Tired of dealing with an American company tied up lawsuits, Chinese automaker Hebei Zhongxing Automobile Co. has terminated its contract to supply Chamco Auto with vehicles.
Would-be importer Chamco was put into the hands of a legal custodian in April by an American court. Since then, more than a dozen executives with automotive expertise have resigned, [...]
Following its “Drive to Green” strategy to the China market, Shanghai General Motors (GM) plans to launch Cadillac Escalade Hybrid in the middle of 2009, www.cheshi.com reports, citing sources of Cadillac division in Shanghai GM.
The Escalade is a SUV model that operates at times solely or partly on GM’s dual-mode hybrid electrical drive system which [...]
Let’s talk a little bit about the role of supply and demand in determining energy prices, in particular the interplay between demand from the U.S. and other western nations and the demand from China and other emerging market economies.
First, here is a graphic from the WSJ depicting the YoY change in gasoline consumption in the [...]
Sales of sport-utility vehicles in China, the fastest-growing segment of the country’s auto market last year, may slow after the government raised gasoline prices, Fitch Ratings Ltd. said.
The increase “will change motorists’ behavior and push them toward vehicles with better fuel consumption,” Fitch analyst Matthew Kong said by phone on June 20. “The change of [...]
China’s domestic automobile sales may increase 15% to 10 million vehicles this year, mainly on the back of strong demand for passenger cars, said a senior official of the China Association of Automobile Manufacturers.
Demand for passenger cars remains robust, although business vehicles sales growth has slowed down, said Dong Yang, vice chairman of the association [...]
The first batch of 32 unit Uruguay-built Chery Tiggo SUVs went on sale in the Argentine market, local Argentine newspaper La Nacion reported last Saturday.
The report cited Argentine dealers as saying that under the new free trade negotiations made between Uruguay and Argentine, Uruguay is free to export around 20,000 vehicles to Argentine every year, [...]
