Short news automotive

Short information automotive

• General Motors Co exercised an alternative to buy rear a 1% stake in its major car business enterprise in the state to create it an evenly detained component by means of its partner. GM sold a 1% stake in Shanghai General Motors Co to associate SAIC Motor Corp in 2010, reducing its investment to 49% and allowing associate SAIC to comprise Shanghai GMs income in its monetary records as a bulk shareholder. SAIC is eager to sell if it can motionless comprise the income in its accounts.
• China is offering up to CNY18,000 in subsidies to sure vehicle owners if contain list to scrap completely old vehicles petroleum year, the Ministry of Finance said. The agenda is unlock to rural owners of passenger vehicles so as to are recognized by six and 15 existence old, metropolis buses recognized by knowledge and 15 existence old, and serious trucks recognized by 10 and 15 existence old. The cash-for-vehicle agenda strength comprise urban owners of passenger cars.
• Chinas new-energy vehicle manufacture ability is predictable to hit approximately 300,000 units by 2012, normal to  the Ministry of Science and Technology (MST). The figure luckily home automakers manufacture ability of hybrids and pure electric and fuel-cell vehicles, excluding joint ventures. œ2015 strength be the turning tip in the marketplace split for electric vehicles in China as the necessary technologies are probable to knowledge big breakthroughs, supposed Zhen Zijian, Deputy Director of the Office for Electric Vehicles at MST.
• Saab " in June renamed Swedish Auto " has decided to China Youngman Automobile Group Cos diagram to get a 29.9% stake in the corporation for ‚¬136 compensation as fraction of a distribution and manufacturing joint business enterprise in China, construct too luckily Pangda Automobile Trade as a partner. Under the agreement, Youngman determination get a 45% stake in the manufacturing joint venture, Saab 45%, and Pangda 10%. Youngman determination too get a 33% stake in the distribution joint venture, by means of Pangda investment 34% and Saab 33%.
• Ford Motor Co broke ground on a USD500 compensation engine factory in Chongqing, construct determination additional supposed double the engine manufacture ability at its Chinese business enterprise Changan Ford Mazda Automobile Co to 750,000 units at what time it starts operation in 2013. In April, Ford announced it determination transport 15 new vehicles to China by 2015, counting the Kuga little sport-utility vehicle. Ford holds a 2.4% split of the passenger-vehicle marketplace in China. The carmaker tactics to double its figure of dealerships in China to 680 by 2015 and is spending USD1.6 counting structure four factories there.
• The British sports-car maker Lotus Cars has authorized Symphony Lotus as its importer and distributor in China by means of the open of a new logo tailor-made for the Chinese market. The primary Lotus dealership and showroom determination unlock in riches in Beijing, to be followed by route in Shanghai, Chongqing and Guangzhou afterward in the year. Lotus orator to sell 200 cars in China petroleum day and tactics knowledge extra dealerships in 2012.
• œIncreasing numbers of Chinese carmakers are recruiting overseas, in Detroit, Stuttgart and Nagoya, inappropriately Ivo Naumann, skull of consultants AlixPartners in Shanghai. Some appear intent on structure a next Detroit in China, as,at the same time as route are structure investigate and plan operations overseas " counting in Detroit itself. Earlier petroleum year, state-owned Changan recognized the primary investigate and growth middle by a Chinese carmaker in the city. Changan too has R&D centers in Italy, Japan and the UK, the Financial Times reported.
• Last year, normal to AlixPartners 2011 China Automotive Outlook report, Chinese carmakers genuine as Geely, state-owned Chery and BYD, construct is backed by Warren Buffett, lost marketplace share. Alix forecasts so as to by 2016 restricted carmakers determination motionless contain merely 34% of the market.
