China Car Forums

China Car Forums (https://www.chinacarforums.com/forum/index.php)
-   SAIC (Shanghai Automotive Industry Corporation) (https://www.chinacarforums.com/forum/forumdisplay.php?f=32)
-   -   SAIC news (https://www.chinacarforums.com/forum/showthread.php?t=2907)

Rally Red Lancer GTS 08-19-2007 12:54 PM

Anyone ever heard whether Nanjing plans to import MG Rover's to the U.S.? I saw a new version of what used to be a MGB in America in a British car mag about 10 years ago and it looked pretty good. Retained a lot of that British micro-car charm and looked tight.

Most Americans would poo-poo the idea of buying a MG because of the lack of their crashworthiness, anyway. There would be a small audience, though. Triumphs were also quite popular here in the 60's and 70's with the TR-3, TR-4, TR-250 and TR-6.

ash 09-12-2007 08:40 PM

SAIC takes green technology path in drive to success
 
Large domestic carmakers are taking the lead in pushing green technology. Shanghai Automotive Industry Corp (SAIC), the mainland's largest carmaker, said it has invested two billion yuan since last year in a technology centre to help the company produce more environmentally friendly vehicles

CCF mod 09-18-2007 11:33 AM

SAIC Changes Its Name
 
From China Car Times.

Quote:

SHANGHAI Automotive Co Ltd, the listed unit of Chinaís biggest car maker, has been renamed Shanghai Automotive Group Co Ltd, marking the completion of an assets restructure of its parent, the company said in a statement yesterday.

Shanghai Auto, 83.83 percent owned by Shanghai Automotive Industry Corp, sold additional shares to the parent for taking its stake in two venture with General Motors Corp and Volkswagen AG. The move helped Shanghai Auto increase competitiveness by focusing more on car manufacturing instead of auto parts. Shanghai Auto is now responsible for making SAICís self-owned car models including Roewe 750 and other upcoming new products.

m14 11-10-2007 01:37 AM

SAIC Motor to Set Up Transmission Subsidiary
 
The new subsidiary is to be called SAIC Motor Automotive Transmission Ltd. It will have registered capital of CNY 1.6 billion.

All the businesses, employees, assets, and liabilities of Automobile Gear Works will be totally infused into the new subsidiary.

The new arm is to be engaged in the research and development, manufacturing, and provision of automobile transmission assembly both at home and abroad. It also focuses on the manufacture of automotive gearboxes used in the

Joest 11-11-2007 06:00 PM

Can't believe it! I thaught the Chery M14 project was in "P" ;)

And why do Chery and SAIC work together?

ash 11-11-2007 08:06 PM

huh what are u talking about chery for?

Joest 11-12-2007 03:51 AM

OK... I thaught it was written "Used in the Chery M14", I didn't realize that was M14's signature.

:nono:

Admin 11-29-2007 10:02 AM

SAIC Boosts Investment, Challenging GM, VW in China
 
SOURCE: http://www.bloomberg.com
Seonjin Cha and Irene Shen
Nov. 29 (Bloomberg) -- SAIC Motor Corp., China's largest automaker, will increase spending to make cars of its own design, heightening competition with its partners General Motors Corp. and Volkswagen AG.
The company will spend at least 20 billion yuan ($2.7 billion) to develop between 20 and 30 new models by 2012, President Chen Hong said at a press conference in Shanghai today. That compares with an earlier plan to spend 13.7 billion yuan by 2010.
SAIC Motor is moving up from being a low-wage assembler of overseas brands and is developing five platforms, ranging from recreational vehicles to compact cars. The carmaker has purchased technology from the U.K. and South Korea to help with its own designs.
``It will take SAIC three to five years to build its own brand and catch up with overseas rivals,'' said Wang Liusheng, an analyst at China Merchants Securities Co. in Shenzhen. ``SAIC Motor has competitive edge over its overseas rivals with lower costs in parts purchasing.''
SAIC Motor rose 3.4 percent to 24.34 yuan at the close of trading in Shanghai. The shares have almost tripled this year.
China Growth
Car sales in China surged 24 percent to 7.15 million in the first 10 months of 2007 because of economic growth. The benchmark CSI 300 Index has more than doubled this year, fueling demand as more than three-fifths of Chinese stock-market investors buy new cars with their profits.
``China has become the most important market for all carmakers,'' said Wang. ``SAIC has great potential to develop in its own country.''
The carmaker expects group sales of more than 200 billion yuan this year, Chen said. The company is spending about 8 percent of sales on research and development.
The automaker expects to sell a total of 600,000 own-brand vehicles by 2010, including Roewe sedans.
SAIC Motor's parent in also in talks about a possible tie- up with Nanjing Automobile Group Co., the Chinese maker of MG cars, to expand its own-brand line-up.
``M&A is something you grasp when opportunities arise,'' said Chen. ``We'll continue to closely monitor market situations in China as well as overseas.''

To contact the reporter on this story: Seonjin Cha in Seoul at [email protected] Irene Shen in Shanghai at [email protected]
Last Updated: November 29, 2007 05:36 EST

mgrovernut 12-01-2007 05:29 AM

I wonder if this is partly being done to help absorb MG Powertain from Nanjing...

mrgq 12-01-2007 01:14 PM

that would make total sense


All times are GMT -5. The time now is 08:19 AM.

Powered by vBulletin® Copyright ©2000 - 2021, vBulletin Solutions, Inc.
vBulletin Security provided by vBSecurity v2.2.2 (Pro) - vBulletin Mods & Addons Copyright © 2021 DragonByte Technologies Ltd.