Mazda's H1 China sales rise to record 91,000 units
Oct 22, 2009
Mazda's H1 China sales rise to record 91,000 units http://autonews.gasgoo.com/auto-news/1012664/Mazda-s-H1-China-sales-ris e-to- record-91-000-units.html By George Gao From:Gasgoo.comOctober 22, 2009 Shanghai, October 22 (Gasgoo.com) Mazda Motor sold a record number of vehicles in China during the fiscal first half as ... Continue reading
Tengzhong Purchase of Hummer Sale Still Humm(er)ing Along
Oct 12, 2009
SHANGHAI/HONG KONG October 12, 2009; Fang Yan and Doug Young Fang Yan And Doug Young writing for Reuters reported that Tengzhong, the Chinese buyer of General Motor's (GM.UL) Hummer brand, aims to close the deal by early 2010, with regulatory approval looming as the first of what will likely be multiple hurdles on the ... Continue reading
Great Wall Motor to Sue Fiat Over Commercial Secrets Spies
Oct 10, 2009
Great Wall Motor to sue Fiat over commercial secrets spies http://autonews.gasgoo.com/auto-news/1012474/Great-Wall-Motor-to-sue-Fi at-ov er-commercial-secrets-spies.html Shanghai, October 10 (Gasgoo.com) Great Wall Motor Co Ltd said on Friday that it prepared to filed a complaint to Fiat Auto SpA's headquarter in Italy ... Continue reading
General Motors and Tengzhong Sign Definitive Agreement For Sale of HUMMER
Oct 10, 2009
DETROIT and SICHUAN, Oct. 9, 2009 - General Motors (GM) and Sichuan Tengzhong Heavy Industrial Machinery Co., Ltd (Tengzhong), today announced that the companies have entered into a definitive agreement that will allow Tengzhong to acquire GM's premium all-terrain HUMMER brand. Under the terms of the definitive agreeme ... Continue reading
10.9GM sales in China surge 55.6% in Jan-Sep period
Oct 9, 2009
GM sales in China surge 55.6% in Jan-Sep period http://autonews.gasgoo.com/auto-news/1012455/GM-sales-in-China-surge-55 -6-in -Jan-Sep-period.html Shanghai, October 9 (Gasgoo.com) General Motors Co said in a statement on Friday that its China vehicle sales in the first nine months of this year jumped 55.6 percent from ... Continue reading
Tengzhong May Finalize Hummer Deal Today
Oct 9, 2009
SHANGHAI, Oct 9, 2009; Fang Yan and Edmund Klamann writing for Reuters reported that China's Tengzhong may finalise a deal with General Motors Co [GM.UL] on Friday to acquire the U.S. automaker's Hummer business for about $150 million, a source familiar with the deal said. "GM and Tengzhong may close the deal as early ... Continue reading
Honda China JV recalls 9,464 Accords over airbag defects
Sep 30, 2009
Honda China JV recalls 9,464 Accords over airbag defects http://autonews.gasgoo.com/auto-news/1012381/Honda-China-JV-recalls-9-4 64-Ac cords-over-airbag-defects.html Shanghai, September 29 (Gasgoo.com) Guangzhou Honda Automobile Co. Ltd, Honda Motor Co's Chinese joint venture with Guangzhou Automobile Industry Group Co ... Continue reading
Kia recalls Sportage SUVs in China on switch fault
Sep 29, 2009
Kia recalls Sportage SUVs in China on switch fault http://autonews.gasgoo.com/auto-news/1012363/Kia-recalls-Sportage-SUVs- in-Ch ina-on-switch-fault.html Shanghai, September 28 (Gasgoo.com) South Korean automaker Kia Motors Corp. today started to recall 235 imported Sportage SUVs in the Chinese market due to the vehicl ... Continue reading
Ford Motor Company Announces New Flexible Assembly Plant to Expand Production in China
Sep 25, 2009
DEARBORN, Mich., Sept. 24 -- -- Ford Motor Company's successful joint venture in China - Changan Ford Mazda Automobile (CFMA) - is building a new, state-of-the-art manufacturing facility in Chongqing, scheduled for completion in 2012 -- The significant investment, valued at $490 million (RMB 3.34 billion), underscores ... Continue reading
China's Wonder Auto Announces an Acquisition for $12 Million in Cash Transaction
Sep 23, 2009
JINZHOU CITY, China, Sept. 23 /PRNewswire-Asia-FirstCall/ -- Wonder Auto Technology, Inc. , a leading manufacturer of automotive electrical parts, suspension products and engine accessories in China, today announced that one of its wholly-owned subsidiaries, Jinzhou Wanyou Mechanical Parts Co., Ltd, spent US$12 million ... Continue reading
3rd Ford China Plant On Boards
Sep 22, 2009
SHANGHAI September 22, 2009; Fang Yan and Jacqueline Wong writing for Reuters reported that Ford Motor Co and its Chinese partner will announce plans on Friday for their third car manufacturing plant in China, where sales may soon outpace its existing capacity, an industry source said on Tuesday. Ford, which competes w ... Continue reading
SAIC in talks to buy GM's India plant
Sep 11, 2009
SAIC in talks to buy GM's India plant - Source http://autonews.gasgoo.com/auto-news/1012116/SAIC-in-talks-to-buy-GM-s- India -plant-Source.html Shanghai, September 11 (Gasgoo.com) China's largest automaker SAIC Motor group is in initial talks with General Motors Co on buying one of its India plants to produce its Wulin ... Continue reading
Tengzhong's Hummer bid is trade, not investment
Sep 10, 2009
Tengzhong's Hummer bid is trade, not investment http://autonews.gasgoo.com/auto-news/1012102/Tengzhong-s-Hummer-bid-is- trade -not-investment.html Shanghai, September 10 (Gasgoo.com) Chinese machinery maker Tengzhong's bid to acquire the Hummer brand from General Motors should be viewed as a trade in technology and not ... Continue reading
One More From Column A: Sweden's Koenigsegg and China's BAIC Agree On Saab Deal
Sep 9, 2009
STOCKHOLM, Sept 9, 2009; Victoria Klesty writing for Reuters reported that State-run Beijing Automotive Industry Holdings will take a minority stake in Koenigsegg as part of the Swedish luxury carmaker's purchase of General Motors' [GM.UL] Saab unit, in the latest push by a Chinese auto firm to secure a global footprin ... Continue reading
Parent of China's Geely eyes bid for Volvo
Sep 9, 2009
SHANGHAI/HONG KONG September 8, 2009; Fang Yan and Jacqueline Wong writing for Reuters reported that China's Geely Automotive said on Wednesday its parent wants to bid for Ford's Volvo Car Corp, becoming the latest Chinese firm to chase a foreign carmaker during a global industry overhaul. Geely's privately held parent ... Continue reading
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