• Sat
  • Nov 1, 2014
  • Updated: 5:36pm

Car Manufacturers

Open for business

A convertible is the perfect car to explore Hong Kong this summer. Hans Schlaikier selects five that are sure to turn up the heat.

Saturday, 1 September, 2012, 12:47am

Fiat raising US$10b for full move on Chrysler

Fiat is in talks for as much as US$10 billion in financing from a pool of banks to buy the Chrysler stake it doesn't own and refinance the two firms' debt, people familiar with the matter said.

31 May 2013 - 4:41am

Ford to close plants as Australian dollar hits sales

Ford Australia faces costs double those in Europe and four times those of its Asian divisions, its local president Bob Graziano said yesterday as he announced the loss of 1,200 jobs from October 2016 at two plants in Melbourne and Geelong.

24 May 2013 - 2:31am

Guangzhou Automobile shares jump 7pc on rebound in sales

The carmaker told the Shanghai stock exchange it planned to spend 2.85 billion yuan (HK$3.6 billion) over the next few years to boost production and develop new models for the domestic market.

23 May 2013 - 4:27am

Mando China eases price squeeze in suppliers deal

Car parts maker Mando China, which is launching its initial public offering in Hong Kong, plans to offset the downward pressure on the selling prices of its major products by shifting some of its costs to raw material suppliers and speeding up automated production.

20 May 2013 - 4:18am

Audi leaves luxury rivals trailing in China sales

Audi deliveries rose 13 per cent to 38,710 vehicles on the mainland and in Hong Kong in April, the company said on its website. Bayerische Motoren Werke, the world's largest luxury carmaker, reported an 11 per cent gain to 30,311 units in China, the firm said on its website. Daimler's Mercedes-Benz said sales increased 11 per cent to 16,241 units on the mainland and in Hong Kong.

16 May 2013 - 4:38am

Communist Party probes Jilin carmaker's missing billions

More than 100 senior managers at one of the mainland's leading carmakers, the First Automobile Works Group (FAW), have been questioned, and some have been detained, by Communist Party investigators looking into missing company assets, according to a report by the 21st Century Business Herald.

11 Apr 2013 - 5:44am

Long-standing myth of double standards haunts multinationals

A long-standing myth among mainlanders holds that Japanese car makers have secretly maintained three quality standards - the cars sold in Japan have the highest quality, followed by those in the United States and Europe, where the protection of consumer rights is strict, and that those sold in the developing countries including China receive less quality control but fetch higher prices because of strong demand and lax regulation.

25 Mar 2013 - 11:57am 6 comments

VW faces US$600m bill over recall

Volkswagen recalled almost 400,000 vehicles on the mainland to replace defective gearboxes that may result in loss of power, in a move that may cost Europe's largest carmaker more than US$600 million.

21 Mar 2013 - 5:07am

New order at the top of Toyota

Toyota Motor president Akio Toyoda overhauled his top management for the second consecutive year, strengthening his control over the world's largest carmaker to vie with General Motors and Volkswagen.

7 Mar 2013 - 6:12am

Talking Points

A 77-year-old repairman is sentenced for breaching building regulations while working on a To Kwa Wan tenement which later collapsed, killing four people. 

6 Mar 2013 - 2:51am

Business Digest, February 14, 2013

Bank of England governor Mervyn King said Britain faced more inflation and a muted economic recovery. "Inflation is likely to rise further in the near term and may remain above the 2 per cent target for the next two years," King said. 

14 Feb 2013 - 4:53am

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

GM, already the top foreign carmaker in China, aims to increase sales by about 75 per cent by 2015 to five million units, and a deal with another carmaker was one possible way its ventures could expand, said the people, who did not want to be identified because the plans are private.

7 Feb 2013 - 5:16am

Business Digest, February 1, 2013

German carmaker Daimler is planning to buy a 10-20 per cent stake in the passenger car unit of its Chinese partner BAIC Group.

1 Feb 2013 - 5:22am

Toyota to spice up old Corolla to keep market lead

Later this year - it has not said when or where - Toyota plans to introduce a revamped version of its global best-seller, which last underwent a redesign in 2008.

31 Jan 2013 - 5:20am