HONG KONG (AP) - Brilliance China Automotive Holdings Ltd., China's largest minibus maker, said Friday it plans to sell 100,000 vehicles this year, up 43 percent from 70,000 vehicles in 2005.

The Hong Kong-listed company said it expects new models and improving market conditions will boost sales this year.

Recent investing newsJoystar Names Charlie Lee Sr. V.P. Asian Markets Ohio Casualty Corporation Announces Increase in Quarterly Dividend Delta Union Files Objection to Proposal Brady Corporation Declares Quarterly Dividend to Shareholders FPL Contributes $1 Million to Care To Share to Help Needy Families With Electric Bills; The Company Also Offers Incentives and Programs to Encourage Energy Conservation and Advocates for LIHEAP
Brilliance China also has a 49 percent stake in a joint venture with Germany's Bayerische Motoren Werke AG to make BMW cars in China. Company Chief Executive Qi Yumin said he expects sales of BMW cars in China to reach 20,000 to 25,000 vehicles this year, up from 17,500 in 2005.

The sales for the joint venture aren't included in the company's overall sales target of 100,000 vehicles.

Minibuses are Brilliance China's core business, but Qi said he expects sales of sedans to increase in proportion to minibus sales this year.

The company's Zhonghua-brand sedans yield higher profit margins than its minibuses.

Qi took over as chief executive of the company, based in the northeastern city of Shenyang, Liaoning province, last month.

He said he will try to improve Brilliance China's financial performance this year.

The company had reported a net loss of 299.5 million Chinese yuan ($37.2 million) in the first half of 2005, hurt by lower sales in its minibuses and sedans.

Qi said the company will increase production to achieve economy of scale and improve quality of its vehicles to boost sales.

© 2006 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed
http://news.moneycentral.msn.com/provider/providerarticle.asp?feed=AP&Date=20060210&ID=5494495

Company is bullish on turnaround story, but downside protection features needed to compensate for desired high premium.

Hong Kong-listed Brilliance China Automotive Holdings last night raised $182.68 million from the sale of convertible bonds that got the bookrunner working for its money.

The mainland car maker, which has been under pressure over the past year because of oversupply in the industry and a margin squeeze caused by rising steel prices, needed cash to be able to refinance an outstanding $200 million CB that is deeply out of the money and is likely to be put back to the company in November. advertisement



But rather than playing it safe and going for a low conversion premium to ensure success, the management wanted to make the most of its bullish views about the company’s growth prospects.

Consequently it went out with an aggressive conversion premium range of 36% to 45% over last Thursday’s close of HK$1.42, which not surprisingly ended up being fixed at the low end for a conversion price of HK$1.93. (The Hong Kong market was closed for a holiday on Friday and the stock was suspended yesterday)

The conversion premium record for a Hong Kong-listed company is 50%, which was pulled off by tissue paper manufacturer Hengan International Group on a HK$1.5 billion bond issue in mid-April. Before that the record was 40%.

However, even at the 36% level Brilliance China’s bonds required a few additional features to protect investors on the downside, including an aggressive double conversion price reset.

Citigroup Global Markets as the sole arranger was able to sew it all together, and in the end around 35 investors participated. The deal was said to have been “comfortably covered” and “fully placed” which typically means it was between one and two times subscribed.

Allocations were skewed towards Asia, but with healthy demand from both Europe and offshore US accounts. The bonds weren’t offered to US-based investors.

The key selling argument was to look at Brilliance China as a turnaround story and some investors were said to have spent a lot more time than is common for a CB issue to try and understand where the cash is going to come from and what the company’s credit profile looks like. As usual though, the final decision on whether to participate or not was down to pricing, and here the company did cut investors some slack.

“The company has a very bullish view on the turnaround story, but it was willing to pay for it with a higher yield…and as it turned out, the market could just deliver (what it was looking for in terms of premiums),” one observer says.

..http://www.financeasia.com/article.aspx?CIaNID=32341

HONG KONG, June 2 (Reuters) - China's largest minibus maker Brillance China Automotive Holdings Ltd. (1114.HK: Quote (http://today.reuters.com/stocks/overview.aspx?symbol=1114.HK&WTmodLoc=InvArt-C1-ArticlePage1), Profile (http://today.reuters.com/stocks/CompanyProfile.aspx?symbol=1114.HK&WTmodLoc=InvArt-C1-ArticlePage1), Research (http://today.reuters.com/stocks/ResearchReports.aspx?symbol=1114.HK&WTmodLoc=InvArt-C1-ArticlePage1))(CBA.N: Quote (http://today.reuters.com/stocks/overview.aspx?symbol=CBA.N&WTmodLoc=InvArt-C1-ArticlePage1), Profile (http://today.reuters.com/stocks/CompanyProfile.aspx?symbol=CBA.N&WTmodLoc=InvArt-C1-ArticlePage1), Research (http://today.reuters.com/stocks/ResearchReports.aspx?symbol=CBA.N&WTmodLoc=InvArt-C1-ArticlePage1)) said on Friday that it sold 57 percent more of its own brand vehicles in the first five months thanks to new models and improved consumer sentiment.
The company, a joint venture part of Germany's BMW A.G. (BMWG.DE: Quote (http://today.reuters.com/stocks/overview.aspx?symbol=BMWG.DE&WTmodLoc=InvArt-C1-ArticlePage1), Profile (http://today.reuters.com/stocks/CompanyProfile.aspx?symbol=BMWG.DE&WTmodLoc=InvArt-C1-ArticlePage1), Research (http://today.reuters.com/stocks/ResearchReports.aspx?symbol=BMWG.DE&WTmodLoc=InvArt-C1-ArticlePage1)), sold 13,800 Zhonghua brand cars in the first five months, up 254 percent from 3,900 cars in the same period last year, said vice president Elsie Chan.
That compared with a sales target of 40,000 cars for the year and 10,000 cars sold in 2005, she told Reuters in an telephone interview. Brilliance China also sold 30,300 minibuses from January to May, an increase of 25 percent from 24,200 buses the previous year. It aims to sell 80,000 buses this year against 60,000 buses it sold last year.


