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  COMMENT
Time for Beijing to postpone EV quotas
Yang Jian | 2017/8/18

SHANGHAI -- Beijing intends to enact a quota system in 2018 to goad automakers to drastically expand electric vehicle production. To date, very few automakers -- foreign or domestic -- are ready to adopt the system.  The China Association of Automobile Manufacturers disclosed last week that the program likely will take effect this month. That creates a scary scenario for the Chinese auto industry. Pictured: Yang Jian is managing editor of Automotive News China
>> Read Full Commentary

  Dongfeng and Geely: Fiat Chrysler is not a target
Reuters | 2017/8/18

Dongfeng Motor Corp. and Geely Automobile Holdings have no plans to bid for Fiat Chrysler Automobiles NV, and while other potential Chinese suitors remain, any tie-up could face significant U.S. regulatory obstacles.  Geely and Dongfeng were among several Chinese carmakers cited when  Automotive News  reported on Monday that representatives of "a well-known Chinese automaker" had made an offer this month for FCA and that other potential Chinese suitors had interest. 
>> Read Full Story

  Geely's first-half profit soars on robust demand for new models
Automotive News China | 2017/8/18

Geely Automobile Holdings' net profit shot up 128 percent year on year to 4.3 billion yuan ($652 million) in the first half of the year on strong volume of its new models.  The profit was higher than the estimate of 3.8 billion yuan the company made last month.
>> Read Full Story

  Dongfeng-PSA slump drags on
Automotive News China | 2017/8/18

Dongfeng Peugeot Citroen Automobile Co. continues to lose market share at a rapid pace with July China sales falling 38 percent year on year to 21,104 vehicles.  Through July, deliveries at the company, a partnership between China¡¯s Dongfeng Motor Corp. and PSA Peugeot Citroen, plunged 47 percent from a year earlier to 168,933 vehicles, according to Dongfeng.
>> Read Full Story

  Future Mobility raises 1.33 billion yuan from Suning, others
Reuters | 2017/8/18

Chinese electric-car venture Future Mobility Corp., co-founded by former BMW and Nissan Motor executives, has raised $200 million (1.33 billion yuan) from investors including China's Suning and Fullshare Holdings in its latest round of financing.  Most of the money will be used for product development, said Daniel Kirchert, Future Mobility's president.
>> Read Full Story

  Exports continue advance on emerging-market demand
Automotive News China | 2017/8/18

China's vehicle exports grew for the 11th consecutive month in July as strong demand from emerging markets continued.  Last month, China's passenger vehicle exports jumped 35 percent to around 48,000 vehicles, while shipments of commercial vehicles rose 4.6 percent to roughly 21,000 vehicles, according to the China Association of Automobile Manufacturers.
>> Read Full Story

  SAIC-VW to build engines for plug-in hybrid crossovers
Automotive News China | 2017/8/18

Volkswagen Group plans to produce 1.4-liter turbocharged gasoline engines for two plug-in hybrid crossover models to be built at its joint venture with SAIC Motor Co.  SAIC-Volkswagen Automotive Co., the joint venture, plans to invest 367 million yuan ($55 million) to renovate its powertrain plant in Shanghai to build the engines, said the Shanghai city government¡¯s environment protection agency.
>> Read Full Story

  Great Wall to attend Frankfurt auto show
Automotive News China | 2017/8/18

Great Wall Motor Co., China's largest manufacturer of SUVs and crossovers, will participate in the Frankfurt auto show in September.  Great Wall will display products under its newly created Wey premium brand at the show, the company confirmed to Automotive News China.
>> Read Full Story

  Fiat Chrysler attracts Chinese suitors, sources say
Larry P. Vellequette | 2017/8/15

DETROIT -- Representatives of a well-known Chinese automaker made at least one offer this month to buy Fiat Chrysler Automobiles at a small premium over its market value, Automotive News has learned. The offer was rejected for not being enough, a source said.
>> Read Full Story

  Vehicle sales rise 4.3% on crossover demand
Automotive News China | 2017/8/15

Light-vehicle deliveries in China rose 4.3 percent year on year to 1.68 million units last month, as the market continued to recover from a tax increase on small vehicles in January.  July marked the second straight month of growth, after a 2.3 percent increase in June, according to the China Association of Automobile Manufacturers.
>> Read Full Story
 

TOP 10 HEADLINES
OF THE LAST WEEK
Time for Beijing to postpone EV quotas

Dongfeng and Geely: Fiat Chrysler is not a target

Geely's first-half profit soars on robust demand for new models

Dongfeng-PSA slump drags on

Future Mobility raises 1.33 billion yuan from Suning, others

Exports continue advance on emerging-market demand

SAIC-VW to build engines for plug-in hybrid crossovers

Great Wall to attend Frankfurt auto show

Fiat Chrysler attracts Chinese suitors, sources say

Vehicle sales rise 4.3% on crossover demand

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