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Topic: Shanghai Automotive

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	GM's partner in China plans competing car (Site not responding. Last check: 2007-09-29)
		Shanghai Automotive's shift from an ally of its foreign partners to a potentially dangerous rival is a sign of sweeping changes ahead for auto makers in the fast-growing China market, which has become an increasingly important source of sales and profits for U.S. and European auto companies.
		Shanghai Automotive bought the plans for the cars and the rights to make them from MG Rover Group, before the British company filed for bankruptcy in April 2005.
		Shanghai Automotive traces its roots back to factories that made tractors, buses and shiny, fl Phoenix sedans for party cadres in the years after the communist revolution.
	www.post-gazette.com /pg/06095/679599-185.stm (1145 words)

	ATNC Watch --> Industries --> Automotive (Site not responding. Last check: 2007-09-29)
		Shanghai Automotive, the Chinese partner of General Motors, yesterday said earnings probably fell more than 50 per cent in the first nine months of this year from a year earlier.
		Shanghai Automotive owns 20 per cent of Shanghai General Motors, which makes Buick sedans, GL8 vans and other models in Shanghai.
		Shanghai Automotive posted a profit of 1.8 billion yuan in the first nine months of last year.
	daga.dhs.org /atnc/auto/autoblog/2005_09_01_auto.htm (2215 words)

	GM Global Operations: China (Site not responding. Last check: 2007-09-29)
		In 2005, Shanghai GM sold a total of 325,429 vehicles, which represented a 28.7 percent increase from the previous year.
		In addition, Shanghai GM was the monthly sales leader among passenger car manufacturers in China from March to December 2005 and ended the year as number one in terms of passenger car sales in China.
		The exhibition, which is cosponsored by GM China, SAIC Motor Corp. and the Shanghai Science and Technology Museum (SSTM), is part of an agreement on the development of clean energy vehicles signed by GM and Shanghai Automotive Industry Corp. Group (SAIC) at the end of 2004.
	www.gm.com /company/corp_info/global_operations/asia_pacific/chin.html (1244 words)

	Shanghai Automotive Industry Corporation - Wikipedia, the free encyclopedia
		The Shanghai Automotive Industry Corporation (in Chinese: 上海汽车工业(集团)总公司; Pinyin: Shànghǎi Qichē Gõngyè (Jítuán) Zǒnggõngsī; or 上汽, Shàngqi; abbreviated SAIC) is a Chinese automobile manufacturer which ranks the third among the "Big Five" Chinese automakers (the other four are First Automobile Works, Dongfeng Motor Corporation, Chang'an Motors, and Chery Automobile).
		SAIC partnered with General Motors to form Shanghai GM, SAIC-GM-Wuling Automobile, and the Pan-Asia Technical Automotive Center.
		In March 2005, Shanghai Automotive Industry Corporation (SAIC) and Nanjing Automobile Corporation (NAC) announced their intentions of acquiring 50% and 20% shares of MG Rover respectively.
	en.wikipedia.org /wiki/Shanghai_Automotive_Industry_Corporation (344 words)

	Shanghai Automotive to seek approval for MG Rover merger, official says - 2/23/05 (Site not responding. Last check: 2007-09-29)
		SHANGHAI, China - Shanghai Automotive Industrial Co. is preparing to submit plans for an acquisition of ailing MG Rover Group in the next few days, British Treasury chief Gordon Brown said, wrapping up a visit highlighting London's eagerness to boost trade and other cooperation China.
		On Tuesday, Brown, who is Britain's chancellor of the Exchequer, said Shanghai Automotive, also known as SAIC, planned to present a full feasibility study for its joint venture with Rover within the next few days.
		The Shanghai automaker, which has major joint ventures here with General Motors Corp. and Volkswagen AG, reportedly plans to invest up to 1 billion pounds ($1.9 billion) for a 70 percent stake in the British automaker.
	www.detnews.com /2005/autosinsider/0502/23/autos-98556.htm (340 words)

	People's Daily Online -- Auto subsidiary to buy parent assets
		Shanghai Automotive Co, the listed subsidiary of Shanghai Automotive Industry Corp (SAIC), yesterday said it would buy 20 billion yuan (US$2.5 billion) of assets from its parent company as part of a plan to raise funds in overseas markets by selling new shares in an initial public offering (IPO).
		Shanghai Automotive would also pay 18 billion yuan (US$2.2 billion) for 3.1 billion new shares at 5.8 yuan apiece, and 2 billion yuan (US$300 million) in cash for the assets, according to a company statement.
		Shares in Shanghai Automotive closed at 6.22 yuan (78 US cents), up 10 per cent, on the Shanghai Stock Exchange yesterday with the P/E ratio at around 18, compared to the industry average of around 15.
	english.people.com.cn /200607/13/eng20060713_282627.html (638 words)