The company was planning to raise sales prices by between 5 and 10 percent, The Standard earlier on Friday cited Brilliance Chairman Wu Xiaoan as saying.
Wu said he was confident the company, which posted a 649 million yuan (US$80.94 million) loss in 2005, would return to profitability this year on strong demand for vehicles.
Chan said the company planned to launch minibuses with new interior designs later this year, which may sell at higher prices. She also agreed that a 5-10 percent increase was fair expectation.
The company has no intention of raising car prices, she said. It launched a new model of Zhonghua, named Junjie, in March at price of between 90,000 yuan (US$11,220) and 130,000 yuan...
source:http://today.reuters.com/stocks/QuoteCompanyNewsArticle.aspx?view=CN&storyID=2006-06-02T112349Z_01_HKG40902_RTRIDST_0_AUTOS-CHINA-BRILLIANCE.XML&rpc=66

BEIJING (XFN-ASIA) - Brilliance China Automotive Holding Ltd, the Chinese partner of BMW AG, said it sold 92,200 units in the six months to June, up 62.11 pct year-on-year.

The automaker said in a statement that revenue for the period rose 34.5 pct from a year earlier to 13.6 bln yuan.

Apart from its joint venture with BMW, the Chinese automaker also produces vehicles using its own brands, including Zhonghua sedans and Jinbei minibuses.

Auto sales in China rose 26.7 pct year-on-year to 3.54 mln vehicles in the first half, with passenger car sales up 36.53 pct at 2.51 mln units, according to figures released by the Ministry of Commerce last week.

(1 usd = 8.00 yuan)

HONG KONG, Sept. 22 /Xinhua-PRNewswire-FirstCall/ -- Brilliance China Automotive Holdings Limited (the "Company") (NYSE:CBA) announced today the interim results for the six months ended June 30, 2006 prepared in accordance with generally accepted accounting principles in the United States of America.


Unaudited consolidated net sales of the Company and its subsidiaries (the "Group"), including Shenyang Brilliance JinBei Automobile Co., Ltd. ("Shenyang Automotive"), Shenyang XingYuanDong Automobile Component Co., Ltd. ("Xing Yuan Dong"), Ningbo Yuming Machinery Industrial Co., Ltd. ("Ningbo Yuming"), Ningbo Brilliance Ruixing Auto Components Co., Ltd. ("Ruixing"), Mianyang Brilliance Ruian Automotive Components Co., Ltd. ("Ruian"), Shenyang Brilliance Dongxing Automotive Component Co., Ltd. ("Dongxing"), Shenyang ChenFa Automobile Component Co., Ltd. ("ChenFa"), Shenyang Jindong Development Co., Ltd. ("Jindong"), Shanghai Hidea Auto Design Co., Ltd. ("Hidea Auto") and Shenyang Brilliance Power Train Machinery Co., Ltd. ("Power Train") for the first six months of 2006 were Rmb4,348.6 million (US$543.6 million), representing a 55.5% increase from Rmb2,796.0 million (US$337.7 million) for the same period in 2005. The increase in sales was primarily due to an increase in the unit sales of Shenyang Automotive's minibuses and, especially, Zhonghua sedans during the period in 2006.

Shenyang Automotive sold 37,571 minibuses in the first half of 2006, representing a 27.5% increase from the 29,471 minibuses sold during the same period in 2005. Of these vehicles sold, 29,709 were mid-priced minibuses, representing a 14.7% increase from 25,905 units sold during the same period in 2005. Unit sales of deluxe minibuses increased by 120.5% from 3,566 units in the first six months of 2005 to 7,862 units for the same period in 2006. Shenyang Automotive sold 19,398 Zhonghua sedans in the first half of 2006, representing a 321.9% increase from the 4,598 Zhonghua sedans sold during the same period in 2005.

Unaudited cost of sales rose by 60.0% from Rmb2,535.3 million (as restated) (US$306.2 million) in the first six months of 2005 to Rmb4,056.7 million (US$507.1 million) for the same period in 2006. This increase was primarily due to the increase in unit sales of both the minibuses and Zhonghua sedans. However, the unit costs for minibuses and Zhonghua sedans decreased in the first half of 2006, mainly due to improvement in production efficiency and economies of scale together with the decrease in costs of components.

Despite the increase in sales and decrease in unit costs, the overall gross profit margin of the Group decreased from 9.3% (as restated) for the first half of 2005 to 6.7% for the same period in 2006, as a result of continued price competition and a shift in product mix to lower-margin products.

Unaudited selling expenses increased by 3.2% from RMB204.6 million (US$24.7 million), representing 7.3% of turnover, in the first half of 2005, to RMB211.2 million (US$26.4 million), representing 4.9% of turnover, during the same period in 2006. The increase was mainly due to an increase in transportation costs for finished products as the sales volume of Zhonghua sedans and minibuses in the first half of 2006 increased.

Unaudited general and administrative expenses decreased by 3.0% from RMB335.0 million (as restated) (US$40.5 million) in the first six months of 2005 to RMB324.9 million (US$40.6 million) for the same period in 2006, mainly as a result of a decrease in research and development expenses and staff costs.

Unaudited interest expense net of interest income decreased by 47.9% from RMB84.6 million (US$10.2 million) in the first six months of 2005 to RMB44.1 million (US$5.5 million) for the same period in 2006, resulting mainly from the decrease in financing costs in relation to the decrease in issuing the bank guaranteed notes for discounting purpose.

Unaudited net equity in earnings of associated companies and jointly controlled entities increased from a loss of Rmb29.8 million (US$3.6 million) in the first half of 2005 to earnings of Rmb58.5 million (US$7.3 million) for the same period in 2006. This was mainly attributable to the profits contributed by BMW Brilliance Automotive Ltd., the Group's 49% indirectly- owned jointly controlled entity in the first half of 2006. The BMW joint venture achieved sales of 9,822 BMW sedans in the first six months of 2006, an increase of 35.4% as compared to 7,253 BMW sedans for the same period in 2005.

Unaudited net other income increased by 15.2% from Rmb34.3 million (US$4.1 million) in the first half of 2005 to Rmb39.5 million (US$4.9 million) for the same period in 2006. The increase was primarily attributable to a gain from the buyback of certain convertible bonds due 2008 and penalty payment received from a supplier for failure to deliver contracted volume before pre-agreed deadline.

The Group recorded an unaudited loss before taxation and minority interests of RMB190.3 million (US$23.8 million) in the first half of 2006 as compared to RMB581.0 million (US$70.2 million) for the same period in 2005. Unaudited taxation increased by 20.9% from RMB21.1 million (US$2.5 million) in the first half of 2005 to RMB25.5 million (US$3.2 million) for the same period in 2006, resulting mainly from the increase in taxable income of the Group in the first half of 2006.

The Group recognized an income of Rmb13.2 million (US$1.7 million) under unaudited other comprehensive income, representing the fair value adjustment for securities available-for-sale in the first half of 2006, compared to a loss of Rmb9.5 million (US$1.1 million) for the same period in 2005.

