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Berlin (AFP) Jan 18, 2011 Germany's Volkswagen, Europe's biggest automaker, is considering launching a new car brand specifically designed for the booming Chinese market, a report said. "The Chinese government has been promoting Chinese brands for some time now. In this context, joint ventures with foreign companies -- such as FAW Volkswagen or SAIC Volkswagen for us -- are encouraged to make a local marque," an official with unit Volkswagen China said in a Handelsblatt report to appear Wednesday. VW is now in talks with its Chinese partners, looking at the market for models below 8,000 euros (11,000 dollars), the report said, adding that the company's supervisory board was expected to approve the project. "We look at this local brand as offering the opportunity to penetrate an area of the market from which we are currently absent in China," VW's manager for China, Karl-Thomas Neumann, said. Volkswagen and unit Audi posted record sales figures in 2010, boosted largely by their success in China, now the world's largest auto market.
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Nissan Leaf deliveries see slow start: reportTokyo (AFP) Jan 18, 2011 Nissan Motor had delivered only 60 units of its Leaf electric vehicle in Japan as of Friday, Kyodo News reported, despite already taking 6,000 orders due by the end of March. Nissan denied any delay in the delivery of the pre-ordered cars and company spokesman Mitsuru Yonekawa told AFP on Tuesday that the automaker was taking a cautious approach to ensure quality control. "We have to m ... read more |
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