Autoblog

China's Great Wall aiming to sell vehicles in US around 2015

Chris Paukert — Wed, 24 Apr 2013 17:29:00 EST

Filed under: SUV, Truck, China, Plants/Manufacturing

Stop us if you've heard this one before: "The Chinese are coming." According to Automotive News, Great Wall Motor Co. plans to sell its vehicles in the US by around 2015. The Chinese automaker has been researching its planned expansion for the last two years, looking at everything from regulatory hurdles to establishing a dealer network, as well as customer needs and wants.

Although it isn't immediately clear what models the company plans to market here in the US, it is apparently looking at establishing a factory stateside. The company currently sells its wares in 76 countries and regions around the globe, but has yet to attempt to crack the US or Canada. Great Wall may be China's largest purveyor of SUVs, but it has a full lineup of models to choose from - it brought 26 vehicles to last weekend's press day for the Shanghai Motor Show, including a stand-alone section for its Haval brand of SUVs.

Of course, the Asian nation's automakers have been promising to bring their vehicles to the US market for years now, but to date, not one has made a full-fledged effort. Not Chery, not Changfeng, not anybody. At the moment, the only Chinese-built cars sold in North America are Honda Fit models, and they are only available in Canada (however, General Motors recently opened the door to importing their own Chinese-built models).

Having said all that, Great Wall is one of China's most respected and most financially established automakers, and it has a lot of experience building factories in other markets (admittedly mostly knock-down plants), as well as exporting vehicles. It seems all but inevitable that Chinese automakers will eventually offer vehicles to US consumers in real volume, but for the moment, there's still a lot of debate about how quickly that reality will set in. To wit, a recent study by Bernstein Research suggested that Chinese automakers still have a decade or more of development before they will be able to field globally competitive products.

China's Great Wall aiming to sell vehicles in US around 2015 originally appeared on Autoblog on Wed, 24 Apr 2013 17:29:00 EST. Please see our terms for use of feeds.

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China still 10 years away from globally competitive car company

Zach Bowman — Mon, 25 Feb 2013 16:29:00 EST

Filed under: China, Chery, Geely

It may be a spell before Chinese automakers are capable of turning out a globally competitive vehicle. That's the findings of a sprawling 200 page report by Bernstein Research. The group went through the trouble of purchasing two Chinese-made cars, importing them to Europe and disassembling them down to every last nut and bolt. The study also included in-depth interviews with CEOs at each of the major manufacturers, including Great Wall, Chery, Brilliance and SAIC among others. Researchers found that by and large, global partners aren't holding up their end of joint venture deals, with the vast majority of foreign automakers seemingly not taking the Chinese market seriously.

The one exception to that rule, according to Bernstein, is General Motors and SAIC. GM has pumped a staggering amount of cash into China, and as a result, SAIC seems leagues ahead of its peers on the design and engineering front. Speaking of engineering, the study found most Chinese cars to simply be reverse-engineered examples of foreign models, with the Toyota Corolla being the most popular. That's due in part to the fact that Chinese automakers spend $100 million a year on research and development on average. For comparison's sake, a company like Volkswagen or Toyota spends closer to $1 billion. The Truth About Cars has a closer look at the report's contents. You can find that writeup here.

China still 10 years away from globally competitive car company originally appeared on Autoblog on Mon, 25 Feb 2013 16:29:00 EST. Please see our terms for use of feeds.

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Qoros brand debuting in Geneva with 3 Sedan, two concepts

Jeffrey N. Ross — Sun, 17 Feb 2013 17:00:00 EST

Filed under: Concept Cars, Sedan, Wagon, Geneva Motor Show, China, Europe, Crossover

There will be plenty of debuts at the 2013 Geneva Motor Show, but one of the more unique reveals will be for an entire car company. Chinese automaker Qoros will use the prominent auto show to introduce itself to the world by launching a new production-intent sedan as well as two "concepts" that appear to be production ready. Qoros was founded as a part of a joint venture between Chery Automobile and global holding company, Israel Corporation.

Unlike most Chinese-designed cars we've seen recently, this car is neither unsightly nor a blatant rip off of another automaker. There are some hints of maybe BMW and even a little Kia on the outside and some Volkswagen and Audi on the inside, but the overall design language is clean and unique. This includes the highly detailed exterior with the Qoros name inscribed into the headlights as well as the large eight-inch touch-screen infotainment and navigation display inside the car.

