Auto @ The China Perspective

Good times over for steel industry over: Baosteel boss

October 07,2008

By STAFF EDITOR

The boom period for the Chinese steel industry has come to an end and profit margins are at risk amid a glut of crude steel in the domestic market, Baosteel chairman Xu Lejiang told the ongoing Baosteel Annual Academic Meeting. “The curtain on mergers and acquisitions has been drawn now that upstream mining and the downstream auto and ship making indus...

Rocket Capital, Red McCombs to buy Brilliance Auto stake

October 06,2008

By STAFF EDITOR

Rocket Capital and Red McCombs have formed a consortium to acquire a 10-15% stake in Chinese automaker Brilliance Auto for US$100 million, the Shanghai Securities News reported. The consortium also plans to set up a joint venture with Brilliance Auto to sell the latter’s self-branded vehicles in the United States. “We always regard our export sec...

Geely tops profit growth tables among domestic carmakers

September 11,2008

By STAFF EDITOR

Rising costs, unchanged opportunity

September 10,2008

By ANDREW SIEGFRIED

Rising wages and commodity prices and a falling US dollar have done little to dent ASIMCO CEO Jack Perkowski’s enthusiasm for business in China, The China Perspective discovers

Raised sales tax on big cars unlikely to slow sales

August 20,2008

By TONY JIN

Increased sales taxes on large cars from September 1 have caused a short-term spike in sales. But as the Securities Times reports, carmakers and industry experts don’t expect the move to dampen sales in the long-term either.

SAAE to raise US$269m for two photovoltaic projects

July 29,2008

By STAFF EDITOR

China becomes major performance driver for global automakers

July 16,2008

By TONY JIN

Auto sales in China slowed slightly over the first half of the year amid rising oil and raw material costs and the disruptive effects of snowstorms and the devastating Sichuan earthquake. But the country still outperformed any other global market and gave hope to the world’s automakers, Xinhua writes

SAIC and FAW listed in Fortune 500

July 14,2008

By STAFF EDITOR

Hisense debuts thinnest LED TV

July 10,2008

By STAFF EDITOR

Carlyle invests US$87m in Chinese chemical producer

July 08,2008

By STAFF EDITOR

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Currently the second largest auto market in the world, China is believed to be the largest auto market in 20 to 25 years. With sales continue to go up, competition becomes fierce on parallel line. Foreign auto giants continue to seek local partnership to consolidate market position while prices cannot avoid concession. China saw sales of 1.804 million cars in the domestic market in the first half, up 46.9 percent year-on-year. The top ten companies are, in descending order: Shanghai GM, Shanghai Volkswagen, FAW Volkswagen, Chery, Beijing Hyundai, FAW Toyota, Tianjin-FAW Xiali, Geely, Guangzhou Honda and Dongfeng Peugeot Citroen.

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	Good times over for steel industry over: Baosteel boss October 07,2008 By STAFF EDITOR The boom period for the Chinese steel industry has come to an end and profit margins are at risk amid a glut of crude steel in the domestic market, Baosteel chairman Xu Lejiang told the ongoing Baosteel Annual Academic Meeting. “The curtain on mergers and acquisitions has been drawn now that upstream mining and the downstream auto and ship making indus... Rocket Capital, Red McCombs to buy Brilliance Auto stake October 06,2008 By STAFF EDITOR Rocket Capital and Red McCombs have formed a consortium to acquire a 10-15% stake in Chinese automaker Brilliance Auto for US$100 million, the Shanghai Securities News reported. The consortium also plans to set up a joint venture with Brilliance Auto to sell the latter’s self-branded vehicles in the United States. “We always regard our export sec... Geely tops profit growth tables among domestic carmakers September 11,2008 By STAFF EDITOR Rising costs, unchanged opportunity September 10,2008 By ANDREW SIEGFRIED Rising wages and commodity prices and a falling US dollar have done little to dent ASIMCO CEO Jack Perkowski’s enthusiasm for business in China, The China Perspective discovers Raised sales tax on big cars unlikely to slow sales August 20,2008 By TONY JIN Increased sales taxes on large cars from September 1 have caused a short-term spike in sales. But as the Securities Times reports, carmakers and industry experts don’t expect the move to dampen sales in the long-term either. SAAE to raise US$269m for two photovoltaic projects July 29,2008 By STAFF EDITOR China becomes major performance driver for global automakers July 16,2008 By TONY JIN Auto sales in China slowed slightly over the first half of the year amid rising oil and raw material costs and the disruptive effects of snowstorms and the devastating Sichuan earthquake. But the country still outperformed any other global market and gave hope to the world’s automakers, Xinhua writes SAIC and FAW listed in Fortune 500 July 14,2008 By STAFF EDITOR Hisense debuts thinnest LED TV July 10,2008 By STAFF EDITOR Carlyle invests US$87m in Chinese chemical producer July 08,2008 By STAFF EDITOR 1 2 3 4 5 6 7 8 9 10 Next	Currently the second largest auto market in the world, China is believed to be the largest auto market in 20 to 25 years. With sales continue to go up, competition becomes fierce on parallel line. Foreign auto giants continue to seek local partnership to consolidate market position while prices cannot avoid concession. China saw sales of 1.804 million cars in the domestic market in the first half, up 46.9 percent year-on-year. The top ten companies are, in descending order: Shanghai GM, Shanghai Volkswagen, FAW Volkswagen, Chery, Beijing Hyundai, FAW Toyota, Tianjin-FAW Xiali, Geely, Guangzhou Honda and Dongfeng Peugeot Citroen. Today’s Daily Briefs E-Mail Sign up for a roundup of the day’s top stories, sent every day. MOST POPULAR Shanghai MNC workers to get 10% pay boost: survey Shanghai Industrial Development takes control of Shanghai Haiji Real Estate Foshan launches $733m SME fund Changchun GE drugmaker builds new facility Sany Group merges subsidiaries Auto trade up in August Textile profits slow Investment in Shanghai manufacturing falls Beiqi Foton builds light truck plant in Sichuan province Goldman invests US$37m in NVC Lighting Go to Complete List >

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