Autos

News about the global automotive industry with a focus on developments that matter most for the China market.

China carmakers see bumpy road ahead after stock crash saps sales

The stock market crash in China is likely to have left July car sales falling more than June's 2.3 per cent. Photo: AP

Carmakers in China may likely reveal a fourth month of contracting sales for July after a stock market crash sapped consumer sentiment.

Monday, 3 August, 2015, 8:47pm

GM to develop small vehicles for emerging markets with Chinese partner

For the first time, GM will develop the foundation of a new, global family of vehicles in collaboration with Shanghai Automotive Industry Corp, or SAIC. Photo: AFP

General Motors said on Tuesday it will invest US$5 billion over the next several years to develop with its Chinese partner a new family of Chevrolet vehicles aimed at fast-growing emerging markets, in the process offering investors a fresh rationale for rejecting a merger with Fiat Chrysler Automobiles.

28 Jul 2015 - 3:54pm

Mitsubishi Motors focuses on output in Japan, Russia and SE Asia after pullout from US

Mitsubishi Motors says the move to pull the plug on the US factory was prompted by low-volume production rather than shifts in foreign exchange rates making exports from Japan cheaper. Photo: EPA

The president of Mitsubishi Motors Corp said Japan, Southeast Asia and Russia will become the automaker’s principal production hubs after it calls time on making cars in the United States later this year.

27 Jul 2015 - 4:34pm 1 comment

Bump ahead for China's luxury carmaker stocks as economy slows

Geely, which makes inexpensive, compact cars, has seen its share price rise more than 20 per cent in the past year. Photo: Reuters

A dip in demand for high-end luxury vehicles following the recent mainland market rout is prompting analysts to cut estimates for the earnings and profitability of domestic carmakers.

21 Jul 2015 - 12:55pm

Volkswagen to produce 'green' cars in China as premier auto show kicks off

John Lawler, Chairman and CEO for Ford Motor China, talks about sales in China at a media event ahead of the Auto Shanghai show in Shanghai. Photo: AP

German carmaker Volkswagen plans to localise production of 15 new  ‘green’ models in China in the next four years,  its China head said on Sunday.

20 Apr 2015 - 3:10pm

Toyota to build new factories in Mexico, China

Shoppers look over Toyota cars at an exhibition in China. Photo: Reuters

Toyota Motor Corp said on Wednesday it will build new factories in Mexico and China, ending a self-imposed expansion freeze and putting more pressure on global rivals.

17 Apr 2015 - 3:53pm

Hong Kong car-sharing start-up goes from strength to strength

People in Hong Kong were initially hesitant about letting others rent their car when they were not using it.

Two years after sowing the radical idea of drivers renting their cars to others when not in use, Carshare.HK has electric car deal with BYD, has spread to Shanghai and is eyeing Shenzhen.

17 Apr 2015 - 6:28pm

Volvo's U.S. assembly plant to spearhead global sales recovery

Volvo's global deliveries rose 9 per cent last year to almost 466,000 vehicles, largely thanks to mainland China sales. Photo: Bloomberg

Volvo Cars will invest US$500 million in its first US assembly plant under plans announced yesterday, plugging a longstanding gap in the Swedish carmaker's manufacturing base as it pursues a global comeback under Chinese ownership.

17 Apr 2015 - 3:53pm

Lincoln Continental returns with China the target audience

President John F. Kennedy's Lincoln Continental with transparent roof for all compartments. Photo: AP

Elvis Presley had one; so did Clark Gable. It was even the sedan of presidents. Then the name vanished amid an invasion of newer luxury cars from Europe and Asia.

Now, the Lincoln Continental is back, with design and marketing nods to China, which Ford hopes will embrace the new car.

17 Apr 2015 - 3:53pm

Subsidies and government enthusiasm raising appeal of electric cars in China

Subsidies and government enthusiasm raising appeal of electric cars in China

Sales of electric vehicles across China are set to rise as Tesla Motors, a California-based EV design and manufacturing corporation, continues its march, as environmentally aware electric-vehicle (EV) consumers begin to reap government subsidies.

17 Apr 2015 - 3:53pm

Bentley's Flying Spur: an elegant evolution

The all-new Bentley Flying Spur. Photo: Bentley Motors

It's no accident that Bentley chose Beijing for the international media test-drive of its new Flying Spur. China is now the carmaker's No 2 market and accounted for 55 per cent of sales of the first-generation Flying Spur.

24 May 2013 - 1:12pm

Toyota issues massive recall on power window glitch

Toyota models that are part of the recall include the Yaris, Vios, Corolla, Matrix, Auris, Camry, RAV4, Highlander, Tundra and Sequoia. Photo: AFP

Japan’s Toyota Motor will voluntarily recall 7.4 million vehicles globally, including certain Vitz, Yaris and Corolla models, due to malfunctioning power window switches, the company said on Wednesday.

29 Aug 2013 - 4:13am

Toyota, Nissan trim China production after protests

A Nissan in Shanghai. The Japanese top carmaker aid it would halt production at a joint venture in China starting on Thursday. Photo: AFP

Japanese carmakers Toyota, Nissan and Suzuki are curtailing production in China in the wake of anti-Japan protests that have darkened sales prospects in the world’s top car market.

8 Oct 2012 - 1:47pm

GM opens Shanghai test track in bid to remain market leader

GM unveils its China Advanced Technical Centre to the press in Shanghai a year ago. The automaker now has a new test track there too.  Photo: AP

General Motors opened a new, large vehicle test track west of Shanghai on Saturday as part of its push to retain its leading market share in the world’s largest auto market.

The No 1 US automaker and its joint venture partners, including SAIC Motor, invested about US$252.5 million to build what GM China president Kevin Wale called the country’s largest proving ground.

29 Aug 2013 - 4:13am