At 181 inches long and 72.4 inches wide, this sedan is just slightly longer and wider than a Ford Focus. Under the hood, there will be two engines available at launch with another two said to be coming later. The base engine will be a 1.6-liter four-cylinder producing 126 horsepower and 114 pound-feet of torque, and there's also a turbocharged version of the same engine putting out 156 hp and 154 lb-ft; two turbocharged and direct-injected engines (a 1.3-liter inline-three and a 1.6-liter inline-four) will come at a later date. Transmissions include a base six-speed manual or an optional six-speed dual clutch transmission; auto stop-start is also an option.

Looking down the road, the Qoros 3 Cross Hybrid Concept shows a potential crossover model for the brand using a Honda-like Integrated Starter Generator sandwiched between the engine and transmission, but there is also another motor offering power to the rear axle for use as all-wheel drive. Finally, there is the Qoros 3 Estate Concept showing off a likely station wagon model. Feel free to peruse the press blast below.

Continue reading Qoros brand debuting in Geneva with 3 Sedan, two concepts

Qoros brand debuting in Geneva with 3 Sedan, two concepts originally appeared on Autoblog on Sun, 17 Feb 2013 17:00:00 EST. Please see our terms for use of feeds.

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Saab union asks Obama to pressure GM for licensing deal

Jeff Sabatini — Tue, 15 May 2012 16:01:00 EST

Filed under: China, Europe, Government/Legal, Plants/Manufacturing, GM, Saab, UAW/Unions

The door has not yet closed on Saab. Hoping for yet another 11th hour stay of execution, the defunct carmaker's chief union, IF Metall, has written directly to President Obama, asking him to intervene, according to Just-Auto. While on the surface, this may seem silly, it's actually rather clever, even if it has little likelihood of working.

With the United States government still owning 26 percent of General Motors, the Swedish union is hoping it can appeal to Obama to pressure General Motors into granting licenses to continue manufacturing Saab vehicles, according to the report. It's this sticking point that has torpedoed every attempt to forestall Saab's dissolution, as GM fears that were it to allow continued production of Saabs developed under GM's ownership, it would open up the possibility of intellectual property conflicts, particularly if a Chinese manufacturer that competes with GM's own Chinese partner, SAIC, acquires Saab.

You have to admire Saab loyalists, as they clearly have not given up hope. But in this case, they just don't have any other options: Unemployment in the Saab hometown of Trollhättan has hit 40 percent, according to the report.

Saab union asks Obama to pressure GM for licensing deal originally appeared on Autoblog on Tue, 15 May 2012 16:01:00 EST. Please see our terms for use of feeds.

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Chinese automakers hope to boost exports

Chris Tutor — Tue, 15 May 2012 08:57:00 EST

Filed under: China, Europe, Chery, Geely

We've heard for years that Chinese automakers hoped one day to export their wares to the United States. Ironically, the global economic slowdown could be what gives the Chinese incentive to finally make it happen.

Chinese automakers ramped up production capacity to meet surging demand at home only to see the local economic conditions slow from 30 percent growth in 2010 to just 2.5 percent in 2011. On top of that, the Chinese auto marketplace has now become crowded with foreign and domestic competitors.

"The rapid growth phase of China's auto market is coming to an end, and we see exports as one possible outlet for all the capacity we have built up," Xing Wenlin, Great Wall Motor vice president in charge of overseas markets, tells Reuters. Great Wall's Phenom concept (pictured above) was shown a few years ago as a possible export model.

While most Chinese-made cars aren't up to American quality expectations, developing automotive markets like Egypt, Ukraine, Brazil and Indonesia are clamoring for cheap, reliable transportation. Chinese automaker Chery said earlier this year it would be selling cars in Europe by 2015.

Geely's purchase of Volvo in 2010 has boosted the Chinese company's automotive technology expertise and could help it achieve its goal of doubling exports to 70,000 units this year. While the U.S. is still out of reach for most Chinese automakers, Geely may begin selling a Chinese-made car in the UK by the end of this year. If successful there, a logical next market would be North America.

Chinese automakers hope to boost exports originally appeared on Autoblog on Tue, 15 May 2012 08:57:00 EST. Please see our terms for use of feeds.

