Home > 2011 > April

Honeywell developing turbochargers for China vehicle applications

SHANGHAI – Honeywell International, Inc. displayed a number of locally produced turbocharger solutions at the just concluded Auto Shanghai 2011 in response to rising demand in the world’s fastest growing automotive market, according to the company’s press release. Headquartered in Morristown, New Jersey, Honeywell supplies its turbochargers to several Chinese-brand

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Saab near cash deal with Chinese carmaker, sources say

Saab is negotiating an investment and production deal with three Chinese carmakers, which may result in a deal within days, two people with direct knowledge of the matter told Bloomberg News. Saab is in talks with Great Wall Motor Co., China Youngman Automobile Group Co. and Jiangsu Yueda Group Co.,

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BAIC subsidiary to acquire 100 percent stake in Inalfa Roof Systems

BEIJING – Inalfa Roof Systems China made an internal announcement in late April that Beijing Hainachuan Automotive Parts Co., a subsidiary of State-owned automaker Beijing Automotive Group (BAIC), will acquire a 100 percent stake in its parent company, Inalfa Roof Systems, China Business News reported. BAIC will retain the Dutch supplier’s current

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China to limit foreign firms’ stake in auto parts JVs

BEIJING – The National Development and Reform Commission (NDRC), China's economic planning body, said in a revised draft of the Catalogue for the Guidance of Foreign Investment Industries published on April 1 that the foreign firm should hold no more than 50 percent stake in a joint venture manufacturing key

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SAIC and Volkswagen sign cooperation documents for JV’s R&D projects

WOLFSBURG, Germany – SAIC and its German partner Volkswagen signed three cooperation documents at Volkswagen headquarters on April 14 regarding new engine technology and vehicle platform as well as new energy vehicle project of their joint venture, Shanghai-Volkswagen, according to a company news release. According to these documents, the two

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BYD announces EV fleet testing results

SHENZHEN, Guangdong –BYD, in which Warren Buffett owns 10 percent, announced the results of several of its EV pilots fleet testing across the world on April 29, the one year anniversary of the world’s largest all-electric vehicle Taxi fleet, according to the company press release. Fifty of the BYD’s e6

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