	Shanghai GM (Site not responding. Last check: 2007-09-29)
		Shanghai GM Dong Yue Automotive Powertrain Co. Ltd.
		All Shanghai GM vehicles incorporate some of the latest industry technology and are leaders in their respective segments in features, functionality, safety, comfort and emissions.
		Shanghai GM also boasts China's first flexible manufacturing system, which allows the production of vehicles with different platforms on a single line and covers all operations for producing complete vehicles, including press, body, paint and assembly, as well as the entire process for manufacturing engines and transmissions.
	www.gmchina.com /english/operations/shgm.htm (382 words)

	Shanghai Automotive to Beef Up Assets - SeekingAlpha (Site not responding. Last check: 2007-09-29)
		Summary: Shanghai Automotive Industry Corp's JV with General Motors is China's largest passenger-car maker by volume and its JV with Volkswagen is the countries second largest.
		Shanghai Automotive owns 50% stakes in both JVs and is currently only listed on the Shanghai Exchange but is believed to be considering a Hong Kong listing.
		Shanghai Automotive's JV with General Motors (GM) is doing quite well with sales up 39% y-o-y through July.
	china.seekingalpha.com /article/16556 (485 words)

	Asia Times Online :: China News, China Business News, Taiwan and Hong Kong News and Business.
		Automotive Industry Corporation (SAIC), a government-owned behemoth, has worked side by side with General Motors Corporation (GM) and Volkswagen AG on world-class assembly lines to build cars for the Chinese market.
		Zhu Xiangjun, a spokeswoman for Shanghai Automotive, said the company's launch of its own brand will foster a "healthy" rivalry that will "drive" the joint ventures to "further improve their competitiveness".
		In a prepared statement, GM said it "understands" Shanghai Automotive's "desire for further growth" and is confident "SAIC recognizes that the success of both companies in the China market is closely linked to the success of our joint ventures".
	www.atimes.com /atimes/China_Business/HD08Cb06.html (1205 words)

	AutoAsia (Site not responding. Last check: 2007-09-29)
		Shanghai Automotive Co., the components arm of Shanghai Automotive Industry Corporation.
		Shanghai Automotive Co. owns 20 percent of Shanghai General Motors (Shanghai Auto Group owns a further 30 percent), which sold more than 200,000 Buicks last year, 82 percent more than in 2002.
		Shanghai Automotive Co. mainly produces chassis components, gearboxes, suspension parts, transmission shafts, steering gears and automatic braking systems.
	www.auto-asia.com /viewcontent.asp?pk=9101 (114 words)

	SAS \| Customer Success: Shanghai General Motors
		Shanghai GM is the largest passenger car manufacturer in China, with a yearly production of 252,000 vehicles in 2004.
		Shanghai GM has a strong commitment to after-sales service and quality and is famous for its customer service, particularly the "Buick Care" after-sales brand.
		Shanghai GM plans to deploy the system to engineering, purchasing and manufacturing in a first phase.
	www.sas.com /success/shanghaigm.html (1328 words)

	Shanghai GM - Wikipedia, the free encyclopedia
		Shanghai General Motors Company Limited (Shanghai GM) is a joint venture between General Motors and Shanghai Automotive Industry Corporation (SAIC).
		Shanghai GM was founded on June 12, 1997 with 50% investment each from Shanghai Automotive Industry Corporation and General Motors.
		Its replacement, the Chevrolet Sail, was delayed to February, 2005, leaving Shanghai GM in seventh place.
	en.wikipedia.org /wiki/Shanghai_GM (290 words)

	Shanghai Automobile handles rapid growth with integrated LANSA ERP package (Site not responding. Last check: 2007-09-29)
		Shanghai Automobile Industry Sales Corp, part of the Shanghai Automobile Industry Group, has used CASE/ERP, a 100% LANSA-based ERP solution since 1993.
		Shanghai Automobile Industry Group, a state owned enterprise, has 61,980 employees and is the 30th biggest employer in Asia-Pacific.
		In 1997, Shanghai Automobile was the 144th largest industrial company in Asia Pacific, including Japan.
	www.lansa.com /casestudies/shanghai.htm (1169 words)

