Ssangyong Motor Company is still struggling to gain traction after it ceased production late last year and slipped into receivership earlier this year. It restarted its production lines in February, but even the company director, Lee Yu-Il, says volume is still far too slow. To deal with matters, Gasgoo reports that Ssangyong is
SAIC Fuel Cell Electric Vehicle - Click above for a high-res image gallery
click above for a high res gallery of the fuel cell Equinox
Chinese-spec Buick Regal - Click above for high-res image gallery
After investing a few hundred million dollars into alternative powertrain research, China's Shanghai Automotive Industry Corporation (SAIC) says that it's finally ready to produce its first hybrid car. Nothing too fancy, just a mild hybrid with an electric motor that isn't capable of powering the vehicle without the assistance of the gas-powered engine. The battery pack, at least, is a suitably high-tech lithium ion unit that will be supplied by Johnson Controls, which has a Jeremy Korzeniewski
The Shanghai Automotive Industry Corporation (SAIC) has been blowing a lot of smoke, so to speak, over its ambitions to produce alternative fuel vehicles for several years now. Having partnered with Tongji University's engineering faculty in 2005, SAIC invested nearly $300 million in a new division dedicated towards developing alternative propulsion systems. Now the Chinese automaker is finally tipped to launch its first hybrid as early as next year.
Could it be too late for Ssangyong? Shanghai Automotive Industry Corp. (SAIC) appears to have given up on Ssangyong Motor Co., allowing the company to slip into receivership. SAIC holds a 51% stake in Ssangyong, but gave up management rights in a bid to avoid liquidation and allow Ssangyong some time to get back in the black. The Korean automaker's Chief Executive Zhang Hai Tao and President Choi Hyung-tak both stepped down after the filing.
One of the refrains we've all heard in recent years is how strong Buick is for General Motors in China, where it's not cursed with the stigma of being a grandparent's brand in the States. While most of yesterday's attention was rightly focused on the industry-wide year-end U.S. sales bloodbath, Shanghai Daily reports that 2008 was a bummer for GM's joint venture with SAIC in China.
It may not be the entire 320 billion won that its largest creditor was looking for, but Shanghai Automotive Industries Corp's recent announcement that it would prop Ssangyong up with an investment of 25.9 billion won ($19.89 million) should do the trick. SAIC says the money is to facilitate the development of new products, but we'd guess that Jeremy Korzeniewski
Things are looking dire at Korea's Ssangyong Motors, which, as you might recall, was unable to make payroll last week due to a total lack of cash on hand. The sordid tale continues this week as Ssangyong's largest creditor, Korea Development Bank (KDB), suggests that it will simply liquidate the automaker if Shanghai Automotive Industries China, otherwise known as SAIC, isn't willing to prop up it
Ssangyong, which recently attended the Paris Motor Show and showed off the C200 4-wheel-drive, is officially out of money. The company is more than $77 million (US) in debt, and no longer has the funds to pay its employees' salaries. Ssangyong is owned by Shanghai Automotive Industries China, otherwise known as SAIC. In what could provide a
We already know that Ford has placed Volvo on the auction block and is actively shopping its Swedish brand to at least one Chinese automaker. New rumors indicate that there may be more players in China with more than a passing interest in taking the brand off the Blue Oval's hands
The UK's Sunday Mail is reporting that Ford has returned to Shanghai Automotive Industry Corp. (SAIC) to make another pitch to sell Volvo. As we told you back in June, SAIC is one of the leading contenders to snap up Volvo. Although Ford had long maintained the Swedish automaker was not for sale, it recently admitted it was entertaining offers for the firm. Having paid $6.4 b
SAIC, China's largest home-market automaker, has just announced via a filing with the Shanghai Stock Exchange that it's entering into a joint venture to develop hybrid and electric vehicles. The project calls for a $300 million investment up-front, proving once again that green tech can be expensive. Technologies like electric vehicle transmissions and drivetrains will go through the research and development stages at the new company before going
Remember the Roewe 550? Pretty nice-looking ride, especially for a Chinese car, considering some of the freakishly awful stuff that comes out of the country. SAIC apparently realizes that in terms of name recognition, MG > Roewe. Case in point: the introduction of the 550 and 750 sedans in Chile, where both cars are now being sold under the MG moniker by importer Alex Nunez
Click image for a gallery of the GM China Chevrolet Spark
MG's former Longbridge, UK headquarters has been pretty quiet since production ceased in 2005. Newly-merged owners SAIC and Nanjing want the clatter of carbuilding to once again echo through the plant and plan to base their European and overseas operations there. The plant itself has the capability to build up to three different models; the challenge is decidin
