Updated: 2011-10-24 07:57
Jaguar unveils nine China variants in its 2012 lineup
On Oct 20, British luxury icon Jaguar unveiled its 2012 variations on the XJ, XF and XK series - models specifically designed for Chinese customers. The nine models are priced between 638,000 and 2.5 million yuan.
Anthony Bradbury, vice-president of Jaguar China, said the country is likely to become the carmaker's second largest market in the next three years.
New FAW Volkswagen Chengdu plant online
The first phase of FAW Volkswagen's new factory in Chengdu went online in mid-October making the Sagitar.
The new Jetta will be built in Chengdu in the third quarter of 2012.
With an initial capacity of 250,000 units, the joint venture's third factory in China is designed for maximum annual production of 450,000 cars at full build out in 2013.
First exhibit hall for Lotus to open, offering 4 coupes
The first showroom for Lotus Cars will open in Beijing on Nov 2, offering four coupes for order and purchase, Lotus China announced last week.
It is "an important step in Lotus Group's global business expansion plan", according to Dany Bahar, CEO of Lotus Global.
The company will have its China headquarters on the second floor of the exhibition hall, which is located at the increasingly fashionable North Road of Workers' Stadium.
In addition to the existing Elise, Evora and Exige models, Lotus will unveil an all-new coupe - the GTERoadCar - at the opening ceremony for the showroom.
Renault to partner with Dongfeng, expand dealers
French carmaker Renault SA will produce vehicles in China with domestic auto giant Dongfeng Corp in the next five years, Chen Guozhang, executive president of Renault China, announced last week.
Chen said the locally made Renault models will be sold using the same sales network as its imported vehicles.
Renault plans to expand from its current 53 dealerships to 80 by the end of the year and reach 115 in 2012.
The executive said the carmaker will focus more on smaller cities where Renault now has a dealership coverage of just 19 percent.
Chen declined to name which models will be produced locally, but observers say the list is likely to include the Koleos SUV, the biggest seller for Renault in 2010.
(China Daily 10/24/2011 page18)