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Volkswagen to raise stake in JAC-VW

23 July 2020 | just-auto.com editorial team

Volkswagen to raise stake in JAC-VW just-auto.com editorial team Volkswagen AG plans to invest CNY5.22bn (US$746m) to increase its stake in its JAC-Volkswagen joint venture in China from 50% to 75%, ... read more


VW China, JAC and SEAT to intensify e-mobility development in China

30 November 2018 | Dave Leggett

VW China, JAC and SEAT to intensify e-mobility development in China Dave Leggett Volkswagen Group China has signed a Memorandum of Understanding with Anhui Jianghuai Automobile Group (JAC) and SEAT, ... read more


VW systematically expanding its partnerships in China

12 July 2018 | Dave Leggett

VW systematically expanding its partnerships in China Dave Leggett Volkswagen Group says it is expanding its successful business relationships in China. As part of the fifth German-Chinese gover... read more


NDRC approves JAC/VW China joint venture

25 May 2017 | Dave Leggett

NDRC approves JAC/VW China joint venture Dave Leggett The authorities in Beijing have approved an electric vehicle JV between Volkswagen and Anhui Jianghuai Automobile (JAC Motors). JAC Motors s... read more


CHINA: VW and Industrial & Commercial Bank of China sign MOU in Beijing

30 October 2015 | Dave Leggett

CHINA: VW and Industrial & Commercial Bank of China sign MOU in Beijing Dave Leggett Volkswagen and the Industrial & Commercial Bank of China (ICBC) have signed a Memorandum of Understanding (MOU... read more


JAPAN: Toyota to seek price cuts from suppliers

20 August 2015 | Dave Leggett

JAPAN: Toyota to seek price cuts from suppliers Dave Leggett Reports in Japan say that, following a one-year pause, Toyota is to ask suppliers to cut prices as it seeks to improve its competitive pos... read more


CHINA: Volkswagen to offer dealers CNY1bn in aid

14 July 2015 | Graeme Roberts

CHINA: Volkswagen to offer dealers CNY1bn in aid Graeme Roberts Volkswagen reportedly plans to offer CNY1bn (US$161m) of financial aid to its dealers in China. Dealers who sell Volkswagen brand ca... read more


RUSSIA: Sales suspended as ruble crisis bites

18 December 2014 | Chris Wright

RUSSIA: Sales suspended as ruble crisis bites Chris Wright Car makers are pulling down the shutters at dealerships across Russia because of the currency crisis which has seen a 40% drop in the value ... read more


JAPAN: Toyota raises profit forecast

5 November 2014 | Tony Lewis

JAPAN: Toyota raises profit forecast Tony Lewis Toyota has raised its profit forecast for the financial year by more than 12% to JPY2 trillion (US$17.5bn) from an earlier forecast of JPY1.78 trillion... read more


INDIA: Nissan in talks for stake in Defiance Technologies

9 May 2014 | Graeme Roberts

INDIA: Nissan in talks for stake in Defiance Technologies Graeme Roberts Nissan is reportedly in talks with Hinduja Automotive to acquire a stake in the latter's engineering unit Defiance Technologie... read more


INDIA: Currency affects 'underperforming' Hyundai in 2013 - analyst

24 January 2014 | Graeme Roberts

INDIA: Currency affects 'underperforming' Hyundai in 2013 - analyst Graeme Roberts Hyundai’s full-year revenue growth "underperformed significantly when seen alongside the volume growth of 7.3%... read more


RUSSIA: Volkswagen cleared to raise stake in local unit

13 November 2013 | Graeme Roberts

RUSSIA: Volkswagen cleared to raise stake in local unit Graeme Roberts Russia’s Federal Antimonopoly Service has cleared Volkswagen International Finance to increase its stake in Volkswagen Gro... read more


CHINA: SAIC reports slowing profit growth in 2012

2 April 2013 | Dave Leggett

CHINA: SAIC reports slowing profit growth in 2012 Dave Leggett SAIC has reported a 2.6% rise in profit last year, its slowest growth since 2008. Profits were squeezed by a slowing economy and incr... read more


JAPAN: Weakening yen boosts carmaker profits

15 March 2013 | Chris Wright

JAPAN: Weakening yen boosts carmaker profits Chris Wright Japanese carmakers look set to make sharp gains in earnings this fiscal year thanks to increased sales and a weakening yen, said the Nikkei ... read more


SOUTH KOREA: Hyundai Motor unfazed by weakening yen

24 January 2013 | Graeme Roberts

SOUTH KOREA: Hyundai Motor unfazed by weakening yen Graeme Roberts Hyundai Motor sees no immediate threat from the weakening Japanese yen but promised toughen its readiness against its Japanese and g... read more


INDONESIA: Salim group to buy back control of Indomobil

17 December 2012 | Staff reporter

INDONESIA: Salim group to buy back control of Indomobil Staff reporter Singapore’s Gallant Venture is reported to have signed a conditional purchase agreement for a majority stake in PT Indomob... read more


SOUTH KOREA: Hyundai profitability matches BMW

19 November 2012 | Graeme Roberts

SOUTH KOREA: Hyundai profitability matches BMW Graeme Roberts Hyundai Motor saw its profitability match the level of BMW, far outperforming several major automakers such as Volkswagen and General Mot... read more


INDIA: Labour strife hits Maruti Suzuki profits

30 October 2012 | Graeme Roberts

INDIA: Labour strife hits Maruti Suzuki profits Graeme Roberts Maruti Suzuki has reported a 5.4% fall in second fiscal quarterly profit, its fifth straight such dip, after it was hit by production ... read more