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Saab's Chinese buyers commit over $850M in long-term funding

Steven J. Ewing — Mon, 31 Oct 2011 10:45:00 EST

Filed under: China, Saab, Earnings/Financials

Saab may have finally been saved last week when Chinese companies Pang Da Automobile Trade Co. and Zhejiang Youngman Lotus Automobile Co. agreed to buy the Swedish automaker, thus providing some much-needed short- and long-term financing. Pang Da and Youngman purchased Saab for 100 million euros ($142M USD) and they are offering up a €50 million ($70M) bridge loan. Most importantly, the Chinese companies have now pledged €600 million ($854M) in long-term funding. That's assuming, of course, that the Chinese government gives this deal its seal of approval - a very big "if."

According to Saab's restructuring plan, vehicle production will once again resume in Sweden and Mexico, though vehicles may be built in China in the future. Saab is keen to get its latest products - the 9-4X and 9-5 SportCombi - out to its key markets, and hopes to sell up to 55,000 units in 2012, with an even larger goal of moving 205,000 units per year in the long-term. That's very optimistic, especially considering that in 2010, Saab sold just under 32,000 vehicles.

Even so, Pang Da and Yougman are confident that Saab can become a profitable company in the very near future. The restructuring plan states that 2012 and 2013 will be "financial transition years," with full profitability expected in 2014. Follow the jump to read the full release.

Continue reading Saab's Chinese buyers commit over $850M in long-term funding

Saab's Chinese buyers commit over $850M in long-term funding originally appeared on Autoblog on Mon, 31 Oct 2011 10:45:00 EST. Please see our terms for use of feeds.

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Report: China tells foreign automakers they must build low-cost local brands

Jeremy Korzeniewski — Mon, 21 Mar 2011 17:31:00 EST

Filed under: China, Plants/Manufacturing

If you want to do business in the Chinese market, you have to play by the rules set out by the Chinese government... and those rules are subject to change. Such is the case in the automotive segment, where officials from China are reportedly set to add some requirements for automakers that wish to update any contracts in an effort to build more vehicles in China.

Apparently, as much as 30 percent of any additional production capacity over what has already been agreed upon will be earmarked for the Chinese market, and that percentage of vehicles would have to be sold under a new Chinese brand name at a "low cost."

It's not necessarily more brands China wants, it's intellectual property. "During 10 years of trying, China has become a big factory for foreign companies, and their Chinese partners didn't get advanced technology. Through this industrial policy they would like Chinese carmakers to get IP in order to own this market," said Lang Xuehong, automotive analyst with Sinotrust, quoted by Financial Times.

Will the scales fall in favor of more access to the lucrative Chinese market or will the desire to keep valuable intellectual property under the roof of the company that actually earned it through actual research and development triumph? We'll see.

[Source: Financial Times - sub. req.]

Report: China tells foreign automakers they must build low-cost local brands originally appeared on Autoblog on Mon, 21 Mar 2011 17:31:00 EST. Please see our terms for use of feeds.

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WikiLeaks reveals disturbing business practices of Buffett's BYD

Jeremy Korzeniewski — Thu, 10 Mar 2011 15:30:00 EST

Filed under: Hybrid, China, Government/Legal, Earnings/Financials, Design/Style, Electric

_{2009 BYD F3DM - Click above for high-res image gallery}

Are Chinese cars nothing more than cheap copies of other automaker's products in other parts of the world? That's a question that's been asked rather widely for the last several years as the numbers of large Chinese automakers has risen dramatically, and even more so as they have shown their wares at major auto shows outside their home country.

There is certainly no doubt that many, if not most, cars rolling out of factories in China bear a striking exterior resemblance to popular models from Japan, Europe and the United States. But do those exterior facsimiles go more than skin deep, and if so, does it matter? What about the actual guts of the vehicles - are Chinese automakers creating their own important new technologies, especially in the burgeoning eco-friendly segment?

These are the questions bandied about in a special report from Reuters, targeted specifically in the direction of BYD, the Chinese automaker that has been buoyed by major investments and backed by Warren Buffett. The big draw for Buffett and his money was BYD's proprietary battery technology, which it uses on its own branded electric cars, some of which are supposedly coming to America.

