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Will Volvo need a JV in China with itself?
Tue, 29 May 2012Western car makers wanting to operate in China need a joint venture with a Chinese partner. And it looks like Volvo is going to have to partner with itself to keep officials happy. The Chinese authorities are keen to make sure that Western car makers can’t just rock up on their doorstep, open up a factory or three and flog cars in the most populous nation on earth.
GM to drop plans for range-topping Cadillac sedan
Mon, 01 Jul 2013General Motors has decided to deep-freeze a range-topping ultraluxury sedan it was developing for Cadillac, according to three people with knowledge of the company’s plans. GM executives recently concluded that the rear-wheel-drive car, which would have been a low-volume showstopper priced well north of $100,000, didn’t offer enough brand-building pizzazz to justify the investment, the sources said. Designers recently were taken off the program and reassigned.
Mini nears big sales record
Thu, 01 Sep 2011BMW's Mini brand will reach an all-time sales record this year, BMW sales and marketing chief Ian Robertson said. BMW sold 132,000 Minis in the first half. "If you double the half-year total, you aren't far off results for the year," Robertson told Automotive News Europe.