Auto Industry

Audi sells millionth car in China, setting record
Oct 29, 2010 (WiC 83)

The latest piece of contemporary art to cause a stir in China is a giant rocket sculpture topped off with a German vehicle. Calcutta-born but British resident sculptor Gerry Juddah’s latest work was unveiled last week. Named Ode to ...

After early stalls, China’s car rental industry may be set to accelerate
Oct 29, 2010 (WiC 83)

When it came to renting cars, Peter Hessler was one of China’s earliest and keenest customers. In his book Country Driving (see WiC54) he recalls his regular visits to Capital Motors. The Beijing firm had a fleet of around 50 ...

How the Michelin man’s conquering Chinese roads
Oct 22, 2010 (WiC 82)

In 1839, after several years of searching, the American inventor Charles Goodyear finally discovered a way to make rubber strong enough for widespread use. Bad luck in business meant that Goodyear died mired in debt. But his invention transformed ...

Warren Buffett reaffirms his commitment to BYD despite flagging sales
Oct 8, 2010 (WiC 81)

Before Warren Buffett visited BYD’s operations last week, there was some speculation that he might ditch some of his 10% stake in the carmaker. After all, the value of his initial investment was worth more than six times what he paid to buy ...

Are Chinese factories making too many cars?
Sep 17, 2010 (WiC 78)

At first glance, the world’s largest car market appears to be accelerating ahead smoothly. Just last week a top industry official predicted the number of cars on China’s roads would more than double over the next decade – to a staggering ...

State-owned goliaths plan to dominate world electric car market
Aug 27, 2010 (WiC 75)

Automotive history was made on July 26 when a Chinese customer bought an electric car. Given all that has been written about China’s push into eco-friendly vehicles it is something of a shock that this was the first time an individual had ...

Failed in Europe, try India
Jul 23, 2010 (WiC 70)

When Germany’s largest auto club, the ADAC, released the results of its safety test of a Brilliance BS4 Sedan last year, the results couldn’t have been worse for Brilliance Auto: zero stars out of a potential five. For a Chinese carmaker keen ...

America’s GM and ZAP in Chinese M&A transactions
Jul 23, 2010 (WiC 70)

Auto industry history was made earlier this month when ZAP, a US electric car company, announced that it had signed an agreement to purchase a majority stake in Zhejiang Jonway Automobile Company from its parent, Jonway Group. What makes the ...

Industry insider GE Anderson on prospects for foreign carmakers in China
Jun 18, 2010 (WiC 65)

According to recent HSBC research, the Chinese auto market has been a lifesaver for the foreign manufacturers in offsetting weaker demand in developed economies. The Financial Times noted the corollary effect last week in production terms. Over ...

Is China’s auto show now the global car industry’s most important?
Apr 30, 2010 (WiC 58)

An anticipated 700,000 visitors; a thousand vehicles on display (most with at least one female model draped over the bonnet); and a major announcement about Lionel Messi, potentially the greatest footballer the world has ever seen. That was ...

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