China Became Skoda’s Largest Market

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Three short years after Shanghai-Volkswagen released the first Skoda car in China, an Octavia, the country has become the Czech automaker’s largest market, accounting for over 23% of its worldwide sales so far this year. The three Skoda models currently built in China–Octavia, Superb, and Fabia–delivered a total of 83,234 units in the first half […]

September Sales: Shanghai-GM, Shanghai-VW (Skoda), Hyundai-Kia, Chery

New vehicle sales at Shanghai GM rose 41% year-on-year last month to 100,825 units, hitting a record monthly high. For the first three quarters, the joint venture sold 742,176 cars, surpassing last year’s annual sales of 727,000. In September, Buick delivered 57,948 units (LaCrosse 10,339, Regal 7,669, Excelle 22,607), Chevrolet 40,860 (Cruze 17,264), Cadillac 2,017 […]

Geely Plans to Sell Pandas Online through Taobao

We mean the Panda cars. Geely’s PR Chief, Yang, Xueliang, discloses this week that the Chinese automaker has signed an agreement of strategic partnership with Alibaba Group to sell cars online next year. Alibaba Group, based in the same city–of Hangzhou–as Geely, is the largest e-commerce company in China. It provides online trading places (through […]

Both VW NMS and Seventh Generation Passat Are Coming to China

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Sources within Volkswagen confirm that the seventh generation Passat (MK7), unveiled earlier this week at 2010 Paris Motor Show, will be built and released in China by FAW-VW next year, while the other VW China joint venture, Shanghai-VW, will roll out the NMS (New Midsized Sedan) in the second quarter of 2011. (All new Passat […]

FAW, GAZ to Form Truck Joint Venture in Russia

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First Auto Works (FAW) and Russia’s GAZ signed partnership agreement today in Beijing on building FAW brand medium- and heavy-duty trucks in Russia. As the first step towards forming a joint venture, the agreement includes few operational details. At this stage, we only know that the venture will be equally owned by both sides, and […]

ZAP-Jonway Moves Forward, A380 EV Exposed

The U.S. EV company ZAP (Zero Air Pollution) and China’s Jonway Group signed a memo over strategic partnership on 25 September in Sanmen, Taizhou of Zhejiang Province, where Jonway is based. ZAP CEO Steven Schneider said at the new conference that ZAP will acquire the remaining 49% stake in Jonway Auto next March, and the […]

Ford to Build Engine Plant in Chongqing

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Changan-Ford-Mazda and the city of Chongqing signed a memo on 25 September for constructing an engine plant in Chongqing that will serve two local Ford vehicle factories. The first stage of the project, to be completed before May 2013, will receive Yuan 3.4 billion, or $500 million investment and create a capacity of 400,000 units […]

Toyota Delays Production of Third Generation Prius in China

According to sources within FAW-Toyota, the joint venture is still in the stage of assessing production and marketing challenges and has no timetable set for introducing the third generation Prius, abandoning a previous plan to begin production this year. From 2005 to 2009, FAW-Toyota had built the second generation Prius in Changchun of Northeast China. […]

Sales of Yutong Bus up 52%, Exports Recovering

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Zhengzhou Yutong Bus Co., Ltd. (600066.SS), a leading bus maker in China, posted strong sales growth for the first eight months of this year, with H1 exports recovering from last year’s lows. With 3,505 buses delivered in August, sales in the first eight months reach 23,507 units, up 52.01% year-on-year. Exports totaled 1,670 units in […]

Dongfeng Peugeot Citroen Publishes Five-Year Plan, Aiming for 5% Market Share

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At a press conference held today in Wuhan, Hubei, Dongfeng Peugeot Citroen Automobile Company (DPCA) disclosed its road map to 2015. The company, currently trailing behind other major auto joint ventures in China, sets the ambitious goal of more than doubling sales and market share in five years. The plan has five parts (called "5A" […]

Toyota China Fined for Corporate Bribery

Toyota Motor Finance (China) was fined today by the Industrial and Commercial Bureau of Hangzhou, Zhejiang, for bribing dealers in the region, according to Xinhua. This is the first time for Toyota to face charges of corporate bribery in China. According to the Bureau, between August 2008 and April 2010, Toyota’s auto finance company paid […]