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  Valeo's China sales rise on demand from domestic brands
Automotive News China | 2017/2/24

Valeo SA's sales to automakers in China advanced 22 percent year on year to 1.76 billion euros (12.76 billion yuan) in 2016.  Behind the robust sales growth was demand from domestic brands, which outperformed China's light-vehicle market, Valeo said.  In 2016, China's domestic automakers accounted for 42 percent of Valeo's revenue in China. 
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  Trade panel rules imported Chinese truck, bus tires don't harm U.S. industry
Reuters | 2017/2/24

WASHINGTON -- The U.S. International Trade Commission said subsidized bus and truck tires imported from China have not damaged the U.S. industry, and as a result it would not issue anti-dumping and countervailing duty orders on such products.  The negative ruling released Wednesday represented a rare outcome for the panel, which said in a statement that three of five panel members who voted came out against the damage determination.  
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  Chinese suppliers invest in U.S. component makers
Bloomberg | 2017/2/17

Chinese companies started talking a decade ago about cracking the U.S. auto market with an array of low-cost passenger vehicles.  That hasn't happened, so instead they're getting under the hoods of American cars by buying up parts makers at a record pace.
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  Ningbo Jifeng Auto Parts to buy stake in German interior trim supplier
Reuters | 2017/2/17

FRANKFURT -- German automotive interiors maker Grammer said it plans to sell a 9.2 percent stake to China's Ningbo Jifeng Auto Parts Co. as the supplier looks to counter activist shareholders.  Grammer's management has sought to rebuff Bosnia's Hastor family, which owns a 20 percent stake in the company and has campaigned for seats on the supervisory board. 
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  A123 wins contract to supply batteries for SAIC-GM
Automotive News China | 2017/2/14

A123 Systems, a U.S. battery maker owned by Chinese supplier Wanxiang Group Co., won a 6.9 billion yuan ($1 billion) contract to produce batteries for SAIC General Motors Corp.  The company will supply 2.6 million lithium ion batteries for 48-volt start-stop systems for vehicles to be produced by GM's joint venture with SAIC, according to a statement posted by Wanxiang.
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Chinese battery maker Amperex takes 22% stake in Finland's Valmet Automotive
Automotive News China | 2017/2/7

Contemporary Amperex Technology, a Chinese producer of lithium ion batteries, has taken a 22 percent stake in Finnish coachbuilder Valmet Automotive.  The deal establishes Amperex as Valmet's third-largest stakeholder. Two financial investment firms, Pontos and Tesi,  hold  39 percent stakes.

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  U.S. rules that imported China truck tires were subsidized
Automotive News China | 2017/1/31

The U.S. Commerce Department says it made a final ruling that bus and truck tires from China were dumped at below market prices and were unfairly subsidized.  In 2015, U.S. imports of 8.9 million truck and bus tires from China were worth $1.07 billion (7.34 billion yuan), the statement said.
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  Thyssenkrupp to produce springs, stabilizers at new plant in Pinghu
Automotive News China | 2017/1/27

German supplier Thyssenkrupp will build a factory in the east China city of Pinghu to produce springs and stabilizers for a variety of customers.  The 30 million euro (220 million yuan) plant will open next year. The factory will employ 200 workers, and it will deliver products to European, American, Japanese and Chinese automakers.
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  Yanfeng reimagines the interior for autonomous driving
Automotive News | 2017/1/13

DETROIT -- Yanfeng Automotive Interiors is reimagining vehicle interiors for the day when motorists may not have to keep their eyes on the road and their hands on the wheel.  Yanfeng used the Detroit auto show this week to introduce the Experience in Motion concept, or XiM17, to match the needs of consumers who may not have to focus on driving anymore.
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  Thyssenkrupp builds major steering parts plant in Changzhou
Automotive News China | 2016/12/23

Thyssenkrupp AG says it is constructing a major plant in the east China city of Changzhou to produce steering systems for a variety of automakers.  The German supplier plans to invest 200 million euros (1.44 billion yuan) initially in the 150,000 square-meter facility, which will employ 800 people. The plant will start production in December 2017. 
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TOP 10 HEADLINES
OF THE LAST WEEK
How sour dealer relations wreaked havoc on Audi's China sales

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Hyundai deliveries climb 6.4%, outperform the market

Skoda sales in China decline 4.3% in January

GM unveils nine-speed automatic gearbox in China

Former Volvo China CEO joins EV maker

Chinese suppliers invest in U.S. component makers

Ningbo Jifeng Auto Parts to buy stake in German interior trim supplier

Light-vehicle deliveries dip in January

China sales of EVs, plug-in hybrids plunge 74% in January

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