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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


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


BRAZIL: Fiat profit down 81% in 2013

15 May 2014 | Graeme Roberts

BRAZIL: Fiat profit down 81% in 2013 Graeme Roberts Only two automakers – Fiat and Renault – are organised in Brazil as PLC companies and therefore obligated by law to issue financial res... 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


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


CZECH REPUBLIC: Skoda Auto operating profit off 34.5%

31 October 2013 | Graeme Roberts

CZECH REPUBLIC: Skoda Auto operating profit off 34.5% Graeme Roberts Operating profit at Volkswagen unit Skoda Auto fell 34.5% to EUR371m in the January-September period, the VW group said. Sales ... 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


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


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


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


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


CZECH REPUBLIC: 2011 Skoda's best year yet

26 March 2012 | Graeme Roberts

CZECH REPUBLIC: 2011 Skoda's best year yet Graeme Roberts Skoda said 2011 was the best fiscal year in corporate history, after it set new records for deliveries, sales and profit. Deliveries rose ... 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: 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


CHINA: SAIC H1 profit surges but cautious on FY sales

31 August 2011 | Graeme Roberts

CHINA: SAIC H1 profit surges but cautious on FY sales Graeme Roberts SAIC Motor - the owner of MG and GM and VW joint ventures partner - said first-half profit surged 46% year on year due to higher s... read more


CHINA: SAIC financial restructuring plan approved

4 August 2011 | Glenn Brooks

CHINA: SAIC financial restructuring plan approved Glenn Brooks SAIC Motor Group said an asset-restructuring plan had been approved by all relevant government authorities, according to official news a... read more


INDIA: Costs reduce Motherson Sumi Q1 profit

29 July 2011 | Graeme Roberts

INDIA: Costs reduce Motherson Sumi Q1 profit Graeme Roberts Motherson Sumi Systems has posted a lower than expected 10% rise in quarterly profit due to higher costs. The world's largest maker of r... read more


INDIA: Motherson Sumi takes control of Peguform

14 July 2011 | just-auto.com editorial team

INDIA: Motherson Sumi takes control of Peguform just-auto.com editorial team Indian automotive components firm Motherson Sumi Systems has acquired an 80% stake in Germany-based plastics component mak... read more


CHINA: BAIC unit close to Inalfa completion

27 June 2011 | just-auto.com editorial team

CHINA: BAIC unit close to Inalfa completion just-auto.com editorial team Beijing Hainachuan Automotive Parts, a subsidiary of BAIC Group, has said its acquisition of Inalfa Roof Systems will be compl... read more


CZECH REPUBLIC: Skoda boosts Q1 sales, profits

4 May 2011 | just-auto.com editorial team

CZECH REPUBLIC: Skoda boosts Q1 sales, profits just-auto.com editorial team Skoda first quarter sales rose 33% year on year and operating profit was up 87%. Unit deliveries rose 21.4% to 217,... read more


GERMANY/INDIA: VW plans to finance pre-owned cars in India

6 April 2011 | just-auto.com editorial team

GERMANY/INDIA: VW plans to finance pre-owned cars in India just-auto.com editorial team German car maker Volkswagen, has announced it plans to finance pre-owned cars from January 2012, after receivin... read more


CHINA: SAIC Q4 net surges 58%

30 March 2011 | just-auto.com editorial team

CHINA: SAIC Q4 net surges 58% just-auto.com editorial team SAIC Motor, whcih has Chinese joint ventures with General Motors and Volkswagen, on Wednesday said fourth quarter net profit rose 58.4% year... read more


CZECH REPUBLIC: Toyota-PSA JV profits 2010 flat as sales dip

23 March 2011 | just-auto.com editorial team

CZECH REPUBLIC: Toyota-PSA JV profits 2010 flat as sales dip just-auto.com editorial team TPCA, the car-making joint venture between Toyota and PSA Peugeot Citroen in the Czech Republic, said 2010 pr... read more


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