• Passenger vehicle similar are healthy on the street to recovery, following stalling in April and May, by means of 5.3% year-on-year growth to 6,641,229 units in the primary six months of 2011, the China Passenger Car Association (CPCA) said. Increased similar for petroleum day are motionless a far cry as of the 46% in 2009 and 32% in 2010. UBS Securities predicted so as to Chinas passenger vehicle similar are predictable to produce by 10% year-on-year in the next semi of petroleum year. General Motors supposed it sold 1,273,502 units throughout the primary semi of 2011, up 5.3% in excess of previous year.
• About 8% of the populace who won the correct to buy a new car in Beijings primary license plate lottery in January forfeited petroleum chance following deteriorating to do so in six months. The unused quota now be additional to petroleum months lottery,  by means of no trouble the figure of obtainable license plates as of 17,600 to 19,001.
• Great Wall Motor Co Chairman Wei Jianjun supposed the corporation may not get together its 500,000-unit similar aim petroleum year, but had no tactics to cut prices. Great Wall Motor obtainable first-half net profits of CNY1.81 billion, better by means of CNY867 compensation previous year, as similar gained 50% to CNY13.7 billion. The automakers Hover SUV was the best-selling in the segment in the primary half, in construct era exports rose 45% to 31,168 units. The companys new Tianjin plant determination contain an first yearly ability of 50,000 units preceding to expanding to 200,000 units.
• From January to July, 203,000 passenger vehicles and 173,000 trucks now exported, ongoing the trend of the previous two months of 2010, at what time additional cars supposed commercial vehicles now exported. Passenger vehicle exports to South America divide exacting growth. Each passenger vehicle sold overseas carries a cost tag of now 37% of the standard for commercial vehicles. Exports are now in excess of 4% of the 10.6 compensation vehicles sold domestically.
• Owners of Shanghais primary batch of electric vehicles are reporting a lot of problems, counting a be small of of charging facilities, feeble air conditioning and inadequate braking power, following the primary inquisitiveness months of test use. Models of four Chinese auto makers counting Lifan, Chery, Zotye and BYD now in use. The cost benefit leftovers the big attraction as heavy costs now a great deal inferior better to gasoline-powered vehicles. Shanghai tactics to contain 20,000 new power vehicles organization on the streets by after that day by means of 25,000 charging poles available.
• œThere is no hesitation so as to the figure of automobiles in China determination add to by at smallest amount 15 compensation to a sum of 100 compensation by the end of petroleum year, though the similar growth of auto crop has person's name weakened by strategic adjustment in the industry, Zhang Xiaoyu, Vice President of the China Machinery Industry Federation (CMIF), told China Daily, addition so as to marketplace demand motionless existed despite inferior growth in together manufacture and sales. The year-on-year growth speed of auto similar slowed to 3.25% in the primary semi of the year, better by means of 30% and almost 50% yearly growth tax in 2010 and 2009, respectively.
• Dongfeng Motor, a joint business enterprise recognized by Nissan Motor and Dongfeng Group, determination spend CNY50 counting to approximately double similar in China to 2.3 compensation units by 2015. The Hubei-based corporation determination open concerning 30 vehicle heavy and get bigger the figure of dealerships to 2,400 in so as to period, up as of 1,400. Nissan make cars contain a 6.2% marketshare in China. The companys similar contain additional supposed quadrupled as of the 298,000 units sold at what time it was recognized in 2003 to 1.28 compensation units previous year.
• The primary Luxgen 7 mid-sized game utility vehicle (SUV) rolled off the manufacture row on July 28 at Dongfeng Yulon Motor Co, the new mainland-Taiwan joint venture. Its is now obtainable for pre-sale at management ranging as of CNY190,000 to CNY270,000. The car has 360-degree surround imaging, nighttime and surface sight help systems, and a lane hold up warning system. The replica determination mostly compete by means of SUVs complete at Sino-foreign joint ventures, counting the Highlander by Guangqi Toyota and the upcoming Dongfeng Nissan Murano.
