Ready To Buy A Chinese Car?
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Chrysler, with a new owner and a new boss, is placing a big bet on a fledgling Chinese automaker.
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Shanghai Automotive Industry Corporation, China's largest carmaker, is consolidating its assets into a new company as it considers listing its shares abroad.
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Auto giant DaimlerChrysler AG   DCXGn.DE is in detailed discussions with China's Chery   Automobile to make cars for sale in the United States and other   markets and could finalize the deal soon, sources said on   Friday.
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MG Rover, Britain&#39;s last large car maker, is on the brink of a merger with a Chinese motor company. Reports have said the Shanghai Automotive Industry Corporation will get 70 per cent control of Rover in exchange for investing more than Â£1 billion.
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A 30 percent stake in Hewlett-Packard&#39;s Chinese operations is up for sale to the highest bidder as the company&#39;s Chinese partner looks to sell its shares.In a filing (in Chinese) with the China Beijing Equity Exchange, state-owned China Electronics Import &amp; Export Co. (CEIEC) invited bids for its stake in China HP and set a minimum price of 967 million yuan ($133 million).CEIEC will accept bids until Feb. 2 from qualified Chinese companies. Offers from financial institutions or hedge funds will not be considered, it said.HP had little to say in response to CEIEC&#39;s offer, but reaffirmed the importance of China HP to its overall business.&quot;China is a critically important market to HP and continues to hold tremendous opportunities for our business. ... Whilst we do not comment on our financial or operational plans in the future, HP will ensure its business operations remain unaffected,&quot; wrote Joanne Tan, a company spokeswoman, in an e-mail.China HP was founded in 1985 as a joint venture between HP and CEIEC. Over the years, the joint venture has been successful and China HP is a major player in key local markets, such as PCs and servers.Joint ventures are a common way of doing business in China, with foreign companies tapping the experience and connections of a local partner.In the best situations, these partnerships can help the foreign company build and grow their business in China faster than would otherwise be possible.
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British automaker MG Rover discussed Saturday a $1.8 billion deal with China&#39;s Shanghai Automotive Corp., the BBC reported. The two companies would set up a new company to produce cars for the Chinese market under the deal.
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Before any law has been passed, carmakers are putting on stability control systems. They like their buyers alive. Rollovers are the safety curse of sport utility vehicles.
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Mr. Fussy has become intrigued with things that go by themselves. A year or two ago, he started noticing reviews of cars that drive themselves. The clever Japanese, for instance, introduced the self-parking Prius hybrid some time ago. Now Lexus is selling a sedan here with the same features, for only $65,000. Meaning you would have to be both rich ...
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Find out whether you're prepared to jump into the market.
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Squeezed at home, China's biggest computer maker, Lenovo, is buying IBM's money-losing PC business. But venturing abroad is fraught with risk
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Dodge China's bubble. Invest in an emerging market that's still selling for a bargain.
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A bird&#39;s eye view of the circuit at Shanghai shows what an event Sunday&#39;s Chinese Grand Prix will be. The course is arguably one of the best there is, and so it should be considering the amount of money that has been spent on it.
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Chery Automobile, a feisty newcomer to global carmaking, is on the verge of becoming the first Chinese company to crack the U.S. auto market.
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MG Rover is about to seal a Â£1bn agreement to help build 200,000 cars a year in China.
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Need capital? China's here to help. Just ask Morgan Stanley.
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To understand the 2008 Buick Enclave, you've got to understand the luxury segment of the Chinese automobile market in which Buick is a top seller.
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LONDON - The Chinese have come to the aid of ailing British carmaker MG Rover with Â£1 billion ($2.63 billion) in cash. MG Rover said the Shanghai Automotive Industry Corp (SAIC) would provide the cash under