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Werte aus der Branche Fahrzeugindustrie
Wertpapier | Kurs | Perf. % |
---|---|---|
4,2550 | +53,06 | |
167,45 | +13,33 | |
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4,1500 | +12,16 | |
5,9700 | +10,76 |
Wertpapier | Kurs | Perf. % |
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959,80 | -8,33 | |
647,00 | -8,47 | |
29,84 | -10,52 | |
9,2000 | -10,68 | |
0,7021 | -16,71 |
Jo
wer auch nur den Ansatz von Intelligens besitzt
und dennoch die echt dicke Marie machen möchte
der gibt mal oben links die Wkn AOCACX ein und macht sich schlau
Sollte bei den ein oder anderen ein geistest Blitz passiert sein sollen und interesse besteht sende ich news.
mfg
wer auch nur den Ansatz von Intelligens besitzt
und dennoch die echt dicke Marie machen möchte
der gibt mal oben links die Wkn AOCACX ein und macht sich schlau
Sollte bei den ein oder anderen ein geistest Blitz passiert sein sollen und interesse besteht sende ich news.
mfg
Antwort auf Beitrag Nr.: 24.451.123 von Wuscher am 06.10.06 19:47:05
DJ MARKET TALK: Geely +7.6%; Tests HK$1 Resistance Oct 05, 2006 14:37
1432 [Dow Jones] Geely Auto (0175.HK [News / Quote]) +7.6% at 99 HK cents, having touched HK$1.00 intraday, setting up fresh test of key resistance which stock has failed to breach convincingly in 3 previous attempts since April, resulting in stock trading in 75 HK cents-HK$1 range. Convincing break above HK$1 could suggest follow-through buying on hope stock will move into new HK$1-1.25 trading range. Positions should be cut if stock corrects back to 90 HK cents.(JOG) Contact us in Hong Kong. 852 2802 7002; MarketTalk@dowjones.com
mfg
DJ MARKET TALK: Geely +7.6%; Tests HK$1 Resistance Oct 05, 2006 14:37
1432 [Dow Jones] Geely Auto (0175.HK [News / Quote]) +7.6% at 99 HK cents, having touched HK$1.00 intraday, setting up fresh test of key resistance which stock has failed to breach convincingly in 3 previous attempts since April, resulting in stock trading in 75 HK cents-HK$1 range. Convincing break above HK$1 could suggest follow-through buying on hope stock will move into new HK$1-1.25 trading range. Positions should be cut if stock corrects back to 90 HK cents.(JOG) Contact us in Hong Kong. 852 2802 7002; MarketTalk@dowjones.com
mfg
Antwort auf Beitrag Nr.: 24.451.227 von Wuscher am 06.10.06 19:50:09DJ MARKET TALK: Geely +7.6%; Tests HK$1 Resistance Oct 05, 2006 14:37
1432 [Dow Jones] Geely Auto (0175.HK [News / Quote]) +7.6% at 99 HK cents, having touched HK$1.00 intraday, setting up fresh test of key resistance which stock has failed to breach convincingly in 3 previous attempts since April, resulting in stock trading in 75 HK cents-HK$1 range. Convincing break above HK$1 could suggest follow-through buying on hope stock will move into new HK$1-1.25 trading range. Positions should be cut if stock corrects back to 90 HK cents.(JOG) Contact us in Hong Kong. 852 2802 7002; MarketTalk@dowjones.com
1432 [Dow Jones] Geely Auto (0175.HK [News / Quote]) +7.6% at 99 HK cents, having touched HK$1.00 intraday, setting up fresh test of key resistance which stock has failed to breach convincingly in 3 previous attempts since April, resulting in stock trading in 75 HK cents-HK$1 range. Convincing break above HK$1 could suggest follow-through buying on hope stock will move into new HK$1-1.25 trading range. Positions should be cut if stock corrects back to 90 HK cents.(JOG) Contact us in Hong Kong. 852 2802 7002; MarketTalk@dowjones.com
hIER WIERD DIE kOHLE GEMACHT IHR
sCHNULLIES:
sCHNULLIES:
aDONIES SAGT EUCH MEHR
Antwort auf Beitrag Nr.: 24.451.123 von Wuscher am 06.10.06 19:47:05 Wer hat dich denn losgelassen???
