Auto Industry « Week In China - Part 8

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Auto Industry

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Brilliance China is (again) trying wean itself off its reliance on BMW
Jun 26, 2015 (WiC 287)

"Chinese milk is helping to suckle foreign children, making them big and strong.” Such are the words of Brilliance China President and CEO, Qi Yumin who has long argued that domestic car manufacturers risk being smothered by their powerful ...

Daimler the latest to pay penalty in China
May 15, 2015 (WiC 281)

China’s domestic newspapers reported that it was a forlorn and desultory bunch of protesters that gathered in Shanghai last month. Their faces were smeared with dirt and their clothes were torn. All they carried were begging bowls and bamboo ...

ChemChina buys into Pirelli
Mar 27, 2015 (WiC 275)

Since 1964 the Italian company Pirelli has been famous for more than its tyres. In a marketing coup a lot more risqué than its rival Michelin (which began publishing restaurant guides in 1900), Pirelli pays beautiful women to pose topless for ...

Can a locally-built Land Rover woo Chinese buyers?
Feb 20, 2015 (WiC 271)

One summer’s day in 1947 two brothers were walking along a Welsh beach when one of them picked up a stick and used it to draw a sketch in the sand of a new type of agricultural vehicle that might boost their company’s profits. The two ...

Renault’s Chinese dealers are in a furious mood
Feb 13, 2015 (WiC 270)

"Going to a Lincoln dealership in China is an experience,” the brand’s president Kumar Galhotra tells Detroit News. “People bring their whole families.” The US luxury car manufacturer is a late arrival to China. But Galhotra has high ...

Can LeTV make electric cars as well?
Jan 30, 2015 (WiC 268)

After months spent elusively overseas, Jia Yueting resurfaced in mid-December. The chairman and chief executive of LeTV, one of China’s most popular online video platforms, had been out of the public eye since June. This quickly led to ...

State Grid opens Beijing to Shanghai charging network, but not to Tesla
Jan 23, 2015 (WiC 267)

Boosters of China’s electric vehicle industry got some welcome news last week. State Grid announced that it had installed 50 new charging stations, which now makes it possible to drive a battery-powered car between Beijing and ...

Is BYD still overvalued after brutal sell-off?
Jan 9, 2015 (WiC 265)

For investors it wasn’t so much a case of “Build Your Dreams” as watch them shatter when BYD’s share price suddenly collapsed on December 18. The Hong Kong-listed group – which manufactures cars and rechargeable batteries – slid 46% ...

Volkswagen still hoping for better terms in share split with China partner
Nov 7, 2014 (WiC 259)

"I am the Chinese Machine Building Minister and I would like to speak to somebody in charge,” the Mao-suited official informed an astonished gatekeeper at Volkswagen’s head office in Wolfsburg. It was 1978 and the beginning of the first ...

Austerity drive slows Aston Martin dealers down
Oct 31, 2014 (WiC 258)

The last time that auto distributor Pang Da made headlines was in 2011 when it put in a $131 million bid for the ailing carmaker Saab. It called off the deal after a Swedish court declared Saab bankrupt. Saab’s assets were later bought out of ...

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