As a result, the Group recorded an unaudited comprehensive loss of Rmb83.4 million (US$10.4 million) for the first half of 2006 as compared to that of Rmb349.9 million (US$42.3 million) for the first half of 2005. Unaudited basic loss and dilutive loss per ADS was US$0.33 for the first half of 2006 as compared to that of US$1.12 in the first half of 2005. Given the Group recorded an unaudited comprehensive loss during the first half of 2006 and 2005, potentially dilutive stocks from conversion of the convertible bonds and outstanding share options were excluded in the calcution of diluted loss per share for these periods because to do so would be anti-dilutive.

Mr Wu Xiao An, Chairman of the Company, said "Conditions in the Chinese automotive industry continued to be difficult and competitive in the first half of 2006. Despite this challenging environment, the Group's operations and sales had improved compared to the corresponding period last year. During the first half of 2006, a series of new models of Zhonghua sedans and Granse minibuses were launched and were well-received by customers. Looking into the second half of 2006, the gradual recovery in the Chinese automotive industry is expected to gather momentum, although the operating environment continues to be challenging. The Group expects total revenues to increase in the second half of 2006 primarily due to the anticipated strong increase in sales of its Zhonghua sedans. The Group also believes that many of the marketing and repositioning strategies it has been pursuing have placed the Group in a better position to deliver satisfactory operating results and profits over the medium-term.

The Company, incorporated in Bermuda, was established in 1992 to own a 51% interest in Shenyang Automotive, a Sino-foreign joint venture enterprise established in 1991. Shenyang Automotive, located in Shenyang, the capital of Liaoning Province and the commercial center of the northeastern region of China, is the leading manufacturer of minibuses in China. In May 1998, the Company acquired a 51% equity interest in Ningbo Yuming, a wholly foreign- owned Chinese enterprise primarily engaged in the production of automotive components. Subsequently, in October 2004, the Company further acquired the remaining 49% equity interest in Ningbo Yuming. As a result, Ningbo Yuming becomes a wholly owned subsidiary of the Company. In May 1998, the Company also acquired a 50% equity interest in Mianyang Xinchen Engine Co., Ltd., a Sino-foreign joint venture manufacturer of gasoline engines for use in passenger vehicles and light duty trucks. In October 1998, June 2000 and July 2000, the Company established Xing Yuan Dong, Ruixing and Ruian, respectively, as its wholly owned subsidiaries to centralize and consolidate the sourcing of auto parts and components for Shenyang Automotive. In December 2000, the Company acquired a 50% equity interest in Shenyang Xinguang Brilliance Automobile Engine Co., Ltd., a Sino-foreign equity joint venture manufacturer of gasoline engines for use in passenger vehicles. In December 2001, the Company acquired 100% of the equity interests in Dongxing, a foreign-invested manufacturer of automotive components in the PRC. In December 2001, the Company established a 90%-owned Sino-foreign joint venture, Shenyang Xingchen Automotive Seats Co., Ltd. ("Shenyang Xingchen"), a manufacturer of automotive seats in the PRC. Shenyang Xingchen has ceased its operation since July 2003.

In April 2002, the Company established an indirect 75.5%-owned subsidiary, Jindong, to trade automotive components and scraps in China. In May 2002, Shenyang Automotive obtained the approval from the Chinese Government to produce and sell its Zhonghua sedans in China.

In March 2003, the then indirect 81%-owned subsidiary of Company, Shenyang JinBei Automotive Industry Holdings Company Limited ("SJAI"), entered into a joint venture contract with BMW Holding BV to produce and sell BMW sedans in China. In April 2003, the Company, through its indirect 90%-owned subsidiary, entered into an agreement with the 10% shareholder of SJAI to acquire an additional 9% interest in SJAI. Upon completion, SJAI has become 89.1% indirectly owned by the Company and 10.9% directly and indirectly owned by the other shareholders. Accordingly, the Company's effective interests in the joint venture with BMW increased from 40.50% to 44.55%. Further, in December 2003, the Company further increased its effective interest in SJAI from 89.1% to 98.0% and thereby increased its effective interest in the joint venture with BMW from 44.55% to 49.0%.

In June 2003, the Company established a wholly owned subsidiary, ChenFa, to develop, manufacture and sell engine components in China.

In December 2003, the Company entered into agreements in relation to the proposed acquisition of an indirect 40.1% interest in Shenyang JinBei Automotive Company Limited, the joint venture partner of Shenyang Automotive and the supplier of certain automotive components for its minibuses and sedans production. Upon completion of the proposed acquisition and approval from the relevant government authorities, the Company's effective interests in Shenyang Automotive will be increased from 51% to approximately 70.7%. The transfer has been approved by the State-Owned Assets Supervision and Administration Commission of the State Council, and final approval by the China Securities Regulatory Commission is pending.

In April 2004, the Company established an indirect 63.25%-owned subsidiary, Hidea Auto, a company engaged in the design and development of automobiles and the provision of consulting services in relation to the Chinese automotive industry.

In December 2004, the Company established a direct & indirect 75.01%-owned subsidiary, Power Train, to manufacture and sell powertrains for engines in China.

Translation of amounts from Renminbi (Rmb) to U.S. dollars (US$) for the convenience of the reader has been made at the rate of US$1.00=Rmb8.00 for 2006 and US$1.00=Rmb8.28 for 2005. Translation of amounts from Hong Kong dollar (HK$) to U.S. dollars (US$) for the convenience of the reader has been made at the rate of US$1.00=HK$7.80. No representation is made that the Renminbi amounts and the HK$ amounts could have been, or could be converted into U.S. dollars at that rate or at any other rate. All financial information presented herein has been prepared in accordance with generally accepted accounting principles in the United States of America.


