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Benteler and FAWAY establish JV in Tianjin to produce chassis components

TIANJIN – Benteler Automotive and FAWAY Automotive Components Co., Ltd., a subsidiary of FAW Group, signed a contract on June 4 here to establish a new joint venture to produce press, hot forming and aluminum parts as well as chassis systems. FAWAY Benteler Automotive Components (Tianjin) Co., Ltd. will help

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Sales performance of China’s major large bus makers in May 2017

BEIJING – China’s large bus (including chassis) sales came to 5,076 units in May, up 29.79 percent from the previous month, but down 8.38 percent from the same period of last year, according to a report on cvworld.cn citing statistics by China Association of Automobile Manufacturers (CAAM). Large bus sales

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Organic growth and acquisitions key drivers as Magna aims to double China sales to $6 billion in 2019

SHANGHAI – Magna International expects organic growth in its sheet metal and seating business and new business in transmissions generated by its acquisition of Getrag will drive its sales revenues in China to $6 billion in 2019, nearly twice the $3.1 billion achieved in 2016. James J. Tobin, chief marketing

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Schaeffler and CPS agree strategic partnership

HERZOGENAURACH, Germany – Schaeffler and CITIC Pacific Special Steel (CPS) signed a strategic partnership agreement here to strengthen their business relationship both economically and technologically, according to a news release by Schaeffler on March 31. The Chinese CITIC Pacific Special Steel Group is China’s largest manufacturer of special steel. CPS

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China automobile sales up 16.55 percent in November

BEIJING – China’s automobile sales in November increased 16.55 percent from the previous year to 2.94 million units, according to data released by China Association of Automobile Manufacturers (CAAM) on December 12. Passenger vehicle sales reached 2,590,200 units, up 17.25 percent, while commercial vehicle sales reached 348,500 units, up 11.7

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Continental celebrates 15th anniversary of CASS plant

SHANGHAI – Continental celebrated the 15th anniversary of Continental Automotive Systems Shanghai (CASS) plant located in Shanghai Jiading district, according to a company press release on August 18. Established in 2001, CASS plant manufactures products for Continental’s three automotive divisions: Chassis & Safety, Powertrain, and Interior. The total space of

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Commercial vehicle sales in May: slower growth for trucks, faster downfall for buses

According to the latest data from China Association of Automobile Manufacturers (CAAM), 292,800 and 298,600 commercial vehicles are produced and sold respectively in May. Sales dropped 13.01 percent from April but were up 1.40 percent from May 2015. The top 10 selling commercial vehicle manufacturers, in order of sales,

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China automobile sales increase 9.75 percent in May

BEIJING – China’s automobile sales in May were up 9.75 percent from the previous year to 2.09 million units, according to data released by China Association of Automobile Manufacturers (CAAM) on June 13. Passenger vehicle sales reached 1,793,000 units, up 11.27 percent year-on-year, while commercial vehicle sales reached 298,600 units,

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Schaeffler sets out strategy for China truck market

SHANGHAI – Schaeffler Group, the world’s leading supplier of integrated automotive and industrial products, is making great progress in the Chinese truck market. On May 26, the “Schaeffler-Sinotruk Technology Seminar” was held at the headquarters of China National Heavy-Duty Truck Group Co., Ltd. (Sinotruk) in Jinan. The products that Schaeffler

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