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MARKETS * China - Heavy-duty vehicle market sees steady increase
China -chinadaily.com.cn, by Dai Yan -17 Nov 2006: -- The domestic heavy-duty vehicle market reported an accumulated sales of 222,791 units in the first nine months of 2006, an increase of 21.18 percent year on year. The large increase resulted from investments in fixed assets, export expansion and vehicle upgrade... Among the heavy-duty segment, heavy truck sales were 39,990 units, down 23.5 percent compared with the same period in 2005. Chassis sales were 119,056 units, up 32.02 percent year on year. Semi-tractor sales jumped by 54.22 percent year on year to 63,745 units... The top five heavy truck manufacturers in September were Dongfeng Motor, FAW Jiefang, Sinotruk, Shaanxi Heavy Truck and Beiqi Foton Motor... Sinotruk's Steyr series posted strong growth in the first nine months. Shaanxi Heavy Truck's increase had been at the top nationwide during nine consecutive months this year... * Prognosis: Hot heavy-duty trucks in 2007
China -chinadaily.com.cn, by Li Huayu/AutoChina -10 Oct 2006: -- In 2006, a formula became famous in the heavy-duty truck market: fuel economy + high on-duty frequency + service convenience = profitable heavy-duty trucks. The formula summarizes the three key factors of a profitable heavy-duty truck and they are fuel efficiency, frequent transportation and convenient services... Energy-efficient heavy-duty trucks are popular in 2006. It is estimated that in 2007 Chinese heavy-duty truck market demand will maintain a growth rate of about nine percent, and mainstream heavy-duty truck makers will keep rolling out new products... However, what models will become the mainstream in China's heavy-duty truck market in 2007?... What models should heavy-duty truck makers launch to better suit market needs?...
* Weichai Power to merge with Torch Automobile
China - China Knowledge (subscription) -Nov. 15, 2006: -- Weichai Power will merge with Torch Automobile Group, a manufacturer of heavy-duty trucks, through a share swap the 71.88% of the truck-maker’s shares it does not already own... Weichai, one of the largest diesel engine makers in China, intends to make use of the merger to seek a dual listing in Hong Kong and Shanghai while also positioning itself to emerge as...
* 2006 Beijing Auto Show - GM expects to grow faster than Chinese market - Automaker, which will show 30 autos at Beijing show, has grown share by percentage point a year
Shanghai,CHI -The Detroit News (Detroit,Mich,USA), by Christine Tierney -Nov 17, 2006: -- Chinese auto sales are expected to increase by a whopping 40 percent by the end of the decade, and General Motors Corp. is counting on growing even faster here than the market as a whole... Along with its venture partner Shanghai-based SAIC Motor, GM already has 12.1 percent of the Chinese market, which is set to overtake Japan this year to become the world's second-largest vehicle market after the United States... In China's fast-growing passenger car market, GM's 10.5 percent share is second only to Volkswagen AG's 16 percent. VW established its Chinese operations more than a decade before GM's arrival, but the U.S. automaker offered demanding Chinese consumers a fresher lineup of vehicles and it forged successful partnerships with local automakers...
* USA - BorgWarner lands China deal
Auburn Hills, Mich.,USA -Automotive News (Detroit,Mich,USA) -Nov 16, 2006: -- BorgWarner Inc. will supply its DualTronic transmission technology to Shanghai Automobile Gear Works Co. Ltd., a subsidiary of Shanghai Automotive Industry Co. Ltd... DualTronic enables a manual transmission to work as an automatic... This is BorgWarner's first project for Shanghai Automotive; the technology will be used in China in the new SAIC Roewe 750...
* Chinese Luxury Cars Debut at Beijing Show, China will introduce high-end vehicles it hopes will compete in both the international and the domestic markets
USA -Business Week, by Brian Bremner -Nov 15, 2006: -- The ninth Beijing International Automotive Industry Exhibition kicks off on Nov. 18 amid a period of unsurpassed and rapid growth for the Chinese auto industry... Passenger vehicle sales could grow 30% in 2006, according to estimates by Citigroup Research, and global and domestic automakers have plans in place to double passenger-vehicle manufacturing capacity to 10 million units by 2010. All this explains why China is now the world’s third biggest market in terms of total passenger car, truck, and commercial vehicle sales behind the U.S. and Japan and likely will be No. 2 before the decade is out...
* Beijing Preview: Chery Rolls Out Potential U.S. Bound Concepts
Beijing,CHI -edmunds.com -16 Nov 2006: -- Chery Automobile, which hopes to begin selling cars in North America as soon as 2008, will unveil a slate of new concepts this weekend at the Beijing auto show, including at least two that could eventually come to the U.S... The most intriguing design is the Fengyun II Coupe, a two-door concept slated for production in 2008-'09; there could eventually be a convertible version. It is different from the Pininfarina-designed M14 retractable hardtop that Chery displayed at last year's Shanghai show... (Photo courtesy of Chery: Chery Fengyun II Coupe goes into production in late 2008 and could spawn a convertible version)
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