“There’s always a Chinese counterpart whose product (costs) much less than ours,” Remy President Jay Pittas says. “But we’re starting to see quality levels and expectations” of auto makers come up to global standards....More
The goal to sell 500,000 EVs by 2015 was reached in March at a meeting of China’s top-10 auto makers, which also predict EVs and hybrids will account for 30% of the industry’s annual output in the same timeframe....More
Despite a startling 79% surge in first-quarter 2010 passenger-vehicle deliveries to 2.92 million, there’s no consensus on what the full year holds, although it appears to look good by any yardstick....More
A promise from GM Brazil to introduce a series of new cars to the market this year, including the Chevy Malibu, is prompting the country’s auto manufacturers group to expect 2010 to be another record-breaking year....More
The aim is to lower tariffs to zero on some 7,000 different products when the deal is fully implemented by 2015, but each country has the right to exclude and protect hundreds of sensitive products until 2020 or longer....More
In the year’s first four months, total vehicle deliveries in China rose 10% to 3.93 million units, with minivehicles, compacts and subcompact passenger cars accounting for six out of every 10 vehicles sold....More
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