Saab Production on Hold for at least Two More Weeks

Ailing Swedish car manufacturer Saab will not be producing new vehicles for at least two more weeks until it resolves the problems with its suppliers, the company said on Monday.

"There will be no normal production during weeks 25 and 26 (June 20th-July 3rd)," Saab spokeswoman Gunilla Gustavs told Reuters. "We are still negotiating with all suppliers and we need to get everyone on board at the same time. The weeks of 27-29 (July 4th-24th) are planned to be normal working weeks".

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Volkswagen Sells a Record Two Million Vehicles Since January

Global vehicle sales by the Volkswagen passenger car brand rose 12.2 percent to a record-high of 2.09 million units in the first five months of the year, compared to 1.86 million the same period in 2010.

More than a third of those vehicles were delivered in China, which has become the Volkswagen brand’s largest single market. In the period from January to the end of May, VW sold 714,200 cars in the country, recording a 15.3 percent increase.

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Saab Signs Three-Way Deal with China’s Pang Da and Zhejiang Youngman Lotus Automobile

Lately, it seems whenever there’s a problem with production at Saab’s Trollhattan plant, the Swedish automaker’s parent company Spyker Cars N.V. announces a new deal with a Chinese company.

Today, Spyker signed a non-binding memorandum of understanding (MOU) with two Chinese firms, Pang Da Automobile Trade Co., Ltd (Pang Da) and Zhejiang Youngman Lotus Automobile Co., Ltd. (Youngman), which if approved by regulators, could see the company falling into the control of Chinese hands. We'll remind you that Saab had previously signed a deal Chinese firm Hawtai but it failed to go through Chinese regulators.

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GM Denies Reports Claiming Plans to Sell its Opel Brand Possibly to the Chinese or VW Group

German car magazine Auto Bild and weekly Der Spiegel reported Thursday that General Motors is once again considering the sale of its Opel and Vauxhall units. The reports were dismissed as pure speculation by the Detroit automaker as well as a German state with an Opel factory, which called the news “nonsense”.

According to the news reports, GM allegedly was no longer in need of Opel’s know-how in manufacturing small cars as well as low emission and fuel efficient powerplants and that it could replace the German brand with its South Korean GM Chevrolet unit, formerly known as Daewoo.

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Porsche Celebrates 10th Anniversary in China with Special Edition 911 Turbo S

BMW isn't the only automaker releasing limited-edition models unique to the Chinese auto market. This week, Porsche took the wraps off the new 911 Turbo S Anniversary Edition to celebrate 10 years in China. Only 10 cars will be built and all of them are destined for the Chinese market. Read more »

BMW Introduces M3 Carbon Fiber Limited Edition, but Only for China

Chinese customers love a good limited edition model and BMW tries its best to keep them happy. Not long ago, BMW had released the China market-only M3 Matte Edition and M3 Tiger Edition. During the BMW M Legendary Experience event held in China last week, the Bavarian automaker lifted the covers off yet another special M3, the Carbon Fiber Limited Edition of which only 111 examples will be built at a price of 1.23 million yuan (approximately US$189,800 at today’s exchange rates) a piece. Read more »

VIDEO: Giant Pothole on Bridge Swallows Lorry in China

We have all encountered them, but as with anything else in this life, there are potholes and there are potholes. The one that opened in the city of Changchun, which is the capital of China's Jilin province, is what you would call a supersized pothole, and to make matters worse, it occurred on a road bridge as a large lorry was passing over it.

The giant hole, which reportedly measured close to 50 feet long (about 15 meters) and 16-feet wide (around 15 meters), literally swallowed the commercial truck which then plunged down to the river. Chinese media reported that there were two men inside the lorry and that both were injured. Hit the jump for a video report of the incident.

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MG Preparing an Array of New Models to Conquer Europe

SAIC Motor Corporation, the owner of MG Motors, plans to develop several new models for the British brand in order to boost sales outside its home market in China. The Chinese owner of MG Motors has already spent £1 billion ($1.64 billion) to re-launch the MG and Roewe brands (former Rover) and intends to invest another £2.2 billion ($3.6 billion) to achieve annual sales of 700,000 by 2015.

