Home > 2017 > January (Page 2)

How Lincoln got its way in China with the Lincoln Way (II)

China has turned into a second large pillar of revenue and profit for Ford Motor Co. There were a couple of encouraging trends in Ford’s China sales performance in 2016. First, sales of its SUVs – EcoSport, Kuga, Everest, and Explorer – continued to be strong. A second bright spot

| | | | | | | | | | | | | | | | | | Read More

How Lincoln got its way in China with the Lincoln Way (I)

China has turned into a second large pillar of revenue and profit for Ford Motor Co. There were a couple of encouraging trends in Ford’s China sales performance in 2016. First, sales of its SUVs – EcoSport, Kuga, Everest, and Explorer – continued to be strong. A second bright spot

| | | | | | | | | | | | | Read More

Mercedes-Benz to top BMW in China registration volume in 2016

According to data from CBU Analytics, China registered 209,741 premium brand passenger vehicles in November 2016, up 27.81 percent, accounting for 8.72 percent of total passenger vehicle registration volume in the month. Nearly two-thirds of the premium brand registration volume was locally produced. In the first 11 months of 2016,

| | | | | | Read More

FAW Group and Audi ink 10-year business plan, SAIC-Audi deal on hold

CHANGCHUN, Jilin – FAW Group and Audi AG signed a 10-year strategic business plan here on January 16 to intensify cooperation of the two partners that has spanned 29 years, just as news of SAIC-Audi planning to establish a sales company in March surfaced on the same day. The agreement

| | | | | | | | | | Read More

Chery to launch T17 SUV in ’17, eyes European and U.S. markets with “Lander Plan”

BEIJING – Chery Automobile Co., Ltd. plans to launch an all-new SUV model codenamed T17 this year and initiate what it calls a “Lander Plan” later in the year aimed at entering the European and U.S. markets, according to Jin Yibo, assistant to the president of the company. Jin announced

| | | | | | | | Read More

China auto aftermarket value to exceed £¤1 trillion in 2017, says Mintel report

BEIJING – China’s automotive aftermarket value is expected to reach ¥880 billion ($127.91 billion) by the end of 2016 and exceed ¥1 trillion in 2017, according to the 2016 China Automotive Aftermarket Report released recently by Mintel. Mintel also forecasts that it will grow to ¥1.654 trillion by 2021. According

| | | | | | | | Read More

Wanxiang 6th company to receive EV production license

BEIJING – Wanxiang Group, one of China’s largest automotive components suppliers, received approval from the National Development and Reform Commission (NDRC) on December 12 for its project to produce 50,000 range-extended electric passenger vehicles. The official statement of approval was published on the website of NDRC on December 20. Wanxiang

| | | | | Read More