Spyker hit by breakdown of Saab’s Chinese rescue
AMSTERDAM/BEIJING (Reuters) – A rescue deal for Saab involving China’s Hawtai Motor Group collapsed on Thursday, leaving owner Spyker chasing new funding alternatives to restart production at the Swedish carmaker.
Spyker said it was continuing talks with Hawtai, while a source told Reuters that another Chinese company, sports utility vehicle maker Great Wall Motor, was also talking to the Dutch company about a possible tie-up.
Great Wall Motor talks with Spyker about tie-up – source
BEIJING (Reuters) – Top Chinese sport utility vehicle maker Great Wall Motor(2333.HK: Quote, Profile, Research) is continuing to talk with Dutch luxury car maker Spyker Cars(SPYKR.AS: Quote, Profile, Research) about a potential tie-up, a source told Reuters on Thursday.
“The two sides have never stopped talking and have been in touch with each other despite the Hawtai/Spyker deal,” the source, a person with direct knowledge of the discussions, told Reuters.
Exclusive: Great Wall Motor talks with Spyker about tie-up
BEIJING (Reuters) – Top Chinese sport utility vehicle maker Great Wall Motor (2333.HK: Quote, Profile, Research, Stock Buzz) is continuing to talk with Dutch luxury car maker Spyker Cars (SPYKR.AS: Quote, Profile, Research, Stock Buzz) about a potential tie-up, a source told Reuters on Thursday.
“The two sides have never stopped talking and have been in touch with each other despite the Hawtai/Spyker deal,” the source, a person with direct knowledge of the discussions, told Reuters.
First Solar, CPINE to cooperate on solar projects in China, U.S.
BEIJING, May 10 (Reuters) – First Solar, Inc , and
China Power International New Energy Holding Ltd (CPINE), a
wholly owned subsidiary of China Power New Energy Development Co
Ltd (CPNE) , have agreed to collaborate on solar
photovoltaic projects in China, the United States and other
international markets, the two companies said in a statement on
Tuesday.
First Solar and CPINE will initially explore collaboration
on solar photovoltaic projects in China, and will identify
investment opportunities for CPINE in the United States and
other global markets.
China April car sales up 2.8 pct, seen weak in summer
BEIJING, May 10 (Reuters) – Car sales in China rose
2.8 percent in April, marking the third consecutive
month of single-digit growth as the world’s largest auto market
cools after years of frantic expansion.
The subdued growth pattern is expected to extend into the
summer months, but the market may stir again in autumn, the peak
auto-selling season.
Air China H2 net jumps on air travel, oil seen as risk
BEIJING (Reuters) – Air China Ltd (601111.SS: Quote, Profile, Research, Stock Buzz) (0753.HK: Quote, Profile, Research, Stock Buzz) posted a more than three-fold rise in second half earnings on Tuesday thanks to brisk air travel in the world’s second-largest economy and a merger deal.
Leisure and business travel will stay strong this year, but high-flying Chinese carriers might have to brace for strong headwinds now that oil prices have topped $100 per barrel.
Parts for Toyota, Honda’s south China JVs enough till mid-April
BEIJING, March 23 (Reuters) – Toyota Motor and
Honda Motor car ventures in southern China have enough
parts inventory to sustain normal production until the middle of
next month, a senior Chinese executive said on Wednesday.
“The earthquake is having a big impact on Japanese
automakers at home. But the impact on Guangzhou Toyota and
Guangqi Honda are relatively limited as both ventures get most
of the parts supply from China,” Zeng Qinghong, president of
Guangzhou Automobile Group Co (GAC) , told analysts in
Hong Kong.
China’s Feb car sales grows slowest in nearly 2 years
BEIJING, March 9 (Reuters) – Car sales in China rose 2.6
percent in February from a year earlier, the slowest pace in 23
months, as a pre-holiday buying spree led to a subsequent
drop-off in demand in the world’s largest auto market.
The more subdued growth pattern is expected to extend into
the coming months now that automakers are relying mostly on
rational demand, not government tax incentives, to drive sales,
industry observers say.
Chinese airlines face headwinds, seek fuel surcharge, hedging
BEIJING (Reuters) – After flying high for two straight years, China’s airlines will have to brace for strong headwinds now that oil prices have topped $100 per barrel, with no letup in sight.
Top airline executives attending China’s annual parliament and political meetings in Beijing were peppered with questions from journalists asking how they planned to cope with high fuel prices.
Special Report: Huntsman’s path to White House starts in China
BEIJING (Reuters) – Jon Huntsman is a savvy operator who knows how to work a crowd. But it was someone in a crowd who worked Huntsman on a bitterly cold Sunday last month when the U.S. envoy to China was seen at a small anti-government protest in Beijing.
“Mr. Ambassador, why are you here?” an unidentified Chinese man called out to Huntsman, who is thinking about running for the White House in 2012. “Just taking a look,” replied the silver-haired Huntsman in Chinese, wearing sunglasses and a brown leather jacket with an American flag patch sewn on the shoulder.
