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  • April 18, 2014
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  1. Business - China Business - CARS

    Chinese carmakers wary of foreign deals

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

    ... and Chinese carmakers should prepare for the day when the ceiling is removed. "If foreign players were allowed to set up their wholly-owned units, they would very likely be independent from ...

  2. Business - China Business - CARS

    Doubts raised over China green car push

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

    ... sales last year stood at 17,600 units, while the government's target is to have 500,000 units sold or in production by 2015. Japanese carmaker Nissan said it would launch its Venetia electric model by next year and has reached an agreement with the Dalian government for the delivery of 1,000 units, according to its spokesman. Takashi Nishibayashi, the president of Nissan China ...

  3. Business - China Business - CARS

    Tesla goes against the grain in China by slashing price of premium car

    Posted Feb 05th 2014, 11:19am by Reuters

    ... the lower-than-expected 734,000 yuan (HK$933,000) China price tag for its high-end Model S electric car. The price, still 50 per cent higher than in the United States, includes only "unavoidable" taxes and transport costs, it said. "If we were to follow standard industry practice, we could get away with charging twice as much for the Model S in China as we do in the United States. But we're ...

  4. Business - Companies - CARS

    Toyota retains crown for global sales

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

    ... cent to 9.98 million units last year, it said yesterday. That compared with the 9.71 million units sold by GM and more than 9.7 million units at VW. Sales would probably rise to 10.32 million units this year, Toyota said. Toyota chief executive Akio Toyoda retained the No1 ranking while piling up profits, out-earning GM and VW combined in the most recent quarter. Still, he faces ...

  5. Business - China Business - CARS

    Wanxiang says it will 'bid rationally' in Fisker electric car auction

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

    ... support from Fisker's creditors, we have support from the local government, and we have a track record of 20 years of responsible investment in the United States," Lu said ... the result, nothing can stop us from making electric cars. "We have been in frequent touch with Tesla. We supply Tesla, and recently I asked our American unit how [we could] deepen our connection ...

  6. Business - China Business - CARS

    Vehicle sales soar past record 20m in China

    Posted Jan 10th 2014, 01:28am by BLOOM

    ... to General Motors and Volkswagen delivered a record number of cars. Wholesale deliveries rose 14 per cent to 21.98 million units last year, the China Association of Automobile Manufacturers said ... firm beat its previous annual record by selling 2.96 million units in the first 11 months. Ford Motor posted the biggest growth among major foreign makers, with deliveries surging 49 per cent ...

  7. Business - China Business - CARS

    China's coming 'baby boom' fuels need for more spacious cars

    Posted Jan 17th 2014, 10:11am by Kwong Man-ki

    ... increased by 54 per cent to 17,108 units last year, and the company was confident it could maintain the high growth rate this year. "Our mid-term objective is to achieve annual sales of 100,000 ... costing over 200,000 yuan. Of the 17.9 million passenger vehicles sold last year, SUVs accounted for 2.99 million units, up 49.4 per cent year on year, data from the China Association ...

  8. Business - Economy - CARS

    US carmakers enjoy best year of sales since 2007

    Posted Jan 06th 2014, 12:28am by BLOOM

    ... "only by way of very heavy incentives to get people to buy cars," Casesa said. "Today, incentives are much lower, the industry has cut capacity and we're selling 16 million units ...

  9. Business - Companies - CARS

    Fiat reaches US$4.35 billion deal to fully take over Chrysler

    Posted Jan 02nd 2014, 11:50am by Reuters

    ... Fiat will acquire the 41.46 per cent stake in Chrysler it did not already own from a retiree healthcare trust affiliated with the United Auto Workers union. The trust, known as a voluntary ...

  10. Business - Companies - CARS

    Volkswagen set to be No 1 carmaker in China

    Posted Dec 27th 2013, 03:20am by BLOOM

    ... Industry-wide, total sales of vehicles- including buses and trucks- reached 19.9 million units this year up to the end of November, putting China on course to be the first country to surpass 20 million units in annual vehicle sales. ...




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