Reuters, though, citing documents it received by a third party from WikiLeaks, charges that BYD's battery tech may not be all its cracked up to be, and that sales of its EVs are painfully slow. Further, officials such as Guanzhou Consul-General Brian Goldbeck reportedly said two years ago that BYD's vehicles may pass China's lax copyright laws, but aren't likely to in other countries.

Just as damningly, unnamed consultants claim BYD's vehicles are very unlikely to pass U.S. safety standards, saying of one of BYD's models, "If you shut the doors too hard, they fall off." Removable doors... not good. Some automakers polled by Reuters claim that BYD requests just enough parts from reputable suppliers to reverse engineer the designs and then assemble them itself using inferior materials.

What all of this means for BYD and for Warren Buffett's billion-dollar investment into the company remains to be seen, but it can hardly bode well for the brand's chances in such competitive markets as the United States.

Gallery: 2009 BYD F3DM plug-in hybrid

[Source: Reuters]

WikiLeaks reveals disturbing business practices of Buffett's BYD originally appeared on Autoblog on Thu, 10 Mar 2011 15:30:00 EST. Please see our terms for use of feeds.

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Report: China to 'force' car company mergers, hopes to consolidate market

Steven J. Ewing — Thu, 13 May 2010 17:00:00 EST

Filed under: China, Government/Legal, Plants/Manufacturing

Currently, there are 130 different automakers existing in China, and in an effort to create stronger companies, the Chinese government will be releasing plans to encourage mergers and buyouts between the different manufacturers. These new guidelines, drawn up by the Chinese Ministry of Industry and Information Technology, is said to prohibit automakers from building new plants unless they acquire another existing manufacturer first.

Autocar reports that presently, the majority of China's automakers sell less than 10,000 units annually, with only five manufacturers moving more than one million cars last year. To put that in better perspective, the country's top ten automakers accounted for 87 percent of the country's automobile sales, or 11.89 million cars. With statistics like that, it's no wonder that the government is urging these different car companies to merge.

What's more, this restructuring plan is all part of the Chinese government's long-term goal to have 20 percent of its automakers' sales to be exported, something that the country hopes to achieve by the year 2015. And with larger, stronger companies making up the bulk of the country's auto industry, that might not be too hard to achieve.

[Source: Autocar | Image: Frederic J. Brown/AFP/Getty Images]

Report: China to 'force' car company mergers, hopes to consolidate market originally appeared on Autoblog on Thu, 13 May 2010 17:00:00 EST. Please see our terms for use of feeds.

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REPORT: Geely's plans to buy Volvo from Ford unravelling over intellectual property concerns?

Chris Shunk — Fri, 23 Oct 2009 16:00:00 EST

Filed under: Ford, Volvo, Earnings/Financials, Geely

Ford has been trying to offload the Volvo brand since December of 2008, but after years of rumors and speculation those 10 months feel more like a decade. China's Geely has been speculated as the number-one bidder for the Blue Oval's Swedish luxury brand, but a report by Bloomberg asserts that the long-awaited accord could be shelved due to concerns over Ford's intellectual property.

Because Volvo is so tightly integrated into Ford's product development, any buyer of the safety-minded car maker would have inside knowledge of the Blue Oval's future product plans and access to its latest and greatest technology. The buyer would also have direct access to Ford's vehicle architectures, since so many are shared between itself and Volvo. If Geely does in fact purchase Volvo, those platforms, which pass both European and U.S. crash test standards with flying colors, it could give China's largest automaker a better chance of entering the coveted U.S. market. And helping Chinese automakers enter the States probably isn't at the top of the list of things Ford wants to do right now.

U.S. and European automakers have had their hands full in attempting to curb China's lax intellectual property rules. Some vehicles built by Chinese automakers and sold in the land of the Great Wall are nothing more than carbon copies of vehicles from American., Japanese and European automakers... save for a new logo. Ford is also dealing with the case of Xiang Dong Yu, an ex Ford engineer who stole 4,000 sensitive and confidential documents from the Dearborn, MI-based automaker. The sticky-fingered engineer reportedly pilfered the documents in an effort to get a job at Shanghai Automotive but he was instead hired by Bejing Automotive.

