Ford Motor (F.NYSE) is beginning to experience price pressure as China’s auto market growth slows, Bloomberg reported. “In the last three or four months, the auto industry is clearly not growing at the rate it was last year or even in the first quarter. We have seen some pricing pressure,” said Joe Hinrichs, Ford’s group […]
Category: Autos
General Motors (GM.NYSE) launched the first car under its new Baojun brand in China, Reuters reported. The Baojun 630 is priced at between US$9,758 and US$11,467, and is the first model GM and its local partner, SAIC Motor (600104.SH), have launched with an eye to marrying GM’s technologies and Chinese low-cost manufacturing. It will initially target consumers […]
Dongfeng Motor, the Chinese venture of Nissan Motor (7201.TYO), announced plans to invest US$7.8 billion by 2015 in a bid to gain market share in China, Bloomberg reported. The firm aims to increase annual vehicle sales to over 2.3 million in five years, up from 1.3 million today, and the number of car dealerships will […]
A couple of days ago I received an email from Colliers detailing the results of their Global Parking Rate Survey 2011. This year, Shanghai’s monthly parking rate (Shanghai is the only Chinese city included in the survey at present) is No. 47 globally, and unlike most other Chinese economic indicators, it stayed flat year-on-year. The […]
Daimler AG’s (DAI.ETR) Smart division plans to begin selling an electric bicycle next year, entering a growing Chinese market in which international competitors like BMW AG (BMW.ETR), Toyota Motor Corp’s (TM.NYSE) Lexus and Volkswagen AG (VOW.ETR) are also showing interest, the Wall Street Journal reported. All three of those firms have displayed electric bikes and […]