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  • April 19, 2014
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  1. Business - China Business - CARS

    China carmakers struggle to succeed

    Posted Apr 19th 2014, 01:09am by BLOOM

    ... the local automakers make is rubbish," said Jochen Siebert, managing director of Shanghai-based JSC Automotive Consulting. "They are more or less zombies and there's no way for them ... to better cars and stronger companies, just as the US car industry experienced at the turn of the 20th century, when hundreds of manufacturers sprouted and then collapsed until General Motors, Ford ...

  2. Business - China Business - CARS

    Beijing mulls tax waiver and more subsidies for green car users

    Posted Apr 03rd 2014, 05:16am by Kwong Man-ki

    ... models that can be sold in a particular city] should be made to limit competition and to keep away carmakers from other places," he said. John Zeng, a director at consultancy LMC Automotive, ...

  3. Business - China Business - CARS

    Mainland Chinese car brands worry over competition

    Posted Mar 24th 2014, 04:45am by Kwong Man-ki

    ... market," Xia said. Geely chairman Li Shufu said in the company's results announcement he expected competitive pressure would intensify considerably because foreign brands had been ... brands have a strong presence," she said. "It's not easy for local companies to compete with quality." Great Wall's delay in launching its H8 luxury sport utility vehicle ...

  4. Business - China Business - CARS

    Chinese carmakers wary of foreign deals

    Posted Mar 10th 2014, 05:59am by Kwong Man-ki

    ... been lucrative, local carmakers lack the initiative to nourish their own brands," said Yale Zhang, head of Shanghai-based consulting company Automotive Foresight. Currently, a 50 per cent ... their local partners," Zhang said, and the profitability of those local players, in particular state-backed firms, was low. "Local companies have long been relying on … their joint ...

  5. Business - China Business - CARS

    Volvo chairman urges China to lift curbs on foreign carmakers

    Posted Mar 05th 2014, 01:38am by BLOOM

    ... companies and foreign companies," Li, who is also chairman of Volvo Cars' parent, Zhejiang Geely, said in Beijing. "The interests of the consumers and the competitiveness ... carmakers were still too weak and need to increase collaboration with foreign carmakers. Since China opened up its factory floors to foreigners decades ago, companies from General Motors ...

  6. Business - China Business - CARS

    China's Wanxiang wins auction for troubled US hybrid-car maker Fisker

    Posted Feb 16th 2014, 05:10am by BLOOM

    ... times what the US company was seeking when it filed for bankruptcy. In winning the four-day auction, which went through 19 rounds of bidding, Wanxiang topped Hybrid Tech, a company led ... Gross to let Hybrid buy the company for about US$25 million. Hybrid last year paid the US Energy Department US$25 million for the right to collect a US government loan that Fisker had defaulted ...

  7. Business - Companies - CARS

    GM targets 10pc growth in China sales for 2014

    Posted Feb 22nd 2014, 01:15am by Reuters

    ... Reuters in Shanghai Carmaker aims to focus on the country's increasing appetite for SUVs and luxury vehicles GM targets 10pc growth in mainland sales for 2014 General Motors plans to boost sales on the mainland this year by as much as 10 per cent and keep pace with the country's vehicle market for the rest of the decade, the new chief of the company's China ...

  8. Business - Companies - CARS

    Toyota retains crown for global sales

    Posted Jan 24th 2014, 02:19am by BLOOM

    ... corporate structure with a greater focus on emerging markets, and appointed three outside directors to join the board for the first time. Toyoda, grandson of the company's founder, is also ... said Sanjeev Varma, the managing director at Stellar Alliance Group. "VW is No1 in China, GM No1 in the US, and all three automakers are scaling up investment in product development ...

  9. Business - China Business - CARS

    Doubts raised over China green car push

    Posted Feb 17th 2014, 04:47am by Kwong Man-ki

    ... said. Tesla recently set the retail prices of its Model S series at 734,000 yuan and 852,500 yuan in marking the company's entry into China, the world largest car market. "The costs ...

  10. Business - China Business - CARS

    Infrastructure snag to deter China's green car buyers

    Posted Feb 11th 2014, 01:57am by Kwong Man-ki

    ... driving an electric car inconvenient, he said. "Drivers are willing to be more environment-friendly, but if it brings trouble in driving, they will hesitate." John Zeng, a director ...




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