Europe is not for Brilliance, the importer is bankrupt
Sat, 11/07/2009 - 14:40 — Michał Hadyś
HSO Motors Europe company, the general importer of Chinese Brilliance in Europe, filed for insolvency. In an interview for German Autohaus company’s CEO Hans-Ulrich Sachs explains that the main reason of financial problems was wrong producer’s price policy, which despite crisis hadn’t made any moves to rise competitive its products.
Head of German company is very sorry situation, but he consider it’s only one solution at this moment. "Months of talks with producer on price’s adjustment unfortunately was failed. We can’t longer compete with scrapping bonus and large discount only" - says Sachs. The importer keep a conversation with dealers about possibility of rescuing a dealership network, which counts 151 points in Germany. HSO Motors Europe bankruptcy isn’t surprise, because poor sales had affected adversely on China Automotive Distribution and Services GmbH (Bremerhaven) before, dependent company, which was responsible for import and distributing of spare parts.
Chinese BYD Company, a worldwide leader manufacturing electric cars, buses, batteries and LED lighting, and the Bulgarian energy giant Bulmineral signed a joint-venture agreement here on Tuesday to build an auto assembly plant. The plant of the 50:50 joint-venture company called Auto Group Motors will be located in the small town of Breznik, some 50 km west of the Bulgarian capital Sofia.
We are delighted to today announce that as part of the international launch plan, the MG6 diesel was formally unveiled at the Guangzhou Motor show in China yesterday by Mr Chen Hong, President of SAIC Motor and Mr Chen Zhixin, Executive Vice President. Over the past two weeks, industry journalists and other key decision makers have been visiting us here at MG Birmingham to test the car and the first reviews of the MG6 GT diesel have been published over the last 24 hours.
Qoros Auto has announced it will be displaying its first car at the next Geneva Motor Show in March. The compact 4-door sedan will be launched in Europe and in China at the same time, followed a hatchback and SUV versions a year later. All vehicles will be produced in cooperation with the Austrian company Magna Steyr. Production of the sedan is to be launched in December in China (Changshu) and will be exported to other markets, including the UK. Meanwhile, recruitment and training of assembly staff has already begun. By next year, the site's production staff is anticipated to exceed 1,500 people, when production of its first model will begin.
China Daily - China's passenger vehicle sales continued to recover in August, with the third-highest year-on-year growth in 20 months, making analysts raise their forecasts for full year sales in 2012. Total sales of cars, sport-utility vehicles, multi-purpose vehicles and minivans increased 11.2 percent over last year to 1,158,921 units in August, according to figures from the China Passenger Car Association. They mean that in the first eight months of the year, 9,205,675 passenger vehicles were sold in the world's largest automobile market, an increase of 6.4 percent year-on-year.
Geely made a new milestone in the history of Chinese automotive industry. In July, the model CK with 723 units headed on the list of most popular models in the Ukraine. It is the first time when the Chinese brand passenger model was the most popular vehicle outside of China. Geely total sales in July reached 1 542 vehicles and was 162% higher than in June. Last month, the brand share was 7.46%, which is also a record result in the history of the brand in Ukraine. A total score of seven months in 2012 was 5 688 units.