China
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Late last week it was revealed that Saab couldn’t afford to pay its workers’ salaries and without any hope of a sudden inflow of cash would be forced into bankruptcy. Now, just several days on since that grim report it has been revealed that yet another Chinese party, this time undisclosed, has put in an order for 582 Saab cars and will forward a pre-payment of $18.4 million for them by the end of this week. "I am pleased to announce this agreement as it secures part of the necessary short-term funding for Saab Automobile and allows us to pay our employees' wages before the end of...
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Saab Can’t Pay Workers, Bankruptcy LoomingSaab’s recent announcements of partnerships with Chinese firms Zhejian Youngman Lotus Automobile and Pang Da Automobile has done little for its money woes, with the automaker announcing this week in a formal statement that it won’t be able to pay its employees’ wages due to a lack...
Viknesh Vijayenthiran -
Stretched Range Rover ‘Grand Evoque’ Under Consideration: ReportA few years ago there were reports Land Rover was considering building a seven-seater LR2 though plans for the car were allegedly put on hold following the brand’s sale to Tata Motors and instead we got the much sportier Range Rover Evoque. However, there remains a considerable gap sitting...
Viknesh Vijayenthiran -
Saab Gains Additional Partner In The Form Of China’s YoungmanSpyker CEO Victor Muller has been busy in China negotiating a deal with Zhejian Youngman Lotus Automobile to start building Saab cars in the world’s most populous nation. You may recall that Saab already has a deal with Chinese dealer group Pang Da Automobile but now all three parties have...
Viknesh Vijayenthiran -
BMW M3 Carbon Edition: Forbidden FruitChinese M3 fans sure are a lucky bunch. Not only did they receive the previous BMW M3 Tiger Matte Edition, but now they get yet another special edition M3, the new BMW M3 Carbon Edition. As its name suggests, the latest car gets a number of carbon fiber components and accessories, most of which are...
Viknesh Vijayenthiran -
Saab Restarts Production, Future Remains UncertainSaab has a trio of decent products now in showrooms, the latest-generation 9-5, a brand new 9-4X crossover and the recently updated 9-3, although the latter is soon to be replaced by a completely redesigned model next year. But given the brand’s lack of stability over the years, including a...
Viknesh Vijayenthiran -
Porsche is celebrating the 10th anniversary of its launch in China and possibly one of the best business decisions the automaker has ever made. Since the opening of Porsche Center Beijing Central in 2001, China has grown to become the second largest market for Porsche worldwide, achieving stunning growth over the past decade: from 27 cars sold in 2002, to 13,856 last year. In honor of the 10 year milestone, Porsche has rolled out the 911 Turbo S China 10th Anniversary Edition, which will be built in a limited run of just 10 cars. Each will be finished in a unique ‘Gold Bronze’...
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One In Four Bentleys Sold Is In ChinaOur 2008 prediction for China to overtake the U.S. in overall sales for Bentley by 2012 is shaping up to prove true with news coming out this past week that the British marque has achieved record sales in China, with the country now second on the list for Bentley’s biggest markets behind the...
Viknesh Vijayenthiran -
Spyker Secures Deal With China’s Pangda Over SaabJust days after it was revealed that negations with Chinese automaker Hawtai over a rescue plan for Saab had broken down, the Swedish automaker’s parent Spyker Cars has now announced that it's reached a new deal with rival Chinese firm Pangda Automobile Trade Co Ltd, one of China’s...
Viknesh Vijayenthiran -
Saab Future Still Hazy After Hawtai China Deal CrumblesSaab began this week with a bright future and what looked like a new deal that would bring it some stability and financial security, but by the end of the week the ailing Swedish automaker seems on even shakier ground than before. Yesterday, a deal with China's Hawtai Motor Group collapsed; the...
Bengt Halvorson -
McCAR With Free Happy Wheels: Geely Car And Scooter ComboIf your idea of a vehicle with another attatched to the back is a Winnebago with a Smart ForTwo strapped behind it, you need to start thinking about downsizing. Chinese automaker Geely (owners of Volvo) has just the combo for you. It's known as the McCAR, and although its appearance might make you...
Antony Ingram -
Bugatti Veyron Super Sport Black Carbon And Grand Sport Matte White Debut In ShanghaiThe Bugatti brand is making an official launch into the lucrative Chinese market and to make its announcement known two new special edition Veyrons were unveiled at the 2011 Shanghai Auto Show this week. The unveiling also marks the fastest production car in the world, the newer Veyron Super...
