America’s two richest men are in China. Instead of boosting the host country’s charity work, as they reportedly planned to do, Warren Buffett and Bill Gates have spent most of the time doing sales pitch for BYD. During his four-day trip from 27-30 September, Buffett, whose Berkshire Hathaway owns 10% of BYD, has about 5 … Read more

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 … Read more

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 … Read more

The facelifted 2011 Corolla released today by FAW-Toyota gets a new engine option: the 3ZR-FE 2.0L that puts out 106kW/6200rpm and 187Nm/3600rpm; it is mated to either a 6-speed MT or a CVT. On the 1.8L models, the more fuel-efficient CVT replaced the old 4-speed AT, which continues to serve the 1.6L trim level, and … Read more

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 … Read more

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. … Read more

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 … Read more

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" … Read more

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 … Read more

Small cars are popular in China, but Yaris has been a flop since its initial release by GAC Toyota in July 2008. The cause of it, GAC claimed, was that the car looked "stingy" to Chinese consumers. So in the past one year Toyota has been giving the subcompact a quick makeover, developing a 2011 … Read more

Chery launched the 2011 Tiggo yesterday at the Chengdu Auto Show. The new Tiggo gets not only a facelift but an additional engine option–a 1.6-liter with mechanically-driven supercharger (ACTECO-SQR481FG). Built on the same platform as the outgoing Tiggo3, the 2011 model gets about 100mm longer, while the 2510mm wheelbase remains unchanged. The front exterior has … Read more

Chery Auto and the state of São Paulo signed a framework agreement today to build Chery cars in the city of Jacarei. The first phase of the project, aiming to create an annual capacity of 50,000 units, will get $134 million investment and be completed in 2013. The second phase will see capacity raised to … Read more

Anhui Jianghuai Automobile Co., Ltd. (JAC ) (600418.SS) announced on 16 September partnerships with NC2 Global and Navistar International Corporation that will develop, build, and market heavy duty trucks and diesel engines in China. Two operating agreements were signed. According to the one with NC2, a joint venture of Navistar and Caterpillar Inc., a new … Read more

The new Reiz released today by FAW-Toyota disappoints many. Expected to be the Chinese-made second generation Mark X, it is only a superficial follower of it, and an overpriced one. The exterior is restyled after the existing Mark X in Japan, but the dimensions are different. The 2011 Reiz is 5mm longer and 15mm higher. … Read more

After a series of fatal accidents caused by careless BMW drivers in recent months, the luxury car is getting called in China the perfect murder weapon of the rich and powerful. The latest incident, in which a three-and-a-half-year-old boy was run over several times by a BMW X6, was recorded by a surveillance camera and … Read more