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Topic: Shanghai Automotive Industry Corporation

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In the News (Thu 20 Jun 19)

  Reference.com/Encyclopedia/Shanghai Automotive Industry Corporation
SAIC also partnered with Volkswagen Group in the formation of Volkswagen Group China.
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.
SAIC bid for MG Rover assets but on July 22nd 2005, the Nanjing Automobile Corporation purchased the British Group for £53 million.
www.reference.com /browse/wiki/Shanghai_Automotive_Industry_Corporation   (335 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.
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 US 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.
www.atimes.com /atimes/China_Business/HD08Cb06.html   (1205 words)

 Rover name sold (updated) - News - Autocar Online   (Site not responding. Last check: 2007-09-10)
Shanghai Automotive Industry Corporation (SAIC) has bought the last remaining part of MG Rover - the Rover name - from BMW in a deal thought to be worth £11 million.
SAIC is said to have offered around 20 times more than its competitor Nanjing Automobile, which owns the Longbridge plant and is planning to restart limited MG production there.
SAIC owns the intellectual property rights to the Rover 25 and 75 and is likely to use the newly acquired Rover brand to relaunch modified versions of these cars on the international market.
www.autocar.co.uk /News_Article.asp?NA_ID=221834   (209 words)

 CNH | Media | Recent News
Shanghai New Holland Agricultural Machinery Corp., Ltd., was formed by an agreement between Shanghai Tractor and Internal Combustion Engine Corporation (STEC), a wholly-owned subsidiary of Shanghai Automotive Industry Corporation (Group), and CNH’s New Holland brand of agricultural equipment.
Shanghai Tractor and Internal Combustion Engine Corp., a wholly owned subsidiary of Shanghai Automotive Industry Corporation (Group), is the recognized leader in medium horsepower tractor applications and serves to foster the increasing mechanization of farms throughout China.
Shanghai Brand tractors are a well-known trade mark authorized by the Municipality of Shanghai and in each of the last five years, have been awarded the title of Shanghai Famous Brand Product and Customer Satisfaction Product.
www.cnh.com /media/detail.asp?id=1043341262001   (726 words)

 BBC NEWS | Business | What next for Shanghai Automotive?
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.
SAIC's ascent has been fuelled by a boom in car sales in its home market China where it has expanded from tractor making to become a diversified automotive group, in part thanks to its joint ventures with both the German car group Volkswagen and the US car group General Motors.
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)

 Asia Times Online - News from greater China; Hong Kong and Taiwan
BEIJING - The Shanghai Automotive Industry Corporation (SAIC) is seeking a listing on an overseas stock market, and meanwhile it made it onto the Fortune 500 list, one of 15 Chinese companies and the first manufacturer to do so.
SAIC raised 2.1 billion yuan in the Shanghai Stock Exchange by separating its parts business seven years ago.
SAIC) is among 15 Chinese enterprises that have been listed among the top 500 in the world for 2003.
www.atimes.com /atimes/China/FG24Ad01.html   (270 words)

 CNH | Media | Recent News
Shanghai Tractor leads tractor sales in China and CNH is the number one manufacturer of tractors and combines worldwide," said Paolo Monferino, president and chief executive officer of CNH Global.
Shanghai Tractor is the leading manufacturer of 50-65 horsepower tractors in China.
Shanghai Brand tractors are a well-known trade mark authorized by the City of Shanghai and in each of the last five years, have been awarded the title of Shanghai Famous Brand Product and Customer Satisfaction Product.
www.cnh.com /media/detail.asp?id=105046572001   (588 words)

 Visteon Corporation: Visteon Supply Chain Directors to Speak at Autologistics Asia Conference in Shanghai
SHANGHAI, China, May 18, 2004 - Two supply chain directors from Visteon Corporation (NYSE: VC) will speak on global supply chain challenges and opportunities at the Autologistics Asia 2004 Conference May 19-20, 2004, in Shanghai, China.
China is the fastest growing automotive market in the world, providing both opportunities and challenges for automakers and suppliers.
Visteon Corporation is a leading full-service supplier that delivers consumer-driven technology solutions to automotive manufacturers worldwide and through multiple channels within the global automotive aftermarket.
www.visteon.com /newsroom/press/2004/051804a.shtml   (430 words)

 Shanghai GM to Export Engines to Canada
Shanghai, China - Shanghai GM, a joint venture between General Motors and Shanghai Automotive Industry Corporation Group (SAIC), announced today it has reached an agreement with CAMI Automotive Inc., of Ingersol, Ontario, Canada to export engines beginning in late 2003.
A 50-50 joint venture between General Motors and SAIC, Shanghai GM assembles and distributes a family of Buick midsize sedans, the Buick GL8 executive wagon and the Buick Sail small car family.
Shanghai GM is currently building 2.5-liter- and 3.0-liter V-6 engines for domestic use.
www.theautochannel.com /news/2002/11/01/149871.html   (526 words)

