Ford is on track to become 3rd-largest foreign carmaker in China
Yang Jian
SHANGHAI -- Ford Motor Co. launched output at its third assembly plant in China this week and the occasion offered a timely reminder of the company's progress. Just five years ago, Ford was merely a footnote in China's automotive market -- an also-ran with mediocre products, a modest dealership network and limited production capacity. Not anymore. Pictured: Yang Jian is managing editor of Automotive News China.
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GM sales edge up 3% as market turns soft
Bloomberg
General Motors, which counts China as its largest market, posted the slowest pace of sales growth in 20 months after deliveries of Wuling microvans declined. The carmaker's China sales in October rose 3 percent to 291,371 vehicles, the company said in a statement.
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Nissan China sales fall 9% in October; company trims forecast for year
Reuters
Deliveries in China by Nissan Motor Corp.'s Chinese joint venture tumbled 9 percent last month from a year earlier to 104,400 vehicles, the Japanese carmaker said on Tuesday. That follows a 20 percent year-on-year decrease in September and a 1 percent dip in August. Nissan, which operates Dongfeng Nissan Passenger Vehicle Co. with Dongfeng Motor Corp., lowered its China sales forecast for the year to 1.3 million vehicles from 1.4 million.
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Volvo China sales jump 36% in October
Automotive News China
GOTHENBURG, Sweden -- Volvo Car Corp. says its China sales jumped 36 percent year on year in October to 6,917 units, as demand remained strong for its sedans and crossovers. The Swedish automaker's top-selling model in China last month was the S60L sedan, followed by the XC60 crossover.
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China to test gray-market car imports in Shanghai
Bloomberg
China said it will step up preparation of a trial program for gray-market car imports into Shanghai's free-trade zone, a move that could lead to lower prices for foreign brands in China. The government will adjust rules and accelerate work on carrying out a direct-import test program in the zone, the State Council said in a statement dated Oct. 23, which was posted on the central government's website Thursday.
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VW begins output at 2nd direct-shift gearbox plant
Automotive News China
Volkswagen Group launched production of direct-shift gearboxes at a new plant in the north China city of Tianjin to supply its ever-expanding fleet in China. The 265 million euro (2 billion yuan) factory, the second of its kind that VW has opened in China, can build up to 450,000 units of VW's redesigned gearbox annually. The plant's annual production capacity will increase to 1.2 million units by 2016, the German automaker said.
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Beijing to end limits on foreign-owned EV component suppliers
Automotive News China
The Chinese government is poised to reverse restrictions on foreign investment in companies making key components for electric cars and hybrids. The National Development and Reform Commission, China's central economic planning agency, this week published a revised version of its Catalog of Industries for Guidance on Foreign Investment for public comments. Under the updated catalog, the industry of key components for alternative energy vehicles has been placed in the category of industries where foreign investment is encouraged.
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