BRILLIANCE CHINA AUTOMOTIVE HOLDINGS LIMITED AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF INCOME
FOR THE PERIODS ENDED JUNE 30, 2006 AND 2005
(Expressed in thousands of Rmb, except for share and ADS data)

(Unaudited)
For the six months ended
2 0 0 6 2 0 0 5
(Restated)

Sales to third parties 3,507,643 1,931,574
Sales to affiliated companies 840,915 864,417

4,348,558 2,795,991
Cost of sales (4,056,686) (2,535,300)

Gross profit 291,872 260,691

Selling expenses (211,197) (204,568)
General and administrative expenses (324,882) (334,953)
Interest expense (76,390) (119,032)
Interest income 32,286 34,458
Equity in earnings of associated companies
and jointly controlled entities, net 58,534 (29,827)
Other income, net 39,459 34,251
Impairment loss on intangible assets - (116,000)
Impairment loss on goodwill - (106,000)

Loss before income taxes and minority interests (190,318) (580,980)

Income taxes (25,547) (21,127)

Minority interests 119,226 261,706

Net loss (96,639) (340,401)

Other comprehensive income (loss)
Fair value adjustment for securities
available-for-sale 13,195 (9,484)

Comprehensive loss (83,444) (349,885)

Basic loss per share in Rmb Rmb (0.0263) Rmb (0.0928)

Basic loss per share in US$ US$ (0.0033) US$ (0.0112)

Basic loss per ADS in US$ US$ (0.33) US$ (1.12)

Diluted loss per share in Rmb Rmb (0.0263) Rmb (0.0928)

Diluted loss per share in US$ US$ (0.0033) US$ (0.0112)

Diluted loss per ADS in US$ US$ (0.33) US$ (1.12)

Weighted average number of shares
outstanding 3,668,390,900 3,668,390,900

Weighted average number of ADSs
outstanding 36,683,909 36,683,909

Net loss adjusted for the diluted effect
of convertible bonds N/A N/A

Weighted average number of shares
outstanding adjusted for dilutive
effect of stock options and convertible
bonds 3,668,390,900 3,668,390,900

Weighted average number of ADSs
outstanding adjusted for dilutive
effect of stock options and convertible
bonds 36,683,909 36,683,

Was watching an American Business show which reported that BMW AG have expressed interest in buying 20% of Brilliance Automotive Group.

Would be good news for both IMO :)


Automaker stocks leap as laggards snapped up

FultonMakandagencies

Thursday, January 04, 2007

Shares of automotive stocks Brilliance China Automotive (1114) and Dongfeng Motor Group (0489) jumped more than 10 percent Wednesday while Geely Auto (0175) climbed nearly 5 percent, as investors started picking the laggard stocks on the Hang Seng Index.
Brilliance China, a Chinese partner of Bayerische Motoren Werke, surged 14.8 percent to close Wednesday at HK$1.63, amid speculation that BMW is acquiring a 20 percent stake in the carmaker for 180 million euros (HK$1.86 billion). The price represents HK$2.45 per share.

However, Merrill Lynch said the agreement is not close to being finalized and has downgraded its target price.

"Brilliance admitted the parties have been in talks regarding a potential acquisition but they have not been able to agree on the corporate structure, let alone the cost," wrote Grace Mak, a Merrill Lynch analyst, in a report.

Merrill Lynch has downgraded the target price for Brilliance China to HK$1.70 from HK$1.75, while cutting its 2006 earnings estimate from 150 million yuan (HK$149.5 million) to 51 million yuan due to higher marketing expenses for a joint venture with BMW, and slower minibus sales.

Dongfeng Motor also climbed 10.1 percent to close at HK$4.25 after hitting a record high of HK$4.29 during the day. Denway Motors (0203) climbed 4.76 percent, while Great Wall Motor (2333) remained unchanged.

Analysts believed the price surge in Brilliance China was mainly due to speculation about the BMW acquisition. Other auto stocks climbed as liquidity flowed into lagging stocks as the benchmark HSI continued to hit record highs.

"The price war in China's auto sector will slow down as the industry recovers," an analyst said. "The 12 times average price-earnings ratio of the Hong Kong-listed auto stocks also looks attractive compared with the world average of 15 times."

China's auto exports are likely to have hit a record high 340,000 units in 2006, nearly double the 172,000 units in 2005. Passenger car exports are likely to have tripled to over 90,000 units in 2006, Xinhua News Agency reported.

China will introduce a permit system March 1 for auto exports and some auto parts in a bid to better regulate the industry, as its rapid growth has raised concerns about unfair practices.

Manufacturers must prove they are able to provide after-sales service and that they have a strong sales network in the target markets before being granted a permit, according to Xinhua.

It also reported earlier that China would be establishing export quotas in 2007 in order to weed out companies that are too small to be serious exporters.

http://www.thestandard.com.hk

Chinese carmaker Shenyang Brilliance Jinbei Automobile (Shenyang, Liaoning; zhonghuacar.com) is apparently interested in taking over the GM assembly plant in Azambuja / Portugal. Located near Lisbon, the plant was closed at the end of 2006 as part of the company´s cost-cutting measures. With its own European production facility, the Chinese OEM – which made its debut in Europe with the "Zhonghua" model – could avoid the import duty of 10% that has to be paid when complete vehicles are imported into the EU.

WOW thats good news for Brilliance :D

good news for zhonghua, hopefully get more funding

BEIJING (XFN-ASIA) - Brilliance China Automotive Holdings, the Chinese partner of Bayerische Motoren Werke AG (BMW) said its 2006 sales revenue was up 47 pct from a year earlier at 31.9 bln yuan.

The automaker said in a statement on its website that its industrial value-added output surged 111 pct to 5.45 bln yuan in 2006. Auto sales increased 71.5 pct to 210,000 vehicles last year, of which 8,655 were exported, the company added.

Brilliance China Auto signed a contract last November with HSO Motors Europe, a German auto importer, to ship 158,000 units of its own Zhonghua branded cars to Europe over the next five years.

By Gong Zhengzheng (China Daily)
Updated: 2007-02-16 10:33

Encouraged by stronger-than-expected performance last year, Brilliance Automotive Group, the parent of Hong Kong-listed Brilliance China Auto, has raised its 2007 sales goal by 20 percent.

The group, which operates a joint venture with German carmaker BMW through its listed arm, said in a statement to China Daily that it plans to move 300,000 vehicles this year.

The figure is up from its previous sales target of 250,000 units announced early last year.

Based in northeastern Chinese city of Shenyang, the company said it expects to report 45 billion yuan in 2007 sales revenue, a jump of 41 percent from last year.

The company's sales soared by 71.5 percent last year to 210,088 vehicles, outpacing growth in the entire domestic auto industry. Its sales ranked it as the ninth-biggest automaker.

Sales of China-made automobiles climbed by a quarter to 7.22 million units last year, enabling the nation to unseat Japan as the world's No 2 vehicle market, according to industry data. Sales this year are widely forecast to reach 8.5 million units.

Brilliance Automotive Group said it aims to sell 35,000 vehicles abroad this year, up from 6,500 units in 2006.

The group in November agreed with a German car trader to ship a total of 158,000 own-brand sedans to Europe by 2011, the biggest overseas sales deal won by a Chinese automaker so far.

