Tag Archives: chinese auto industry

Chinese Auto Market is Flying High – Exports a Threat

Posted on 12 March 2024 by Ken Zino

The Chinese auto market soared at the beginning of 2024, according to numbers and an analysis just released by the respected GlobalData* consultancy. Total Light Vehicle (LV) retail sales  – wholesales excluding exports – reached 2 million units in January … Continue reading →

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Ford China Sales Up 28% in February, But Down 15% YTD

Posted on 8 March 2012 by Ken Zino

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 →

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Saab Files for Bankruptcy. It’s All Over Except for Mourning

Posted on 19 December 2011 by Ken Zino

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 →

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GM China Sales Set October Record – Surpass U.S.

Posted on 8 November 2011 by Ken Zino

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 →

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Saab Files for Bankruptcy in Sweden. State to Pay Workers

Posted on 7 September 2011 by Ken Zino

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 →

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