Viknesh Vijayenthiran -
General Motors has made huge inroads in China, and now, those inroads have grown a bit wider: yesterday at the 2011 Shanghai Auto Show, GM launched its smartphone app for China's OnStar subscribers. The OnStar app for Chinese drivers is nearly identical to the one that subscribers in North America have been using for some time. It offers remote starting, door locking and unlocking, diagnostic information (e.g. fuel level, tire pressure), and other familiar features. But while that may seem old hat to us, it's a major advance for Chinese consumers: according to a press release from GM, "The...
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F1 Champ Sebastian Vettel Takes Pair Of Infinitis Around A TrackInfiniti is making the most of its sponsorship deal with Formula 1 team Red Bull Racing and its star driver Sebastian Vettel, having the current champ take a pair of its luxury models out for some race track antics ahead of this weekend’s 2011 Chinese GP in Shanghai. Fresh from his dominant...
Viknesh Vijayenthiran -
Peugeot SXC Concept: 2011 Shanghai Auto ShowFrench automaker Peugeot has major plans for the rapidly expanding Chinese market, with the automaker hoping to launch at least one new model in China every year. Not surprisingly then, at next week’s 2011 Shanghai Auto Show, Peugeot will be previewing one of its new models with the striking...
Viknesh Vijayenthiran -
Forbidden Fruit: BMW M3 Tiger Matte EditionRemember the special edition ‘Frozen Gray’ BMW M3 launched in the U.S. last year? The one that sold out in just 12 minutes? Well, China has now received its own matte-painted special edition M3, also built to celebrate the 25th anniversary of the first M3. Like its U.S. counterpart, the...
Viknesh Vijayenthiran -
Camaro To Be Sold In China As Ke Mai LuoChevrolet is preparing the sell the Camaro in China, and the car will called "Ke Mai Luo" in that country. No, we don't know what that means (a quick Google translation failed us) but we do know the car will be launched at Auto Shanghai (Shanghai Auto Show) next month. A base Ke Mai Luo with the...
Tim Healey -
BMW Beats Rolex And Apple To Rank As China’s Most Desired BrandThe Chinese market is quickly proving to be a major boon for luxury automakers, none more so than BMW it seems, which has ranked first out of the top 100 most desired brands in China. According to a recent survey conducted by Hong Kong consultancy firm Clear Asia, BMW beat out the likes of Rolex...
Viknesh Vijayenthiran -
Volvo last week announced plans to build a new plant in Chengdu, China along with laying out its strategy for the Chinese market. As you may recall, Volvo is now owned by Chinese auto giant Geely and going into the future we’re almost certain to see the world’s most populace country play an increasing role in Volvo’s operations. For now the soon-to-be built Chengdu plant, and a possible second plant at Daqing, will be used to supply the Chinese market, however, further down the track the plants could be used to build cars for export markets, including the U.S. Production at...
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Pilot Filmed For Top Gear ChinaThere have been rumblings that a new edition of the Top Gear franchise, one filmed in China, was in the works, and today we have news that a pilot for the new show has been produced. Carrying the title of Top Gear China, if successful the pilot will eventually lead to a full series. Top Gear China...
Viknesh Vijayenthiran -
Report: Porsche Working On Long-Wheelbase PanameraPorsche is set to unveil a new hybrid model, which is almost certain to be the long-rumored 2012 Porsche Panamera S Hybrid. However, further down the track we could be seeing even more Panamera models. In the past we’ve seen reports on new coupe and convertible versions but these are unlikely...
Viknesh Vijayenthiran -
Report: BMW Working On New Electric Car For China Based On 5-SeriesBMW is set to launch a hybrid version of its 5-Series sedan, the production version of the ActiveHybrid 5 concept, later this year, but according to a new report the automaker is also working on an all-electric model based on the same platform. According to a report out of the Beijing Youth Daily...
Viknesh Vijayenthiran -
Audi Posts Record U.S. Sales, China Poised To Be Number One In 2011Audi broke its annual vehicle sales record in the U.S. earlier this week when it recorded its 93,507th transaction of 2010. The sale eclipsed the old U.S. record of 93,506 vehicles sold in 2007 and Audi execs are now confident that the 100,000 mark can be reached before the year is out. However...
Viknesh Vijayenthiran -
China Poised To Overtake U.S. As Biggest Market For Rolls-RoycePerhaps as a sign of the times, China is expected to overtake the U.S. as the biggest market for Rolls-Royce as early as next year. That’s an impressive feat considering that in China Rolls-Royce models cost more than double what they do here in the U.S. The Rolls-Royce Phantom, for example...
Viknesh Vijayenthiran