Shanghai factory, South Korea entry, and China financing program are all part of Tesla's Asian expansion plans.
It has been two years since Lincoln first announced its plans to expand into China, and the first models destined for sale in the giant automotive market just came off the boat in Shanghai on September 10. It's going to be a few weeks before Chinese buyers actually have the chance to get behind the wheel, though.
An explosion at an auto parts plant owned by Kunshan Zhongrong Metal Products Co. near Shanghai has killed at least 68 people, with 187 more injured. The blast has been traced back to errant sparks in a wheel-hub polishing workshop that apparently ignited dust. There were a total of 264 people working at the plant at the time of the explosion.
For most people, buying a new Ferrari – heck, even a used one – would be a special occasion all on its own, not to mention a rare privilege. But to make the experience all the more special, the Prancing Horse marque offers its Tailor-Made personalization program. The service just reached the Asia-Pacific region for the first time with the new Tailor-Made Centre in Shanghai, and to mark its inauguration, Ferrari has revealed two new special editions – both based on V12 GTs and i
Is anyone surprised that Tesla Motors is ready to disrupt the status quo even in little ways? If you are, then here's one more example: Tesla is partnering with Uber (which taxi drivers around the world are not happy with) in Shanghai to both give people free, 15-minute rides in the electric car. Think of it as the free Supercharger miles for the don't-own-a-Tesla set.
News about China and cars isn't in short supply these days. With several of the world's largest cities, millions of cars on the road and huge problems with air pollution, it's no wonder that the nation is trying to make some changes. Along with decommissioning many of its aging vehicles, China is also expected to see huge growth in its electric vehicle market. BMW, as other automakers already have done, sees this as an opportunity to sell more cars.
The Chinese market is an increasingly vital one for global automakers, including General Motors. The Detroit-based industrial giant claims to offer "the broadest lineup of vehicles and brands among automakers in China," including vehicles sold under the Buick, Cadillac, Opel, Baojun, Jiefang, Wuling and, of course, Chevrolet brands.
BYD is not pleased with the way China's "new energy vehicle" campaign is being implemented in Shanghai. The Chinese automaker has complained about the way the city is making incentives for its air pollution initiative more available to local companies. The city denies any preference.
General Motors has announced that it will be moving its international headquarters from Shanghai to Singapore, a move that will see 120 employees working from the city-state by the time business opens in 2014. Meanwhile, 250 to 300 of the employees at the Shanghai office will remain in China, according to a report from The Wall Street Journal.
With notoriously bad traffic and pollution, Shanghai may institute a congestion charge, similar to what's been seen in London and Singapore (and considered in San Francisco). The gist of congestion charging is that drivers are charged a small amount for entering a certain part of the city - in the UK, entering central London between 7:00 AM and 6:00 PM, Monday through Friday, costs drivers 10 pounds ($16.16).
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