The other issue Ford could be facing is the bargain-basement price tag Volvo is rumored to be offered at due to years of recessing sales volume and mounting losses. Ford purchased Volvo in 1999 for over $6 billion, but sources familiar with the brand's sale estimate that the Swedish automaker could now fetch as little as $2 billion. While that sum is nothing to sneeze at, Ford could be better off waiting until the automotive market heats back up gain. The new XC60 crossover has helped curb Volvo's sales woes here in the U.S. to the point that the Swedish Automaker realized a 16% sales climb versus last September. Next year's intro redesigned S60 coupled with several mid-cycle face lifts could continue to help Volvo's short-term prospects.

[Source: Bloomberg | Photo: Sven Nackstrand/AFP/Getty Images]

REPORT: Geely's plans to buy Volvo from Ford unravelling over intellectual property concerns? originally appeared on Autoblog on Fri, 23 Oct 2009 16:00:00 EST. Please see our terms for use of feeds.

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China tallies 1.84 million recalls over last four years

Jonathon Ramsey — Wed, 31 Dec 2008 14:59:00 EST

Filed under: China, Recalls, Safety

In 2004, China set up an official government body to regulate the business of automobile recalls. Previous to that, some car companies simply wouldn't recall faulty vehicles due to the lack of regulation. The head of that official body recently announced that in the four years it has been tracking recalls, there have been 1.84 million vehicles that needed a little more work done.

If that number is accurate, it's astoundingly low. China is the world's second largest auto market - in 2006, it was reported to have sold 7.22 million vehicles. By contrast, there were something like 15 million car sales in the US that year, and 10.6 million vehicles recalled. We have a feeling that China is still learning the ins-and-outs of this whole recall business. China's most recalled nameplate over the past four years has been Mercedes-Benz, with 19. Their biggest single recall? 420,000 Honda Accords in 2007.

[Source: Gasgoo]

China tallies 1.84 million recalls over last four years originally appeared on Autoblog on Wed, 31 Dec 2008 14:59:00 EST. Please see our terms for use of feeds.

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Chinese government to reward scrapping your car and buying a new one

Jonathon Ramsey — Sun, 28 Dec 2008 15:31:00 EST

Filed under: China, Government/Legal

China, just like the U.S. of A., is worried about its auto industry. Last year Chinese auto production topped 8.8 million vehicles, and this year the country was on track to reach 10 million sales. Then everything went all pear-shaped, and now Chinese automakers are asking their government for help. Beijing hasn't said exactly what it will do yet, but one plan is to offer incentives for folks to scrap the cars they own and go buy new ones.

The key word in this plan is "scrap." The way it's been presented, the government doesn't want folks to just trade in their cars - that would simply add more cars with much smaller margins to dealer lots. They want car owners to send their cars to the crusher. If that's what is actually being considered, we'd be interested to find out how close the "incentive" will be to the value of the car being junked. If the difference is considerable, that plan sounds like a non-starter.

Thankfully, other tacks are being considered: lowering the vehicle purchase tax, making auto loans easier to get, and relaxing the quotas on how many loans banks can make. China's auto sales haven't yet slid into the crevasse -- November sales were down 14.6% -- but with many other sectors of the economy weak, the government is trying to get ahead of a fall before it actually happens.

[Source: Drive.com.au]

Chinese government to reward scrapping your car and buying a new one originally appeared on Autoblog on Sun, 28 Dec 2008 15:31:00 EST. Please see our terms for use of feeds.

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U.S. insurer AIG buys stake in Chinese carmaker Lifan

Chris Tutor — Tue, 05 Feb 2008 18:03:00 EST

Filed under: China, Safety, Motorcycle

One of the main concerns that Autoblog readers have about Chinese cars is their safety. We've seen some fairly horrific crash tests of Chinese-made cars recently, but some improvements, as well. You just gotta know American insurance companies are not looking forward to these things being on U.S. roads.

That's why we find it quite ironic that U.S. insurance company AIG has bought a sizable stake in Chinese car and motorcycle-maker Lifan. We haven't seen any Lifan crash tests, so their cars could beat even Volvo at the safety game for all we know. But so far, Chinese cars in general aren't exactly known for their safety.

While one report says AIG's piece of Lifan could be as big as 25%, Lifan's Chairman Yin Mingshan said last year his company would not sell more than 20% to any one investment company. The deal awaits approval from the Chinese government, which is expected to come later this month or in early March.

