Toyota is eager to regain its “world’s largest automaker” title back. So by 2012, if things go according to plan, expect to see a lot more Toyota products on the roads: 8 million, to be specific. This target is 1 million more than what Toyota will build this year. The company is gunning for this lofty...
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If the Transformers really wanted to blend in with Earth technology in order to fight the Decepticons, they probably wouldn’t have transformed into a rare Corvette prototype, a flame-job purple 18-wheeler, or a bright yellow Camaro. After all, those aren’t exactly inconspicuous. You know what is, however? A Chevrolet Cruze. That’s why the Cruze gets...
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There used to be a time when China was an “export-only” nation. But with China all the rage, foreign companies are making their way into this burgeoning market, and Caterham Cars is the latest entrant. Caterham Cars has just signed an exclusive deal with Courtenay Trading International (CTI) as its exclusive importer. CTI will appoint...
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Having opened its first dealers in China in 2008, Aston Martin has announced plans to make a significant push into the world’s largest auto market. With an initial spread of four dealers in major centers such as Beijing, Chengdu, Hangzhou and Shanghai, the exotic British sports car brand will look to double its presence over...
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The masses have spoken, and they are numerous: China’s rapidly-growing car consumers are more likely to choose European brands than two years ago, instead of Japanese and homegrown Chinese cars. J.D. Powers surveyed China’s buying habits, and found that 32% would buy a European car—up from just 25% in 2009. The figures for Japanese car...
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Porsche is planning to double its sales to 200,000 units by 2018, and the German automaker is expecting the SUV side of sales to take the lead in achieving this goal, especially considering the Cayenne is already the best selling vehicle in its lineup. The automaker wants to increase production of the Cayenne by 10...
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Specially designed for the Chinese market, luxury luggage manufacturer Tumi has teamed up with MINI to make two “MINI Goes Tumi” models. The unique MINI concepts are coated in different paint schemes, Alpha (black) for one and Alpha Brave (Hunter Green) for the other, with contrasting highlights on the exterior. The rest of the cars...
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Although the company’s chief commercial officer Michael Van Der Sande said that Aston “came very late to the party in China,” the firm is making up for lost ground.
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China has just opened the world’s longest cross-sea bridge spanning 26 miles (42 kilometers) end to end. The Jiaozhou Bay bridge links China’s eastern port city of Qingdao to the island of Huangdao. The bridge is 110 feet wide, is the longest of its kind and cost a whopping $1.5 billion to build. The bridge...
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In car-crazy, luxury-crazy China, sales are booming across the board—except for poor, beleaguered Infiniti. Nissan aims to correct that. Infiniti is looking to double its current sales in China by the end of the year. Currently, Infiniti sold 160,000 cars around the world last year, including markets in China and America. Meanwhile, Lexus sold 400,000 in that...
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Volvo’s corporate overlords Geely will open a second plant in China, citing that Chinese production is a key factor in the Swedish company’s growth. The current Chinese plant is located in Daqing, an oil-rich region in northeast China that provided Geely with a majority of the $2.7 billion needed to buy Volvo from Ford. Now,...
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Lotus has officially announced that Lotus is opening dealerships in China. Lotus China Symphony will be appointed as the official distributor for the British sports cars in China. The dealership will be based out of Beijing and will offer a full range of Lotus sports cars including the Evora, the Elise and the Exige. China...
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The drama involving Saab is on-going and doesn’t seem to show any signs of slowing down. It seems every time the company starts production, something will cause the production line to stop, whether its money related or parts supply related, and often both. Saab was hoping to have some stability back in their lives after...
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The ghost of Saturn just can’t cut a break. GM is considering what to do with Opel, its German division that won’t be turning a profit anytime soon. GM last tried to sell Opel in 2009 before giving the ailing brand another chance. But despite increasing its lineup with new vehicles, and even increased sales,...
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To celebrate its 10th anniversary in China, Porsche has released a special 911 Turbo S for the Chinese market. The unique model is limited to just 10 units with no pricing announced, but we’re guessing it’ll be an exorbitant increase from the standard car’s already steep $160,700 MSRP. It featurea a gold exterior shade accented...
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Volkswagen has launched a new platform called “People’s Car Project” debuting in China. This allows internet users in China to post ideas about cars of the future at zaoche.cn. This project is hoping to inspire the Chinese with VW through the interactive content. The aim is for users to co-develop their Volkswagen model of the...
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We almost love it when we find things on the Internet that leaves us completely speechless. Unfortunately this find also made us throw up a little bit and shake our heads in disgust. This isn’t to knock the goals and dreams of an individual and having the determination to execute the task – but let’s...
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Saab has been surrounded by general corporate uncertainty and financial trouble over the last few weeks. The failed deal with China’s Hawtai Motor and Saab’s $100 million payment mishap with its parts suppliers have taken a toll on the Swedish automaker however the company may have a second chance. Saab announced on Thursday that it...
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China may be booming for cars—and luxury cars, at that—but American automakers still haven’t cracked the market. Cadillac saw a sales increase of 139 percent in 2010. Sounds impressive, doesn’t it? Not when you realize that it equates to around 17,000 vehicles—by contrast, Audi sold 115,353 A6 sedans alone. The Germans have dominated the Chinese...
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The movers and shakers of China are buying up luxury cars, and cars in general, at a dizzying pace. And Maserati is nothing if not on fire intuitive, so the skyrocketing sales in China are motivating the Italian company to expand even faster. There have been past murmurs of a “baby” Quattroporte, but the current...
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Ford Motor Company Chairman Bill Ford (great-grandson of Henry Ford) revealed to Fortune magazine that his namesake automaker will apparently launch a global line of electric vehicles, with 25 percent of Ford’s lineup available with some degree of electrification by 2020. Ford cited the electric Focus and both plug-in and fully electric versions of the...
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BMW will expand its Chinese joint venture with local automaker Brilliance, in an effort to build 300,000 cars per year in China. BMW’s joint venture near Beijing currently builds the 3-Series and 5-Series, and will add the X1 crossover in 2012. Plans call for new factories dedicated to vehicle assembly, stamping and a paint shop....
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Volkswagen will partner with Chinese automaker FAW to launch a new brand, which will build and sell electric cars for Chinese consumers. Plans were submitted to the Chinese government, although details of the vehicle weren’t publicly disclosed. Honda, Nissan and General Motors have recently expanded into creating their own Chinese market brands in partnership with...
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General Motors cruised to their fifth straight quarter in the black, announcing a gross profit of $3.2 billion, helped along by a sale of GM subsidiary Delphi for $1.6 billion in March. In a prepared statement, General Motors CEO Dan Akerson said “GM has delivered five consecutive profitable quarters, thanks to strong customer demand for...
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