Chery to still build factory in Brazil
Despite the Brazilian government's decision to raise taxes on imported vehicles, Chery announced on Oct 9 that it will not cancel its plans to open a new factory in Jacareí, São Paulo, sources reported. [Full Story]
Chery, Jaguar and Land Rover seek OK for China joint venture
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Chery Automobile and Jaguar and Land Rover are seeking regulatory approval to set up a joint venture in China, sources reported on Oct 10.
The two companies have basically finished discussions for a manufacturing tie-up, according to an unnamed source. [Full Story]
Chery to outline partnership with Quantum in November
Chery will be outlining its joint strategy with partner Quantum in the end of November, sources reported on Oct 10.
The partnership with Quantum, a subsidiary of Israel's largest holding company, the Israel Corporation, will focus on a new brand for the joint venture. [Full Story]
Chery plans Europe exports after 2015
Chery Automobile aims to start exporting to Europe after 2015, a senior executive said.
"Currently, we are still focusing on Russia and South America, among others, as our major export markets. Our goal is to start selling vehicles in Europe after 2015," Lu Jianhui, deputy general manager of Chery, told an industry forum in the southern Chinese city of Chengdu. [Full Story]
Fujian Daimler eyes larger MPV market in China
Fujian Daimler Automotive Co Ltd, a joint venture between Germany-based Daimler AG with Fujian Motors Group and China Motor Corp, has introduced its new multi-purpose vehicle or MPV model Sprinter in Fuzhou, capital of Fujian Province to attract higher end consumers in China. [Full Story]
New Daimler-BYD EV platform to debut next April
Daimler and BYD's new joint-developed pure electric vehicle platform will make its debut at next April's Auto China exhibition in Beijing, sources reported on Oct 9. The news comes straight from Daimler Group CEO Dieter Zetsche, who added that the company has no similar plans to develop electric vehicle technology with any other Chinese manufacturer. He stressed that no other manufacturer had a mature EV program, which is why BYD was a natural choice for Daimler. [Full Story]
Great Wall and BorgWarner sign partnership agreement
Great Wall Motor, one of China's model home-grown brands, has signed a strategic partnership agreement with leading worldwide automotive industry parts supplier BorgWarner. The signing ceremony was held at Great Wall's technology center. [Full Story]
Repeated cases of broken wheel axles haunt Toyota
Officials from FAW-Toyota said they were only two instances of wheel axle fractures which were due to previous traffic accidents. According to Toyota's spokesman in Beijing, the manufacturer was already in the process of conducting a survey and refused to make any further comments. [Full Story]
Great Wall says unaffected by Fiat patent ruling
Great Wall Motor Co Ltd, China's top manufacturer of sport utility vehicles and pick-up trucks, will not appeal an Italian court ruling that its GW Peri compact infringes Fiat's patent, saying the ruling would have no impact on it. [Full Story]
China's JAC Motors to invest $500 million in Brazil plant
China's automobile maker JAC Motors on Oct 7 announced it will invest $500 million in its first overseas plant, which will be located in Brazil's northern state of Bahia. [Full Story]
Gap between automobile exports and imports may continue to grow
With growth in the automobile industry in China slowing down this year, the gap between vehicle exports and imports seems to be continuing to widen.
Passenger vehicle imports in August totaled 316,177 units, 83 percent higher than last year, while exports from that month hit a record 223,776, 37 percent higher than 2010. [Full Story]
Mercedes-Benz sees higher China's sales growth in Sept
Daimler AG's luxury car unit Mercedes-Benz said that sales of its passenger vehicles in the Chinese market were 15,272 units in September, 12.7 percent more than in the same month of last year, sources reported.
The growth in September was much higher than the 3.2 percent increase in August. [Full Story]
Zhonghua's first SUV may debut in November
Brilliance's Zhonghua has confirmed the name of its first own-made SUV, the V5, sources reported on Oct 9. The manufacturer went further to say that it hopes the SUV will make its official debut at this November's Guangzhou Auto Expo. [Full Story]
BAIC may gain production approval for C70G by end of 2011
Following the holiday, BAIC announced that it has submitted its request for production of its new own-made car the C70G, sources reported on Oct 9. According to the report, BAIC may be able to attain a production permit as early as the end of this year. [Full Story]
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