25 Nov 2010, 09:21 UTC · By: Bogdan Popa / General Motors and SAIC are planning to open no less than 100 dealerships belonging to the Baojun brand in China in 2011, before the two companies will introduce the Baojun 630. Speaking to Reuters,...
25 Nov 2010, 08:25 UTC · By: Andrei Costea / As part of Ford's strategy to increase sales in the world's biggest automotive market, China, the company has inaugurated 40 new dealerships on Wednesday. Its goal is to have 100 new deale...
24 Nov 2010, 09:23 UTC · By: Mihnea Radu / Saab’s CEO, Jan Ake Jonsson, said his company might not bring a diesel version of the 9-4X model to the US. This comes as a result of high development costs and low chances to return a profit....
23 Nov 2010, 18:13 UTC · By: Andrei Costea / Shanghai officials have contracted Santa-Rosa based EV maker ZAP to provide charging stations, battery swap facilities and maintenance depots for the city's commercial Yangpu district.
ZAP w...
23 Nov 2010, 14:44 UTC · By: Mihnea Radu / Shanghai General Motors Co.’s auto sales might reach 1.02 million units, according to a report by the China Business News. This is mainly thanks to a strong demand for its brands' vehicle...
22 Nov 2010, 14:12 UTC · By: Andrei Costea / SAIC-GM-Wuling, one of GM China's main joint ventures yielded its first Baojun 630 passenger car today, from its manufacturing plant in Liuzhou, Guangxi.
Baojun is the joint venture's n...
22 Nov 2010, 11:09 UTC · By: Bogdan Popa / Ever since Spyker Cars became in charge of Saab's future, the Swedish manufacturer repeatedly tried to expand its business into new, yet unexplored markets and the first positive signs are now ...
18 Nov 2010, 15:33 UTC · By: Andrei Costea / SAIC Motor Corp. Ltd. announced today the acquiring of 15.15 million common shares in General Motors, representing a 0.97 percent stake, priced at US $500 million.
"This investment is made o...
18 Nov 2010, 13:42 UTC · By: Bogdan Popa / This were the exact words of Stefan Jacoby, president and chief executive office of Volvo Cars, when talking about the influence that the Chinese ownership might have on the Swedish iconic brand. Ta...
17 Nov 2010, 15:55 UTC · By: Bogdan Popa / It doesn't happen too often to hear such a thing, but a company involved in the automotive industry is ready to join forced with a more important player. We're talking about Fisker, who al...
17 Nov 2010, 14:37 UTC · By: Bogdan Popa / If you've been thinking that China is currently the fastest growing market only when it comes to the automotive industry, you're damn wrong. Because China continues to grow in almost every...
17 Nov 2010, 14:27 UTC · By: Bogdan Popa / As we all know by now, Volkswagen intends to become the world's number one carmaker in a few years so, in order to reach this highly-optimistic goal, it tries to take advantage of each major ma...
17 Nov 2010, 11:58 UTC · By: Andrei Costea / Only three months have passed since Zhejiang Geely Holding Group Co. President Li Shufu took ownership of the Swedish car brand Volvo and disagreements arose already. Li said he does not agree with ...
17 Nov 2010, 10:42 UTC · By: Bogdan Popa / Although most carmakers are quickly turning their attention towards China, one of the largest auto markets in the world, Nissan is yet to make a decision on bringing its all-electric Leaf in the cou...
16 Nov 2010, 10:15 UTC · By: Andrei Tutu / As China is now the world’s biggest automotive market, the carmakers are making efforts to cater for the country’s specific needs. Combine this with the concept of performance driving an...
15 Nov 2010, 15:17 UTC · By: Andrei Costea / Among the banks helping General Motors with its initial public stock offering next week are two identified by initials only: ICBC and CICC.
This is especially interesting to Americans who disagre...
10 Nov 2010, 15:13 UTC · By: Mihnea Radu / In October, a total of 1.2 million new cars were shipped to dealers across China. This marks a 27.1 percent rise over the 946,400 units sold in the same month of last year, according to China Associ...
10 Nov 2010, 10:49 UTC · By: Mihnea Radu / BMW seems to have its mind set on cornering the SUV market, with its rumored plans for a bigger X7 designed to become a player on the US market.
The company is counting on a speedy economic reco...
9 Nov 2010, 13:54 UTC · By: Bogdan Popa / Just like many other car companies, Jaguar Land Rover is looking into ways to expand its Chinese operations and the first step towards that goal is building a new plant in the country. And CEO Ralf ...
9 Nov 2010, 09:59 UTC · By: Bogdan Popa / There's no doubt China is one of the largest auto markets even during recession times and carmakers rushed to move their operations there in an effort to take the lion's share in a very cr...