Tag: SAIC

By on April 19, 2017

saic-motor-mg-crossover

SAIC Motor, China’s largest state-owned automotive manufacturer, is canceling its plans to export vehicles into North America. Likely fearful of the current administration’s trade proposals, SAIC is blaming President Donald Trump for its hesitation to enter the Western market.

Of course, the Chinese automaker isn’t ruling anything out entirely. Michael Yang, the executive director of SAIC’s international division, explained at the Shanghai motor show that the company might resume its plans for U.S. expansion once trade tensions ease between the two countries. As the Trump administration hasn’t exactly celebrated the idea of imported goods and foreign manufacturing, it could be a long wait. In the meantime, SAIC Motor will be focusing its efforts on the European market.  (Read More…)

By on March 11, 2016

MG6

As wonderful as the American marketplace is, there’s an entire world — literally — of cars out there that we just can’t get our hands on. In TTAC’s new series, “Foreign Affairs,” we look at forbidden fruit that you can buy brand new around the world.

As a not-so-closeted Anglophile, I’ve waited for the day that I could walk into an American showroom and drive home a new MG. The iconic octagonal badge reminds me of the MGBs that I restored with my father, and the possibility of a new car with that badge is another link to the man who made me a car enthusiast.

Of course, any time you buy an MG, there are three more letters that will come to mind: AAA. Buy the top-of-the-line package, with unlimited tows. Trust me.

(Read More…)

By on July 28, 2015

General Motors will invest $5 billion to build a global line of cars with Shanghai-based SAIC Motors that will be sold in Brazil, China and other emerging markets, the automaker announced Tuesday.

The cars won’t be sold in the United States, according to the statement.

The global vehicles will go on sale starting in 2019 and the automaker expects the line to eventually produce roughly 2 million cars annually.

(Read More…)

By on May 27, 2014

MG Icon

The last time MG sold roadsters in the United States, Jimmy Carter was President, ABSCAM (minus the efforts of Jennifer Lawrence, Christian Bale and Bradley Cooper) entered its final phase, and CNN had newsreaders instead of “news VJs.” Should the Sino-British brand be able to assemble a roadster worthy of those 1960s and 1970s classics, however, a new MGB might board a container ship bound for the U.S. in the future.

(Read More…)

By on April 25, 2013

News of GM potentially exporting cars from China to the United States in the near future has some wondering if the General will be the first OEM to sell Chinese made cars in the United States. One can have a diverse array of opinions on the political, social and economic impact of such a move, but from a product standpoint, it may not be such a bad thing.

(Read More…)

By on February 22, 2013

Max Warburton and his team. Warburton, of Bernstein Research, assembled a team to interview over 40 auto executives in China (both Chinese and foreign-born) and even bought two Chinese vehicles from Geely and Great Wall. Warburton had them shipped to Europe, where they were taken to a test track, driven extensively and then taken apart by engineers and automotive consultants. And it was far from pretty.

(Read More…)

By on January 28, 2013

GM’s CEO Dan Akerson gave an interview to Norihiko Shirouzu, one of the best men in Reuters’ impressive stable of automotive writers. Akerson disclosed two very scary pieces of information:

  1. GM hinged most of its emerging markets strategy on its Chinese JV partner SAIC
  2. GM will hinge most of its emerging markets strategy on SAIC and PSA (Read More…)
By on January 4, 2013

December sales in GM’s largest market China are likely to be less than exhilarating. The indicator: GM’s Chinese joint venture partner SAIC told Reuters that its December auto sales rose 7.1 percent from a year earlier to 350,380 vehicles.

This is much less than the 16.9 percent growth achieved in November. In the same month, GM’s China sales were up 9.7 percent. (Read More…)

By on December 6, 2012

In its darkest hour, GM handed China-partner SAIC half of GM’s India business in return for some cash. Recently,  GM injected cash (which it has again) into the joint venture, which resulted in GM owning 91 percent of the India business, and SAIC nine. That was widely lauded as GM regaining its independence. Some even said GM and SAIC don’t get along anymore. The opposite is true: GM and SAIC are expected to march hand in hand all over Southeast Asia. SAIC’s influence on GM is spreading. (Read More…)

By on November 23, 2012

MG, now owned by Chinese auto maker SAIC, is apparently gunning for Kia and beyond. But despite their lofty ambitions, MG hasn’t made much headway in the automotive world.

(Read More…)

By on November 12, 2012

Our other man in China, (the Dutchman, not Bertel) has some spy shots of a new General Motors EV. It looks like a Chevrolet Sail, but may not be dubbed as such.

(Read More…)

By on November 8, 2012

Talk about bad timing: One day after the elections that were preceded by the time-honored custom of China-bashing (with a little Japan-bashing mixed in, you never know) China’s largest automaker announced that the long feared attack of the Chinese car on American soil won’t happen anytime soon. (Read More…)

By on November 6, 2012

China’s SAIC told Reuters today that its October auto sales rose 20.7 percent year-on-year to 414,471 units. This indicates a very strong jump in Volkswagen sales. (Read More…)

By on October 22, 2012

Hong Kong, and I speak from experience, is a great place to incorporate, to save taxes, and to throw a cloak of secrecy over financial operations which otherwise would be out in the open. In the case of GM, it is also a great place to save their Korean behinds. In December 2009, GM sold a 1% stake in its Shanghai-GM (SGM) joint venture to the Hong Kong part of its Chinese partner SAIC for the paltry sum of $85m. GM also put its India business into a Hong Kong based joint venture (HKJV). GM provided the India business, SAIC provided cash. As it turned out later, unearthed in Ed Niedermeyer’s seminal oeuvre about the mystery golden share, SAIC also underwrote a $400 million loan. In its darkest hour at the end of 2009, GM was kept afloat by the Chinese. Now, history seems to repeat itself in some convoluted way. (Read More…)

By on October 17, 2012

 “It’s too early to say for sure whether GM will purchase the controlling stake in HKJV, and thereby regain full control of its India business. It is unlikely that SAIC will relinquish its grip on India, just because it suddenly can’t service the capital requirements of the HKJV. Possibly, more information will become available when GM files its Q3 paperwork, or possibly later.”

As it turns out, they did.

(Read More…)

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