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  • August 21, 2014
  • Last updated: 12:33pm
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  1. Business - China Business - BUSINESS

    China slaps record 1.24b yuan fine against Japanese car firms for price fixing

    Posted Aug 20th 2014, 02:35pm by Kwong Man-ki in Beijing

    ... Kwong Man-ki in Beijing phoenix.kwong@scmp.com Japanese firms fined for price-fixing The mainland has fined 10 Japanese companies a total of 1.24 billion yuan (HK$1.56 billion) for violating the antitrust law by fixing prices for car parts and bearings. Eight Japanese parts makers and four makers of bearings were found guilty of collusion, the National Development and Reform ...

  2. Business - China Business

    Geely chief urges Beijing to open car market

    Posted Aug 19th 2014, 01:27am by BLOOM

    ... Bloomberg in Shanghai Beijing urged to open car market Bring it on. That is the message Li Shufu, the Chinese billionaire chairman of Volvo Cars, wants the government to give competitors in the largest vehicle market. "It's best if it's completely open, like in the United States and Europe. Whoever wants to produce cars can do it," said Li, also chairman of carmaker ...

  3. Business - Money

    Chart of the day: Car trouble

    Posted Aug 11th 2014, 11:45pm by NICK EDWARDS

    ... Chart of the day: Car trouble Europe's premium-car makers have borne the brunt of Beijing's new anti-monopoly investigations into the vehicle industry. The 74 per cent market ... to the competitive challenge to home-grown cars, with more than 17 Chinese makers scrapping for a slice of the 32.1 per cent of the market domestic brands own. ...

  4. Business - Companies - VEHICLES

    Belated car recall first big crisis for GM's new chief

    Posted Mar 15th 2014, 01:54am by AFP

    ... But it was only last month that any concrete action was taken. At first, GM announced a recall involving 780,000 cars in the US, Canada and Mexico. GM said it knew of 22 crashes involving frontal impact ... injuries was high regardless of airbag deployment". Just 12 days later the company expanded the recall to 1.6 million cars, saying it had recorded 31 crashes in which the defect might have ...

  5. Business - China Business - antitrust investigation

    12 Japanese car parts makers in widening antitrust probe

    Posted Aug 06th 2014, 12:40pm by Kwong Man-ki

    ... has completed antitrust investigations of 12 Japanese car parts makers and confirmed that German luxury brand Audi and US carmaker Chrysler had been found to have engaged in monopoly ... said, without providing details.  Li also said that last week the antimonopoly unit of Jiangsu province’s price bureau investigated German luxury brand BMW’s car dealers in five cities, ...

  6. Business - Money - MACROSCOPE

    Investors addicted to Asia's frothy markets

    Posted Aug 19th 2014, 01:27am by Reuters

    ... by a global thirst for the region's exports of cars and electronics goods and robust domestic consumption, has further burnished Asia's appeal and kept funds focused on ripe pickings. We ... India's central bank governor Raghuram Rajan, who also previously warned of a crisis before the 2008 crash in markets, recently said investors were living on hope and prayer that markets would ...

  7. Comment - Insight & Opinion - THE VIEW

    Can party wean itself off growth at all costs?

    Posted Aug 18th 2014, 09:24am by Cathy Holcombe

    ... at the cost of some short-term pain. Besides cracking down on corruption and stamping on outward displays of wealth by party officials- like splashy banquets or flash cars- the new leaders initially ... it raises the stakes that any eventual financial crash will be all that much greater. ...

  8. Business - Companies - MOTOR INDUSTRY

    General Motors issues three more recalls covering 474,000 vehicles

    Posted Jun 28th 2014, 03:01pm by Associated Press in Detroit

    ... Associated Press in Detroit US car making giant General Motors suffers further threats to its reputation for safety by announcing three recalls involving cars mostly sold in the US General ... safety review, bring the company’s total for the year to 48, covering more than 20 million cars and trucks. That almost doubles GM’s old full-year record of 10.75 million in 2004. Friday’s ...

  9. Business - Money - FUNDRAISING

    China's securitisation push brings mixed blessings

    Posted Aug 18th 2014, 04:01am by Jasper Moiseiwitsch

    ... is pioneering the use of internet-based lending. “Securitisation … increases the channels of fundraising,” said Chaplin. Car-loan securitisation is the other big driver. Typically, these are initiated by the onshore financing arm of international car firms operating on the mainland. Securitisation lets them offload loans to institutional investors, freeing up more cash for car-loan financing.  So far, ...

  10. Business - China Business

    Chinese backing sought for flying car and sky city projects

    Posted Jul 21st 2014, 03:18am by Eric Ng

    ... Eric Ng eric.mpng@scmp.com Flying car and city in the sky seek mainland backing Tidal energy is not the only new technology or outlandish project whose proponents have sought support from ... on the mainland to help fund its plan to put its flying car on the streets and in the air by 2016. Its "Transition" vehicle can be transformed from a car to an aircraft by unfolding its wings ...




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