Posts Tagged car market
Ford Sells Volvo to China
Posted by alibabarika in Automotive Articles on January 15, 2011
Volvo is heading east to China after owner Ford announced that Geely won pole position in buying the struggling manufacturer.
Ford said that despite some work yet to do, the deal is likely to be finalised in the spring. Now the green light has been given, the future of Volvo and the launch of promising upcoming models such as the S60 should ‘fingers crossed’ be secure.
Following the well executed sale of Jaguar, Land Rover and Aston Martin, Volvo is the last of Ford’s Premier Automotive Group brands to move on. Despite the sad move across the world, the sale to Geely will give them a vital foothold in the European market and while some believe china at only good at inventing chopsticks and fireworks, the move will greatly benefit the Chinese firm as Volvo’s research and development expertise and engineering skills will be a huge advantage, as its main interests are in improved quality and safety. In their defence the Chinese are already renowned for their safety in cars, therefore for Volvo to move over; it’s a very wise move and i have no doubt that this will be a positive and successful transition, moving Volvo forward to hopefully drive sales and generate a generous return on investment, after years of wallowing in a floundering business.
Toyota Doubles Its China Sales
Posted by alibabarika in Automotive Articles on January 15, 2011
Toyota Motor Corp. more than doubled its automobile sales in China for the first three quarters of the year. With said figures, its can be reflected that the automaker has outpaced Ford, Volkswagen and the rest of the automakers in said territory.
According to the report of Shanghai auto association, the Japanese automaker, the world’s second largest, sold 455,539 units from January to September this year. Moreover, it has gained 34 percent increase in the overall passenger car market of China. Aside from China, Toyota is also advancing aggressively in North America.
Toyota Doubles Its China Sales
Posted by alibabarika in Automotive Articles on December 1, 2010
Toyota Motor Corp. more than doubled its automobile sales in China for the first three quarters of the year. With said figures, its can be reflected that the automaker has outpaced Ford, Volkswagen and the rest of the automakers in said territory.
According to the report of Shanghai auto association, the Japanese automaker, the world’s second largest, sold 455,539 units from January to September this year. Moreover, it has gained 34 percent increase in the overall passenger car market of China. Aside from China, Toyota is also advancing aggressively in North America.
Electric Cars Imported From China
Posted by alibabarika in Automotive Articles on September 7, 2010
The ‘green’ car industry in China is known to have bright prospects. In 2006, at the Michelin Challenge Bibendum held in Paris, China’s ‘Chaoyue’ No.3 fuel cell driven car won four gold medals. The car consumes only 1.03 kg hydrogen for every 100 kilometres. And this has been possible due to five years of hard work of China’s car industry.
As part of its 10th five-year plan, China took the decision to put electric car research and development at the top of its agenda. This took place in 2001. All aspects of electric cars were given special attention including manufacturing, research, development of electric cars, and technology to drive them. Today, electric cars imported from China are ranked among the world’s best.