Tata Motors’ (TAMO.BO) Jaguar and Land Rover unit is exploring the possibility of a tie-up in China with Great Wall Motor (2333.HK), Reuters reported. “The two companies are exploring opportunities for a cooperative effort. Senior executives of Jaguar and Land Rover came over and visited our plant earlier this month,” a Great Wall executive said. […]
Category: Autos
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Passenger car sales starting to slow
The Shanghai-based China Passenger Car Association reported that sales of passenger cars fell 10.3% in January from the month before to 965,238 units. However, on an annual basis, sales rose 12.6%. While Chinese bought 13.7 million passenger vehicles last year, up by a third from 2009, that sort of increase is not forecast this year, […]
The removal of AutoChina International’s (AUTC.NASDAQ) earn-out provision is nothing more than a cosmetic action designed to appease investors. If they looked harder at the financials, they would find a company living on borrowed money.
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China car imports jump 93% in 2010
Imports of foreign cars nearly doubled last year in China, AP reported. The China Association of Automobile Manufacturers stated that imports rose 93% year-on-year in 2010, to reach US$30.64 billion, or 813,600 units. In contrast to recession-hit Western markets, the Chinese car industry has witnessed an explosion in demand, with a record 13.7 million vehicles […]
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January passenger vehicle sales rise 15.3%
Sales of passenger vehicles in China rose 15.3% year-on-year in January, state media reported. The growth came despite the removal of tax breaks and subsidies previously applied to purchases of small cars, and the introduction of a quota system for purchases in Beijing. The luxury car market in particular exhibited robust growth over the month, […]