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JAC originally intended to invest US$600 million in building a plant in Brazil, but cancelled the project when the government increased taxes on cars with less than two-thirds domestic content, in its effort to protect local jobs.
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Not that sales are plummeting – on the contrary. It’s just that, according to J.D. Power, the increase in the luxury car segment this year is slowing down to 29%, compared to a 48% growth in 2010. And this despite the fact that overall car sales in China are expected to drop by 5% compared to 2010.
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Yesterday we reported that Saab has not yet received the funds promised by Pang Da and Youngman as a bridge loan to keep the Swedish carmaker in business until the deal is approved by Chinese authorities.
Today, Swedish newspaper Dagens Nyheter published an article claiming that another Chinese automaker, Geely Automobile, which bought Volvo from Ford in 2010, is interested in acquiring Saab as well.
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“The money has not come in yet”, Saab spokesperson Eric Geers told Reuters. “We originally thought it would take about two weeks. The process is ongoing, and we will give information as soon as we have the money.”
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The Linley limited edition will only be available in what is now Bentley’s biggest market in the world. According to the British carmaker, it “incorporates signature Linley elements that will appeal to customers who value pedigree, lineage, handcrafted quality and peerless design”.
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The Bavarian firm's latest attempt to capture the attention of Chinese buyers with a special version is the Z4 sDrive23i Flame Edition.
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After a while, the man smashed his way out of the entrance and drove off only to return and give it another try. Fortunately for the staff and patients, he didn't manage to enter the hospital the second time and was quickly apprehended.
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“As we move towards electrification, you’re going to see more hybrids, plug-in hybrids and all-electric cars”, said Mulally while on a trip to Chongqing, China, for the founding of a new transmission plant in partnership with Changan Automobile Group.
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Apparently, this Chinese rider took the famed theoretical physicist’s saying a bit too seriously when he lost the front wheel of his bicycle. You can check the video for yourself right after the break.
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You see, local police in China's Hebei Province stumbled upon a small passenger van that was legally designed to transfer up to eight people. The problem is this one was carrying –wait for it- 66 people, yes you read correctly, sixty-six passengers including 64 youngsters aged four to five years old and two adults!
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In contrast to the District Court, the Court of Appeal agreed that Saab’s plan to secure short-term funding and protection from its creditors conforms to the Swedish Company Reorganization Act.
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The Pan Asia Technical Automotive Center, which is jointly owned by the two companies, will undertake the development of the new architecture, with GM and SAIC teams working together.
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At this week's Chengdu Auto Show 2011, the Chinese automaker unleashed a second attack with a new breed of clones named the E-SUV, T-SUV and the F16.
In all cases, the pictures speak louder than words and it doesn't take an avid automobile aficionado to see that the T-SUV is a blatant rip-off of the Volkswagen Tiguan, the E-SUV China's doppelganger of the Infiniti EX crossover and the F16 and its commercial E-TAXI sibling, copies of the older Audi A4 Avant.
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Jeep CEO Mike Manley travelled to China last Wednesday to negotiate the local production of Jeep models with Guangzhou Automobile Group Co Ltd., which already has a joint venture with Fiat.
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That's because today, Saab Automobile AB announced the signing of a technology license agreement with the Swedish Automobile Coöperatief U.A. (SPV) for the non-exclusive rights in Saab’s (appropriately named, as it turns out) Phoenix architecture technology.
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According to state sources cited by Bloomberg news, the reason is that this would give Toyota a third joint venture in the country. This violates current regulations stipulating that any overseas company can form only two joint ventures in the passenger car manufacturing field.
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The footage shows the first lorry driver losing control of the vehicle and sliding left and right, followed shortly after by a second truck, this time a tanker that smashed into the median before coming to a halt.
We have already seen a bunch of them: Smart Fortwo, Fiat Panda, Scion xA & xB, Ferrari P38 and God knows how many other Chinese clones so what would stop them from cloning a Caddy? The answer is nothing! Ha, Ha! The elegantly named... Maple Marindo 506 is a �Caddilzed� Citroen ZX sedan! Guess they read their history when it came to choosing the body host as Cadillac was named after the 17th century French explorer Antoine Laumet de La Mothe, sieur de Cadillac, founder of Detroit, Michigan in 1701. Looks like what goes around comes around for Cadillac. If you can recall the Euro-only, Cadillac BLS, is practically a Saab 9-3
Hey, here�s an idea, Cadillac should team up with the Chinese and make a sales pitch to the European market enticing them with a cheaper and smaller version of the BLS aimed at the BMW 1 Series and Audi A3 fans� Via: Autoblog.it
Technorati: Maple+Marindo+506, China, Cadillac, car+clones, autos, auto+news, car+news, automobile, cars, automotive, vehicles, images, pictures, autoriquecars
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