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News By Topic: China Auto News

Tengzhong May Finalize Hummer Deal Today

Tengzhong May Finalize Hummer Deal Today

SHANGHAI, Oct 9, 2009; Fang Yan and Edmund Klamann writing for Reuters reported that China's Tengzhong may finalise a deal with General Motors Co [GM.UL] on Friday to acquire the U.S. automaker's Hummer business for about $150 million, a source familiar with the deal said. "GM and Tengzhong may close the deal as early ... Continue reading

Honda China JV recalls 9,464 Accords over airbag defects

Honda China JV recalls 9,464 Accords over airbag defects

Honda China JV recalls 9,464 Accords over airbag defects http://autonews.gasgoo.com/auto-news/1012381/Honda-China-JV-recalls-9-4 64-Ac cords-over-airbag-defects.html Shanghai, September 29 (Gasgoo.com) Guangzhou Honda Automobile Co. Ltd, Honda Motor Co's Chinese joint venture with Guangzhou Automobile Industry Group Co ... Continue reading

Kia recalls Sportage SUVs in China on switch fault

Kia recalls Sportage SUVs in China on switch fault

Kia recalls Sportage SUVs in China on switch fault http://autonews.gasgoo.com/auto-news/1012363/Kia-recalls-Sportage-SUVs- in-Ch ina-on-switch-fault.html Shanghai, September 28 (Gasgoo.com) South Korean automaker Kia Motors Corp. today started to recall 235 imported Sportage SUVs in the Chinese market due to the vehicl ... Continue reading

Ford Motor Company Announces New Flexible Assembly Plant to Expand Production in China

Ford Motor Company Announces New Flexible Assembly Plant to Expand Production in China

DEARBORN, Mich., Sept. 24 -- -- Ford Motor Company's successful joint venture in China - Changan Ford Mazda Automobile (CFMA) - is building a new, state-of-the-art manufacturing facility in Chongqing, scheduled for completion in 2012 -- The significant investment, valued at $490 million (RMB 3.34 billion), underscores ... Continue reading

China's Wonder Auto Announces an Acquisition for $12 Million in Cash Transaction

China's Wonder Auto Announces an Acquisition for $12 Million in Cash Transaction

JINZHOU CITY, China, Sept. 23 /PRNewswire-Asia-FirstCall/ -- Wonder Auto Technology, Inc. , a leading manufacturer of automotive electrical parts, suspension products and engine accessories in China, today announced that one of its wholly-owned subsidiaries, Jinzhou Wanyou Mechanical Parts Co., Ltd, spent US$12 million ... Continue reading

3rd Ford China Plant On Boards

3rd Ford China Plant On Boards

SHANGHAI September 22, 2009; Fang Yan and Jacqueline Wong writing for Reuters reported that Ford Motor Co and its Chinese partner will announce plans on Friday for their third car manufacturing plant in China, where sales may soon outpace its existing capacity, an industry source said on Tuesday. Ford, which competes w ... Continue reading

SAIC in talks to buy GM's India plant

SAIC in talks to buy GM's India plant

SAIC in talks to buy GM's India plant - Source http://autonews.gasgoo.com/auto-news/1012116/SAIC-in-talks-to-buy-GM-s- India -plant-Source.html Shanghai, September 11 (Gasgoo.com) China's largest automaker SAIC Motor group is in initial talks with General Motors Co on buying one of its India plants to produce its Wulin ... Continue reading

Tengzhong's Hummer bid is trade, not investment

Tengzhong's Hummer bid is trade, not investment

Tengzhong's Hummer bid is trade, not investment http://autonews.gasgoo.com/auto-news/1012102/Tengzhong-s-Hummer-bid-is- trade -not-investment.html Shanghai, September 10 (Gasgoo.com) Chinese machinery maker Tengzhong's bid to acquire the Hummer brand from General Motors should be viewed as a trade in technology and not ... Continue reading

One More From Column A: Sweden's Koenigsegg and China's BAIC Agree On Saab Deal

One More From Column A: Sweden's Koenigsegg and China's BAIC Agree On Saab Deal

STOCKHOLM, Sept 9, 2009; Victoria Klesty writing for Reuters reported that State-run Beijing Automotive Industry Holdings will take a minority stake in Koenigsegg as part of the Swedish luxury carmaker's purchase of General Motors' [GM.UL] Saab unit, in the latest push by a Chinese auto firm to secure a global footprin ... Continue reading

Parent of China's Geely eyes bid for Volvo

Parent of China's Geely eyes bid for Volvo

SHANGHAI/HONG KONG September 8, 2009; Fang Yan and Jacqueline Wong writing for Reuters reported that China's Geely Automotive said on Wednesday its parent wants to bid for Ford's Volvo Car Corp, becoming the latest Chinese firm to chase a foreign carmaker during a global industry overhaul. Geely's privately held parent ... Continue reading

Chery To Start Selling Electric Car Mid-2010

Chery To Start Selling Electric Car Mid-2010

Chery to start selling electric car S18 in mid-2010 http://autonews.gasgoo.com/auto-news/1012016/Chery-to-start-selling-ele ctric -car-S18-in-mid-2010.html Shanghai, September 3 (Gasgoo.com) Chery Auto, China's largest maker of own-brand cars, will start selling its first plug-in electric car model S18 around June, 201 ... Continue reading

BYD Says Buffett Wants to Raise Stake After Big Win

BYD Says Buffett Wants to Raise Stake After Big Win

BYD says Buffett wants to raise stake after big win http://autonews.gasgoo.com/auto-news/1011974/BYD-says-Buffett-wants-to- raise -stake-after-big-win.html Shanghai, August 31 (Gasgoo.com) After winning at least $1 billion from its initial investment, U.S. billionaire Warren Buffett intends to raise his stake in Chines ... Continue reading

Toyota China Recalling Almost 690,000 Cars

Toyota China Recalling Almost 690,000 Cars

BEIJING August 24, 2009; Marketwatch reported that Toyota Motor Co. is recalling 688,314 sedans in China due to a problem with the vehicles' electronic window control systems, China's quality regulator said Sunday. Electronic controls on the driver's side window may short circuit because an excessive amount of lubrican ... Continue reading

The New New Chrysler to make Jeep Compass in China

The New New Chrysler to make Jeep Compass in China

Chrysler to make Jeep Compass in China http://autonews.gasgoo.com/auto-news/1011833/Chrysler-to-make-Jeep-Comp ass-i n-China.html Shanghai, August 20 (Gasgoo.com) China's Guangzhou Auto, now a Chinese partner of Fiat Group, has signed a deal with the Italian automaker's newly acquired Chrysler Group to jointly produce ... Continue reading

Himfr.com Compares Mercedes-Benz SLK280 Against Audi TTR

Himfr.com Compares Mercedes-Benz SLK280 Against Audi TTR

Himfr.com, one of China's leading B2B search platforms with more than 30 B2B industry websites to its name, compares Mercedes-Bens SLK289 with the Audi TTR. Both positioned as entry-level sport cars, Himfr's analyst compares these top vehicles in all aspects, including the outlook, performance, as well as pricing. The ... Continue reading

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