The company also started assembling its own brand sedans in Egypt last year with a local partner.

Xu Changming, an auto industry analyst with the State Information Center, predicted earlier that China's exports will grow to 500,000 units this year from 340,000 units in 2006.

Brilliance's lineup under its own badge includes the Zhonghua sedans, Jinbei and Granse vans, and Jinbei light-duty trucks.

It said it will roll out three new own-brand car models this year.

The company's venture with BMW in Shenyang makes BMW 3 and 5 Series sedans. Last year, the venture sold 22,550 vehicles, up 47 percent.

Was watching an American Business show which reported that BMW AG have expressed interest in buying 20% of Brilliance Automotive Group.

Would be good news for both IMO :)


I think "never this life" :D


Greetings from Mercedes-Town

Bebbi

Thanks & Welcome Bebbi :D

Something positive for Brilliance for a change...

-----------------------------------------------------

"BRILLIANCE China Automotive Holdings Ltd forecast it will beat its full-year sales goal of 200,000 vehicles after achieving more than 42 percent of the target in the first five months, Bloomberg News reported.

The company, a partner of Bayerische Motoren Werke AG, sold 50,000 of its own-brand Zhonghua models in January to May, up 263 percent from a year earlier, and 30,500 minibuses, Chairman Wu Xiaoan told reporters after Brilliance's shareholder meeting in Hong Kong today.

Brilliance, China FAW Group Corp and other carmakers are selling more vehicles as expansion of the world's fastest-growing major economy spurs demand. Vehicle sales surged 25 percent last year, helping China overtake Japan as the world's second-biggest auto market. Rising sales may help Brilliance post a profit for 2007 after two straight annual losses.

"We're confident we will turn to profit this year," Wu said. Brilliance recorded a profit in the second quarter, he said, without elaborating. It also sold 13,500 BMW sedans, up 67 percent, he said. The company forecasts it will exceed its 200,000 sales target for the full year, said Liu Zhigang, president of Shenyang Brilliance Jinbei Automobile Co, a venture between Brilliance and Shenyang Jinbei Automotive Co.

BMW and Brilliance agreed to increase the capacity of their venture to 50,000 vehicles a year from 30,000 to catch up with an expected surge in demand over the next two years, Wu said. "We will sell more than 30,000 BMW sedans this year," he said. The increase in capacity will need capital investment of no more than 20 million yuan (US$2.6 million), he added.

The venture sold 23,600 BMW sedans in 2006, up 35 percent from a year earlier. It contributed 106.7 million yuan of profit to Brilliance, up 238 percent from 2005. Brilliance's loss narrowed to 398.4 million yuan last year from 649.6million yuan a year earlier. Sales surged 92 percent to 10.5 billion yuan.

Brilliance shares rose 1.5 percent to HK$2.10 (27 US cents) at the 12:30 pm break in Hong Kong. The stock has gained 59 percent in 2007, beating the 10 percent gain in the benchmark Hang Seng Index."


- Shanghai Daily -

HONG KONG: Carmaker Brilliance China Automotive Holdings Ltd. will turn profitable in the second quarter this year after posting annual losses the past two years, its chairman said Friday.

The company, based in the central Chinese province of Hubei, also plans to come to an agreement soon with joint venture partner BMW AG to build a second BMW production plant in China, the chairman said.

"We are continuing to record strong sales growth this year," said chairman Wu Xiaoan after the company's annual shareholders' meeting. "After achieving break-even in the first quarter, we will turn to a profit in the second quarter," he said.

Brilliance China's increased production output has driven down unit production costs, Wu said. Vehicle prices have also remained firm on strong demand.

Wu said he was "very confident" the company would achieve full-year profit.

Brilliance China, which owns 49 percent of a joint venture with BMW producing BMW cars in China, sells minibuses and sedans under the Zhonghua luxury brand. It is the country's largest minibus maker by production.

The company said it sold 85,000 sedans and minibuses in the first five months this year, an increase of more than 70 percent from the year-earlier period.

Sales during the period accounted for 42.5 percent of its target of 200,000 vehicle sales this year. It sold 128,526 vehicles last year.

Brilliance China also sold 13,500 BMW cars during the period, up 69 percent from 8,000 units sold in the first five months of 2006.

Wu said sales this year of BMW cars assembled in China may surpass 30,000 units — the joint venture's designed capacity.

Brilliance China and BMW agreed last month to expand the joint venture's annual production capacity to 50,000 to meet demand in the next one to two years, he said. Brilliance China will use existing capacity at its minibus plant for the output increase.

He said the company is in "extensive talks" with BMW to construct a second dedicated BMW production facility. He expects to reach an agreement in the next two to three months. He declined to reveal the planned output for the new facility or the amount to be invested.

The company doesn't report quarterly results. It issues full-year and midyear results.

Wu said at last year's annual shareholders meeting he was confident the company would post a net profit for full-year 2006. However, the company reported a net loss of 398.4 million yuan (US$52.4 million; €39.1 million), an improvement over a net loss of 649.6 million yuan (US$85.4 million; €63.8 million) in 2005.

Brilliance China's share were up 1.5 percent in Hong Kong at HK$2.10.

BEIJING (XFN-ASIA) - Brilliance China Automotive Holdings, the Chinese partner of Bayerische Motoren Werke AG (BMW), said it sold 194,000 vehicles in the first eight months to August, up 50.8 pct from a year earlier.

Sales revenue for the eight months period increased 41.9 pct year-on-year to 28.66 bln yuan, with exports surging 64.6 pct to 88.19 mln usd, said Brilliance Auto in a statement.

The company added that it will be the only Chinese automaker to display its own brand of cars at the International Motor Show (IAA) starting this week in Frankfurt, in a move to further expand its overseas market presence.

Brilliance China signed a contract in November last year with HSO Motors Europe, a German importer, for 158,000 Zhonghua-branded sedans over five years.

It also signed a deal with a Russian trade company in March to export 80,000 units of its Jinbei Haice minibus there over the next five years.

The Chinese automaker is currently making efforts to export its Zhonghua Zunchi model, also named the BS6 sedan in Europe, to the US market.

I bet they can sell as many cars as they can produce - they really have the best looking domestic cars in China.

I can't wait to get my hands on one in the US.

Brilliance China Automotive Holdings says its consolidated net sales for the first half of fiscal 2007 surged 78.1% to Yuan 7.74bn (US$1.03bn) from Yuan 4.35bn a year earlier, primarily due to strong vehicle sales at its subsidiary, Shenyang Automotible

So that's why CBA dumped US stock market???

maybe they dumped us market cuz it wasnt benefical to them and maybe they goonna stick to local china funding for china market

Brilliance Auto sold 300,000 vehicles in 2007.

