WHEN Chinese automaker Geely acquired the iconic Swedish brand Volvo—through its parent company Ford—for about $1.8 billion in 2010, it became the first successful purchase of a high-end global brand by a private Chinese car manufacturer.…
“When America sneezes, the rest of the world catches a cold,” is the adage affirming the impact of the United States on the global economy. Now, the impact of China’s economy worldwide is growing so fast that…
United Asia Automotive Group Inc. (UAAGI), the exclusive distributor of Foton vehicles in the Philippines, will once again showcase the Foton Big Show on Oct. 17 to 19, 2014 at the World Trade Center. Foton, the country’s…
Our Department of Trade and Industry can learn a thing or two from the National Development and Reform Commission (NDRC), China’s top economic planning agency, which found foreign carmakers to be overcharging Chinese consumers in violation of…
China has mandated a switch to electric vehicles in a bid to promote fuel efficiency and reduce pollution. At least 30 percent of newly purchased government cars will be electric and other types of “new energy vehicles,”…
The automotive world is pivoting towards China, as it has already overtaken the USA as the world’s biggest car market. The stands at the Auto China, aka the Beijing International Auto Show, were overflowing with the latest…
Jaws dropped among automakers all over the world when the Qoros 3, a compact sedan made in China, won the maximum safety rating of Euro NCAP’s (New Car Assessment Program) crash tests last year after topping the…
Audi has constructed a unique exhibition at the center of Guangzhou City in China. Visitors to the park at the city’s business district can be forgiven for thinking that a spaceport has sprouted at the park’s southern…
The Volkswagen Group is expanding its production capacity as planned and thereby optimizing the capacity utilization of its production network in China. Prof. Dr. Martin Winterkorn, Chairman of Volkswagen Aktiengesellschaft, and Prof. Dr. Jochem Heizmann, Member of…
When German auto giant Volkswagen (VW) and Warren Buffet-backed Chinese carmaker BYD Co. Ltd. pulled out all the stops to set Sept. 27 as the date for announcing their entry into the Philippine car market, many thought…
