The New York Times, March 28, 2016 by Keith Bradsher A Cadillac exhibited under water with goldfish in Guangzhou, China. Automakers have pinned their hopes on China, but its economy is cooling. CreditZhong Zhi/Getty Images SHANGHAI — The new $1.3 billion Cadillac factory on the outskirts of Shanghai is...
Automotive News, March 14, 2016 New-energy push bolsters investment by Alysha Webb In 2013, Mike McQuary, CEO of Wheego Electric Cars, was in a bind. The maker of small electric vehicles needed expansion funds. But with high-profile electrified vehicle makers like Fisker and Coda struggling, the appetite in the...
The Wall Street Journal, March 7, 2016 Many car makers posted declining sales in China in February. Above, a SAIC-GM-Wuling Automobile manufacturing plant in Qingdao, Shandong Province. Photo: European Pressphoto Agency By Christina Rogers Updated March 7, 2016 8:57 p.m. ET General Motors Co. and Ford Motor Co. both posted steep sales declines in China last...
Bloomberg Television, March 2. 2016 Bill Russo, Gao Feng Advisory Company's managing director, discusses China's auto market with Bloomberg's Angie Lau on "First Up." (Source: Bloomberg) Click here to watch the video at bloomberg.com...
The Financial Times, March 1, 2016 You have probably read, in the Financial Times and elsewhere, that China is the world’s largest car market. It is not. It is the world’s largest new car market, with sales of 21.1m units last year compared with 17.4m in the US....
The Financial Times, February 25, 2016 China’s efforts to take the lead in electric vehicle development will focus on battery technologies and public vehicle fleets, in a bid to kick an over-dependence on subsidies, according to officials. Premier Li Keqiang vowed to “step up support” for the electric...
NBC News, February 18, 2016 Aston Martin is going electric. The very British car manufacturer -- best known for its association with that other perfectly proportioned British export, James Bond -- just inked a deal with China's LeEco to make an electric version of the luxury car...
The Associated Press, February 5, 2016 In this Feb. 2, 2016 photo, real estate agent Chen Xiao, top center in white, poses with passengers from left top, He Shaolei, Han Ajuan, Han's son Miao Ruijing, Zhang Tao and Li Jin before they start their journey back...
The New York Times, January 21, 2016 SHANGHAI — General Motors Co. opened a Cadillac factory in China on Thursday to target the country's growing but crowded luxury car market. The 8 billion yuan ($1.2 billion) factory operated with its main Chinese partner, Shanghai Automotive Industries Corp.,...
The Financial Times, January 6, 2016 Beijing plans to shake up the domestic car market by relaxing restrictions on dealers so they can sell vehicles from multiple makers. China’s Ministry of Commerce, which oversees car sales, has published for public comment rules that would bar manufacturers from...
