SAICVolkswagen 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 »
VW-brand China sales rise 12.9% in MarchApril 10, 2013 14:11 CET  Volkswagen-brand sales in China increased 12.9 percent to 206,800 units in March, cementing China's status as the automaker's key growth market.... Read More »
SUPPLIERS SAIC unit aims to buy JCI's electronics business, report saysApril 8, 2013 06:01 CET  An automotive supplier majority owned by China's SAIC Motor Corp. is in talks with Johnson Controls Inc. about acquiring the U.S. supplier's electronics business, a daily Chinese business newspaper reports.... Read More »
China is 10 years from fielding global, competitive automakers, report saysFeb. 23, 2013 06:01 CET  Chinese automakers are about a decade away from being globally competitive and will have to increase their spending on research and development to close the gap, a report said. GM, VW and Toyota are outspending Chinese brands on r&d and lead in engineering, said Bernstein analyst Max Warburton.... Read More »
China is 10 years from fielding global, competitive automakers, report says 11:04 am U.S. ET | Feb. 22, 2013  Chinese automakers are about a decade away from being globally competitive and will have to increase their spending on research and development to close the gap, according to Sanford C. Bernstein & Co.... Read More »
GM planning deals in China to reach 5 million sales goal, report says 4:14 pm U.S. ET | Feb. 5, 2013  The Chinese auto industry is overdue for consolidation and General Motors, with local partner SAIC, is interested in acquiring ailing automakers, people familiar with the companies’ thinking told Bloomberg.... Read More »
GM replots emerging market strategy, hedges on China partner 9:09 am U.S. ET | Jan. 27, 2013  GM is reconsidering its emerging-market strategy, CEO Dan Akerson says, in remarks that could dent the global ambitions of its Chinese partner, SAIC Motor. GM has indicated for three years now that it would use SAIC, which produces affordable no-frills cars in joint ventures with GM, as its ideal partner to expand in emerging markets. But in recent months, GM has been looking to partner with Peugeot Citroen in Europe but also in Russia and Latin America.... Read More »
China's SAIC plans to build MG cars in Thailand with local partnerDec. 7, 2012 14:19 CET  China's SAIC plans to set up an assembly plant in Thailand with the local Charoen Pokphand Group to build MG cars for sale in Southeast Asia. The two companies will initially invest 1.8 billion yuan ($289 million) in the joint venture ahead of planned car sales in 2014.... Read More »
GM, Ford monthly sales rise in China on strong car demand 10:07 am U.S. ET | Dec. 6, 2012  General Motors and its joint ventures sold 260,018 vehicles in China in November, up 10 percent year-over-year, the company said in a statement today. It was GM's best November ever and second-best month all-time in China, its largest market.... Read More »
GM's Chinese joint venture to build $1 billion plant in Chongqing 9:24 am U.S. ET | Nov. 28, 2012  General Motors and its Chinese joint-venture partners said today they plan to build a $1 billion auto assembly plant in the city of Chongqing as part of its push to remain the leader in the world's largest auto market.... Read More »
Europe uncertainty forces VW to shorten time period for investment planNov. 23, 2012 12:19 CET  VW Group will spend 50.2 billion euros ($64.3 billion) in its automotive division over the next three years, shortening its investment calendar from the usual five years as market uncertainty in Europe makes long-term planning more difficult.... Read More »
MG aims to copy Kia to rise again in EuropeNov. 22, 2012 13:00 CET  Despite numerous stumbles, Chinese-owned British brand MG Motor aims to match Kia's quick rise in Europe by also focusing on design. “In terms of product and competitiveness I'd say we're not very far away [from Kia] already,” MG vice director of design Martin Uhlarik said. “In five years we'll be well on our way.”... Read More »
GM's Chinese partner predicts sales to outpace industry in 2013Nov. 16, 2012 06:01 CET  SAIC Motor, the Chinese partner of GM and VW, said its vehicle sales growth will outpace the industry in 2013, driven by an improving economy and buyers shunning Japanese brands.... Read More »
GM, aiming to remain market leader, opens China's biggest proving ground 10:46 am U.S. ET | Sept. 22, 2012 GM opened a new, large vehicle test track west of Shanghai on Saturday as part of its push to retain its leading market share in the world's largest auto market.... Read More »
China's SAIC names new European design center bossSept. 20, 2012 10:24 CET  China's Shanghai Automotive Industry Corporation (SAIC) has appointed former Nissan designer Martin Uhlarik as head of its European design center. SAIC is investing $2.42 million to double the size of the studio in Longbridge, central England.... Read More »
SAIC opens N.A. office 12:01 am U.S. ET | July 2, 2012 Shanghai Automotive Industry Corp., China's largest automaker and a key local joint-venture partner of General Motors, opened a North American nerve center in Michigan on June 12 as it deepens its roots in the U.S. auto market.... Read More »
Chinese automaker SAIC opens N.A. office in Michigan 9:42 am U.S. ET | June 28, 2012  SAIC, China’s largest automaker and a key local joint venture partner of General Motors, opened a North American office in Michigan on June 12 as it deepens its roots in the United States.... Read More »
Fiat returns to China carmaking with Guangzhou Auto ventureJune 28, 2012 10:49 CET  Fiat, with two failed partnerships in China, has returned to manufacturing cars in the world's largest vehicle market as the Italian automaker plays catch-up amid a slump in European demand.... Read More »
2012 ANE CONGRESS BMW tops in supplier relations, survey saysJune 21, 2012 16:00 CET  BMW edged Porsche to finish No. 1 in the eyes of partsmakers in a new study on automaker-supplier relations. BMW finished on top with 617 out of a total 1,000 points in the 2012 Supplier Relationship (SuRe) index -- a ranking of 28 global automakers done by suppliers. The results were part of the 8th annual Automotive News Europe/IHS Automotive OEM-Supplier Relations Survey.... Read More »
GM venture building 4th China plant 12:01 am U.S. ET | June 18, 2012 Vehicle sales in China have slowed in the past two years, but Shanghai General Motors Co. is counting on long-term growth as it begins construction of a fourth assembly plant.... Read More »
GM China sales gain 21% in May on minivans, Chevrolet demand 7:35 am U.S. ET | June 5, 2012  General Motors said vehicle sales in China last month increased 21 percent, boosted by demand for its Wuling minivan and Chevrolet sedans.... Read More »
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