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Saturday, March 24, 2012

China Automobile Industry News--3.22.12

 
Tata JV in China to heat up competition in luxury car market
Economic Times
The entry of Tata's Land Rover in China, which emerged as the world's largest luxury car market with sales of 9.50 lakh high-end vehicles last year, will heat up the competition in this segment here, analysts said. Tata Motors-owned, UK-based Jaguar ...
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China moves to prop up struggling auto industry
San Francisco Chronicle
The government's push to have its legion of employees riding in Chinese brand cars - chosen from an approved list of 412 models issued by the Ministry of Industry and Information Technology - seems to have a mercantilist aim: to protect China's ...
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Tata Motors' Jaguar Land Rover to invest over Rs 2800 crore in China JV
Economic Times
NEW DELHI: Tata Motors-owned Jaguar Land Rover will invest 3.5 billion yuan (over Rs 2800 crore) in its joint venture with Chery Automobile in China to commence local assembly in the Asian country. The two auto makers, which announced the equal joint ...
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Luxury Carmakers Face Price Challenge in China
Business 2 Community
The news comes from cheshi.com, a website that tracks prices at over 3000 car dealerships in China, and has been noticing the trend since 2009. But Mercedes is not alone in their pricing tumbles. BMW's 7-series and Audi's A8Ls are both currently ...
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China urges recall of Renault cars
People's Daily Online
By Zuo Ya (People's Daily) China's consumer quality watchdog has urged the manufacturer of imported Renault automobiles to recall the Megane 2.0 and Scenic 2.0 cars and take immediate action to remove potential safety hazards.
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China's Chery, India's Jaguar Defy Car Sales Doom, Forge Joint Venture
International Business Times AU
By Esther Tanquintic-Misa | March 22, 2012 1:29 PM EST Despite sales of automobiles in China seen to lose its spark this year owing to economic cuts and rising fuel costs, domestic car manufacturer Chery announced on Wednesday it has reached an ...
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International Business Times AU

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