Home > 2006 > March

Auto sales up 44.62 percent in January

China’s automobile sales in the first month of 2006 were up by 44.62 percent year-on-year to more than 530,000 units, according to the latest statistics from the China Association of Automotive Manufacturers (CAAM).  Output was 521,600 units, up 28.24 percent.   Passenger vehicle (cars, MPV, SUV and minivan) sales reached 418,900

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Visionary Vehicles claims to raise $225 millio

Visionary Vehicles LLC founder Malcolm Bricklin announced last month that he had secured an investment of $225 million from a Connecticut investment firm, Atlantic Pacific Capital Inc., according to a report in Automotive News.   Bricklin said that the money would be used to fund product development in a joint venture with

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China ready to rein in looming overcapacity

The question of whether China’s automobile industry is overheated, and particularly whether the industry is now burdened by overcapacity, has been debated by government officials, industry experts and OEM executives since 2004, when market demand suddenly declined after two consecutive years of explosive growth.   Government officials voice concern   In recent months,

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Guangzhou Showa (Wuhan) breaks ground

Guangzhou Showa (Wuhan) Autoparts Co., Ltd. broke ground on January 11 in Wuhan of Hubei Province.   The latest auto parts production base set up by Japan’s Showa Corp. in China will serve as a subsidiary of Guangzhou Showa Autoparts Co., Ltd., which was established in 1994 with a total investment

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