Chinese

Saab Gets A Lifeline From North Street Capital
Saab Gets A Lifeline From North Street Capital

Saab, or more specifically Swedish Automobile (Swan), has received a monetary lifeline from North Street Capital, LP. The deal will generate $10 million in cash (for shares of Swan common stock) by this Friday, followed by a loan of $60 million, expected to close next week. If North Street Capital...Read More»

2011 Saab 9-4X Aero
Saab Still Awaiting Funding From Chinese Partners

In mid-September, amidst the chaos surrounding the potential bankruptcy of Saab, the automaker received what it thought was good news. Chinese partner Youngman agreed to front Saab a bridge loan worth some $95 million, in exchange for the production rights to Saab’s next generation sedan...Read More»

2011 Saab 9-5 Aero
Despite Funding Commitments, Saab Still Can't Pay Workers

In the past few months, Swedish Automobile (Saab’s parent) has signed agreements with Chinese partners Pang Da Automobile Trade Co, Ltd. and Zhejiang Youngman Lotus Automobile Co, Ltd. worth an estimated $245 million. They’ve sold real estate holdings, including their factory in...Read More»

Saab logo
Saab Finds Another Chinese Savior in Pangda

Cats, it’s said, have nine lives. One can easily wonder if the same is true for Saab and parent company Spyker, whose CEO continues to put together last-minute deals to save the struggling Swedish automaker. After last week’s contract with Hawtai Motor Group fell through, the future...Read More»

2010 Chevrolet New Sail hatchback, sold in China
Chinese-Made Cars Edge Closer to the United States, Via GM

The U.S. auto industry has long feared an onslaught of cheap cars from Chinese brands like Chery, Geely, and BYD. But it's more likely that established global automakers will be the first ones to bring Chinese-made cars to the Americas. The United States market poses tricky political problems for...Read More»

Traffic in China
Nielsen: Chinese Car Buyers Are Feeling A Little Hungover

2009 was a year that many would like to forget, and that goes double for the auto industry. In China, however, 2009 was a boom time for car makers -- a year of steep government subsidies, an auto market that saw 45% growth, and a frenzied population of buyers, many of whom still find owning a car a...Read More»

Brilliance BS6 crash test, before modifications, 2007
BMW's Chinese Partner Isn't So Brilliant, Pulls Out Of Europe

Yes, China is on track to become the world's largest single car market. And yes, one or more native Chinese carmakers will likely become fully competitive in the global market within 10 or 20 years--as Hyundai, Honda, and Toyota have done over time. But there will be fits and starts along the way...Read More»

Geely Familia
Geely Autos: Coming Soon To A Volvo Dealer Near You?

While much of the auto world's attention has been focused on Geely's attempt to buy Volvo from Ford and what that might mean for the popular Swedish marque, there's another side to the story that's gotten far less coverage: the possibility that Volvo dealerships will begin selling Geely vehicles...Read More»

2011 BMW 7-Series
Mercedes Vehicles Made In China Just As Good As German-Made

Mercedes-Benz vehicles made in China now place in the top half of all the company's vehicles when ranked for quality. Ulrich Walker, Chairman and CEO of Daimler Northeast Asia, said (rather testily) that those rides are good enough to send to other countries: "Yes, our cars here are exportable...Read More»

The Great Wall of China
China To Subsidize Green Rides For Consumers, Public Transit

China is in a curious position. Its auto market is very big, and it's positioned to get much, much bigger, but the Chinese government doesn't want the country's automakers to move down the traditional path of combustion-engine vehicles. Rather, it wants to grow an indigenous green vehicle industry...Read More»

Chinese ad for Volkswagen GTI
WTF AdWatch: Chinese Print Ad For The Volkswagen GTI

We're not entirely sure that this Chinese print ad for the Volkswagen GTI is for real -- and if it is, we're even less sure what it might be saying. The copy along the bottom translates as "It will go fast". That could mean "It will go so fast that you'll spill all that hot, delicious coffee from...Read More»

The Great Wall of China
Payback: China Launches Probe Of U.S. Auto Imports

A week ago, Bengt Halvorson mentioned the federal government's plan to impose a 35% tariff on tires imported from China. In a move that should surprise absolutely no one, China has now begun laying the groundwork for retaliation: according to the AP, the Chinese government "is carrying out a probe...Read More»

Chery Tiggo in Ukraine
WTF Tuesday, Special Edition: Evil Russkies Poaching Cheerful Chery Tiggos!

Just when you think the auto world is ending in an onslaught of grim grey Korean econoboxes ... life gets better. And sometimes you just can't make this [stuff] up. Take last Friday's little news item from WardsAuto, for example. A Russian company that was supposed to assemble copies of a Japanese...Read More»

Tata Nano
Report: Auto Buyers Open To Chinese, Indian Brands

More signs that the world of today is very different from the one our parents and grandparents knew: according to stat-hounds AutoPacific, 15% of car buyers would consider purchasing a Chinese-brand vehicle, and 11% would mull the possibility of purchasing one from India. Those statistics may not...Read More»

2009 Mercedes-Benz SL63 AMG IWC
Unrest Continues In China Thanks To Mercedes-Benz, BMW

Although it certainly pales in comparison to the recent unrest in Xinjiang, China's approval of Mercedes-Benz and BMW vehicles for its government fleet is causing outrage among citizens. Technically, no vehicles from those automakers have been bought just yet, and those that are must be...Read More»

scrap heap
Great Britain, China Seek Out Subsidies For Sales

You might recall that Germany instituted a "Cash for Clunkers" program weeks ago,  and subsequently saw a 21% jump in car sales. Lawmakers in Great Britain are rightly intrigued by the success of their EU colleagues, and word on the street is that bigwigs are cobbling together a bill to offer...Read More»

2007 Roewe W2 concept
Roewe Takes on China – and VW

If the badge on the bonnet of the Roewe W2 Concept looks familiar, it’s no wonder. It was liberally lifted from the old Rover brand logo. But in this case, no one is complaining about the theft of intellectual property rights – a common concern withChina. That’s because a chunk of the...Read More»

Dieter Zetsche 2007 Geneva
A Sale is Not Chrysler’s Only Option

While DaimlerChrysler is determined to “explore all of our options,” CEO Dieter Zetsche seemed to be stressing that there is no firm commitment to sell its troubled U.S. arm, the Chrysler Group, during an interview at the Geneva Motor Show. “I’m absolutely confident Chrysler will become...Read More»

Changfeng
Changfeng Lightens the Cobo Mood

To be honest, it’s not quite clear what the little Chinese automaker, Changfeng Group, was doing at this year’s Detroit Auto Show. Though it brought five separate models to Cobo Hall, it’s not clear if and when any of them might actually reach the U.S. market. But it’s a clear sign that...Read More»

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