 Shanghaiist: Gridlock'd: Shanghai needs traffic rehab   (Site not responding. Last check: 2007-09-10)
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.
In response, the city is expanding its subway grid to add eight new lines to the original 3 by the time Expo arrives in 2010, hoping to encourage more commuters underground and off the roads.
www.shanghaiist.com /archives/2005/07/20/shanghai_falls.php   (839 words)

 GM Showcases Hydrogen and Hybrid Technologies on carlist.com
Shanghai - General Motors China today announced the first joint hybrid bus program with Shanghai Automotive Industry Corporation Group (SAIC) for the China market in conjunction with its participation in the Michelin Challenge Bibendum.
It is a partner with GM in Shanghai GM and the Pan Asia Technical Automotive Center (PATAC), and with GM China in SAIC-GM-Wuling, Shanghai GM Dong Yue Motors, Shanghai GM Dong Yue Automotive Powertrain and Shanghai GM (Shenyang) Norsom Motors.
In addition, SAIC subsidiary Shanghai Automotive Group Finance Company (SAICFC) is a partner with General Motors Acceptance Corporation (GMAC) in GMAC-SAIC Automotive Finance Company.
www.carlist.com /autonews/2004/autonews_27.html   (931 words)

 Shanghai Automotive improves interim profit - News - Auto Industry
Shanghai Automotive Co Ltd, the listed subsidiary of Shanghai Automotive Industry Corporation (SAIC), China's second-largest vehicle manufacturer, which is preparing to launch an extended wheelbase version of the Rover 75, has reported a 14% increase in net profit in the first six months of this year.
Shanghai Auto achieved a net profit of 540 million yuan (US$67 million) in the half-year to end June, on revenue of 4.4 billion yuan, which was up 54.4% from a year earlier.
In July Shanghai Auto announced that it planned to buy 20 billion yuan-worth of assets from its parent, SAIC.
www.autoindustry.co.uk /news/07-08-06_5   (117 words)

 MG Rover & Shanghai Automotive Industry Corporation Announce Co-Operation Agreement
MG Rover Group with parent company Phoenix Venture Holdings (PVH) and Shanghai Automotive Industry Corporation (SAIC) announce that following the signing of an agreement, they have now entered into an exclusivity arrangement in order that the companies can develop a far reaching strategic relationship.
SAIC is the largest passenger car manufacturer in China, producing 600,000 passenger cars in 2003 with major joint venture partners General Motors and Volkswagen.
In 2003, SAIC's annual turnover was $11.7 billion from an asset base of $9.1 billion.
www.autointell.com /News-2004/June-2004/June-2004-4/June-23-04-p7.htm   (349 words)

 Fuel Cell Works Supplemental News Page
GM and SAIC will jointly produce one hybrid bus for commercial evaluation in the primary stage of the program.
GM is working with a range of partners in industry, government and academia to make this happen in China," said Murtaugh.
SAIC is one of China's largest vehicle manufacturers.
www.fuelcellsworks.com /Supppage1272.html   (907 words)

 China's First Automotive Finance Company Opens for Business   (Site not responding. Last check: 2007-09-10)
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)

 AutoReport :: View topic - Shanghai GM (Shenyang) Norsom Motors Co. Ltd.
GM and SAIC will each have a direct 25% share in the company, while the companies' main joint venture, Shanghai GM, will take over the 50% of Jinbei GM held by Chinese investors, including a subisidiary of Brilliance China Automotive Holdings.
SHANGHAI (Reuters) - General Motors Corp, the world's largest auto maker, and Shanghai Automotive Industry Corp inked a deal on Thursday for a fourth jointly-owned car factory in China as GM tries to catch up with Volkswagen AG …
Shanghai, China … General Motors China, Shanghai Automotive Industry Corporation Group (SAIC) and Shanghai GM announced today they have received final Chinese government approval for restructuring the former Jinbei GM Automotive Co. Ltd.
www.auto-report.net /phpBB2/viewtopic.php?t=176   (375 words)

 BBC NEWS | Business | Rover cars to be made in China
SAIC has already approached Rover component suppliers looking to buy parts to build the Rover 75 in China, the Birmingham Chamber of Commerce and Industry said.
The news that SAIC may start production in China follows claims by former Rover boss John Towers that a rescue deal could still be put together with SAIC.
It is understood that SAIC, and others, have made approaches to the administrators of MG Rover about the possibility of buying equipment from the Longbridge production lines.
news.bbc.co.uk /go/rss/-/2/hi/business/4464651.stm   (541 words)

 Compuware Corporation :: Shanghai General Motors Taps Compuware Covisint to Connect to Hundreds of Suppliers Worldwide
"Shanghai GM, which was recently ranked No. 1 by the Chinese government for business applications, has suppliers worldwide using multiple technologies, and we all need to securely communicate and transact business with each other," said X.Q. Zhang, CIO of Shanghai GM.
Shanghai GM Shanghai General Motors Company Limited (Shanghai GM) was established in June 1997.
The 50-50 joint venture is a partnership between the world's largest automaker, General Motors, and one of China's largest passenger sedan manufacturers, Shanghai Automotive Industry Corporation Group (SAIC).
sev.prnewswire.com /computer-electronics/20060809/DEW00109082006-1.html   (527 words)

