Bay Area startup Atieva secures major backing from Chinese carmaker BAIC. The two companies plan a lineup of electric vehicles to challenge Tesla.
Touring car grids around the world have been growing at suitably rapid pace. The British Touring Car Championship has been fielding record numbers of entries, DTM and V8 Supercars both have more manufacturers participating than they have had in years, the Scandinavian Touring Car Championship has brought several national series together on one grid.... we could go on, but you get the point. And nothing illustrates that point quite like this pileup at this year's Macau Grand Prix.
The growing Chinese market is pushing some of the country's domestic automakers to look outside the People's Republic as a means of gaining prominence and influence across the globe. This has certainly been the case with Volvo, which was snapped up by Geely. More recent examples include Dongfeng and its investment in PSA Peugeot Citroën.
Daimler and Beijing Automotive are officially going steady, with the German company set to take a 12-percent stake in the Chinese brand tomorrow. The two are already tied up in a Mercedes engine plant in Beijing, of which BAIC will increase its stake in, from 50 to 51 percent. Daimler will also get two seats on the Chinese company's board. BAIC may also gain the ability to produce cars on Mercedes-Benz platforms, according to Automotive News Europe.
It looks like Beijing Automotive Industry Holding Corp. (BAIC), which was recently reported to be taking a look at unnamed European automakers for a potential acquisition, has come to this side of the Pond. The latest news is that BAIC is targeting extended-range plug-in vehicle maker Fisker Automotive for a possible buyout, Automotive News China reports, citing various Chinese media sources. BAIC executives visited Fisker's offices in Southern California last week, according to Automotive News
Beijing Automotive Group has said it plans to sell 400,000 units in markets outside of China by 2020. In order to accomplish this goal, the company intends to acquire a "medium-sized" European automaker with a good brand image for a takeover. Right now, Bloomberg indicates that BAIC has identified three unnamed potential candidates, and says that it wants to move while the European economy is still sluggish. Buying an existing automaker makes sense, as doing so will allow BAIC to hit the ground
BAIC has officially pulled the covers off of its new Senova D Series sedan for China. The four-door is based on the old Saab 9-5 and boasts a turbocharged 2.0-liter four-cylinder engine. Local buyers can get their hands on the machine for around $22,745 at current conversion rates. Other engine options include a turbocharged 1.8-liter four cylinder as well as turbocharged 2.3-liter four-cylinder, and a wide range of safety equipment comes standard on every trim except the very base model. Those
Chinese company BAIC showed up to the 2013 Shanghai Motor Show with a pair of concepts, the 500 (above) and 900 (right). And while we don't have much in the way of information about these vehicles from the People's Republic, they're still pretty neat and worthy of some attention.
You never know what you'll find cruising the halls of the Shanghai Motor Show. China Car Times has discovered a true oddity of automotive evolution – the Beijing Auto T60 Sedan. What's so curious about this particular four-door? As you may recall, BAIC recently got its hands on the old Saab 9-3 platform, and word on the web is that the automaker was itching to prove that it can hone aging bones into an attractive vehicle. The result is the T60. According to the Chinese automaker, the conce
It looks like Volvo and Saab won't be teaming up to create one Swedish carmaker to rule them all. According to Reuters, Volvo has made it clear that the company has had no talks with Saab about buying the besieged automaker and that none are scheduled to take place. The Swedish newspaper De Telegraf had previously reported that the Swedish government was urging Volvo into talks with Saab about a potential takeover. The move would mean that a government loan previously granted to Saab by the Euro
On Monday, Valeo, an automotive supplier that focuses on components designed to reduce a vehicle's CO2 emissions, and Beijing Automotive Industry Corporation (BAIC), presented a battery-powered demonstration car equipped with the latest electric-drive components to the Governor of Beijing, China.