	People's Daily Online -- Car firm suspension fuels speculation
		The suspension of trading in Shanghai Automotive Co Ltd's shares on the Shanghai stock exchange on Tuesday stirred a flurry of speculation about an impending transaction that could have a major impact on the firm's future earnings.
		But SAIC spokeswoman Bai Mei yesterday denied the speculation, saying the firm is not planning to transfer its stakes in Shanghai Volkswagen and Shanghai GM to Shanghai Automotive.
		Shanghai GM sold 201,901 autos in the first half of the year, up 49 per cent from last year.
	english.people.com.cn /200607/12/eng20060712_282256.html (587 words)

	Shanghaiist: Gridlock'd: Shanghai needs traffic rehab
		The recent attention surrounding Shanghai Automotive Industry Corporation's (SAIC) attempt to purchase British manufacturer MG Rover has brought the Chinese automotive industry to the international stage, even if Britain's last remaining full-scale automotive production company deemed the £60m SAIC bid disappointing.
		The original blueprints for a major expansion of Shanghai's road network, which was drawn up two decades ago, predicted Shanghai would pass the threshold of two million cars in 2020.
		Chery Automotive, based in east China’s Anhui province, has announced plans with car importer Visionary Vehicles to offer five models in the U.S., ranging from a compact sedan to an SUV, starting in 2007.
	www.shanghaiist.com /archives/2005/07/20/shanghai_falls.php (835 words)

	SAIC transfers assets to Shanghai subsidiary - Business - International Herald Tribune
		BEIJING Shanghai Automotive Industry Corp. said Wednesday that it had injected 20 billion yuan of assets into its Shanghai-listed subsidiary, creating China's largest publicly traded carmaker as the group seeks funds for expansion.
		Shanghai Auto will pay the equivalent of $2.5 billion in cash and stock for parent's stakes in factories and consumer finance outlets shared with its joint venture partners General Motors and Volkswagen.
		The consolidation will also make it easier for Shanghai Automotive Industry Corp., or SAIC, to gain access to capital markets as it begins to sell its own line of vehicles.
	www.iht.com /articles/2006/07/12/business/saic.php (578 words)

	BBC NEWS \| Business \| What next for Shanghai Automotive?
		Shanghai Automotive Industry Corporation (SAIC) has become a global giant to be reckoned with.
		The company has about 50 plants in the Shanghai area where it makes everything from cars and car parts to trucks and tractors, buses and motorcycles.
		But whereas SAIC's senior managers are seen as ready to manoeuvre in international circles, sceptics express doubts about the skills further down the hierarchy, in terms of managerial abilities, sales and marketing skills, and crucially, research and development, technology and engineering.
	news.bbc.co.uk /go/rss/-/2/hi/business/4413403.stm (994 words)

	Automotive News
		SHANGHAI (Reuters) -- Honda Motor Co.'s China vehicle sales rose 23.2 percent from a year earlier in the first 11 months of 2006, lagging the growth of the overall market.
		At the Automotive News China Conference here last month, a World Bank expert talked about the downside of China's surging car market: The country's roads are overburdened, pollution is at unacceptable levels and road deaths are up Arjen Bongard is editor of Automotive News Europe.
		At the Automotive News China conference earlier this month, an expert talked about the downside of China's car market: Roads are overburdened, big city pollution is unacceptable, road deaths are up and traffic speeds are down Arjen Bongard is editor of Automotive News Europe.
	www.autonews.com /apps/pbcs.dll/section?category=CHINA (3666 words)

	GM Captures 20 Percent Of China Small Car Market - General Motors Corp., new cars from Shanghai General Motors Corp., ...
		GM and Chinese partner Shanghai Automotive Industry launched the Sail in June, modeled after the GM's Opel Corsa and priced at 100,000-125,000 yuan ($12,080-$15,100).
		Sales of the Sail, said to be the first family car in China with modern safety features like dual airbags and antilock brakes, had nearly reached the 19,000 mark at the end of October, GM said.
		The new car is aimed at urbanites in their 20s and 30s and Shanghai GM planned to produce about 3,000 Sail S-RVs by the end of the year, a GM China spokesperson said.
	findarticles.com /p/articles/mi_m0UDO/is_6_15/ai_80931324 (495 words)

