Smart Car Look-alike Shuanghuan Noble AMT To Go On Sale in China This Summer

SHANGHAI - January 8, 2008:

Shuanghuan Automobile Co. Ltd will start to sell Noble 1.1L AMT (automatic mechanical transmission) this August, Chinese media reported. Citing sources from a Shuanghuan authorized dealer, auto industry website Cheshi.com.cn reported that the Noble AMT model will be priced lower than 56,000 yuan ($ 7,677), some 10,000 yuan higher than the current Noble 1.1L MT model.

Beside Shuanghuan Noble AMT, Chery Automobile has also launched a QQ3 AMT model, which transmission is provided by Fiat's component unit Magneti Marelli. The two models will compete directly in China's mini car segment.

Last October Shuanghuan announced to sell its 1.1-liter Noble in Europe, which will be priced above 9,000 euros (95,612 yuan) in Italy. Daimler AG accused Shuanghuan Nobel of plagiarizing its Smart ForTwo, while Shuanghuan denied the accusation.

For more information about the burgeoning auto industry in China please visit http://www.gasgoo.com/Autobiz/list/7/China-News.html