October 12th, 2011 by Car and SUV
Following the path cut by other luxury carmakers, Jaguar and Land Rover are gearing up for a full scale assault on the Chinese market. Despite a cooling international market, the Chinese have a strong appetite for foreign luxury cars and Jaguar/Land Rover want a piece of the action.
Earlier this year there were reports that Jaguar and Land Rover owner, Tata Motors, would invest heavily in the two brands in order to improve their sales. It was also revealed that Tata was considering options for assembly and localization of selected Jaguar Land Rover products in China.
But it’s not easy getting a foothold in the Chinese market, you can’t just roll in and build a manufacturing plant. According to the Chinese law, you need to have a local partner. Which leaves JLR looking at possible joint ventures. Apparently, JLR has decided to form a partnership with Chery, and the two companies are already seeking approval from local authorities to go ahead with their business plan. Read the rest of this entry »
June 15th, 2011 by Car and SUV
The Volkswagen brand is moving from strength to strength in new car sales with reports that its sales figures are up 12.2 percent to a record-high of 2.09 million units in the first five months of the year. By comparison at this stage in 2010, VW had sold 1.86 million and that was considered excellent for the time.
The strong results can be largely attributed to the Chinese market which has become the Volkswagen brand’s largest single market and accounts for a third of this year’s sales. In the period from January to the end of May, VW sold 714,200 cars in China, recording a 15.3 percent increase.
In North America Volkswagen sold 194,600 vehicles, marking a 19.7 percent growth in the period. In Central and Eastern Europe, VW’s sales rose 40.2 percent to 71,900 units, while the brand almost doubled deliveries to Russia at 34,400 vehicles. In its domestic market of Germany, the company’s sales reached 248,000, up by 3.6 percent.
October 28th, 2010 by Car and SUV
The Chinese market is proving a lucrative one for luxury car brands and with this in mind CitroÃ«n has decided to enter. But instead of releasing a luxury version of it’s more popular volume models, CitroÃ«n is going in much harder with a tailor made machine.
According to recent reports out of Europe and China, parent company PSA/Peugeot-CitroÃ«n is ready to jump-start its Asian operations by building a production version of its Metropolis concept, the first design penned by the company’s Shanghai-based design team. First unveiled in China back in May, the Metropolis shows the plan for Citroen to reinvent itself as an upmarket brand with extra appeal to upscale Chinese buyers.
When it heads into production, the Metropolis is expected to carry the DS9 nameplate and will top the DS range the massive executive limousine. While the concept featured a compact V6 mated to an electric motor and seven-speed dual-clutch gearbox, the production version could make use of any powertrain used in the range. The vehicle will most likely sit on a modified platform borrowed from the outgoing CitroÃ«n C6 and Peugeot 407. It will likely be built in China at the joint-venture facility announced last July with Changan Automobile Group.
If the Metropolis/C9 will make it to European or North American markets is at this stage, unknown.