 INSEAD KNOWLEDGE - China's Auto Industry
Foreign firms in industries of all types have made forays into China to get a bite of the growing pie, and the automobile industry is no exception.
In 1953, First Auto Works Corporation (FAW) was born, followed in 1958 by the Shanghai Automotive Industry Corporation (SAIC) and finally, in 1967, Dongfeng Motors Corporation, completing the country's 'Big Three' state-owned, national auto champions.
China's admission to the World Trade Organisation (WTO) in 2001 was a major milestone in the industry's development as the government had pledged to remove some of its protective barriers; for example, from an 80-100 percent import tariff in the '90's, down to just 25% by 2006.
knowledge.insead.edu /abstract.cfm?ct=14653   (879 words)

 On Strategies - The New Automotive Landscape in China: Local Players Get In the Game - 04/06
China’s top five automotive companies, which between them control 67 percent of the market, have either already completed MandAs or are in merger talks.
Recent M&A activity includes Shanghai Automotive Industry Corporation’s acquisition of China National Automotive Industry Corporation; Changan’s purchase of Jiangling, and potential merger with Zhongxing.
Automotive Design & Production, autofieldguide.com and all contents are properties of Gardner Publications, Inc.
www.autofieldguide.com /columns/0406strat.html   (518 words)

 OESA Events
Mustafa Mohatarem, chief economist, General Motors Corporation, will deliver the keynote address, “GM in China: Lessons Learned.” In 2005, GM captured headlines by gaining 11.2 percent of market share in China with sales of 665,000 units produced by Shanghai GM and SAIC-GM Wuling, joint ventures with Shanghai Automotive Industry Corporation.
Yinda Chen, vice president, Shanghai Automotive Industry Corporation (Group) will discuss “The View from a Chinese OEM: Outlook and Supplier Development.” SAIC is one of China’s largest OEMs, accounting for approx.
SAIC has joint ventures with both GM and VW, and produces the Regal, Passat, Polo, Corsa and others.
oesa.org /events/eventdetail.php?eventId=295   (465 words)

 TPG sets up Automotive Logistics Joint Venture in China - TNT
The joint venture will provide world class logistics services to the automotive industry in China by offering state-of-the-art logistics technology, solution design and implementation.
The joint venture is expected to become one of the key players in China’s logistics industry.
The joint venture, called “An Ji TNT Automotive Logistic Company”, is expected to be operational from June 2001 and will be registered in Pudong, Shanghai.
www.tnt.com /country/en_corporate/services/ournews/press/tpgsets.html   (319 words)

Two new orders for aerospace and automotive industry customers in China underline the establishment of Theorem CAD Product Data Exchange solutions as de facto standards for the world's leading mechanical engineering organisations.
In parallel, the Shanghai Automotive Industry Corporation will be deploying Theorem CADverters to translate CATIA V5 CATProduct and CATPart data into the Unigraphics’ Product Lifecycle Management (PLM) JT Visualisation format.
The translation processes will be integrated into Shanghai Automotive’s corporate PDM environment, enabling product data to be accessed throughout the whole organisation.
www.theorem.co.uk /pr/pr14.htm   (311 words)

 Visteon opens world-class China Technical Center in Shanghai
SHANGHAI, Nov. 16, 2005 — Visteon Corporation (NYSE: VC) and Yanfeng Visteon today celebrated the opening of the China Technical Center (CTC) in Shanghai, bringing world-class automotive components development and program management capabilities to the rapidly growing Chinese automotive market.
Visteon Corporation is a leading global automotive supplier that designs, engineers and manufactures innovative climate control, interior, electronic and lighting products for vehicle manufacturers, and also provides a range of products and services to aftermarket customers.
With corporate offices in Van Buren Township, Mich. (U.S.); Shanghai, China; and Kerpen, Germany; the company has more than 170 facilities in 24 countries and employs approximately 50,000 people.
www.visteon.com /europe/uk/newsroom/press/2005/051116.shtml   (589 words)

 [No title]
MG Rover is on the brink of collapse after Chinese firm Shanghai Automotive Industry Corporation (SAIC) said there was no chance of it entering into a partnership.
MG Rover is on the brink of collapse after Chinese firm Shanghai Automotive Industry Corporation (SAIC) said there was no chance of it entering into a partnership with the manufacturer.
A £6.5 million lifeline from the Department of Trade and Industry (DTI) effectively gave administrators PricewaterhouseCoopers until Monday to rekindle relations with SAIC and save MG Rover’s future with a partnership deal.
www.whatcar.com /news-article.aspx?NA=214686   (254 words)

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