RUSSIA: GAZ’s H1 net profit more than doubles to US$111.6m

8 October 2012 | Graeme Roberts

RUSSIA: GAZ’s H1 net profit more than doubles to US$111.6m Graeme Roberts GAZ Group, a part of Russia's biggest business group Basic Element, boosted H1 2012 revenue 10% to RUB57.6bn (US$242.3m with ... read more


SOUTH KOREA: BMW and Hyundai tops for operating margin - study

15 August 2012 | Graeme Roberts

SOUTH KOREA: BMW and Hyundai tops for operating margin - study Graeme Roberts BMW and Hyundai Motor outperformed other domestic and foreign auto companies in terms of operating margin in the first ha... read more


CHINA: GaoYao City unveils auto park plans to CLEPA

11 July 2012 | Simon Warburton

CHINA: GaoYao City unveils auto park plans to CLEPA Simon Warburton Chinese city, GaoYao, has unveiled plans to establish a 50 square kilometre automotive component development area as part of its so... read more


JAPAN: Isuzu heads for GM talks

22 May 2012 | Graeme Roberts

JAPAN: Isuzu heads for GM talks Graeme Roberts General Motors and Isuzu Motors will soon start negotiating a capital and business tie-up deal focused on joint commercial vehicle projects in Asia and ... read more


JAPAN: Nissan Q4 profit jumps 33%

11 May 2012 | Chris Wright

JAPAN: Nissan Q4 profit jumps 33% Chris Wright Nissan’s profit jumped 33% year on year in the last quarter of its fiscal year to 31 March, 2012 and the carmaker predicted a 28% rise for the yea... read more


CHINA: SAIC beats forecast with 7% profit increase

2 May 2012 | Graeme Roberts

CHINA: SAIC beats forecast with 7% profit increase Graeme Roberts General Motors and Volkswagen Chinese partner SAIC Motor has beaten forecasts with a 7% rise in net profit for the first quarter of 2... read more


CHINA: GM set to buy back 1% of JV with SAIC

20 April 2012 | Chris Wright

CHINA: GM set to buy back 1% of JV with SAIC Chris Wright General Motors is to buy back the 1% share in its Chinese joint venture from partner SAIC, according to the Wall Street Journal . The sha... read more


CHINA: SAIC hikes 2011 net profit 23%

30 March 2012 | Graeme Roberts

CHINA: SAIC hikes 2011 net profit 23% Graeme Roberts General Motors and Volkswagen China joint venture partner SAIC Motor booked fourth-quarter net profit up 67% year on year to CNY6.93bn, slightly h... read more


CHINA: SAIC sales outperform the market

31 January 2012 | Chris Wright

CHINA: SAIC sales outperform the market Chris Wright SAIC has forecast a rise of more than 40% in 2011 net income because of high demand for German and American marques made at its Shanghai joint ven... read more


RUSSIA: Daimler and Renault to raise local JV stakes

31 January 2012 | Chris Wright

RUSSIA: Daimler and Renault to raise local JV stakes Chris Wright Newswire reports on Tuesday (31 January) said Daimler and Renault are ready to take controlling stakes in their Russian partners, cit... read more


MALAYSIA: Government sells Proton stake to local importer

16 January 2012 | Graeme Roberts

MALAYSIA: Government sells Proton stake to local importer Graeme Roberts Malaysian state investment arm Khazanah Nasional had sold its 42.7% stake in struggling national automaker Proton to leading c... read more


MALAYSIA: DRB-Hicom confirms interest in Proton

10 January 2012 | Staff reporter

MALAYSIA: DRB-Hicom confirms interest in Proton Staff reporter Malaysia’s diversified industrial group DRB-HICOM has confirmed its interest in acquiring the 42.7% stake in Proton Holdings owned... read more


INDIA: JBM Cadmium acquires Tesco Go engineering services

4 January 2012 | Satnam Singh

INDIA: JBM Cadmium acquires Tesco Go engineering services Satnam Singh JBM Cadmium, part of JBM Group, has acquired Tesco Go, which provides product development engineering services to the auto, rail... read more


JAPAN: Suzuki breaks off alliance with VW

18 November 2011 | Chris Wright

JAPAN: Suzuki breaks off alliance with VW Chris Wright Suzuki chief Osamu Suzuki has launched a stinging attack on Volkswagen boss Martin Winterkorn as the Japanese company terminated a framework agr... read more


JAPAN: Toyota scraps forecast as Thai floods hit

8 November 2011 | Graeme Roberts

JAPAN: Toyota scraps forecast as Thai floods hit Graeme Roberts Toyota has followed Honda in scrapping profit forecasts after Thailand’s worst floods in almost 70 years hit efforts to recover f... read more


CHINA: SAIC eyes profit growth of over 10% in 2011

13 October 2011 | Graeme Roberts

CHINA: SAIC eyes profit growth of over 10% in 2011 Graeme Roberts A senior executive of SAIC Motor, the GM and VW JV partner in China, said the company expects its earnings to grow by over 10% in 201... read more


JAPAN/GERMANY: Suzuki wants out of pact with VW

12 September 2011 | Graeme Roberts

JAPAN/GERMANY: Suzuki wants out of pact with VW Graeme Roberts After Volkswagen said earlier it was "reviewing" its alliance with Suzuki, the Japanese automaker said on Monday said it wanted to end t... read more


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