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News on the Auto Industry in China

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Wheels of fortune

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 ...

Buy – and hold for life

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 ...

Leading the charge

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 ...

Two-way traffic

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 ...

Enjoy it while you can

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 ...

Wang’s recharged ambitions

A deal with Germany’s Daimler – but analysts ask what’s under BYD’s hood?
Mar 12, 2010 (WiC 52)

When Wang Chuan-Fu first mooted the idea of entering the car industry, he asked his Shenzhen-based engineers to dismantle his car and see how it was put together. But when they appeared reluctant to damage his shiny new Mercedes, Wang didn’t ...

Geely readies team to manage Volvo
Jan 15, 2010 (WiC 45)

My dream is to make the safest, most environmentally-friendly and most energy-efficient cars and sell China-made cars to the world.” It’s clear that Li Shufu – the chairman of Geely – has come a long way from his early days, in which ...

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