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  1. Business - Companies - CARS

    Industry shake-up may see GM acquire ailing plants in China

    Posted Feb 07th 2013, 12:00am by BLOOM

    ... Bloomberg in Detroit and Beijing Industry shake-up may see GM acquire ailing plants The Chinese car industry is overdue for consolidation and General Motors, with local partner SAIC Motor, is interested in acquiring ailing carmakers, according to four people familiar with the companies' thinking. GM, already the top foreign carmaker in China, aims to increase sales by about 75 per ...

    http://www.scmp.com/business/companies/article/1144712/industry-shake-may-see-gm-acquire-ailing-plants-china
  2. Beijing Auto closes on merger with Fujian Motor

    Posted Jul 06th 2009, 12:00am by Kandy Wong, Martin Zhou

    ... Benz cars with Daimler in Beijing. The company is also aggressively looking at acquisition opportunities in Europe, such as General Motors units Opel, Saab and Volvo, because it sees overseas ... Kandy Wong and Martin Zhou in Beijing Beijing Automotive Industry Corp is poised to announce a merger with Fujian Motor Industry Group that will cement its bid to become ...

    http://www.scmp.com/article/685996/beijing-auto-closes-merger-fujian-motor
  3. Great Wall Motor focuses on A-share offer

    Posted Sep 09th 2008, 12:00am by Kandy Wong

    ... Kandy Wong Great Wall Motor, the mainland's largest sports utility vehicle maker, will keep pushing its A-share initial public offering plan as it hopes a listing will raise brand ... brand,' said deputy general manager Bai Xuefei. In July, the China Securities Regulatory Commission rejected Great Wall's plan to sell 121 million A shares in Shanghai. No reason was given. ...

    http://www.scmp.com/article/651990/great-wall-motor-focuses-share-offer
  4. Motor mouth

    Posted Nov 23rd 2008, 12:00am by Karen Krizanovich

    ... craftily located near the sausage hut. Devoid of women, or, in fact, any customers, it seems to exist solely to provide placatory gifts to take home by the man who feels guilty about his motoring ...

    http://www.scmp.com/article/661130/motor-mouth
  5. Peugeot, Changan Auto to form joint venture

    Posted May 07th 2010, 12:00am by Staff Reporter

    ... 'environment-friendly' light commercial vehicles and passenger cars on the mainland. The French firm has long sought a second partner on the mainland to try to catch up with rivals like Volkswagen, General Motors, Toyota Motor Corp, Hyundai Motor and Nissan Motor, which have each established the maximum of two joint ventures with Chinese partners. Peugeot's existing 50-50 tie-up with Dongfeng ...

    http://www.scmp.com/article/713692/peugeot-changan-auto-form-joint-venture
  6. GM looks to tie-up with FAW for sales growth

    Posted Feb 06th 2009, 12:00am by Kandy Wong

    ... Kandy Wong General Motors Corp may form a commercial vehicle venture with Jilin-based FAW Group as the United States car giant hopes to rely on the mainland market to offset sliding sales at home. 'Both parties have been involved in discussions for a potential [tie-up] but I can't elaborate,' said Henry Wong, General Motors' spokesman in Shanghai. 'The joint ...

    http://www.scmp.com/article/669027/gm-looks-tie-faw-sales-growth
  7. Fugitive Yang Rong seeks US$7.9b for car venture

    Posted Sep 30th 2009, 12:00am by Kandy Wong

    ... it aimed to build one million units by 2018. The plant is expected to create 5,890 jobs in Alabama. General Motors Corp, Nissan Motor, Toyota Motor Corp, Honda Motor and Hyundai Motor are all ... Kinetic Motors Corp, owns Hong Kong Motors Project, which will build the cars. The company said it would establish a company in the US for the private placement, but did not disclose the names ...

    http://www.scmp.com/article/694084/fugitive-yang-rong-seeks-us79b-car-venture
  8. General Electric plans US$2b investment in mainland ventures

    Posted Nov 10th 2010, 12:00am by Eric Ng

    ... Eric Ng General Electric plans to invest more than US$2 billion over two years on the mainland to improve product development and fund manufacturing joint ventures in the power distribution and railway sectors. The United States-based corporate giant has also announced the appointment of vice-chairman John Rice to expand GE's businesses outside the US and relocate him ...

    http://www.scmp.com/article/730007/general-electric-plans-us2b-investment-mainland-ventures
  9. Chery secures approval to form car-financing joint venture

    Posted Jun 24th 2008, 12:00am by Kandy Wong

    ... for their purchases. 'The Chinese car-financing market provides huge business opportunities,' Mr Jin said. Global carmakers, such as General Motors Corp, Volkswagen and Ford Motor, have started car financing businesses in China. GMAC-SAIC Automotive Finance, the financing arm of General Motors China and SAIC Motor Corp, was the first to get government approval for its securities product backed ...

    http://www.scmp.com/article/642709/chery-secures-approval-form-car-financing-joint-venture
  10. Business - Companies - ACQUISITIONS

    AXA buys into Shanghai car insurer Tianping

    Posted Apr 25th 2013, 12:00am by Kwong Man-ki

    ... players AXA buys into car insurer Tianping European insurer AXA is a step closer to becoming the largest foreign property and casualty insurer in China after agreeing to buy half of Chinese motor ... property and casualty insurance unit, AXA General Insurance China, generated 339 million yuan in premium income last year. Overseas insurers have been optimistic about the growth of China's ...

    http://www.scmp.com/business/companies/article/1222431/axa-buys-car-insurer-tianping

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