|
Browse by Tags
All Tags » Shanghai ( RSS)
-
|
Filed under: Motorsports , China Click above for high-res gallery of the Chinese Grand Prix If you've been following the 2008 Formula One World Championship and watched the last few races from Japan Singapore and Italy , you've likely grown accustomed to some serious white-knuckle, wheel-to-wheel racing. This weekend's Chinese Grand Prix bore little resemblance to those topsy-turvy, order-upsetting races, and more like a centrally-planned parade that Red China has grown accustomed to. So if you missed today's race from Singapore, don't fret. You can follow the jump to find out how it turned out. Gallery: 2009 Chinese Grand Prix Continue reading Parade Laps at the Chinese Grand Prix [SPOILER ALERT] Permalink | Email this | Comments
|
-
|
Filed under: China , Plants/Manufacturing , FIAT Fiat and Nanjing may have divorced their marriage on passenger cars, but that shouldn't affect their offspring. Following Fiat's withdrawal from its joint venture with the Chinese automaker, production of three current Fiat models at the Nanjing plant is expected to continue. With demand for the Sino-Italian cars slowly dwindling, Nanjing Fiat Auto was expected to continue production in the short term only to satisfy orders placed, and the manufacturing of spare parts to support the service of the cars already sold will also continue for years to come. However, recent reports indicate that as part of its divorce with Fiat, Nanjing acquired the rights to continue building the Palio Weekend wagon, Siena sedan and Perla (a larger sedan having been developed in China and based on the Siena platform) under a different badge. Component suppliers in China report that they have received no cancellation on shipments to the assembly plant,...
|
-
|
Filed under: China , Earnings/Financials Industry analysts widely agree that one of the principal factors preventing Chinese automakers from succeeding outside of China is the local industry's fragmentation, with over 100 automakers vying for their slice of the proverbial pie. However, a merger announced Wednesday between two major Chinese automakers, Shanghai Automotive Industrial Corp (SAIC) and Nanjing Automotive Group, stands a stronger chance of succeeding in the international car market as a larger group. The merger, which has been long anticipated, involves SAIC paying $285.7 million for Nanjing. In return, Nanjing's parent company acquires 4.9 percent of SAIC Motor Corp. The products of SAIC's joint ventures with GM and Volkswagen Group account for 14% of the domestic market in China, selling 1.25 million vehicles in the first ten months of 2007. Nanjing, meanwhile, sold less than 80,000 over the same period, making the acquisition a merger in the same sense as Mercedes...
|
-
|
Filed under: Car Buying , China , Buick , GM GM is in a market share dogfight here in the States, but in emerging markets like China, the General is quickly gaining a strong foothold. Rick Wagoner and company are progressing so splendidly in the world's fastest-growing market that the automaker became the first manufacturer to sell one million units within a calender year. That millionth vehicle was a Buick Park Avenue , which is fitting since Buick is hugely popular in the land of the Great Wall. The speed with which the General attained this level of success is impressive as well, as GM sold 100,000 units five years earlier. With a population of 1.6 billion and an insatiable appetite for automobiles, China seems like as good a place as any for GM to increase its global automotive presence. With more and more automakers turning their attention (and funding) to China, however, GM's exponential growth since 2002 will likely begin to stabilize. For now, however, China is to GM what...
|
|
|
|