Archive for March, 2008

FAW-VW hit by double-clutch transmission shortage

FAW-Volkswagen Automotive Company, the joint venture between China’s First Automobile Works (FAW) Group and Volkswagen (VW), cannot raise the output of 1.8T Magotans with six-speed dual clutch automated-manual transmissions due to limited supply of these dual-clutch transmissions, which is restricting sales of its Magotan range, reported SinoCast China Business Daily News recently.
The automaker, which fits [...]

GM Chevrolet Equinox being sold with Chinese-made engines

General Motors‘ popular car in North America, the 2005 Chevrolet Equinox, is now equipped with a Chinese-made V-6 engine, the Xinhua news agency said today, citing a New York Times report.
The 185-horsepower V-6 engine, the first powertrain imported from China to be used in a U.S.-made vehicle, is reported to be powerful, smooth, and quiet, [...]

SAIC-GM-Wuling adds capacity

SAIC-GM-Wuling Automobile Co. is adding new capacity in its hometown of Liuzhou. Besides a new production line, throughput is being increased in “all critical areas, from the body shop to the paint shop,” says General Motors spokesman Henry Wong.
The joint venture is also building new manufacturing and engine plants in Qingdao in the northeast China [...]

New Zealand, China to sign new trade deal

New Zealand’s prime minister said Sunday she would sign a groundbreaking free trade agreement with China on April 7 at Beijing’s Great Hall of the People.
The deal — which will give New Zealand access to the world’s fastest growing economy — is expected to boost exports to China by up to NZ$400 million (US$318 million; [...]

World’s largest soybean demand to support rally

China’s increasing soybean consumption, the world’s biggest, will sustain a rally in the prices of the oilseed, an executive of Noble Group Ltd. said.
The country consumes more soy cooking oil even as prices have doubled in the past year, and its increasing livestock need more soybean meal, Henry Wang, vice president of Noble’s China division, [...]

Tougher times ahead for Chinese investors

The good times may be over on China’s once soaring equity markets, but college student and stock punter Jason Zhao has a piece of advice for the nation’s jittery investors: don’t panic and sell.
While many investors have incurred huge losses as China’s stock market has plummeted 41 percent since its peak nearly six months ago, [...]

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