Tag: Asia

By on August 6, 2019

We’ve spent the better part of 2019 describing how unwell the automotive markets of China, Europe and North America have become, which might accidentally lead some to believe that most other markets are performing better. While Brazil expects continued expansion and a presumably healthy 2019, its rosy outlook is unique.

Japan saw a modest decline in registrations (just 0.3 percent) through the first half of the year, while Russia recorded slippage of 2.4 percent. But figures from India were far worse. In fact, the country is looking at the biggest sales slump in almost twenty years. Early estimates suggest passenger vehicle registrations may have plunged as much as 30 percent in July, after falling 17.5 percent just a month earlier. Most annual outlooks forecast a double-digit decline in overall sales.  (Read More…)

By on July 29, 2019

Subaru started its first full decade in North America in the Seventies, where it sold the microscopic rear-engined 360. By the Eighties the company had found its niche among crunchy granola types and professors with four-wheel drive wagons like the GL. But Subaru wanted more; specifically customers with more money. Enter the XT.

(Read More…)

By on July 17, 2019

Today’s QOTD marks the last post in the Nineties design discussion on which we embarked in the beginning of May. We discussed the good and bad points of Nineties design from America, Europe, and Asia. SUVs and trucks were off-limits initially, until we focused solely on them starting in June. As our final entry in the Nineties, we talk bad SUV and truck design from Asia.

(Read More…)

By on June 14, 2019

Real-estate conglomerate Vingroup JSC’s auto unit, VinFast, rolled out its first model today, which also means Vietnam officially has a automaker. Starting with the Fadil hatchback, VinFast eventually plans to produce a sedan, sport utility vehicle, and some electric motorbikes.

VinFast’s primary goals include flexing Vietnam’s burgeoning industrial abilities while supporting the country with affordable vehicles citizens might be interested in. Easier said than done when the nation’s average annual income is around $2,600. Yet Vietnam is growing by leaps and bounds, supplying more individuals with the means to purchase their own car.  (Read More…)

By on June 5, 2019

Today’s Question of the Day is a continuation of the styling theme we’ve had of late. The discussion centers around cars of the 1990s that aged poorly. First, we accepted submissions from America, followed up last week by Europe.

Today, we head east and consider Asia.

(Read More…)

By on April 2, 2019

General Motors plans on giving attendees of Auto Shanghai a crossover-themed enema later this month. Buick will introduce the second-generation Encore, as well as its larger GX variant, while Chevrolet focuses on the 2020 Trailblazer and Tracker.

While both models have vanished in the United States, replaced with the more tersely named Traverse and Trax, the Trailblazer and Tracker persist in Asia, Australia, and parts of South America. GM plans on debuting new editions of the pair in Shanghai on April 16th and has issued a teaser image (above) as a reminder — just like it did with the Encore.  (Read More…)

By on February 28, 2019

China might not be the kind of market everyone thought it was — one without a ceiling, boasting unlimited potential for growth. One by one, automakers find themselves having to confront economic reality.

Despite amassing a network of factories that could theoretically outproduce the rest of the world, the Asian country’s automotive sector only operates at about half its total capacity. That’s disconcerting. Even Europe, site of some serious industrial headwinds of its own, manages to operate around 70 percent capacity.

While the reasons for China’s woes are ludicrously complicated, one of the most pressing issues is that its economy is slowing much earlier than anticipated. Automakers, both foreign and domestic, almost universally believed that The People’s Republic would surpass the United States as the world’s largest automotive market — and they were right. But investments kept pouring in, factories were built, and the market started to cool prematurely. The situation only grew worse as incentives dried up and people began buying fewer cars; now, 2019 is shaping up to be a very bad year for the nation’s automotive sector.  (Read More…)

By on October 11, 2017

chinese-bmw-i3

German luxury automaker BMW is seeking to establish a joint venture with China’s Great Wall Motor. The prospective deal focuses specifically on electric vehicles, according to sources familiar with the matter. A cooperative relationship with Great Wall would be BMW’s second in the world’s largest auto market – and a necessary one, as China forces all foreign automakers to team up with local partners in order to do business within the country.

