Chinese economic policies could be in for a big change, as President Xi Jinping pushes the communist country to open its domestic markets even further. That could mean big things for the auto industry, especially when it comes to the country's far-reaching joint-venture system.
Geely and Volvo will finally team up for a jointly developed vehicle, more than three years after the safety-minded Swedish brand was gobbled up by Geely's parent company, according to a report in Automotive News Europe. The story quotes Geely's CEO, Gui Sheng Yue saying, "We have entered into actual research and development stage and I believe we can see the new product in the year after next."
China has reversed a policy that would have nixed incentives for investments from foreign automakers, paving the way for further expansion by General Motors, Volkswagen and others. Legislators had removed automotive manufacturing from the list of industries that would receive government support in the future, but foreign investment fell off significantly in April. The country's National Development and Reform Commission responded by not only reinstating foreign automotive investment but by givin
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.
At a press conference on Saturday at the Shanghai Motor Show, General Motors announced plans to further expand its presence in the Chinese market. Among those commitments are plans to build four new plants by the end of 2015, giving the automaker the capacity to produce around five million vehicles a year in the country.
Following the acquisition of Volvo by China's Zhejiang Geely Holding Group in 2010, we definitely saw this news coming. The two companies have signed an agreement that will give Chinese automaker Geely access to key technologies developed by Volvo, and in turn, the deal could help the Swedish automaker lower its production costs.
Buick has done well for itself in the Chinese auto market, and now Ford Motor Company is hoping it can find a similar success by introducing Lincoln to the growing market. Starting during the second half of 2014, Lincoln will begin selling its cars in China through a dealer network that will deliver a personalized brand experience.
A black, Chinese-market Audi A6L is practically the poster-child for Communist Party officials who demand extra legroom rear legroom in a stretched version of standard sedan. The Chinese government reportedly spends 80 million renminbi ($12.7 million U.S.) per year on wheels for its bureaucrats, but according to a report in China Car Times the new list of approved cars available to officials is limited to Chinese models. That not only excludes the Audi – which is built in the country &ndas
Though many may not realize the extent of it, the auto business has been booming in China for a while now. General Motors actually sells more vehicles there than they do in the States, and huge market growth in China has been crucial to the bottom lines of all the carmakers that do business there. But according to Fortune, these boon times may be coming to an end.
The very first production car from China has made it to North America, though it's not what you might think. In an effort to move more of its production out of Japan, Honda has begun manufacturing Fit models in the People's Republic and importing them to Canada. There's no indication that the vehicles will make their way to the U.S. in the future, however. While there are plenty of automakers who operate plants in China, only a fraction of the vehicles built there are made for export. Last year,
Foreign manufacturers have had a strong presence in the United States' new car market for decades now. Germany, Japan and Korea produce vehicles that many consumers find as appealing as our domestic offerings, if not more so. Those countries have had lots of time to win favor among American consumers, while other countries have yet to make a dent on our car-buying radar. That could change more quickly than one might think, however, as a new study by GfK Automotive shows that younger car shoppers
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.
Just when we thought China's automotive industry had made some headway in the quality department, we get word that complaints about new car quality in the country have risen significantly over the past few months. During the first quarter of this year, complains on vehicles purchased within the last six months climbed 15 percent over last year's figures. Those numbers come courtesy of the China Association for Quality.