Antwort auf Beitrag Nr.: 24.451.586 von Wuscher am 06.10.06 19:59:57
und dann is gut ja.
und dann is gut ja.
Antwort auf Beitrag Nr.: 24.452.153 von XTrack am 06.10.06 20:16:56Nur damit ist folgendes möglich:
ein geistest Blitz passiert
ein geistest Blitz passiert
So eine dreck aktie,du glaubst doch nicht im ernst das diese firma in europa oder usa autos verkaufen kann
Antwort auf Beitrag Nr.: 24.451.123 von Wuscher am 06.10.06 19:47:05WUSCHER!!!!!!!
es ist immer eine freude deine etwas verschobenen niederschriften zu lesen!
du bist hier aber etwas spät, hätte mehr von dier erwartet!
schau dir das mal an a0dkv9 ( heikel; und bitte verschone mich mit politik)
und 634791
viel spaß!
es ist immer eine freude deine etwas verschobenen niederschriften zu lesen!
du bist hier aber etwas spät, hätte mehr von dier erwartet!
schau dir das mal an a0dkv9 ( heikel; und bitte verschone mich mit politik)
und 634791
viel spaß!
Antwort auf Beitrag Nr.: 24.457.915 von jakie am 07.10.06 00:41:02@jakie
entschuldige meine ausdrucks weise, aber du bist doch echt ein vollidiot!
japaner, koreaner, zähl eins & eins zusammen.
kleiner rat, nach der registrierung erst ein bis zwei wochen lesen und beobachten, erst dann die fresse auf machen.
entschuldige meine ausdrucks weise, aber du bist doch echt ein vollidiot!
japaner, koreaner, zähl eins & eins zusammen.
kleiner rat, nach der registrierung erst ein bis zwei wochen lesen und beobachten, erst dann die fresse auf machen.
@wgumcd
Etwas freudlicher wäre nicht schlecht.
Ich habe die aktie gemeint mit drecksaktie.
Oder heißt du zufällig so?
Wenn nicht dann aber etwas freundlicher.
Ohne beleidigungen!
Etwas freudlicher wäre nicht schlecht.
Ich habe die aktie gemeint mit drecksaktie.
Oder heißt du zufällig so?
Wenn nicht dann aber etwas freundlicher.
Ohne beleidigungen!
USD 0,14 = 0,1119 €
da geht noch was!
@jakie
ganz deiner meinung!
da geht noch was!
@jakie
ganz deiner meinung!
1058 [Dow Jones] Dongfeng Motor (0489.HK [News / Quote]) +3.3% at HK$3.43 as Apple Daily reports September auto sales +35.5% on-month at 71,200 units; Geely Auto (0175.HK [News / Quote]) +2.1% at 97 HK cents with September sales +20.5% on-month at 14,861 units. Dao Heng likes auto stocks 'given anticipation of strong sales in the fourth quarter and undemanding valuations'; top picks Denway Motors (0203.HK [News / Quote]), Greatwall Motors (2333.HK [News / Quote]). Denway, yet to announce own sales data, +1.4% at HK$2.97; Greatwall +0.2% at HK$6.43.(RLI) Contact us in Hong Kong. 852 2802 7002; MarketTalk@dowjones.com
Antwort auf Beitrag Nr.: 24.699.203 von wgumcd am 18.10.06 12:53:43
Geely sets up parts, service JVs
StevenLee
Friday, October 27, 2006
Geely Automobile Holdings (0175), the Hong Kong-listed unit of China's biggest privately owned automaker, said it will pay about 181 million yuan (HK$178 million) to set up two joint ventures - one to produce components and the other for after-sales services in the mainland.