December 28 – China’s Brilliance Auto sold 300,369 completely built-up vehicles year to date, up 42.72 percent from one year earlier, China’s state news agency Xinhua reported today.

In 2007, Brilliance Auto’s total revenue reached RMB 43 billion (USD 5.86 billion), up 32 percent from one year earlier. Meanwhile, the automaker has exported 15,500 completely built-up vehicles in 2007.

Year to date, Brilliance Auto has sold 115,000 Zhonghua sedans, up 82 percent from one year earlier. The 115,000 Zhonghua sedans include 32,000 Zhonghua Zunjie vehicles, and 82,000 Zhonghua Junjie vehicles.

Brilliance Auto also sold 28,906 BMW 3 series and 5 series sedans in the first 11 months of this year, up 43.4 percent from one year earlier.

source: Gasgoo.com

BEIJING (XFN-ASIA) - Brilliance China Automotive Holdings, the Chinese partner of Bayerische Motoren Werke AG (BMW), said it sold 194,000 vehicles in the first eight months to August, up 50.8 pct from a year earlier.

Sales revenue for the eight months period increased 41.9 pct year-on-year to 28.66 bln yuan, with exports surging 64.6 pct to 88.19 mln usd, said Brilliance Auto in a statement.

The company added that it will be the only Chinese automaker to display its own brand of cars at the International Motor Show (IAA) starting this week in Frankfurt, in a move to further expand its overseas market presence.

Brilliance China signed a contract in November last year with HSO Motors Europe, a German importer, for 158,000 Zhonghua-branded sedans over five years.

It also signed a deal with a Russian trade company in March to export 80,000 units of its Jinbei Haice minibus there over the next five years.

The Chinese automaker is currently making efforts to export its Zhonghua Zunchi model, also named the BS6 sedan in Europe, to the US market.

I wonder if they will choose David Shelburg or some other importer. For a while david shelburg and his team were going to bring it to the states.

Brilliance developed diesel engine for BS4 and BS6.

Brilliance has a fair share of interest in the European market, they are determined to make an entry into the heart of Euro land. Last year they did make an entry but it was rather like dive bombing into the swimming pool with an awful crash test rather than a graceful dive. Brilliance went back at the crash test in Spain, and gained a reasonable 3 stars. Many automotive commentators believe that Brilliance really needs a diesel model if they are going to make any head roads into the European executive car market - those guys need a car thats economical and good enough to do a few thousand kilometers on the highways per month! Brilliance listened, and they delivered, a 1.9 Turbo Diesel BS4 and a BS6 are expected to be launched at the Beijing Auto Show later this month. The 1.9 turbo diesel engine is a first from Brilliance, and quite possibly a first from a Chinese auto manufacturer. The turbo is sourced from Bosch, whilst the engine is a home grown 4 cylinder design which meets Euro 3 and Euro 5 emission specifications, which makes it good for sales in both China and Europe.

source: China Car Times

Brilliance China Automotive Holdings has returned to profitability following two years of losses. The OEM recorded an annual net profit of Yuan 166.36m (US$23.8m) for the year ended 31 December 2007, compared with a loss of Yuan 704.64m in 2006.

Brilliance to launch over 10 new models in 2008

Updated: 2008-05-04 Source:Gasgoo

Brilliance Auto, the Chinese partner of BMW, displayed nine new cars and four new engines at the 2008 Beijing auto show last month. At the show, the company unveiled its Junjie Wagon, six-generation Haise (H1S) and 2009 Granse MPV as their world premieres. It is reported that Brilliance will launch more than ten new car models this year based on its innovative development of own brands.

The Brilliance Junjie Wagon is based on the Junjie sedan designed by Pininfarina. The car has a sporty look, and it features a smooth beltline and roof that blends into the back. It's expected to fill a luxury niche for the Junjie brand. As one of the all-new models made by Brilliance Auto to meet the growing market demand, the Junjie Wagon is a perfect mix of the sedan concept and wagon features, offering a free choice of mobility for your business and leisure hours.

The Junjie FRV is seen as the company's rival for the Volkswagen Bora HS. The Junjie FRV family edition is designed and engineered by Italian auto design firm Giugiaro. Its splendid architecture ensures the excellence and balance of your driving experience, and achieves the beauty of your harmonious family life. The design of the Junjie FRV sports edition highlights the muscular streamline of the car body and has brought out the sporty features of the sedan and sports cars.

At the recent roll-out ceremony of the carmaker's Junjie FRV model, the chairman of Brilliance Auto said that the company will continue to pursue its self-development strategy and make full use of its partnership with global brands. The design and launch of Junjie FRV is a landmark in Brilliance's capability and expansion in the competitive auto market. This model will also help Brilliance optimize its product variety and expand its product lineup.

Over the past few years, Brilliance Auto has independently developed nearly 20 products, including the Zhonghua Junjie, Zhonghua A-class Car, Zhonghua Coupe sports sedan, elongated 14-seater Haise, 11-seater Granse, and 1.8T turbo-charged engine. All these have enhanced the company's abilities to design and manufacture complete vehicles and to supply some supporting auto parts. Its products vareity has expanded to the high-, medium- and low-end vehicle segments in the market.

In its effort to build up the product "quality, variety, and brands," Brilliance has sped up its steps in market growth and resources integration. In 2007, Brilliance sold more than 300,000 complete vehicles.

Brilliance said that it aims to sell 600,000 vehicles and 600,000 engines by 2010.

Brilliance launches cheap 1.8T Zhonghua sedans.

May 27, 2008 - Brilliance China Auto yesterday launched Zhonghua sedans powered by the 1.8T (turbo) engine, which has achieved a breakthrough in the mid- and high-end automobile segments of China's own brands. The average price of the 1.8T Zhonghua cars has risen by about 40,000 yuan ($5,740). Brilliance aims to sell 175,000 cars of this own brand in the coming three years and at this rate the carmaker is expected to increase its sales revenue by 7 billion yuan.

Equipped with the 1.8T (turbo) engine are five Zhonghua Zunchi models and four Zhonghua Junjie models. Their selling prices range between 125,800 yuan and 199,800 yuan. The turbo engine features the cutting-edge technology, and the imported or joint-venture-made 1.8T cars would sell for at least 180,000 yuan, but Brilliance's 1.8T sedan can sell at a price lower than 130,000 yuan. So some analysts and customers doubt whether the low pricing is a sales gimmick by Brilliance.

