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  • July 31, 2014
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  1. Business - Companies - CARS

    Honda plans new production in China

    Posted Jul 19th 2013, 12:00am by Reuters

    ... Honda Motor is planning to produce Acura cars on the mainland with a local partner starting in 2016 in an effort to tap growing demand for upscale vehicles in the world's biggest car market. The Japanese carmaker said yesterday it had agreed with Guangzhou Automobile to jointly produce Acura cars in China. It did not disclose details. A Honda spokeswoman said one Acura model ...

  2. Business - Companies - CARS

    No sign of recovery as Honda Motor sales drop further in China

    Posted Nov 03rd 2012, 12:00am by Bloomberg

    ... Bloomberg in Tokyo No sign of recovery as Honda sales plunge Honda Motor joined Toyota Motor in reporting a plunge in China deliveries for a second straight month, illustrating the challenge Japanese carmakers face in restoring sales amid a protracted territorial dispute. Sales fell 54 per cent last month from a year earlier to 24,115 units, Honda said yesterday. That follows ...

  3. Business - Companies - CARS

    Japanese carmakers record sales growth in China

    Posted Feb 04th 2013, 03:07pm by Anita Lam

    ... Anita Lam anita.lam@scmp.com Industry leaders Honda and Nissan record sales growth in January, snapping a four-month decline sparked by dispute over islands Japan carmakers China sales ... an uphill battle amid vigorous competition and diminishing growth in the world's biggest car market. Honda Motor said yesterday it sold 47,248 cars with its joint-venture partners last month, ...

  4. Business - Companies - CARS

    Dongfeng Motor aims for 7pc lift in Nissan sales

    Posted Mar 28th 2013, 02:42pm by Anita Lam

    ... But the group, which also partners with Honda, Peugeot and Volvo, set a modest sales growth target of 7 per cent, or 2.35 million vehicles, this year. The state-owned carmaker, the mainland's ... then they already have received an encouraging 15,000 to 16,000 orders for the model. We believe by April sales will see a complete turnaround," Xu said. The group's other Japanese partner, Honda ...

  5. Business - China Business - CARS

    Wanxiang's Lu Guanqiu on a mission to sell electric cars in US

    Posted May 20th 2014, 12:56am by BLOOM

    ... a real-estate developer. Wanxiang also owns a 3.7 per cent stake in Shanghai-traded Guangzhou Automobile Group, the manufacturing partner of Toyota, Honda and Fiat. The Wanxiang conglomerate earned ...

  6. Business - Companies - CARS

    Japanese carmakers targeting China

    Posted Nov 24th 2012, 12:00am by Bloomberg

    ... Toyota and Honda, recovering from a consumer backlash in China, will continue to expand in the world's largest car market as their local venture partner said the worst is over. Toyota will introduce 20 new models on the mainland in the next three years, senior managing officer Hiroji Onishi said at the Guangzhou car show on Thursday. Honda is guaranteeing buyers against damage due ...

  7. Business - China Business - CARS

    Renault seals US$1.3b deal with Dongfeng

    Posted Dec 17th 2013, 03:55am by Reuters

    ... to Dongfeng's joint ventures with Nissan, Honda Motor and PSA Peugeot Citroen. Honda, Dongfeng and Peugeot also assemble cars in or around Wuhan. The city, which can make about one million vehicles ...

  8. Business - Companies - CARS

    Japanese carmakers' sales in China sluggish even one year after protests

    Posted Sep 04th 2013, 12:00am by Kwong Man-ki

    ... demonstrations. Honda Motor said yesterday it sold 55,553 cars with its China joint-venture partners, down 2.5 per cent from a year ago. The firm posted a 1.7 per cent decline in China sales in July ... Launching new models would continue to be Japanese carmakers' strategy to maintain market share on the mainland, Zeng said. Honda's new model under its Accord series, for example, would ...

  9. Business - Companies - CARS

    Production to double at new Volkswagen plant

    Posted Sep 26th 2013, 12:00am by Reuters

    ... Honda and Nissan - shrank to 23.9 per cent from 29.8 per cent during the same period. The expansion in southern China is part of Volkswagen's plan to boost the German group's annual ...

  10. Business - China Business - CARS

    Mainland carmakers Guangzhou Auto and Chery in bid to beat slow market

    Posted Nov 07th 2012, 12:00am by Celine Sun

    ... Group, the Chinese partner of Japan's Toyota Motor and Honda Motor, formed an alliance with fellow mainland firm Chery Automobile yesterday to share core technology and management experience ... The sales of Guangzhou-made Toyota and Honda vehicles, which contributed 94 per cent of the company's profits last year, fell 40 per cent and 54 per cent respectively in September, according ...




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