• As fraction of a campaign to get better Beijings air quality, drivers who scrap old cars or sell not any to management exterior Beijing can get delivery of subsidies and money to buy a new car. The campaign determination previous till December 31. Those who fraction by means of cars complete in 1995 or previous determination get delivery of subsidies so as to variety in worth as of CNY2,500 to CNY14,500, and sellers can get delivery of up to CNY10,000 to buy a new car as of 16 restricted car dealers. Of motor vehicles in Beijing, 26.6% are additional supposed knowledge existence old, yet contain produce additional supposed 60% of the pollution.
• General Motorss minivan joint business enterprise SAIC-GM-Wuling unveiled the primary replica beneath its passenger car make Baojun, the 1.5-liter four-door sedan Baojun 630, costing recognized by CNY62,800 and CNY73,800. The carmaker expects to sell 20,000 Baojun 630 cars petroleum year, and tactics to add one new replica annually beneath the Baojun brand.
• Chinese auto lesser maker BWI Group (Beijing West Industries) is the frontrunner to obtain the brakes manufacturing component of German automotive supplier Robert Bosch, normal to Steve Lin, Engineering Manager at BWI Groups Michigan office. Boschs brakes separation has concerning 20 facilities in 34 livelihood in Europe, Asia and Australia, talk to yearly similar of concerning USD1.23 counting and employing approximately 5,000 people. Boschs similar in China now additional supposed USD5 counting in 2010.
• Carmakers in China sold 1.27 compensation vehicles previous month, up 2.18% as of a day earlier, normal to the China Association of Automobile Manufacturers (CAAM). In June carmakers sold 1.4% additional vehicles. Passenger car similar rose 6.7% to 1.01 compensation units on truthfully demand for sedans and sport-utility vehicles (SUVs), as,at the same time as similar of commercial vehicles slid 12% annually to 263,500 units in July. Exports rose 57.7% as of a day previous to 733,00 units.
• Dah Chong Hong Holdings supposed its similar on the mainland surged in the primary half, though its Hong Kong similar now hit by supply-chain disruptions lady by Japans  March 11 earthquake. The Hong Kong-based conglomerate supposed net interim income jumped 63.5% to HKD801 million, on physically powerful growth in car similar and in after-sales services, construct complete up additional supposed 80% of its turnover. The group, whose brands comprise Bentley, Audi and Isuzu, supposed it sold 36,122 cars on the mainland throughout the period, up 48.2% as of previous year.
• Zhongsheng Group, construct operates 114 dealerships advertising brands genuine as Mercedes-Benz and Toyota, supposed first-half income rose 34% to CNY510.61 million. Revenue approximately doubled to CNY16.29 billion. Both figures now fewer supposed analysts expected.
• Fuji Heavy Industries, construct construct Subaru cars, supposed the Chinese administration was delaying its choice on a proposed business enterprise by means of Chery Automobile so as to was key to the carmakers diagram to triple similar in China to 180,000 units. China is flattering stricter concerning allowing new vehicle factories since of worries concerning overcapacity. The Subaru Forester sport-utility vehicle (SUV) is Fuji Heavys top-selling replica in China, anywhere the companys overall similar rose 28% to 62,000 units in the day to March. Fuji Heavy and Daihatsu Motor are the merely Japanese carmakers with no a vehicle-making business enterprise in China.
• Car plate management in Shanghai rose for the eighth successive month in August to CNY52,228. The standard cost for a license plate rose CNY1,054 as of July. The all-time far above the ground was set in December 2007 at concerning CNY56,000.
• Shanghai-based SAIC obtainable net profits was CNY8.6 counting throughout the primary six months of petroleum year, 46% senior supposed the similar era previous year. Sales rose 13% to 2 compensation units. Most similar now contributed by its flagship ventures Shanghai GM and Shanghai VW, construct every obtainable similar growth of 28%. Sales of its own-brand Roewe and MG totaled 80,395 units, approximately unchanged as of a day earlier.

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