In 2010, the two brands sold 160,397 cars, most of which were delivered in China, with only 2,000 units exported to other markets. This past April, MG launched its new mid-size MG6 in the UK, the first new car to be assembled at the British firm’s Longbridge plant in 16 years. The company said that when it completes the development of a diesel version, it will offer the car to rest of Europe. "We will not go into mainland Europe without a diesel," UK managing director, William Wong, told Autonews.

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China’s Pang Da Places a New €15 Million Order for Saab Vehicles

Chinese distributor Pang Da Automobile is pumping more cash into Spyker NV's ailing Swedish unit Saab by placing a new order for 630 vehicles valued at €15 million or US$21.5 million. This latest order comes after an earlier one last week for 1,300 cars worth €30 million (US$43.2 million) and is part of a broader deal in which Pang Da agreed to buy a 24 percent stake in Saab’s parent company Spyker for €65 million (US$93.5 million).

The Swedish automaker said that as with the first order, Pang Da will pay the additional €15 million order up front with the funds expected to be received by the end of this week. Delivery of the vehicles ordered by Pang Da will start in the fall of this year.

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Saab Returns from the Dead…Again, Restarts Production at its Trollhättan Factory

Saab is back in the business of making cars again -at least for now- almost two months after production came to a halt on April 6 when the company’s suppliers stopped deliveries of parts in protest over unpaid bills. The Swedish company was able to restart production after receiving €30 million (US$42.8 million) in advance on a deal it has signed with Chinese car distributor Pang Da Automobile.

The China company’s CEO, Mr. Pang Qinghua, visited the Trollhättan factory today together with CEO and Chairman of Saab Automobile, Victor Muller, and witnessed the first vehicle to roll off the assembly line. Saab said around 100 cars were built today but plans to “increase the daily production rate in the coming weeks in parallel with the full re-establishment of the supply chain”.

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By the People, for the People: Volkswagen Asks China to Help it Design a New Model

Here’s an idea: why not simply ask the public what they want in a car? Focus groups are one thing, but Volkswagen is taking this concept to extremes with its newly launched People’s Car Project. The ostensible goal of the project is to solicit advice from some of China’s 450 million internet users; advise that will shape a new model for the Chinese domestic market.

Dubbed “mass manufacturing” by Volkswagen, the Orwellian-sounding project will run for one year and gather Chinese consumers’ input in the form of text, images and film through the Zaoche website. There will also be competitions where users can vote for their favourite designs, and prizes will be handed out to the best. If proven successful, the same idea could be implemented in other regions as well.

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China Becomes Bentley's No. 2 Market after Record Breaking Q1 Sales

Bentley Motors sold 396 cars in Mainland China (excluding Hong Kong and Macau) in the first four months of 2011, an all-time record result for the Asian market. With this number, Bentley broke its previous record set just last year, by an amazing 66 percent increase in sales.

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Subaru Targets Young Asian American Buyers with New Sweet Tomorrow Campaign

Subaru’s American division is taking audience segmentation a step further with the release of a new advertising campaign for the 2011 Legacy that specifically targets the Chinese-American market. The campaign has been produced in Cantonese, Mandarin and English, and can be seen across a wide variety of media placements including TV, print, online and out-of-home running.

The television spot is called “Sweet Tomorrow” and it shows a young Chinese American couple preparing for the birth of their first child. The advert is scheduled to air through October 2011.

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Saab Eyes Another Chinese Savior, Signs MoU with Pang Da Automobile Trade Co.

For the second time this month, and shortly after the break up in talks with the Hawtai Motor Group, Saab’s parent company Spyker Cars N.V. today announced that it has signed a Memorandum of Understanding (MoU) with a new Chinese company to provide fresh funds for the deeply troubled Swedish automaker. This time Spyker signed a tentative finance and import deal with Pang Da Automobile Trade Co., Ltd (Pang Da), said to be China’s largest publicly traded automobile distributor with over 1100 dealerships in the country. Read more »