Archive for the ‘Luxury’ category
Volvo sets sights on Chinese luxury market
AutoChina.org (Shanghai November 4)- Volvo’s largest and most expensive model is about to be unveiled, Shanghai Securities News reported CEO of parent company Geely Automobile Li Shufu as saying earlier this week. With those words, Geely has set its sights on competing with BMW and Mercedes to strengthen its hold on the luxury segment. Developing facilities to produce vehicles [...]
Nissan says may build Infiniti brand cars in China
AutoChina.org (Shanghai November 4) - Nissan Motor Co said it may build Infiniti cars in China and will locate its global headquarters for the luxury brand in Hong Kong as it targets wealthy consumers in burgeoning markets in Asia and elsewhere. Nissan, is considering a factory in Hubei province, owned by its joint venture Dongfeng Motor Co, [...]
Jaguar Land Rover: China will be top market
AutoChina.org (Shanghai November 4) – With its large population and increasing wealth, China is the top market for many foreign companies today – a lineup British carmaker Jaguar Land Rover is about to join. Phil Popham, group sales operation director for the company, said in a recent interview at its China headquarters in Shanghai that he [...]
Bentley offered £3 million government grant to sell cars in China
AutoChina.org (Shanghai November 3) - Bentley has been offered a government grant of £ 3 million to boost car sales in China. Regional Growth Fund will help the company take care of all its research and development expenses which it will entail to develop new engine technology especially for Chinese auto markets. Earlier, the company was offered £ [...]
BMW faces numerous complaints regarding X3 in China
Autochina.org (Shanghai October 20) - BMW has encountered some difficulties in the Chinese automobile market with several cases of the engine in its X3 SUVs spontaneously stalling. According to a report by Shanghai Securities News, the manufacturer has yet to offer a clear solution to the incidents. In light of lack of an official response, X3 (pictured) [...]
Another sales record for Audi China
AutoChina.org (Beijing October 17) - German luxury carmaker Audi AG is on track to another banner year in China with its highest-ever September sales of 29,188 vehicles. It has reported record monthly sales for seven consecutive months this year in the country’s premium car market. And by the first week of October, the carmaker had sold [...]
China auto imports grow 36% in first half
Chinese passenger vehicle imports in the first half of the year increased 36 percent, the Beijing Youth Dailyreported today, quoting figures from the China Automobile Trading Company. The increase in imports was led by luxury automobiles, which were over 70 percent than last year. Following natural disasters earlier in the year, the ratio of Japanese [...]
Carlsson to begin selling cars in China next month
Famed Mercedes-Benz tuner Carlsson will begin selling cars in China, with its first dealer opening its doors next month, xgo.com.cn reported earlier this week. The German manufacturer has reportedly begun laying the groundwork for its appearance at this year’s Guangzhou International Motor Show. Carlsson also plans to open a high-end showroom in the country by [...]
Audi to bring more new models to China
As plans to expand domestic Chinese production of Mercedes-Benz cars develop further, rival luxury brand Audi is instead embarking on importing more vehicles to the country. On the unveiling night of Audi’s R8 Spyder Matrix (pictured above), FAW-VW Sales Executive Vice President Zhang Xiaojun told the Beijing Youth Daily that the joint venture would be [...]
Subscribe to RSS
Subscribe to RSS or enter you email to receive newsletter for news, articles, and updates about what's new.