Geely to Offer Final $2 Billion Bid for Volvo
Jul 16, 2009
Geely said to offer final $2-bln bid for Volvo Geely Holding Group Co. is expected to submit a final bid by later this month with an offer anticipated to be around $2 billion, according to people familiar with Geely, The Wall Street Journal reported. The private Chinese automaker has been working for almost three years ... Continue reading
Jul 13, 2009
HONG KONG, July 12 GM has gone through the bankruptcy and reconstitution process within 40 days- a "lightening" speed, emerging as the new GM on July 10 formally. The reconstituted new GM has given up all its previous regional operation systems and withdrawn the establishment of operational areas in Latin America, Euro ... Continue reading
New GM Emerges From Bankruptcy; TheAutoChannel.com Comments - VIDEO ENHANCED
Jul 10, 2009
Moving Forward with Same Old Products and Old Values By Marc J. Rauch Exec. Vice President/Co-Publisher The Auto Channel General Motorsâ President and CEO Fritz Henderson hosted a news conference this morning to announce that General Motors has emerged from Chapter 11 bankruptcy. The press conference with a Q&A se ... Continue reading
Nissan to Launch Electric Vehicles in China in 2011 - VIDEO ENHANCED
Jul 10, 2009
Nissan to launch electric vehicles in China in '11 Shanghai, July 10 (Gasgoo.com) Nissan Motor Co., Ltd. plans to launch its lithium ion battery-driven vehicles in the Chinese market in 2011, according to Yasuaki Hashimoto, president of Nissan (China) Investment Co., Ltd., China Youth Daily reported today. The Renault- ... Continue reading
Jul 9, 2009
HONG KONG, July 9 /The financial crisis didn't block the growth of China's auto market. According to the latest statistics released on July 6th, sales in China's auto market hit a new high in June, refreshing the record for 4 straight months. China's cumulative auto sales exceeded 6 million units in the first half of t ... Continue reading
China H1 Auto Sales Increase 36.5% Surpasses US Auto Market
Jul 9, 2009
BEIJING July 9, 2009; Joe Mcdonald writing for the AP reported that China surpassed the United States as the world's biggest auto market for the first half of 2009 after June sales soared 36.5 percent from a year earlier, according to data reported Thursday. China's vehicle sales in June rose to 1.14 million, the secon ... Continue reading
Beijing Auto plans to build Opel factory in China
Jul 7, 2009
Beijing Auto plans to build Opel factory in China http://autonews.gasgoo.com/auto-news/1011207/Beijing-Auto-plans-to-buil d-Ope l-factory-in-China.html Shanghai, July 7 (Gasgoo.com) In a detailed bid it submitted last week for GM's Opel, Beijing Auto outlined a plan to spend $2 billion setting up Opel's first factory i ... Continue reading
GM China to Continue Operations Under New GM
Jul 7, 2009
GM China to continue operations under new GM Shanghai, July 7 GM China Group said in a statement on Monday that an U.S. Bankruptcy Judge has approved the sale of GM's assets to a government funded new GM, allowing the company's most profitable assets to exit bankruptcy protection under government ownership. Robert Gerb ... Continue reading
Fiat (Chrysler) and Chinese Carmaker Form Alliance
Jul 7, 2009
Washington DC July 7, 2009; The AIADA newsletter reported that the Fiat Group announced a 50-50 joint venture on Monday with the Guangzhou Automobile Group to make cars and engines for the Chinese market, the latest move by the Italian automaker to expand outside its home market. According to the New York Times, the co ... Continue reading
China to sell 200,000 EVs in coming few years
Jul 1, 2009
China to sell 200,000 EVs in coming few years http://autonews.gasgoo.com/auto-news/1011126/China-to-sell-200-000-EVs- in-co ming-few-years.html Shanghai, July 1 (Gasgoo.com) Global business consulting firm Bain & Company has recently published an electric vehicle (EV) survey report, which estimates that electric vehicl ... Continue reading
Jaguar-Land Rover Drives Tata Motors to First Annual Loss in Eight Years
Jun 26, 2009
Consolidated Revenue in 2008-09 Rs. 70938.85 crores, Loss after Tax Rs. 2505.25 crores MUMBAI - June 26, 2009: Tata Motors today reported consolidated gross revenue of Rs.74151.21 crores in 2008-09. The consolidated financial performance of the company is not comparable to 2007-08 on account of the acquisition of Jagua ... Continue reading
Report: Says China Likely to Reject Hummer Acquisition
Jun 26, 2009
BEIJING June 26, 2009; Joe McDonald writing for the AP reported that China's planning agency is likely to reject a Chinese company's bid to acquire General Motors Corp.'s Hummer unit, in part because its gas-guzzling vehicles conflict with Beijing's conservation goals, state radio reported. The National Development and ... Continue reading
Tengzhong, GM to Seal Hummer Deal June 28th ...Although Reuters Says Otherwise - VIDEO ENHANCED
Jun 25, 2009
Shanghai, June 25 Sichuan Tengzhong Heavy Industrial Machinery Co. will sign a formal deal with General Motors Corp on June 28 in the U.S. to acquire GM's Hummer brand, sina.com said yesterday. Insider sources told the Chinese web portal that China's top economy planner and commerce ministry are very likely to approve ... Continue reading
Freshened Mazda Biante on Sale in Japan
Jun 25, 2009
HIROSHIMA - June 25, 2009: Mazda Motor Corporation has commenced sales of the freshened Mazda Biante range for the Japanese market. Mazda's updated, mid-sized tall âhigh-roofâ minivan goes on sale today at all Mazda, Mazda Autozam and Mazda Anfini dealerships throughout Japan. Manufacturerâs suggested re ... Continue reading
Buick Unveils 2010 LaCrosse in Live Internet eVent - COMPLETE VIDEO
Jun 22, 2009
DETROIT - June 22, 2009: Buick is conducting an innovative LIVE Internet introduction for the media of it's new 2010 LaCrosse. TheAutoChannel.com will be presenting the information for all interested persons as fast as we can. Click on the following videos for background information on the 2010 LaCrosse. ... Continue reading
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