	China's First Automotive Finance Company Opens for Business (Site not responding. Last check: 2007-09-29)
		Shanghai — China's first automotive financing company, GMAC-SAIC Automotive Finance Company, Ltd. (GMAC-SAIC), opened for business today with the signing of the first consumer financing agreement for the purchase of a Buick Excelle.
		The new company is a joint venture between General Motors Acceptance Corporation (GMAC), one of the world's leading financial service providers and a wholly owned subsidiary of General Motors Corp., and Shanghai Automotive Group Finance Co. Ltd.
		Christian Weidemann, general manager of GMAC-SAIC Automotive Finance Company, added, "As China gradually moves away from a cash society, more vehicle buyers are seeking financing to support their purchases.
	www.auto-report.net /gmac-saic.html (487 words)

	Shanghai Automotive to issue shares worth 18 bln yuan to buy parent's assets - Forbes.com (Site not responding. Last check: 2007-09-29)
		In a statement to the Shanghai Stock Exchange, the company said the parent's assets, worth a total of about 20 bln yuan, include its shares in some automakers, key parts manufacturers and financial companies related to automobile manufacture.
		SAIC currently holds a 50 pct stake in Shanghai GM and 30 pct in Shanghai Volkswagen.
		Shanghai Automotive Co said it will settle the remaining 2 bln yuan with its non-key parts manufacturing assets.
	www.forbes.com /business/feeds/afx/2006/07/11/afx2872436.html (464 words)

	Shanghai Automotive Industries Adopts Mentor Graphics Volcano Automotive Network Design Tools
		New Technology Department vice director Fei Hao of SAIC Automotive Engineering Academy said, "Mentor Graphics' Volcano suite for automotive networking enables us to develop our vehicles' multiplexed communication systems substantially quicker than starting from new platform design.
		For additional information on Mentor Graphics and its automotive offerings, go to www.mentor.com/solutions/automotive/.
		Mentor Graphics Corporation (Nasdaq: MENT) is a world leader in electronic hardware and software design solutions, providing products, consulting services and award-winning support for the world's most successful electronics, semiconductor and transportation companies.
	www.mentor.com /solutions/automotive/news/saic_sdopts_volcano.cfm (442 words)

	Automotive -- U.S. Commercial Service China
		Under the umbrella of the country’s protectionist policies, China’s automotive industry has witnessed rapid growth since the country opened up to the outside world and adopted economic reforms.
		The total output value of the automotive sector in 1999 was $41.2 billion, with sales of $37.7 billion and profit of $1.29 billion.
		Shanghai Model Port Alliance, is behind many of the upgrade activities that will make Shanghai a more automated port facility, minimizing loss of goods and time while helping Customs collect more accurate tariffs.
	www.buyusa.gov /china/en/automotive.html (1235 words)

	GKN Sinter Metals Signs Letter of Intent with Shanghai Automotive Co. : ArriveNet Press Releases : Autos (Site not responding. Last check: 2007-09-29)
		GKN Sinter Metals and Shanghai Automotive Company, Ltd., (SAC) announced today that they have signed a Letter of Intent to form a joint venture in China.
		Clowes notes that the Chinese market is widely regarded as the largest opportunity for growth in automotive components in the coming decades, and the P/M industry at present does not serve the automotive segment of the Chinese market as comprehensively as it does other markets.
		The company also supplies the automotive industry with a wide range of engine, transmission and body and chassis components, and manufactures P/M parts for the commercial vehicle, home appliance, lawn and garden, office equipment and furniture, and recreation industries.
	press.arrivenet.com /autos/article.php/455099.html (627 words)

	GM, Chinese to partner on fuel cell cars - Green Machines - MSNBC.com
		It was among dozens of environmentally friendly vehicles showcased in Shanghai last September.
		SHANGHAI, China - General Motors and partner Shanghai Automotive have agreed to work on developing and commercializing fuel-cell vehicles, citing the need to improve energy security and reduce pollution as China moves into the auto age.
		The agreement, signed Saturday at the headquarters of Shanghai Automotive Industry Corp., expands on a plan announced earlier this month by GM to cooperate with state-run SAIC in building a hybrid bus to test run in Shanghai.
	www.msnbc.msn.com /id/6380585 (715 words)

	BBC News Online \| Business \| What next for Shanghai Automotive?
		A rising star on the Fortune Global 500 list of leading international firms, which it entered last June, the state-owned Chinese company's goals are nothing if not ambitious.
		SAIC wants to sell well over three million cars per year by 2020, a lift that would make it one of the world's six leading automotive groups.
		These automotive firms pride themselves on offering simply engineered cars, often at less than half the price of their rivals.
	news.bbc.co.uk /nolpda/ukfs_news/hi/newsid_4413000/4413403.stm (934 words)

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