Geely Automobile will hold 46.8 percent in both ventures, Zhejiang Kingkong and Zhejiang Ruhoo. The remaining 53.2 percent of Zhejiang Kingkong will be held by parent Geely Holdings. Zhejiang Haoqing, a 90 percent-owned subsidiary of Geely Holdings, will hold the remaining 53.2 percent of Zhejiang Ruhoo.
The ventures will be financed from internal resources and the total investment will be about 1.13 billion yuan, the company said.
Geely said earlier that upgrading and expanding production facilities remains a medium- to long-term target, and the two ventures could further allow the company to capitalize on the robust growth in demand for sedans in China.
The two ventures will engage in research, production, marketing and sales of sedan-related components and also after-sales service.
They will also enjoy full exemption from enterprise income tax in the first two years and 50 percent reduction in the following three years, the company said, given its Sino-foreign shareholding structure under mainland tax regulations.
"The joint ventures are like assets restructuring, to re-allocate assets to companies which could enjoy lower tax rates in a bid to reduce the group's tax burden as a whole," said Alex Fan, an analyst at Daiwa Institute of Research.
Geely Automobile said talks are under way with local governments to set up sedan production plants in Lanzhou, Xiangtan, Ningbo and Jinan.
Meanwhile, the carmaker also said it had entered into a non-binding memorandum of understanding with Manganese Bronze Holdings to set up a joint venture in Shanghai to produce the TX4 London taxi.
Geely Automobile will transfer a 48 percent stake in the proposed joint venture to Manganese, representing 23 percent of its enlarged issued share capital, and Geely will hold 51 percent of the venture. Geely's first-half net profit soared 196 percent to HK$120.7 million, up from HK$40.8 million a year earlier.
Shares of Geely Holdings closed Thursday at HK$0.94, up 2 HK cents.
Da wird was ganz großes geschaffen.
Jetzt einsteigen und in 3 bis 4 Jahren
sich zur Ruhe setzen.
mfg
StevenLee
Friday, October 27, 2006
Geely Automobile Holdings (0175), the Hong Kong-listed unit of China's biggest privately owned automaker, said it will pay about 181 million yuan (HK$178 million) to set up two joint ventures - one to produce components and the other for after-sales services in the mainland.
Geely Automobile will hold 46.8 percent in both ventures, Zhejiang Kingkong and Zhejiang Ruhoo. The remaining 53.2 percent of Zhejiang Kingkong will be held by parent Geely Holdings. Zhejiang Haoqing, a 90 percent-owned subsidiary of Geely Holdings, will hold the remaining 53.2 percent of Zhejiang Ruhoo.
The ventures will be financed from internal resources and the total investment will be about 1.13 billion yuan, the company said.
Geely said earlier that upgrading and expanding production facilities remains a medium- to long-term target, and the two ventures could further allow the company to capitalize on the robust growth in demand for sedans in China.
The two ventures will engage in research, production, marketing and sales of sedan-related components and also after-sales service.
They will also enjoy full exemption from enterprise income tax in the first two years and 50 percent reduction in the following three years, the company said, given its Sino-foreign shareholding structure under mainland tax regulations.
"The joint ventures are like assets restructuring, to re-allocate assets to companies which could enjoy lower tax rates in a bid to reduce the group's tax burden as a whole," said Alex Fan, an analyst at Daiwa Institute of Research.
Geely Automobile said talks are under way with local governments to set up sedan production plants in Lanzhou, Xiangtan, Ningbo and Jinan.
Meanwhile, the carmaker also said it had entered into a non-binding memorandum of understanding with Manganese Bronze Holdings to set up a joint venture in Shanghai to produce the TX4 London taxi.
Geely Automobile will transfer a 48 percent stake in the proposed joint venture to Manganese, representing 23 percent of its enlarged issued share capital, and Geely will hold 51 percent of the venture. Geely's first-half net profit soared 196 percent to HK$120.7 million, up from HK$40.8 million a year earlier.