In response to the doubt, Brilliance CEO Qi Yumin said that the company set the prices of its 1.8T sedans very cautiously, mainly based on possible brand recognition they will bring and the long-term returns on the investment. However, Qi admitted that the low pricing will also help the Zhonghua sedans penetrate into the domestic and global markets more quickly. In addition, it is impossible for the homegrown brand to sell at the same price of imported or JV-made brands using this technology.

Brilliance aims to sell 80,000 Zhonghua sedans equipped with the 1.8T engine this year and 100,000 units in 2009 to balance the carmaker's hefty investment in the 1.8T (turbo) engine technology. The company had invested 1.05 billion yuan in the research and development of the 1.8T (turbo) engine, Qi said.

source: Gasgoo.com

Brilliance mulls adding SUV model to its lineup

June 4, 2008 - BMW's Chinese partner Brilliance Auto is mulling developing a SUV model in one and a half year to complete its lineup, chairman said recently.

"Now that we have introduced new sedan, FRV and Wagon models, a SUV model become a necessity for our product lineup", Liu Zhigang, president of Brilliance, told the press at the launching ceremony for Junjie FRV, which has already debuted at the 2008 Beijing auto show in April.

Asked which market segment the new model will slot in, Liu only said Brilliance's SUV will be positioned higher than Chery's Tiggo, which is selling for 86,800 yuan ($12.534) in the Chinese market for the time being.

Last year the number of SUVs sold in China rose 58 percent to 375,300 units and Chery alone sold 50,098 Tiggo, representing an increase of 77%.

source: Gasgoo.com

Brilliance China to export cars to Germany, U.S..

June 06, 2008 - Brilliance China Automotive Holdings Limited, a Chinese partner of Germany's BMW AG, plans to boost export this year and bring its products to Europe, North America, and Russia.

Its aims to sell 30,000 units in overseas markets in 2008, 60,000 in 2009, and even more in 2010, said its chairman Qi Yumin. Notably, its complete vehicle export surged 79 percent year on year to 15,500 units in 2007.

Recently, the automaker has just put its three Junjie FRV cars into the market. The first batch of Junjie cars, which meet the European three-star standards, are scheduled to head for Germany this July, disclosed Yang Bo (transliterated), general manager of its global sales arm.

At the current 78th Geneva International Motor Show, Brilliance China showed three car models, including Zhonghua Galena 2.0 luxury, Zhonghua Splendor 1.8T AT top-class and Zhonghua Coupe 1.8T MT, part of its efforts to make inroads into the European continent.

Its annual sales would reportedly reach 200,000 units within ten years in the continent with a market share up to 1.5 percent. Its products are expected to enter 22 European countries, according to its long-term strategy.

Moreover, its 1.8T Zhunchi sedans are having related tests now, and once passing the tests, they will be shipped to the US, the world's biggest auto market.

These years, Brilliance China has also been busy expanding in other overseas markets. Shenyang Brilliance Jinbei Automotive Co., Ltd., one of its affiliates, announced the release of its sedan model Splendor in Egypt at a press conference held in Cairo on November 5, 2007, earlier reports said.

Splendor has been the second car model the Shenyang-based arm released in Egypt after Galena, a medium-grade sedan model that marched into the country in 2006.

As early as in April 2005, Brilliance China entered Egypt through the cooperation with BMW's local venture. The Chinese automaker agreed to export 2,000 sets of components of Zhonghua- branded sedans by the end of 2005, marking the first export of Chinese medium-grade sedans to the African country.

Domestically, in order to boost its sales, Brilliance China Automotive will set up two joint auto financing ventures in partnership respectively with BMW and US General Electric Company (GE).

The China-German venture would mainly serve BMW dealers, and imported BMW cars, as well as products by BMW Brilliance Automotive Ltd., another venture between Brilliance China and BMW, said sources.

The China-US venture is scheduled to be formed in October 2008 with registered capital of 500 million yuan.

From:tradingmarkets.com

Brilliance Grandor, Splendor hit Hyra Motors’ stable.

Though the improvised oval test ground near the Astro Turf inside the premises of Government College, Ikoyi, Lagos, was not the best of drive tracks, it nevertheless provides enough challenges for some new cars to prove their Chinese mettle as the cream of motoring journalists put them on ‘trial’ recently.

The new vehicles were some units of manual and automatic transmission Splendor, product of Brilliance Auto - a Chinese auto maker represented in Nigeria by Hyra Motors. And did they impress? In terms of cornering ability, Splendor won as many hearts as it did with its sheer elegance and poise.

The car demonstrated that its braking distance was good for safety.

Sound proofing in the Splendor was splendid which explains why even when the accelerator pedal was slightly stepped on, the rev of the engine was hardly audible. The ‘silence’ of the engine totally belied its power a little bit of which manifested while the car was being driven round the test spot.

But perhaps, the best part of the Splendor is its interior trim. Executive may be the best word to apply here in describing the ambience of the cabin. And with the air-conditioner functioning superbly, borrowing the word of a journalist, the cabin of the Splendor is a tribute to the craftsmanship of the Brilliance engineers.

With Splendor’s performance that Saturday afternoon, there is no doubt that the Brilliance brand will follow the successful course charted by another Chinese brand (Geely) in Hyra Motors stable just as easily as hot knife goes through butter.

Available in 1.8 litre manual and 2.0 litre automatic, the Splendor is accompanied in its drive into the Nigerian market by two bigger sisters Grandor and Zhonghua, both of which were not present during the test drive two weekends ago, but according to the managing director of Hyra, Mr. Seyi Oyinlola, the trio are some of the best vehicles ever made in China.
“These cars are coming out of the same production line as BMW… no one will believe they are from China”, Oyinlola remarked, stating that Hyra Motors was being careful not to introduce too many Brilliance models at the same time. The tropicalised vehicles are backed with a warranty of three years or 100,000 kilometers.

Zhonghua’s state-of-the-art design is reflected in the lines of the diamond shaped headlights and the rounded rear lights. Additional bodywork protection is provided in its unique anti-collision door strips in a colour to match the bodywork.

It also has its fair share of safety systems. An on-board light sensor automatically adjusts the intensity of the vehicles lights to suit the driving environment. Inside, a six-disc DVD player is fitted with hi-fi speakers and a 6.5” high-definition LCD screen, offering an extraordinary standard of in-car entertainment.

