GM Sells Hummer to China's Tengzhong
Jun 3, 2009
GM sells Hummer to China's Tengzhong http://autonews.gasgoo.com/auto-news/1010731/GM-sells-Hummer-to-China-s -Teng zhong.html Shanghai, June 3 (Gasgoo.com) General Motors has reached a preliminary agreement to sell its Hummer brand to Sichuan Tengzhong Heavy Industrial Machinery Co, a machinery company based in western ... Continue reading
Tengzhong in Advanced Talks to Purchase HUMMER From GM in Strategic Acquisition
Jun 2, 2009
Industrial Machinery Company To Invest in Growth and Global Expansion of Premium Off-Road Vehicle Brand; Deal is Expected to Secure Over 3,000 U.S. Jobs DETROIT and SICHUAN, China, June 2 -- Sichuan Tengzhong Heavy Industrial Machinery Co., Ltd (Tengzhong) and General Motors Corp. (GM), today confirmed details of their ... Continue reading
Shanghai GM Unaffected by GM Bankruptcy
Jun 2, 2009
Shanghai GM unaffected by GM bankruptcy http://autonews.gasgoo.com/auto-news/1010717/Shanghai-GM-unaffected-by- GM-ba nkruptcy.html Shanghai, June 2 (Gasgoo.com) Shanghai GM, General Motors Corp's Chinese JV with SAIC Motor Corp, has reiterated in a statement obtained today by Gasgoo that "the court supervised reinvent ... Continue reading
Beijing Auto, Guangzhou Auto vie for Fujian Motor
May 31, 2009
Beijing Auto, Guangzhou Auto vie for Fujian Motor http://autonews.gasgoo.com/auto-news/1010695/Beijing-Auto-Guangzhou-Aut o-vie -for-Fujian-Motor.html Shanghai, May 31 (Gasgoo.com) Chinese automakers Beijing Auto and Guangzhou Auto have been seeking to acquire Fujian Motor as they proceed on the road to expansion, stat ... Continue reading
Shanghai to subsidize 'old for new' car trade-in
May 31, 2009
Shanghai to subsidize 'old for new' car trade-in http://autonews.gasgoo.com/auto-news/1010698/Shanghai-to-subsidize-old- for-n ew-car-trade-in.html Shanghai, May 31 (Gasgoo.com) Shanghai will subsidize its residents who scrap polluting cars and trucks and buy eco-friendly vehicles in a bid to clean up the city's sky ah ... Continue reading
FAW VW to build new Jetta car in Chengdu
May 15, 2009
FAW VW to build new Jetta car in Chengdu http://autonews.gasgoo.com/auto-news/1010482/FAW-VW-to-build-new-Jetta- car-i n-Chengdu.html Shanghai, May 15 (Gasgoo.com) FAW and Volkswagen recently broke ground for their sedan plant in Chengdu, capital of southwest China's Sichuan province. The first phase of the project, wi ... Continue reading
Lifan denies talks of acquisition by Beijing Auto
May 15, 2009
Lifan denies talks of acquisition by Beijing Auto http://autonews.gasgoo.com/auto-news/1010492/Lifan-denies-talks-of-acqu isisi on-by-Beijing-Auto.html Shanghai, May 15 (Gasgoo.com) Chongqing Lifan Automobile Co, Lifan Group's auto-making subsidiary, has denied media reports that Beijing Auto (Beiqi) was in talks to ac ... Continue reading
Daimler April China sales up 59% to 5,600 units
May 15, 2009
Daimler April China sales up 59% to 5,600 units http://autonews.gasgoo.com/auto-news/1010484/Daimler-April-China-sales- up-59 -to-5-600-units.html Shanghai, May 15 (Gasgoo.com) Daimler AG's sales in China, including Hong Kong, in April surged 59% from a year earlier to a monthly record high of 5, 600 units, company spo ... Continue reading
China's PV sales likely to fall in May
May 14, 2009
China's PV sales likely to fall in May - research http://autonews.gasgoo.com/auto-news/1010457/China-s-PV-sales-likely-to -fall -in-May-research.html Shanghai, May 14 (Gasgoo.com) Although China saw its passenger vehicles sales hit a new record high in April, the PV sales in May is likely to drop from April sales mainl ... Continue reading
Honda China April sales up 2.9% to 42,062 units
May 14, 2009
Honda China April sales up 2.9% to 42,062 units http://autonews.gasgoo.com/auto-news/1010465/Honda-China-April-sales-up -2-9- to-42-062-units.html Shanghai, May 14 (Gasgoo.com) Honda Motor Co said in a statement on Thursday that its China sales in April reached 42,062 units, up 2.9% from a year earlier. Sales at Guangz ... Continue reading
Geely says Saab, Volvo aren't cheap to buy
May 14, 2009
Geely says Saab, Volvo aren't cheap to buy http://autonews.gasgoo.com/auto-news/1010456/Geely-says-Saab-Volvo-aren -t-ch eap-to-buy.html Shanghai, May 14 (Gasgoo.com) Chinese automaker Geely Auto has denied it is bidding for General Motors' Saab brand or Ford Motor's Swedish unit Volvo. Amid growing speculation about i ... Continue reading
GM and China: What Are They Thinking?
May 14, 2009
Special to The Auto Channel SeekingAlpha by Tom Lindmark May 14, 2009 Industrial production in China wasnât up to snuff in April but GM has some plans to help boost the numbers. The government released statistics today (treat all government statistics from China with some skepticism) that showed factory output ris ... Continue reading
Kia Motors Posts Growth in General Markets, China and Korea in April
May 14, 2009
Kia Motors posts growth in general markets, China and Korea in April - 128,272 Kia vehicles sold globally in April - April sales in China, general markets and Korea post year-on-year sales growth of 39.3%, 13.1% and 5.8%, respectively - Cumulatively in 2009, general markets, Korea and China posted year-on-year sales gr ... Continue reading
GM's China-made car import plans to be settled
May 13, 2009
GM's China-made car import plans to be settled http://autonews.gasgoo.com/auto-news/1010436/GM-s-China-made-car-import -plan s-to-be-settled.html Shanghai, May 13 (Gasgoo.com) GM China said yesterday that GM's plan to import vehicles made in China starting 2011 indicated that the Detroit automaker would rely more on Ch ... Continue reading
Hong Kong introduces Mitsubishi's electric car
May 13, 2009
Hong Kong introduces Mitsubishi's electric car http://autonews.gasgoo.com/auto-news/1010445/Hong-Kong-introduces-Mitsu bishi -s-electric-car.html Shanghai, May 13 (Gasgoo.com) Hong Kong¡¯s Financial Secretary John Tsang (Zeng Junhua) hosted the launching ceremony of Mitsubishi's electric vehicle, the iMiEV, on May 12 ... Continue reading
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