »
Nexteer plans to launch $400 million IPO this week, report says 10:07 am U.S. ET | June 3, 2013  Nexteer Automotive, the Michigan-based auto supplier controlled by China's biggest aerospace company, plans to start gauging demand for an initial share sale this week, two people with knowledge of the matter told Bloomberg.... Read More »
AUTOMOTIVE NEWS EUROPE E-MAGAZINE Late-arriving French automakers hope China's love for French luxury brands will lead to sales boomJune 3, 2013 06:01 CET  German automakers have long seen China as a key market. Now their late-arriving French rivals hope to catch up fast with help from the popularity of France's fashion brands.... Read More »
AUTOMOTIVE NEWS EUROPE E-MAGAZINE Fiat-Gucci link fails in ChinaJune 3, 2013 06:01 CET  Fiat so far has failed to establish its tiny 500 as a chic city car in China despite a direct link to Italy's Gucci brand. The struggles of the 500 by Gucci could be foreboding to PSA and Renault, which both hope to win sales in China because of local consumers' love of high-end French brands.... Read More »
Daqi enough? In China, that's crucial The meaning's unclear, but everybody wants it 12:01 am U.S. ET | June 3, 2013  What's the secret sauce that will prove irresistible to millions of Chinese auto shoppers? With the Chinese market projected to hit 30 million units by the beginning of the next decade, more than the United States and Europe combined, it's a recipe all the world's carmakers are dying to find.... Read More »
KEITH CRAIN The more things change 12:01 am U.S. ET | June 3, 2013  It doesn't seem that long ago that a lot of us were driving station wagons. It looks to many like we have slowly migrated back into three-row vehicles.... Read More »
For China buyers, the back seat is a front-burner issue 12:01 am U.S. ET | June 3, 2013 To learn just how different the Chinese Ford Kuga compact crossover is from its North American sibling, the Ford Escape, step into the back seat. Most American car owners rarely ride there. But to many Chinese customers, the back seat might be the most important space in the vehicle.... Read More »
Yen skews U.S. pricing, data show 12:01 am U.S. ET | June 3, 2013 The yen's plunge against the dollar gives Japanese automakers a big price advantage here, and arguments that transplant U.S. factories slash the impact don't hold water, says a Morgan Stanley analyst.... Read More »
China's Great Wall targets Jeep's SUV crown 5:04 am U.S. ET | May 31, 2013  Chinese billionaire Wei Jianjun has set a target for Great Wall's Haval marque to surpass Chrysler Group's Jeep lineup and become the world's best selling SUV brand in three to four years.... Read More »
Red Flag sedans will challenge Audi in ChinaMay 31, 2013 06:01 CET  FAW Group has started sales to the public of its new Red Flag sedans, pitting the symbol of Communist privilege against Audi for China's elite.... Read More »
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Special Report
 Dealer O.C. Welch's big-truck turnaroundAfter Mercury's demise, South Carolina Ford-Lincoln dealer O.C. Welch had to find a way to replace lost revenue. He decided to load up on Super Duty pickups – and sell them online. Mon., June 17» Watch the Video |
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