Analysts expect Fiat-Chrysler to miss 6-million sales target for 2014
CEO Sergio Marchionne's plan of boosting the vehicle sales of Fiat S.p.A. and Chrysler Group to 6 million, which is deemed necessary to guarantee survival, may take longer than... Read more
China to stop efforts to attract foreign investors in car manufacturing sector
China will end seven years of benefits for foreign investors in automobile manufacturing in order to allow for the "healthy development" of a market with sales growth dropping to a tenth... Read more
SAIC wants to triple the annual sales of MG and Roewe
The 21st Century Business Herald, a Chinese newspaper, said automaker SAIC Motor Corp. seeks to more than triple the annual sales of its proprietary MG and Roewe models to 700,000 units... Read more
Volkswagen considering new car brand for China
Volkswagen AG is in negotiations with its Chinese partners -- SAIC Motor Corp. and China FAW Group Corp. -- about developing a local brand as rivals prepare to begin sales of new models... Read more
SAIC Motor might gain access to GM’s sales network in the U.K.
SAIC Motor Corp. might be given access to partner General Motor Co.'s UK sales network, according to Kevin Wale, president and managing director for GM's China operations. At a Reuters'... Read more
A123 Systems will supply lithium-ion cells to SAIC
SAIC Motor Corp. has tapped US startup A123 Systems Inc. to supply lithium-ion cells to be used in an electric vehicle that’s due in 2012. At Advanced Traction Battery Systems Co. (the... Read more
SAIC might invest in GM’s initial public offering (IPO)
When asked about the possibility of investing in General Motors Co's initial public offering, SAIC Motor Corp. chairman Hu Maoyuan said that it has yet to make a decision but it does not... Read more
GM and SAIC expanding their partnership to develop small engine family and transmission
General Motors Co. and SAIC Motor Corp. further expands their 13-year partnership by agreeing to jointly develop small engines and transmissions. Last December, these two companies had... Read more
GM sells a 1% stake of its joint venture with China’s SAIC Motor Corp.
With SAIC Motor Corp.'s purchase of a 1% stake of its joint venture from General Motors Co. for $85 million, SAIC now has the majority stake. With the 51% stake SAIC holds in Shanghai GM,... Read more
GM unveiled EN-V (Electric Networked-Vehicle) Concept
General Motors Co. has strengthened its image as a supplier of non-polluting cars that would fit well with the crowded mega-cities of the future -- with its unveiling of a new electric... Read more
General Motors doubles its sales in China
China's auto market has been a major bright spot to General Motors this year.
In fact, GM sold 166,911 vehicles in China last month, according to a statement from the carmaker. For... Read more
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