Dongfeng Renault opens first plant in China!
Dongfeng Renault opens first plant in China, Wuhan plant opening Dongfeng Renault Automotive Company (DRAC) On February 1, 2016, Carlos Ghosn, Chairman and Chief Executive Officer of Groupe Renault, and Zhu Yanfeng, Chairman of Dongfeng Group, opened the Dongfeng Renault Automotive Company (DRAC) plant in Wuhan, Hubei Province. Just two years after the joint venture was formed, the first DRAC plant in China will start producing the Renault Kadjar, Renault’s latest SUV. The Re
PSA Peugeot Sales Dropping in China & Southeast Asia!
PSA Peugeot Citroen's sales in China and Southeast Asia continued to slump in May, dropping 50 percent year on year to below 24,800. The French automaker did not release country-by-country sales figures but China accounts for nearly all of PSA's Asian volume. Last month, roughly 16,600 Peugeot models and 8,200 Citroen cars including 500 DS models were delivered in China and Southeast Asia, according to figures PSA disclosed on its website. Through May, PSA’s deliveries
China Aims To Be An Auto Powerhouse!
CHINA is aiming to become a world automaking powerhouse in a decade, vowing to boost development of new-energy vehicles and relax restrictions on foreign ownership in the auto industry. The country will strive to achieve breakthroughs in key technologies and markedly increase the share of Chinese brands in the international auto market by 2025, according to an auto industry development plan released yesterday by three government departments, including the Ministry of Industry
Chinese Buy Into Cadillac, A Market Where Brand Heritage Counts And Growing!
SHANGHAI - Elvis Presley, not lost in China! At the biggest-selling Cadillac dealership in China, customers react to the brand's image the way Cadillac hopes customers everywhere will. Famous names in imposing silver lettering adorn a "wall of honor" at Shanghai Brilliance Hutong Auto Sales Co. There is Marilyn Monroe, Muhammad Ali, Cindy Crawford, Barack Obama, Queen Elizabeth II and, of course, one of history's most famous Cadillac customers -- Elvis. It is a message the br
Chinese Automotive Industry, To Shape The Industry's Future!
It’s easy to become blase about China’s auto market, especially now that growth there has gone from white hot to merely off-white hot. Up 15 percent in 2016? Ho-hum. But just stop and marvel for a moment at the volume even a plateauing Chinese market represents — 24 million passenger vehicles last year, according to IHS Markit. Twenty-four million! With numbers like that, it ought to be China — not the U.S., Europe or Japan — that dictates the future of what we call global ve