AIG apparently sees lots of potential in China having also announced in July that it had received permission to begin selling insurance in China.

[Source: Reuters and Market Watch via China Car Times]

U.S. insurer AIG buys stake in Chinese carmaker Lifan originally appeared on Autoblog on Tue, 05 Feb 2008 18:03:00 EST. Please see our terms for use of feeds.

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Chinese coming on strong at 2008 Detroit Auto Show

John Neff — Fri, 05 Oct 2007 09:29:00 EST

Filed under: Detroit Auto Show, China

We remember back in ~~2005~~ 2006 when the first Chinese automaker to exhibit at the Detroit Auto Show made history just by attending. That would be Geely, and though its display was relegated to the front lobby, the motoring press was impressed by its mere presence in the Motor City. Fast Forward to 2008 and the largest ever contingent of Chinese automakers has just been announced as confirmed for this year's Detroit Auto Show. They include Changfeng Motor Group, BYD Auto Co., China America Automotive Inc./ZXNA, Ls Shi Guang Ming Auto Design Co. and, of course, Geely International Group.

But where's the Nanjing Automobile Corporation, Shanghai Automotive Industry Corp. (SAIC), Brilliance Auto and Chery Automobile? We seem to hear more about those companies and their aspirations to enter the U.S. market than the ones attending the Detroit Auto Show this year, save for Geely. We'll of course be on hand to see what each has to offer, but while the number of Chinese automakers attending is a record this year, we still think a few of the more promising ones are missing.

[Source: The Detroit News]

Chinese coming on strong at 2008 Detroit Auto Show originally appeared on Autoblog on Fri, 05 Oct 2007 09:29:00 EST. Please see our terms for use of feeds.

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Chinese government puts brakes on automakers

Chris Tutor — Wed, 27 Dec 2006 10:04:00 EST

Filed under: China, Plants/Manufacturing

Not so long ago, the Chinese government was encouraging automotive manufacturers as a way to stimulate the country's economy. Now, however, the National Development and Reform Commission has hit the brakes with new rules dictating how China's burgeoning automotive industry can expand. "Signs of overcapacity have already appeared, and could worsen," read a statement from the commission.

The commission's rules will dictate minimum sales targets for SUVs, trucks, vans and buses. Foreign automakers looking to invest in China must show a need for increased production capacity by proving it has exceeded 80% of its previous years' capacity.

At first glance it looks like Chinese economic planners are trying to ensure their newly found automotive gold mine doesn't run dry any time soon, leaving empty factories and unemployed workers across China. A BizChina report seems to address the issue from another angle. BizChina says the intent is to "curb vicious competition through price cuts." So maybe it's not over capacity China is trying to avoid, but instead cutthroat business practices practiced by its domestic industry.

[Source: Reuters via The Auto Channel, and BizChina]

Chinese government puts brakes on automakers originally appeared on Autoblog on Wed, 27 Dec 2006 10:04:00 EST. Please see our terms for use of feeds.

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ChangFeng bringing Chinese SUVs to NAIAS

Chris Tutor — Sun, 05 Nov 2006 15:50:00 EST

Filed under: Detroit Auto Show, China, Misc. Auto Shows

With China's Geely out of the picture for now, it looks like Chang Feng will be the Chinese representative in Detroit next year. Dow Jones reports that Chang Feng will bring four vehicles to NAIAS 2007. Chang Feng is expected to show up with two Liebao (Chinese for Cheetah) branded pickup trucks and two SUVs. Photos and details are scarce, as you might expect from China. The above photo is Chang Feng's Cheetah concept, unveiled at the 2005 Shanghai Auto Show. Currently, Chang Feng produces licensed Mitsubishi designs.

Chang Feng chairman JianXin Li says his company plans to begin selling cars stateside sometime within the next decade.

Formerly known as No. 7319 Factory of Chinese People's Liberation Army Chang Feng Co. Ltd., Chang Feng reorganized in 1996 and says it is on track to produce 200,000 vehicles by next year, which would be twice its current output.

[Source: Dow Jones via Canadian Driver]

ChangFeng bringing Chinese SUVs to NAIAS originally appeared on Autoblog on Sun, 05 Nov 2006 15:50:00 EST. Please see our terms for use of feeds.

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