Geely founder and chairman, Li Shufu
Last week we reported the Geely and Volvo, which is owned by the Chinese car company, will be jointly developing cars and there was speculation if those cars would be sold in America. Now Bloomberg reports that some of those cars will indeed be exported to the United States. That would achieve the goal of Geely chairman Li Shufu that he set when Geely first showed product at the 2006 NAIAS in Detroit. At the same time, Volvo dealers in the U.S. and the company’s American sales unit have been trying to get more Swedish made Volvos shipped here.
Gui Shengyue, current CEO of Geely, said in an interview last week, “Our acquisition of Volvo enhanced our image and overseas consumers are seeing us as an international company. Our deliveries in U.S. and Europe will be banking on those jointly developed models.” (Read More…)
Rather than provide any commentary about Kia, branding or Chinese cars, I present to you, the Horki DYK Concept. Read that aloud and then tell us what you think of the car – and its moniker
Today was a historic day in my automotive life; I drove my first Chinese car.
Three years ago, I was counting down the days until Honda tossed me the keys to their Formula Red S2000 press car. Times have changed, and so have I. Honda doesn’t have anything remotely that cool in their lineup, and I’m getting excited to drive the first Chinese car from a major OEM to be sold on our shores. Yes, it comes from the Big H.
Lotus may not have been sold to the Chinese (yet) but someone else was. And they’ve been making cars for over a year. Supposedly, they’re not bad to drive either.
Coda Automotive withdrew a Department of Energy loan application after two years of waiting. The $334 million loan was supposed to have gone towards establishing an assembly plant in Columbus, Ohio, but for now, production will continue in China.
Our man Bertel Schmitt is en route, all set to cover the Beijing Auto Show for the next two days. By our count, there are over 70 debuts, with many of them being Chinese market products; concept cars, older vehicles re-issued and manufactured in Chinese JV factories and obscure concept cars. A complete list, with a brief description can be read at just-auto.com for anyone really interested in the Brilliance Jinbei Large Sea Lion Camper or the HaiMa Yao.
From London’s Telegraph to Fox News, from Autoblog to Autoguide, the story this week is that the Chinese will turn against foreign carmakers by mandating that the Chinese government only buys Chinese cars. Why was TTAC not writing it? I learned to ignore that story. I have lived in China since 2005, and just about every year, there was an announcement that the Chinese government will from now on only buy Chinese. It never happened. Despite the annual announcements, foreign brands still account for 80 percent of the Chinese government motor pool. But maybe it’s different this time? (Read More…)
Could Saab end up in Turkish hands? According to Bloomberg, Turkish private equity firm Brightwell Holdings will bid for the remnants of Saab, with a view to producing cars again.