Clik here to view.
Chinese Buyers Pledge $850M in Long Term Saab Funding
After much back and forth over the past months between Swedish Automaker Saab and Chinese suitors Pang Da Automobile Trade Co. and Zhejiang Youngman Lotus Automobile Co., it seems like funding for...
View ArticleClik here to view.
IndyCar Will Hold A Race In China For Next Season
The IZOD IndyCar Series will be brought to China for the first time in a race scheduled on August 19, 2012. Held in Qingdao, China, located between Beijing and Shanghai, this coastal city has...
View ArticleClik here to view.
Daimler, BYD to Preview Electric Vehicle Prototype At 2012 Beijing Auto Show
Last year, Germany’s Daimler AG and the Chinese BYD Auto have formed a 50-50 joint R&D venture called “Shenzhen BYD Daimler New Technology Co. Ltd.” to pursue a new brand that will focus on the...
View ArticleClik here to view.
Youngman Extends Another Bid For Saab
Just when it seemed Saab would be gone from news headlines for good, Youngman swooped in again to make a bid. Apparently the company hasn’t given up on getting Saab back up and running. According to...
View ArticleClik here to view.
Lotus Owner Seeks Chinese Buyer for Brand: British MP Says
Lotus‘ Malaysian owner DRB-Hicom is seking a Chinese buyer for the brand as recently as last night, flying in the face of information included in the automaker’s much-publicized “rant” press release...
View ArticleClik here to view.
Volvo XC90 to Become New Chinese Flagship
Volvo’s aging XC90 is becoming a hand-me-down to Chinese luxury buyers as the automaker signs it over to its parent company Geely. While the compact SUV is looking more and more dated in this market,...
View ArticleClik here to view.
Qoros is Chinese Automaker Aimed at Euro Market Spy Photos
You’re not alone if you haven’t heard the name Qoros before, that’s because its a newly-formed subsidiary to Chinese automaker Chery. Our photographers snagged a few spy photos featuring one of the...
View ArticleClik here to view.
Toyota Yaris With Lexus-Style Spindle-Grille Spotted in Chinese Diagrams
These photos of an aggressive-looking three-door Toyota Yaris have just surfaced in the Chinese media. While the images appear to be patent drawings, the actual origin and purpose of the photos is...
View ArticleClik here to view.
Johnson Controls Appealing A123 Sale to Wanxiang
Johnson Controls, the sole American bidder to U.S. battery maker A123, is appealing the company’s sale to Chinese firm Wanxiang Group. “We appreciated the opportunity to serve as stalking horse, which...
View ArticleClik here to view.
Daimler Increases Investment in Chinese Market
Still soldiering toward its goal to regain the world’s top luxury automaker title, Daimler paid 640 million euros for a 12 percent stake in Beijing Automotive Group today. As industry-wide sales...
View ArticleClik here to view.
Chinese Automakers a Decade Away from Being Global: Report
Despite having made impressive jumps in recent years, the Chinese automotive industry is believed to still be a decade away from being globally competitive. According to research firm Sanford C....
View ArticleClik here to view.
Ex-Porsche Designer to Refine Chinese Car Brand
Chinese automaker Chery wants to style its cars like the Germans and hopes former Porsche designer Hakan Saracoglu will be able to help. One of several designers from European car companies to be...
View ArticleClik here to view.
BMW Demand in China to Surpass US in 2013
BMW expects demand for its vehicles in China to outstrip U.S. demand this year. That’s already the case through the first six months, with U.S. deliveries falling behind the massive Asian country....
View ArticleClik here to view.
Volvo, Geely Begin Work on New Modular Platform
Volvo and Geely announced today that a new research and development center is operating and has begun work on developing a new modular architecture to be shared between the companies. This is a...
View ArticleClik here to view.
Dongfeng Might Buy Big Stake in PSA
Chinese automaker Dongfeng Motor Corporation is reportedly planning to take a 30 percent stake in PSA/Peugeot-Citroen. Doing that would make the Chinese company, which already has ties to PSA, its...
View ArticleClik here to view.
Saab 9-3 to Start Trickling from Trollhattan on Monday
Saab will resume production of the 9-3 on Monday at its Trollhattan, Sweden facility. The company’s long road to temporary ruin came to a head almost exactly two years ago when it was forced to file...
View ArticleClik here to view.
PSA and Dongfeng Agree to Alliance
PSA Peugeot Citroen and Dongfeng Motor Group have agreed on the main terms of an alliance that will be backed by a $4.1 to $5.5 billion capital injection for the French automaker. The two companies...
View ArticleClik here to view.
Peugeot gets $1.1B Investment from Dongfeng
Peugeot PSA Citroen will get a three-billion Euro injection backed in part by Chinese stakeholder Dongfeng. Dongfeng has agreed to contribute $1.1 billion for a stake in the French automaker and the...
View ArticleClik here to view.
Chinese Car-Buyers Prefer Foreign Automotive Brands
China is the wild, wild east of the automotive industry. Home to more than 1 billion people and counting, it’s a hugely important market for car companies. There are many domestic brands over there...
View ArticleClik here to view.
Fisker’s Chinese Backer Wants Second Model
For Wanxiang, job one at Fisker is fixing roughly 250 bugs with the Karma luxury car before production can resume. After that, the goal is to launch a second model. Wanxiang chairman Lu Guanqiu told...
View Article
