The Truth About Cars » Schmitt http://www.thetruthaboutcars.com The Truth About Cars is dedicated to providing candid, unbiased automobile reviews and the latest in auto industry news. Tue, 12 Aug 2014 17:15:57 +0000 en-US hourly 1 http://wordpress.org/?v=3.9.2 The Truth About Cars is dedicated to providing candid, unbiased automobile reviews and the latest in auto industry news. The Truth About Cars no The Truth About Cars editors@ttac.com editors@ttac.com (The Truth About Cars) 2006-2009 The Truth About Cars The Truth About Cars is dedicated to providing candid, unbiased automobile reviews and the latest in auto industry news. The Truth About Cars » Schmitt http://www.thetruthaboutcars.com/wp-content/themes/ttac-theme/images/logo.gif http://www.thetruthaboutcars.com Trade War Watch 8: China Probes US Bailout http://www.thetruthaboutcars.com/2009/11/trade-war-watch-8-china-probes-us-bailout/ http://www.thetruthaboutcars.com/2009/11/trade-war-watch-8-china-probes-us-bailout/#comments Tue, 17 Nov 2009 10:40:21 +0000 http://www.thetruthaboutcars.com/?p=335847 As U.S. President Barack Obama landed in Shanghai for a weeklong visit to his largest creditor, China, the news awaited him that China’s Ministry of Commerce will investigate the U.S. government’s financing and rescue plans for the American auto industry, Shanghai Daily reports. The move is part of China’s probe into possible dumping and subsidies […]

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As U.S. President Barack Obama landed in Shanghai for a weeklong visit to his largest creditor, China, the news awaited him that China’s Ministry of Commerce will investigate the U.S. government’s financing and rescue plans for the American auto industry, Shanghai Daily reports.

The move is part of China’s probe into possible dumping and subsidies on U.S.-made vehicles imported to China, the ministry said. Trade officials will be looking for dumping practices and for unfair government subsidies.

Ministry spokesman Yao Jian said China’s probe will look into 24 items which include the U.S. government’s rescue and restructuring plans for the auto industry as well as government subsidies on new-energy vehicles and its “cash-for-clunkers” incentive program.

The concerned U.S. automakers have the right to defend themselves with evidence presented to Chinese investigators by registering within 20 days after China started the probe of U.S. auto imports on November 6, and corrective action must be taken within 60 days after a case is registered.

The investigation applies to sedans and off-road vehicles with engine displacements of 2.0 liters or more, and the whole process of the probe and ruling is expected to be completed within 12 months.

The probe is widely seen as a tit-for-tat measure after Obama imposed punitive tariffs on Chinese tires and steel pipes. These investigation have become a common occurrence: The U.S. has carried out 13 investigations against Chinese products this year for alleged dumping and illegal subsidies.

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While America Slept. Thursday, February 5th 2009 http://www.thetruthaboutcars.com/2009/02/while-america-slept-thursday-february-5th-2009/ http://www.thetruthaboutcars.com/2009/02/while-america-slept-thursday-february-5th-2009/#comments Thu, 05 Feb 2009 09:31:02 +0000 http://www.thetruthaboutcars.com/?p=239861 An overview of what happened in other parts of the world while you were in bed. TTAC provides round-the-clock coverage of everything that has wheels. Or has its wheels coming off. WAS is being filed from Tokyo this week. GM flirting with FAW: GM is holding discussions with major Chinese automaker FAW Group to form […]

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An overview of what happened in other parts of the world while you were in bed. TTAC provides round-the-clock coverage of everything that has wheels. Or has its wheels coming off. WAS is being filed from Tokyo this week.

GM flirting with FAW: GM is holding discussions with major Chinese automaker FAW Group to form a partnership for light commercial vehicles, Reuters reports. The two parties have already registered a name with the State Administration for Industry and Commerce, which is the first step of Chinese joint venture courtship. GM already makes light commercial vehicles in China in a three-way tie-up with SAIC and Liuzhou Wuling. GM manufactures Buicks in Shanghai with SAIC, China’s largest auto maker. FAW, one China’s three biggest automakers, operates car manufacturing ventures with Volkswagen and Toyota. SAIC is also in a joint venture with VW. SAIC and FAW have been considered bitter rivals, although there are reports of a thawing. GM said its commercial vehicle venture in China sold 19.7 percent more vehicles in January than a year earlier, helped largely by sales of the Wuling Sunshine minivans.

Mitsubishi abandons Dakar: Mitsubishi Motors Corp will pull out the fabled Dakar Rally as part of steps to cope with worsening earnings, the Nikkei [sub] says. The move “is expected to cut costs by a few billion yen,” a company official said. Mitsubishi Motors won the rally 12 times, including a seven-year winning streak. Through a motor sports subsidiary, the firm will continue to support the rally by offering technological information and supplying parts to teams of individuals participating in various events.

Arigatou, but no arigatou: Mitsubishi Motors does not intend to seek government funds, the Nikkei [sub] reports. Mazda also said it “is not considering receiving public funds,” according to Nobuyoshi Tochio, general manager of the financial services division.

Honda’s new hybrid: Honda introduced an all-new Insight hybrid that the firm hopes will help it overtake rival Toyota in one of the few auto segments not yet affected by dismal sales, the Nikkei [sub] writes. Slated to hit dealerships Friday, the car will carry a starting price of 1.89 million yen, about 20 percent less than Toyota’s best-selling Prius hybrid. Honda’s proprietary new technology enabled it to make the vehicle lighter and more compact than its existing hybrids, thus pushing down production costs by about 40 percent.

Fiat tries again in China: Fiat has found new Chinese partners after its Nanjing fiasco¬†. Its multiple tie-ups with Chery Auto, Guangzhou Auto and Changan Suzuki are awaiting the approval of China’s auto regulatory bodies, Gasgoo reports. The joint venture applications may have results next month. Changan Suzuki will make Fiat’s Sedici, a crossover model jointly developed by Fiat and Suzuki in Europe. Suzuki’s European facility has OEM operations for Fiat, and the Japanese carmaker’s Chinese venture said it could do the same job.

No foreign brands allowed: Volkswagen’s central parts depot is in Baunatal (in the district of Kassel, in Hesse, Germany). It’s a huge place. If you want to do business with them, you’d better drive a car made by VW (anything from a Seat to a Bugatti will do). If you arrive in a competing make, you will walk, Automobilwoche [sub] reports. Even if you deliver a truck full of parts.

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