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Tag Archives: chinese auto industry
Ford China Sales Up 28% in February, But Down 15% YTD
The new Focus, built at Changon 2 is the first of 15 new or revised models due from Ford China by 2015. If the downward sales trend continues, Ford Motor will be in financial trouble because three additional new manufacturing facilities are scheduled to open by the end of 2013. Continue reading
Posted in auto news, marketing, news analysis, results, sales
Tagged auto informed, autoinformed.com, automotive news, changon ford, chinese auto industry, ford china, gm china, Ken Zino, results
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Saab Files for Bankruptcy. It’s All Over Except for Mourning
The end of Saab was practically assured last Saturday when General Motors reiterated a long-standing position against Saab transferring GM intellectual property to the Chinese and having Chinese companies build a rebadged Cadillac SRX as a Saab in China. GM is the largest automaker in China, albeit with communist government dictated partners. Continue reading
Posted in auto news, economy, financial results, news, news analysis, results
Tagged auto informed, auto tariffs, autoinformed.com, automotive news, chinese auto industry, GM, Ken Zino, pang da, saab, saab bankruptcy, spyker, swan, trade, wto, youngman
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GM China Sales Set October Record – Surpass U.S.
During October 2011, sales by GM in China surpassed 2 million, reaching 2,113,274 units – more than the 2,000,000 units it has sold in the U.S. ytd. Two of GM’s manufacturing joint ventures surpassed 1 million annual sales in China, with Shanghai GM’s sales totaling 1,009,536 units and SAIC-GM-Wuling’s sales coming in at 1,053,196 units. This was the earliest in their history that GM and its joint ventures reached these sales milestones. Continue reading
Saab Files for Bankruptcy in Sweden. State to Pay Workers
In the months ahead, the Swedish government will pay Saab’s 3,700 workers while a reorganization plan is debated. Saab suspended worker payments in July, as the company only sold fewer than 13,000 automobiles and posted a loss of -€201.5 million during the first half. The grim reality is that Saab Automobile after decades of losses, changes of ownership and financial engineering has limited financial resources and options remaining. Continue reading
Posted in auto news, economy, financial results, news analysis, results
Tagged auto informed, auto news, autoinformed, autoinformed.com, automotive news, chinese auto industry, ec industrial policy, Ken Zino, saab, saab automobile, saab bankruptcy, saab reorganization, spyker cars, swan, zino
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