China H1 Auto Sales Increase 36.5% Surpasses US Auto Market
Jul 9, 2009
BEIJING July 9, 2009; Joe Mcdonald writing for the AP reported that China surpassed the United States as the world's biggest auto market for the first half of 2009 after June sales soared 36.5 percent from a year earlier, according to data reported Thursday. China's vehicle sales in June rose to 1.14 million, the secon ... Continue reading
Beijing Auto plans to build Opel factory in China
Jul 7, 2009
Beijing Auto plans to build Opel factory in China http://autonews.gasgoo.com/auto-news/1011207/Beijing-Auto-plans-to-buil d-Ope l-factory-in-China.html Shanghai, July 7 (Gasgoo.com) In a detailed bid it submitted last week for GM's Opel, Beijing Auto outlined a plan to spend $2 billion setting up Opel's first factory i ... Continue reading
GM China to Continue Operations Under New GM
Jul 7, 2009
GM China to continue operations under new GM Shanghai, July 7 GM China Group said in a statement on Monday that an U.S. Bankruptcy Judge has approved the sale of GM's assets to a government funded new GM, allowing the company's most profitable assets to exit bankruptcy protection under government ownership. Robert Gerb ... Continue reading
Fiat (Chrysler) and Chinese Carmaker Form Alliance
Jul 7, 2009
Washington DC July 7, 2009; The AIADA newsletter reported that the Fiat Group announced a 50-50 joint venture on Monday with the Guangzhou Automobile Group to make cars and engines for the Chinese market, the latest move by the Italian automaker to expand outside its home market. According to the New York Times, the co ... Continue reading
China to sell 200,000 EVs in coming few years
Jul 1, 2009
China to sell 200,000 EVs in coming few years http://autonews.gasgoo.com/auto-news/1011126/China-to-sell-200-000-EVs- in-co ming-few-years.html Shanghai, July 1 (Gasgoo.com) Global business consulting firm Bain & Company has recently published an electric vehicle (EV) survey report, which estimates that electric vehicl ... Continue reading
Jaguar-Land Rover Drives Tata Motors to First Annual Loss in Eight Years
Jun 26, 2009
Consolidated Revenue in 2008-09 Rs. 70938.85 crores, Loss after Tax Rs. 2505.25 crores MUMBAI - June 26, 2009: Tata Motors today reported consolidated gross revenue of Rs.74151.21 crores in 2008-09. The consolidated financial performance of the company is not comparable to 2007-08 on account of the acquisition of Jagua ... Continue reading
Report: Says China Likely to Reject Hummer Acquisition
Jun 26, 2009
BEIJING June 26, 2009; Joe McDonald writing for the AP reported that China's planning agency is likely to reject a Chinese company's bid to acquire General Motors Corp.'s Hummer unit, in part because its gas-guzzling vehicles conflict with Beijing's conservation goals, state radio reported. The National Development and ... Continue reading
Tengzhong, GM to Seal Hummer Deal June 28th ...Although Reuters Says Otherwise - VIDEO ENHANCED
Jun 25, 2009
Shanghai, June 25 Sichuan Tengzhong Heavy Industrial Machinery Co. will sign a formal deal with General Motors Corp on June 28 in the U.S. to acquire GM's Hummer brand, sina.com said yesterday. Insider sources told the Chinese web portal that China's top economy planner and commerce ministry are very likely to approve ... Continue reading
Freshened Mazda Biante on Sale in Japan
Jun 25, 2009
HIROSHIMA - June 25, 2009: Mazda Motor Corporation has commenced sales of the freshened Mazda Biante range for the Japanese market. Mazda's updated, mid-sized tall âhigh-roofâ minivan goes on sale today at all Mazda, Mazda Autozam and Mazda Anfini dealerships throughout Japan. Manufacturerâs suggested re ... Continue reading
Buick Unveils 2010 LaCrosse in Live Internet eVent - COMPLETE VIDEO
Jun 22, 2009
DETROIT - June 22, 2009: Buick is conducting an innovative LIVE Internet introduction for the media of it's new 2010 LaCrosse. TheAutoChannel.com will be presenting the information for all interested persons as fast as we can. Click on the following videos for background information on the 2010 LaCrosse. ... Continue reading
Ford to Move Asia Headquarters to China
Jun 19, 2009
Ford to move Asia headquarters to China http://autonews.gasgoo.com/auto-news/1010955/Ford-to-move-Asia-headquar ters- to-China.html Shanghai, June 19 (Gasgoo.com) Ford Motor Co. confirmed yesterday that it will move its headquarters for the Asia, Pacific and Africa regional headquarters to China from Thailand, xinhuane ... Continue reading
Electric Cars to be Made in China Based on Detroit Electric Drive Technologies
Jun 19, 2009
-------------------------------------------------------------- ------------------ Dongfeng Motor Corporation and Detroit Electric Holdings Ltd announced today the two companies have agreed to jointly research, develop, market and sell Pure Electric Vehicles (PEVs) in China, based on Detroit Electricâs advanced ele ... Continue reading
Kia Motors Launches Locally-Manufactured Forte in China
Jun 18, 2009
Kia Motors launches locally-manufactured Forte in China - Kia to leverage locally-built Forte to foster premium image and strengthen brand presence in Chinese market - Marketing activities include road shows, test drives and dynamic showrooms to best C-segment competitors ( - Kia Motors' latest addition to its extensiv ... Continue reading
Chery to Fund New-Energy Vehicles, Opens 4th Plant
Jun 12, 2009
Chery Automobile Co, one of China's largest independent carmakers, said it would use the 2.9 billion yuan ($425 million) capital it raised from domestic investors to fund development of heavy trucks, new energy vehicles along with a fourth production plant project, China Knowledge online reported. Chery spokesman Jin Y ... Continue reading
Hong Kong to trial-run BYD 3DM plug-in hybrid
Jun 12, 2009
Hong Kong to trial-run BYD 3DM plug-in hybrid http://autonews.gasgoo.com/auto-news/1010872/Hong-Kong-to-trial-run-BYD -3DM- plug-in-hybrid.html Shanghai, June 12 (Gasgoo.com) Hong Hong's environment bureau top official today (June 12) participated in a promotional activity on clean fuel vehicles in neighboring southern ... Continue reading
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