Archive for the ‘China’ Category

Porsche Plugging In: Half its Line-up Will Be Electrified

German carmaker looking to expand battery-electric use.

by on Jan.18, 2018

Porsche is moving forward with its newest electric vehicle, the Mission E, as it expands its electrification efforts to half of its line-up.

It will be another year before Porsche’s first pure battery-electric vehicle, the Mission E, finally reaches market, but the German sports car brand already is laying out big plans to electrify.

Fully half of all Porsches will use some form of battery power by 2023, according to a presentation by Porsche Cars North American CEO Klaus Zellmer. That is expected to include not only the hybrids and plug-in hybrids currently in the line-up, but also additional BEVs like the Mission E. Porsche officials have also suggested they will eventually electrify even such classic core models as the iconic 911.

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While such a move might be a stretch for traditional Porsche buyers, the brand has begun bringing in younger buyers who are more open to experimentation, said Zellmer, speaking at the annual Automotive News World Congress. Nearly 80% of the customers who are signing up for the new Porsche Passport subscription service “have not owned a Porsche before,” he noted. (more…)

Caddy Chief “Highly Optimistic,” Despite Struggles in U.S.

De Nysschen counting on new crossovers to help reshape the brand.

by on Jan.17, 2018

Cadillac President Johan de Nysschen has had to reshape his product plans to favor SUVs.

Cadillac chief Johan de Nysschen is proving himself to be a “glass full” kind of guy. Despite ongoing struggles in the U.S., he is optimistic General Motors’ luxury brand’s revival is “proceeding according to plan.”

Of course, it helps to know that Caddy is rapidly gaining ground in China, the world’s largest market – which also happens to be generating more sales than the U.S. these days. There’s also the fact that the new XT4, a critically needed new SUV will be in dealer showrooms late this year, with another new product set to roll out every six months through at least the end of 2020.

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“At the conclusion of this first phase of the plan, Cadillac will be armed for the first time with a family of premium crossover vehicles, positioning us well to exploit market preferences,” de Nysschen said during a presentation to the Automotive News World Congress.

(more…)

Cadillac Takes Aim at New Record

Division chief says there is still work to be done.

by on Jan.16, 2018

Cadillac President Johan de Nysschen said the luxury division is enjoying strong sales, but still has work to do.

Cadillac expects to set another global sales record in 2018 thanks to the strength of strong sales in China where the brands sales of surpassed more than 200,000 units in just four years.

Johan de Nysschen, General Motors executive vice president and Cadillac Global president, spread that bit of good news during an appearance at the Automotive News World Congress today; however, he added that Cadillac’s transformation is still very much a work in progress.

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U.S. sales dropped last year and Cadillac is still grappling with cultural issues, particularly with its dealer organization in the United States, which has long depended on deals to help move the metal, he acknowledged. Cadillac will continue to face challenges in the U.S. again this year. (more…)

Lamborghini Says New Urus Will Soon Have Companion Model

World’s fastest SUV makes North American debut.

by on Jan.16, 2018

Lamborghini's first-ever sport-utility vehicle, the Urus, made its North American debut in Detroit.

What’s being billed as the “world’s fastest” sport-utility vehicle has made its North American debut at the Detroit Auto Show.

But the 189 mph super-ute won’t live alone in the Lambo line-up, at least not for long, officials with the Italian automaker telling TheDetroitBureau.com that they are already working on a second model that will join the Lamborghini Urus in showrooms about two years from now.

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During a presentation in downtown Detroit, the Italian automaker’s Chief Technology Officer Maurizio Reggiani stressed that the Urus deserves to be viewed as a true Lamborghini, and not some sort of quirky compromise, because it “shares the strong DNA that comes from our sports cars.” (more…)

No Sale: FCA Not Negotiating with Chinese Nor Willing to Sell Off Jeep, Says Marchionne

Exec plans to release his final 5-year plan this quarter and then name his successor.

by on Jan.15, 2018

Marchionne plans to reveal his successor a few months from now but confides no women are in the running.

Fiat Chrysler Automobiles isn’t open to selling off its Jeep brand nor has it fielded any offers for a complete takeover by a Chinese company, FCA Chief Executive Sergio Marchionne said during a media roundtable at the North American International Auto Show in Detroit on Monday.

