China Economic ReviewArabian Automobiles, Dubai dealers for Nissan, Infiniti and Renault, has been testing an MG compact car, a brand now owned by Chinese carmaker SAIC. The car, badged as an MG 550 1.8T, is due to go on sale in the United Arab Emirates in the next few weeks. The sedan is built by Shanghai Automotive […]
Japan’s Nissan plans to double its production capacity in China to 1.2 million units by 2012, as it aims for a 10% share of the world’s biggest auto market. The new plan is 20% above Nissan’s earlier target. Nissan, 44% held by France’s Renault SA, operates in China wih Dongfeng Motor Group, which has just […]
The chairman of Investe sao Paulo, Mário Mugnani Jr, in Wuhu signed a memorandum of understanding with the chairman of Chery Automobile, Yong Tongyue, to set up a factory in the Brazilian city of Jacereí, 80 kilometres from the city of Sao Paulo. In the first phase of the project, Chery plans to invest $134 […]
Nissan (7201.TYO) Chief Executive Carlos Ghosn announced Monday plans to double the automaker’s China capacity to 1.2 million units by 2012, Reuters reported. Speaking at the opening of a new SUV plant in Zhengzhou, China, Ghosn said Nissan, which operates a joint venture with Dongfeng Motor Group (0498.HK), hopes to eventually achieve a 10% share […]
General Motors (GM.NYSE) has begun courting potential foreign investors, including Chinese joint-venture partner SAIC Motor (600104.SH), in anticipation of a new initial public offering planned for November, AP reported. The carmaker, in which the US government has a 61% stake after a $50 billion bailout in 2009, has announced that while it is primarily seeking […]