Chery - automotive industry company news 
BRAZIL: Auto tax and localisation requirements rise
3 January 2012
A 30% increase in IPI (industrialised products tax) has hit imported and some locally-made cars since 16 December but the Brazilian government softened the blow with a 30% cut for for those who can produce locally with a new minimum local content or import Mexican or Mercosur-made models under existing free-trade accords.
CHINA: Valeo takes 80% stake in Chery Automobile's Ruby
3 January 2012
Valeo has acquired an 80% shareholding in lighting specialist company Ruby, from Chery Technology, a subsidiary of Chinese automaker Chery Automobile.
December 2011 management briefing: Review of 2011 (part 2)
23 December 2011
Like any year in the auto industry, 2011 saw its fair share of company ups and downs, industrial comings and goings, and a fair old sprinkling of corporate drama. Added to the mix this year were devastating natural disasters. We covered it all on just-auto. Editor Dave Leggett sifts through the lot and picks out a few highlights from the year just gone, month by month. Part two covers the second half of the year.
INDONESIA: Chery in assembly talks with Astra International
19 December 2011
China’s Chery Automobile is in talks with Indonesia’s PT Astra International (AI) to assemble its cars in Indonesia for the local market, according to local reports.
CHINA: Investors selling Chery shares
6 December 2011
A Deutsche Bank China affiliate and Huarong Asset Management intend to sell their holdings in carmaker Chery Automobile for CNY465m (US$73.07m), according to an asset transaction website.
November 2011 management briefing: ASEAN – part 3
30 November 2011
Summary: A look at OEM developments in Malaysia, the Philippines and Vietnam
CHINA: Chery goes after Europe with new brand
28 November 2011
Chery Auto and Israel's largest firm launch Qoros, a new car company.
BRAZIL: JAC taking 20% in assembly JV
22 November 2011
Chinese truck and van maker Anhui Jianghuai Automobile (JAC) will hold a 20% stake in a $BR900m (US$509.3m) vehicle assembly plant in Brazil, China's commerce ministry said.
CHINA: Chery reports global sales up 77% in October
22 November 2011
In October 2011, Chery's global sales totalled 56,732 units, including 13,115 units exported, up 77.3% year on year.
BRAZIL: Forecasts for 2012 remain positive
14 November 2011
The Brazilian auto market – cars and light and heavy commercials – will keep growing in 2012 but at a slower pace than in 2011. That's according to the forecasts of a couple of dozen top executives at automakers and importers polled during the recent Autodata’s Perspectives 2012 congress in São Paulo.
CHINA: Sales slow as subsidies harder to get
9 November 2011
Car sales in China climbed 1.42% year on year in October but fell 7.5% month on month as the government toughened rules for vehicles eligible for fuel-saving subsidies.
CHINA: Subaru still interested in local car manufacture
27 October 2011
Though the Chinese government recently nixed its proposed joint venture with Chery, Subaru has not given up on manufacturing cars in China.
CHINA: Capacity worries may influence JLR JV decision
11 October 2011
Chinese government concerns about overcapacity may sink or delay Tata Motors-owned Jaguar Land Rover's plans for local production, local media said.
CHINA: China's Chery plans Europe exports after 2015
11 October 2011
Chery Automobile, a major Chinese independent carmaker, aims to start exporting to Europe after 2015, a senior executive said on Tuesday.
CHINA: Chery, Jaguar Land Rover, reportedly seek JV approval
10 October 2011
Chery Automobile and Tata Motors-owned Jaguar and Land Rover are seeking regulatory approval to set up a joint venture in China, the China Business News said on Monday.
BRAZIL: IPI change analysis continues
10 October 2011
Three weeks after the new automotive policy for Brazil was announced it is still a key subject of discussion.
CHINA: Chery to build Subaru vehicles under contract
6 October 2011
Chinese media has reported that Chery Automobile plans to build Subaru vehicles under a manufacturing agreement with Fuji Heavy Industries.
CHINA: Chery-Subaru JV proposal could face government hurdle
30 September 2011
Chery's search to find a partner who will enable it to extend its product offering could be lengthened after reports its latest proposal is being red-flagged by the Chinese government.
CHINA: Toyota, Chery JV likely to be rejected
21 September 2011
Reports in China suggest that the authorities are likely to reject an application for a joint venture involving Toyota Motor Corporation, as this would make it Toyota's third JV in China.
CHINA: Chery plans Africa expansion
26 August 2011
Chery plans to further expand its business in Africa by establishing a JV, Chery Overseas Industrial Investment Co., Ltd., with China-Africa Development Fund.
August 2011 management briefing: hybrids and electric vehicles (part 2)
25 August 2011
In the second of a three-part series on alternate powertrain vehicles, Glenn Brooks examines the future of petrol and diesel hybrid vehicles in the world’s major markets.
CHINA: Hertz to rent BYDs and other fine EVs
24 August 2011
After the bad financials and a drubbing from analysts, some good news for BYD - Hertz Global Holdings will begin renting electric cars to consumers in three Chinese cities in the foreseeable future, the rental firm's China chief said.
CHINA: Chery’s new Dalian plant to produce both Chery and Subaru vehicles
24 August 2011
Chery's upcoming plant in Dalian is expected to manufacture vehicles not only for its proposed joint venture with Subaru, but also some of its brands including export models.
CHINA: Visteon to invest in Chery HVAC subsidiary
22 August 2011
Visteon Corporation has announced its intention to invest in Wuhu Bonaire Auto Electrical Systems Co., Ltd. (Bonaire), a subsidiary of Chery Technology and a major supplier of climate products to Chinese vehicle manufacturer Chery Automobile Co., Ltd.
CHINA: July vehicle export tally 73,300 units
16 August 2011
China exported 73,300 vehicles in July, nbd.com.cn reported, via Gasgoo.com, citing the China Association of Automobile Manufacturers.
KENYA: Chery picks east Africa as growth target
11 August 2011
Chinese car companies are looking to take on the Japanese in east African markets, a heartland for used vehicle sales over the past few years.
BRAZIL: 14 new auto projects disclosed in six months
9 August 2011
The announcement of another automaker landing in Brazil – this time China’s JAC – shows the strength of the Brazilian market. After all, a market in which sales more than doubled in just five years (up from 1.5m units in 2004 to 3.1m in 2009; 3.7m forecast for 2011) can only be regarded as highly attractive.
CANADA: New Magna JV formed in China
8 August 2011
Magna Exteriors and Interiors has formed a joint venture to purchase an existing injection moulding and painting facility located in Wuhu, a city in the Anhui province of southeastern China.
BRAZIL: Carmakers attracted by growing economy
2 August 2011
A rapidly expanding Brazilian market is seeing the country become an automotive hotspot. BMW and China’s JAC are the latest to look at establishing manufacturing here.
ARGENTINA: Chery to expand in South America
26 July 2011
Chery is planning an assembly plant in Argentina in a joint project with the local Socma group according to La Nacion newspaper.
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