China

Volvo sales rise 3% in August as U.S. demand offsets slowing China

Sept. 2, 2015 11:38 CET

Volvo's global car sales rose 3.2 percent in August as strong growth in the U.S. helped offset a continued slide in China, which has been hit by slowing growth and stock market turmoil....
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Chinese supplier CW Bearing to build new U.S. headquarters near Detroit

6:50 am U.S. ET | Sept. 2, 2015

CW Bearing USA will invest $25.9 million to build a new U.S. headquarters and technical center in suburban Detroit, Michigan Gov. Rick Snyder’s office said....
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Germany's Kiekert buys out Chinese partner

Sept. 1, 2015 13:02 CET

Kiekert, a global supplier of automotive locks, has acquired full ownership of China's Henan North Xingguang Locking Systems Co., a manufacturer of door, hood and trunk locks....
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Internet entrepreneurs back Chinese electric vehicle startup, NextEV

3:13 pm U.S. ET | Aug. 31, 2015

A group of deep-pocketed China-based internet entrepreneurs and financial investors, including Tencent and Hillhouse Capital, is backing an effort to create NextEV, a new rival to U.S. electric car maker Tesla Motors....
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Chinese automaker BAIC Motor in talks to buy Daimler shares

12:01 am U.S. ET | Aug. 31, 2015

Chinese automaker BAIC Motor is in talks with Daimler AG about taking a stake in the German luxury carmaker, two sources with knowledge of the matter have told Reuters....
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China faces an added threat down the road: Capacity glut

12:01 am U.S. ET | Aug. 31, 2015

The news coming out of China right now is bad, and chances are, it’s going to get worse....
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Citroen prepares new models with an eye on China

Aug. 30, 2015 06:01 CET

Citroen is preparing a series of model launches to reverse a sales slump that threatens to hamper parent PSA/Peugeot-Citroen's recovery from near bankruptcy. CEO Linda Jackson is counting on China for a "slight increase" in deliveries this year despite weakening demand compounded by the country's stock market crash....
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Subaru sees no immediate return to Tianjin port after blast

10:01 am U.S. ET | Aug. 28, 2015

Subaru maker Fuji Heavy Industries said today that it will keep diverting car exports from Tianjin to Shanghai for now because its Tianjin operations have yet to return to normal after explosions in the Chinese port city this month....
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China's BAIC in talks to take Daimler stake, report says

Aug. 27, 2015 11:09 CET

Chinese automaker BAIC Motor is in talks with Daimler about taking a stake in the German luxury carmaker, Reuters reported. If a deal is completed BAIC will become one of Daimler's top shareholders after Kuwait and Renault-Nissan....
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Toyota poised to restart production at China plant

10:22 am U.S. ET | Aug. 27, 2015

Toyota said it will restart work today at China plants that were shut after explosions in the city of Tianjin. Workers at two lines in the Tianjin Economic Technological Development Area were expected to return today and start preparation to begin production on Friday, Toyota said in an e-mailed statement....
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China's luxury shoppers hit pause amid roiling markets

7:40 am U.S. ET | Aug. 27, 2015

The rout in China stocks is posing another threat to the world's biggest car market, jeopardizing growth plans for companies from Volkswagen AG to General Motors....
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Toyota poised to restart production at China plant shut in blast

6:28 am U.S. ET | Aug. 26, 2015

Toyota said it will restart work Thursday at China plants that were shut after explosions in the city of Tianjin....
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EDWARD NIEDERMEYER

China meltdown has burned global carmakers

3:45 pm U.S. ET | Aug. 25, 2015

When a chemical warehouse in Tianjin, China, exploded this month, destroying some 10,000 parked vehicles, cynics suggested that the disaster might actually be for the best, given the massive glut of unsold cars sitting on Chinese lots....
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Daimler still positive on China business despite stock market rout

Aug. 24, 2015 15:36 CET

Mercedes-Benz owner Daimler is counting on China to be a leading driver of car sales growth this year despite the country's stock market turmoil. The automaker expects vehicle ownership levels to rise and will continue to invest more in compact cars in the market where it has been adding dealerships, Hubertus Troska, head of Daimler China, said....
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Daimler 'still confident' in China sales outlook after market plunge

8:19 am U.S. ET | Aug. 24, 2015

Daimler AG, counting on China to provide the most fuel for car demand growth this year, pledged to keep up its investments after the country's biggest stock-market rout since 2007....
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Toyota extends halt in Tianjin operations through Wednesday

6:37 am U.S. ET | Aug. 24, 2015

Toyota said its operations near the Chinese port of Tianjin will remain shut at least through Wednesday due to safety concerns as fires continue to break out at the site of last week's deadly chemical explosions....
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GM, Ford use 'veiled threat' of imports to gain leverage with UAW

7:02 am U.S. ET | Aug. 21, 2015

GM and Ford are contemplating building cars with lower-paid workers in Mexico and China, a strategy that would improve their hand in contract talks as the UAW seeks higher pay. The automakers and union are in their final weeks of talks to replace four-year contracts that end Sept. 14....
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VW trims Chinese plant workload as new sites go on stream

Aug. 21, 2015 12:46 CET

VW said average utilization at its Chinese factories will fall as overall production capacity increases with the opening of new plants. The automaker denied it plans to reduce output of key models in China by between 10 percent and 20 percent....
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Jaguar Land Rover assesses damage to vehicles caught in blasts at China port

Aug. 21, 2015 13:35 CET

Jaguar Land Rover owner Tata said that 'many' of the 5,800 Jaguar and Land Rover vehicles it had at Tianjin port in China were likely to have been damaged in the recent chemical explosions that killed more than a hundred people....
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YANG JIAN

BLOG: Why the Chinese market rout is hitting global auto brands

5:04 am U.S. ET | Aug. 21, 2015

The Chinese government's decision to allow small- and medium-sized businesses to list on the stock market produced a rout that wiped out the wealth of middle-class consumers, the main customers for global automakers....
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YANG JIAN

BLOG: Why the Chinese market rout is hitting global auto brands

5:04 am U.S. ET | Aug. 21, 2015

The Chinese government's decision to allow small and medium-sized businesses to list on the stock market produced a rout that wiped out the wealth of middle-class consumers, the main customers for global automakers....
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Former Ford Europe COO tapped to recruit for U.S.-Chinese EV startup

2:58 pm U.S. ET | Aug. 20, 2015

Martin Leach, former COO at Ford of Europe, is recruiting staff for a new electric car manufacturer based mainly in China and California. Leach declined to say which company is backing the new venture, but said, "It is not a company with a background in the car industry."...
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Toyota extends halt in Tianjin operations on safety concerns

7:04 am U.S. ET | Aug. 19, 2015

Toyota said today its operations near the Chinese port of Tianjin will remain closed at least until Sunday, extending a suspension originally set through Wednesday, due to safety concerns after last week's deadly chemical explosions in the area....
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Global automakers divert shipments from China's Tianjin port after blasts

Aug. 19, 2015 12:52 CET

BMW, Volkswagen, Toyota and Renault are among global automakers switching to ports in Shanghai and other locations from Tianjin after massive explosions last week disrupted operations indefinitely at China's largest auto import hub....
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UAW calls potential China-made Buick 'alarming'

11:45 am U.S. ET | Aug. 18, 2015

The UAW is criticizing the prospect of General Motors importing a Buick crossover from China, calling the potential move "alarming."...
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