The Hyra boss explained that next to their quality, the obvious advantage the Brilliance vehicles are driving in with are competitive prices. For instance, while the Grandor is available at N3, 6 million, other executive sedans in its class are priced far above N4 million, the guests were told. And to make ownership of the cars easier, the marketer has gone into partnership with bank to enable buyers make 10 percent down payment and have the balance of the cost spread over many months.

With A1, another Brilliance offering hitting the stable in the next couple of months, Hyra Motors may well be on course to meet the target of 1,000 vehicles this year. The company has also embarked on a network development project which will see more showrooms and after sales facilities in Lagos, Abuja and Asaba in a matter of weeks.

After sales activities, it was learnt, are coordinated by Femi Elutide, the workshop manager said to be “Geely and Brilliance-certified”.

Meanwhile, as an incentive to buyers and as part of an introductory package, Hyra Motors is dangling a reward of two nights for two in a top hotel anywhere in the world for purchase of a Splendor, while any buyer of Grandor gets seven nights free stay for four.
from: sunnewsonline.com

Brilliance China to export cars to Germany, U.S..




this just doesnt seem like it will happen anymore

they keep saying year after year


TO export...not IS exporting

Brilliance Auto to start Sichuan plant by year end

September 16, 2008


Shanghai, September 16 (Gasgoo.com) Brilliance Auto, a leading manufacturer and distributor of sedans, minibuses and auto parts in China, will officially launch its production base in Mianyang, Sichuan province by the end of this year, Beijing Business reported today.

Brilliance has shared the production line with its partner BMW for producing Zhonghua vehicles and BMW cars. But now production expansion gradually has affected both sides, and the potential of further extending the production capacity has emerged, a person close to Brilliance said.

As Brilliance BMW has launched its second plant project, Brilliance has also begun to plan its production extension.

The upcoming Sichuan Mianyang plant will add 100,000-unit capacity to Brilliance Auto, which currently has total a production capacity of 400,000 units in its Brilliance Jinbei plant. The Mianyang plant, as Brilliance mini-van manufacturer, will mainly produce Jinbei series vehicles.

"The emerging exports of Brilliance Auto acted as another factor which drives the automaker to expand its production," an analyst said.

Brilliance plans to export 30,000 to 50,000 complete vehicles this year and 60,000 units in 2009. "The company is likely to fulfill the sales target," a source close to Brilliance international business revealed, "Brilliance's exports will take up one third of the automaker’s total sales within three to five years. The automaker has made big progress in exporting its vehicles to Russia, South Africa and some European countries."

http://www.gasgoo.com/auto-news/1007763/Brilliance-Auto-to-start-Sichuan-plant-by-year-end.html

Brilliance Auto '08 export to top 20,000 vehicles

December 11, 2008
Shanghai, December 11 (Gasgoo.com) Brilliance Auto, a Chinese partner of BMW, exported 18,821 vehicles in the first ten months of this year, up 95% from one year earlier, and expects its whole-year export to exceed 20,000 vehicles, said xinhuanet.com today.

Brilliance Auto has proactively adjusted its strategy to fight the financial crisis and laid a sound foundation for the company's sustainable growth. In addition to retooling itself, the Chinese automaker has intensified its technological cooperation with BMW, Toyota, Italian design firms and other global companies, and has made great efforts to produce "high-tech, low-emissions, fuel-efficient" green premium cars.

The engine R&D capability of Brilliance Auto is well matched with its auto design and manufacturing abilities. The company has started the technological revamp and upgrade of its core auto parts including the automatic transmission.

On the other hand, Brilliance Auto has explored both the low-end and high-end markets at home and abroad. In the global markets, Brilliance has boosted recognition of its own brands, and has successfully entered the high-end markets in Germany and other European countries. Brilliance vehicles are also selling well in the low-end markets in Southeast Asia and South Africa.

A series of proactive and effective measures have driven Brilliance vehicles into Europe, North America, Russia and other markets. Brilliance Auto is tapping further into the local and global markets for better growth.

http://www.gasgoo.com/auto-news/1008687/Brilliance-Auto-08-export-to-top-20-000-vehicles.html

i think the next 1-2 years is the best time for china to enter US market but they really need to invest in safety to meet that timeline!

how much is brilliance price list in china? anyone bought it? how is it?

Brilliance Auto to mass-produce $8,800 taxis.

August 6, 2009
Chairman of China's Brilliance Auto said at a press conference last Friday that the company plans to mass produce 60,000 yuan ($8,800) to 70,000 yuan taxis next year.

Qi Yumin told reporters that he is impressed with Geely Automobile's black taxi cabs, which look quite different from the traditional appearance of four-door sedans.

But he said that Brilliance's taxi products would sell at 60,000 yuan-plus, much cheaper than Geely taxi cabs. Meanwhile Brilliance Auto's taxis will be based on its A-Class platform, where Junjie FRV (BS2) and FSV sedan are being built.

Other products scheduled for next year include another A-Class sedan codenamed "A4", upgraded Junjie and Haishi, as well as some special purchase vehicles (SPV). The Junjie Wagon (BS4) is also scheduled to be exported to Europe beginning next year.

The chairman did confirm that the company is in talks with Daimler AG to build SPVs for Chinese market next year.

Brilliance Auto sold 285,242 vehicles in 2008, ranking eighth among Chinese automakers. It is aiming to sell 330,000 vehicles this year and 450,000 to 500,000 vehicles next year.

from Gasgoo.com

Brilliance entered Brazilian market:
http://revistaautoesporte.globo.com/Revista/Autoesporte/0,,EMI173799-10142,00-BRILLIANCE+CHEGA+AO+MERCADO+BRASILEIRO.html


Translated with Google:
The Chinese automaker Brilliance has already landed its vehicles in Brazilian territory. Since the end of October, four vehicles can choose between: CRF , CRF Cross , FSV and the Splendor, better known as BS4 on European soil.

The FRV is equipped with a gasoline engine of 1.5 liters and 113 hp. This same block is also incorporated in FRV Cross, which shares almost everything with the exception of aesthetic jacket. In both cases are associated with five-speed manual gearbox. As for the FSV, moves through the 1.6i 16v 100 hp. Not particularly brilliant, but can be quiet enough for use. The most interesting is its standard version, including a navigation system with 6.5-inch touch screen, ABS, parking sensor and automatic air conditioning.

Finally, the Splendor comes associated with motor 136 hp 1.8i 16v Mitsubishi home. It may opt for the manual transmission, standard, or a four-speed automatic. The standard equipment and other details will be communicated during the Auto Show San Paulo, in late October.