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Jaguar Land Rover to build cars in China
Sun, 09 Sep 2012Jaguar Land Rover has revealed it is going to build cars in China, starting with either the Freelander 2 or Evoque. Jaguar Land Rover has revealed that it going to build cars outside the UK for the first time (as opposed to re-assembling Freelander 2 CKD kits as it does in India) in a plant just north of Shanghai. As this is China, official permission from the Chinese government is required, but with the joint venture between Chery and JLR now official its seems unlikely to be a problem as JLR will already have agreed to Chery producing JLR cars with Chery badges on.
Koenisgesgg Agera R BLT impounded by China’s customs
Sat, 13 Oct 2012The one-off Koenigsegg Agera R BLT has been impounded by China’s customs officials as they believe it was being smuggled in to China. When we reported the Agera R BLT had been created, we also noted that it was already crated up and on its way to China for the delight and delectation of its new owner. Unfortunately, it looks like China’s Customs officers read the same news and were ready and waiting for the one-off Agera.
Mazda SkyActiv technology goes on offer to raise funds
Wed, 15 Feb 2012Mazda is looking to license their SkyActiv Technology to raise capital (CX-5 with SkyActiv pictured) Mazda are predicting losses for the current financial year of £750 million and are looking to sell their SkyActiv technology to raise cash. Mazda isn’t having the best of times at the moment, despite an impressive range of cars that are getting more interesting with Mazda’s SkyActiv technology, and are predicting that they will post a loss of around £750 million for the current financial year. There are a variety of reasons for Mazda’s financial predicament – including the strength of the Yen and the production problems after the Japanese Tsunami – but this is the fourth year in a row Mazda has posted losses.