Marchionne said he wanted to clear up reports that have, in recent months, suggested Fiat Chrysler was up for sale – or that it was willing to let go of some key assets, such as the Jeep or Ram brands. But the executive did not rule out a closer relations with GAC, the Guangzhou-based automaker that serves as its partner in the Chinese market.

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“Without them we could not have gone as far as we have in China,” said Marchionne, who stressed “We are not going to break up (the company and) we are having no discussions with anyone in China interested in acquiring us.”

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GAC Plans to be First to Sell Chinese-Branded Vehicle in U.S.

Company plans to sell small SUV in Q4 2019.

by on Jan.15, 2018

GAC Motor Chairman Feng Xingya says the company will sell SUVs in fourth quarter of 2019.

GAC Motor plans to sell the first Chinese-branded vehicles in the U.S. as it is targeting the fourth quarter of 2019 to begin selling a small sport-utility in the U.S. market.

Company officials told attendees at its press conference attendees at the North American International Auto Show today that it has been preparing to enter the U.S. market for two years. It established an R&D Center last April in Silicon Valley to develop intelligent vehicle systems, driverless cars and other new energy vehicle technologies.

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Additionally, the company plans to open a second center in Detroit or the surrounding suburbs in the first half of this year to concentrate on more conventional development activities as well as a design studio that will be based in Los Angeles. (more…)

Live From Detroit!

Are Sedans a Dying Breed?

by on Jan.15, 2018

The 2018 North American International Auto Show is making big news this week and revealing some of the significant trends reshaping the auto industry.

Of course, TheDetroitBureau.com is still combing the show floor to bring stories and analysis so keeping checking the site often for additional must-know news and the latest updates. (more…)

China Posts Meager Auto Sales Gain in 2017

Sport-ute led the way to small 1.4% increase last year.

by on Jan.12, 2018

Auto sales in China increased marginally for 2017, but they were led by sport-utilites.

China’s auto sales stalled in December and ended 2017 up a meager 1.4% compared with a year ago results as the popularity of SUVs helped to offset falling demand for sedans, the China Association of Automobile Manufacturers said.

With global car makers such as General Motors, BMW, Volkswagen AG, Mercedes-Benz, Toyota and Nissan all reporting solid, but not spectacular, gains during 2017, smaller local brands common to almost every province and international brands such Ford and Hyundai, appeared to suffer the most for the slowdown, which was due in part to the end of special tax credits.

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The growth rate was barely one-tenth the previous year’s 15% rate, which was boosted by a temporary tax cut. (more…)

Honda Plans to Show Off Insight Prototype at NAIAS

New hybrid fills the gap between Civic and Accord.

by on Jan.11, 2018

Honda plans to unveil the Insight Prototype at the North American International Auto Show in Detroit next week.

Honda continues to expand its electrified offerings and will show off its Insight Prototype at the North American International Auto Show in Detroit next week, and provided an early look today.

The Insight prototype is likely not going to vary much from the actual Insight, which is slated to hit dealerships later this year. It’ll be the automakers fifth electrified vehicle and it will be built alongside the Honda Civic and CR-V in Indiana.

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“The new 2019 Honda Insight signals we are entering a new era of electrification with a new generation of Honda products that offer customers the benefits of advanced powertrain technology without the traditional trade-offs in design, premium features or packaging,” said Henio Arcangeli Jr., senior vice president of Automobile Sales and general manager of the Honda Division, American Honda Motor Co. Inc. (more…)

Uber’s Competition Gets Tougher as New Investors Join Company

Kalanick selling shares for $1.4B to SoftBank.

by on Jan.08, 2018

Former Uber CEO Travis Kalanick is selling $1.4 billion in Uber stock to Japan's SoftBank.

Didi Chuxing Technology Co., China’s dominant ride-hailing company, which recently raised more than $4 billion in fresh capital, is increasing its presence in South America with the acquisition of Brazil’s top ride-sharing service, increasing the pressure on its principle rival, Uber, which continues to face legal challenges on all sides.

Meanwhile, reports indicated that Travis Kalanick, Uber’s founder and former CEO, is preparing to sell 29% of his stake as part of deal with Japan’s SoftBank. The deal could net Kalanick, who was forced to leave his post as CEO last year, an estimated $1.4 billion from the deal. Kalanick still owns 10% of Uber’s stock.

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Also selling Uber shares is Benchmark, a venture capital firm, which is reportedly moving 15% of its holdings worth about $900 million. Both Kalanick and Benchmark will retain seats on the Uber board, according to reports. (more…)