Ford’s sale of Swedish automaker Volvo to China’s Geely Automotive may start next month. According to a report in Swedish business daily Dagens Industri, Geely is the only company to actually submit a competitive bid. In July Ford reps commented that the automaker was discussing with several potential buyers. Ford has reportedly set the a...
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General Motors’ sale of its Hummer brand to China’s Tengzhong may be completed within a week. The two companies have been working on a deal for Hummer since June, and an unnamed source said to be the discussions said a deal is imminent. “Tengzhong executives have been traveling between the U.S. and China in the...
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According to a report on Chinese state radio, the sale of Hummer by General Motors to heavy-equipment manufacturer Tengzhong will not go ahead. The report on China National Radio states that Tengzhong’s acquisition of Hummer goes against the government’s efforts to reduce pollution by manufacturing companies in China. Tengzhong released a statement in response to...
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According to a leaked document, General Motors is planning on selling Chinese-built cars to Americans in the near future. The document does not specifically state which vehicle or vehicles could be exported to the U.S., but it does suggest that small cars would be the focus. There is speculation that it could be a sub-compact...
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It’s a well-known fact that the Buick is a dominant force (and growing) in the Chinese marketplace, so it’s no surprise that the traditionally traditional brand used the Shanghai Auto Show to debut an important new concept. The real surprise is that this crossover is anything but traditional. The Buick Business MPV (Multi Purpose Vehicle)...
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After purchasing Jaguar and Land Rover from Ford, and then dumping hundreds of millions of dollars into the two British brands, Indian carmaker Tata is just beginning to see the light – thanks to the Chinese government. According to a report in the Business Standard, the Chinese government has just signed a deal with Tata...
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