Great Wall Motor Co. is China’s largest SUV maker by volume, and witnessed a nearly 20-percent rise in its share price on Wednesday after Asian media outlets reported it was in talks to partner with BMW. (Read More…)

By on October 4, 2017

South Korea Chevy Malibu 2015

Officials from the United States and South Korea held a special session in Washington on Wednesday as part of U.S. Trade Representative Robert Lighthizer’s request to consider amending the two countries’ trade agreement. The joint talks serve to reassess the countries’ five-year pact, with the Trump administration aiming to diminish America’s growing trade deficit with South Korea.

One of the largest issues concerns the automotive industry. Korean rules stipulate a cap on the number of vehicles U.S. automakers can bring into the country each year that adhere to the country of origin’s safety standards. Presently, that quota sits at 25,000 vehicles per manufacturer. However, no U.S. company has ever made full use of the quota. General Motors, which is the most popular U.S. brand in South Korea, only sold 13,150 domestically built units in 2016.  (Read More…)

By on October 1, 2017

jeep renegade grille

It’s no secret the Japanese marketplace has never made room for American automobiles. Western cars have a serious image problem in the Land of the Rising Sun, compounded by an exceptionally high cost of entry that prohibits outside companies from wanting to risk establishing an extensive dealer network. The end result is a handful of American cars being sold every year — primarily in boutique shops as novelty items.

The exceptions are premium offerings from Europe and Jeep. That isn’t to suggest that Jeep products are common place in Japan but they are one of the few domestic offerings that have achieved any kind of sales consistency or growth within the country. It’s carving out a small place for itself in the Eastern market and putting other American brands to shame.

Jeep has a storied history in Japan. In the mid-nineties, it was mixing it up with other domestic brands — made more viable by a favorable exchange rate. A few years later, foreign automakers saw their already meager sales dwindling to practically nothing and some (Ford for instance) pulled out of the country entirely. But Jeep held on and became America’s number one brand in Japan. (Read More…)

By on September 26, 2016

2016 Lotus Evora 400

Lotus is waiting to see whose car pulls up to the orphanage, now that its parent company’s owners are looking for someone to take Proton off its hands.

The struggling Malaysian automaker, which bought a majority stake in Lotus in 1996, is being courted by at least three major automakers, Reuters reports. (Read More…)

By on May 13, 2016

2016 Nissan Titan XD PRO-4X Grille, Image: © 2015 Mark Stevenson/The Truth About Cars

Yesterday’s news that Nissan will buy a 34-percent controlling stake in Mitsubishi for $2.2 billion was the latest win for Carlos Ghosn, the man behind the Renault-Nissan Alliance of 1999 and possessor of many fingers in many pies.

Ghosn, CEO of both Nissan and Renault, inked the agreement with Mitsubishi as the other automaker battles a misleading gas-mileage scandal. At a price of 468.52 yen/share, Ghosn’s purchase of new shares was a smoking deal. Mitsubishi shares traded for 1,100 yen just last December.

What becomes of the two companies now? And how will Ghosn’s world-straddling empire benefit by snapping up beleaguered Mitsubishi? (Read More…)

By on October 5, 2015

Subaru Sambar

Twelve countries, including the United States, reached an agreement Monday on an historic trade agreement that could economically tie together more than 400 million people in Asian Pacific and American countries. The pact would cover trade for wide ranging products, from rice to pharmaceutical drugs to cars.

The Trans-Pacific Partnership, which negotiators have been working on for eight years, would thaw trade relations among countries included in the regional zone, including Japan and the United States. For automakers in both countries, the tentative deal includes provisions for Japanese automakers to (eventually) bring light-duty trucks to the U.S. For American automakers, part of the proposed agreement included a side deal between America and Japan to allow access for U.S. automakers to traditionally closed Japanese markets.

The agreement faces an uphill battle to get congressional approval; House Republicans and presidential candidates already have roundly dismissed the deal.

(Read More…)

By on October 4, 2015

Toyota Cavalier

A possible partnership deal between North American countries and Pacific countries may include provisions to penalize Asian governments for not opening up their markets enough for U.S. automakers, Bloomberg reported.

According to the report, negotiators are close to concluding talks regarding automobiles, which has been a contentious point during the talks. The CBC reported that talks in Atlanta were at a critical stage over pharmaceutical drugs, and any eventual deal may be delayed by an upcoming G20 meeting in Turkey.

Talks regarding automobiles have been focused on sourcing local content for each car. North American Free Trade Association rules mandate that cars made within the zone have 62.5 percent of its content sourced within the zone. Asian manufacturers have pressed for lower standards for sourced content in a bid for reduced manufacturing costs.

(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…)

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