China

Daimler predicts profit rise on boost from China

April 1, 2015 10:49 CET

Daimler predicted higher profit this year, lifted by stronger demand in China, where first-time buyers often opt for an upscale car. The company targets a 9 percent return on sales after generating a margin of 7.8 percent in 2014....
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Faurecia forms joint venture with China's Dongfeng

March 31, 2015 11:26 CET

Faurecia has agreed to form a joint venture with Dongfeng Motor to help increase its presence in the world's biggest car market. Faurecia is majority-owned by PSA/Peugeot-Citroen. Dongfeng has a 14 percent stake in PSA....
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ChemChina hopes to re-list Pirelli in Italy; says counterbid will hurt investors

March 30, 2015 09:14 CET

The chairman of China National Chemical Corp. (ChemChina), Ren Jianxin, said he hopes to re-list Italy's Pirelli on the Italian stock exchange. A counterbid for Pirelli would hurt the Italian firm's investors and long-term strategy, he warned....
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KEITH CRAIN

When will next shoe drop in China?

12:01 am U.S. ET | March 30, 2015

Many people are convinced that when the time comes -- and it might be tomorrow, next year or in a decade -- foreign companies in China will be nationalized....
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Tesla reboots in China as range anxiety, customs crimp sales

12:34 pm U.S. ET | March 29, 2015

Tesla is rushing to expand its network of charging stations across China to assuage range anxiety, add luxury features that suit local tastes and retrain a sales force that CEO Elon Musk previously described as "brain-dead."...
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Pirelli CEO sees strong future with ChemChina, no talks on counterbid

March 27, 2015 12:07 CET

Pirelli has a strong future with China National Chemical Corp. and is not talking to others about a possible counterbid, CEO Marco Tronchetti Provera said. ChemChina agreed to become the majority owner of the world's fifth-largest tire maker in an $8 billion deal. The market speculated that Bridgestone could be putting together a counterbid....
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Volvo appoints Europe boss as part of global reorganization

March 24, 2015 11:43 CET

Volvo named Anders Gustafsson as head of Europe, Middle East and Africa, one of three global business regions that also include new divisions for the Americas and Asia....
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Mercedes begins output of GLA engines in China

March 24, 2015 12:28 CET

Mercedes has added production of engines for the GLA compact crossover at its powertrain plant in Beijing. The automaker has now localized all engine production for the three models it produces locally with partner Beijing Automotive, that also include the C class and E class....
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Ford poised to surpass Hyundai in China capacity with new plant

3:06 pm U.S. ET | March 23, 2015

Ford will open its fourth passenger-car assembly plant in China today as part of a $4.9 billion expansion drive, putting it on track to overtake Hyundai in the world’s largest auto market....
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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....
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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....
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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....
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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....
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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....
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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....
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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....
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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....
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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....
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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....
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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....
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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....
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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....
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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....
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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....
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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....
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