Shares of Geely Holdings closed Thursday at HK$0.94, up 2 HK cents.
Da wird was ganz großes geschaffen.
Jetzt einsteigen und in 3 bis 4 Jahren
sich zur Ruhe setzen.
mfg
Meinungen?
Antwort auf Beitrag Nr.: 24.902.052 von Wuscher am 27.10.06 23:09:45hi wuscher!
ich bin ganz deiner meinung, hier entsteht etwas großes! allerdings könnte der kurs nochmal richtung süden gehen, würde gerne aufstocken!
was ist deine persönliche kurs einschätzung bis a) ende des jahres b) ende 2007?
persönlich bin ich der meinung, dass es mehr als vier jahre dabei bleibe! ich habe die hoffung das geely sich entwickelt wie die koreaner vor 15 jahren!
wuscher hast du dich schon mal mit indischen werten beschäftigt? china, dann kommt indien!
gruß
ich bin ganz deiner meinung, hier entsteht etwas großes! allerdings könnte der kurs nochmal richtung süden gehen, würde gerne aufstocken!
was ist deine persönliche kurs einschätzung bis a) ende des jahres b) ende 2007?
persönlich bin ich der meinung, dass es mehr als vier jahre dabei bleibe! ich habe die hoffung das geely sich entwickelt wie die koreaner vor 15 jahren!
wuscher hast du dich schon mal mit indischen werten beschäftigt? china, dann kommt indien!
gruß
Antwort auf Beitrag Nr.: 24.961.842 von Wuscher am 29.10.06 10:47:37Kaufen?
Antwort auf Beitrag Nr.: 27.726.324 von gerdass am 15.02.07 16:52:52Nein noch nicht
warte besser noch
4wochen 0,20 ist
doch auch ein schöner
Einstiegs Kurs
mfg
warte besser noch
4wochen 0,20 ist
doch auch ein schöner
Einstiegs Kurs
mfg
News@CHS@nline
Geely (0175) said placing 600M shr at $0.98-1.08/shr
2007/02/15 17:05
(Infocast News) Market sources say that Geely Automobile (0175), whose stock price once shot up 20% today, plans to place 600 million new shares through a top-up placing. The placing shares represent 14.4% of Geely's existing issued share capital and the new shares will be priced at $0.98-1.08 each (representing a discount of 4.42-13.27% over the closing price of $1.13 today) to raise $588-648 million for Geely. Deutsche Bank will be the placing agent.
Under the placement agreement, Geely will be banned from issuing new shares within six month after the placing.
Geely (0175) said placing 600M shr at $0.98-1.08/shr
2007/02/15 17:05
(Infocast News) Market sources say that Geely Automobile (0175), whose stock price once shot up 20% today, plans to place 600 million new shares through a top-up placing. The placing shares represent 14.4% of Geely's existing issued share capital and the new shares will be priced at $0.98-1.08 each (representing a discount of 4.42-13.27% over the closing price of $1.13 today) to raise $588-648 million for Geely. Deutsche Bank will be the placing agent.
Under the placement agreement, Geely will be banned from issuing new shares within six month after the placing.
China's used car market to rocket over next two years
www.chinaview.cn 2007-02-25 19:31:24
BEIJING, Feb. 25 (Xinhua) -- China's used car market is expected to speed ahead over the next two years, the China Association of Automobile Manufacturers (CAAM) predicted.
A previous report said China's used car dealers are expecting business to zoom far ahead of last year as nearly 36 percent of current car owners plan to buy a new or used vehicle.
Statistics from the CAAM showed that more than 1.90 million used cars were traded in China last year, up 31.5 percent over 2005.
The growth rate is 6.37 percentage points higher than that of new car sales. It is the third consecutive year that used car sales growth out paced the growth of new car sales.
In China three out four cars sold are new cars while in the United States, the world's top auto market, the sale of used car is two to three times higher than new car sales.
Only 30 out of every 1,000 Chinese own a car, much lower than the world average of 120.
As the cars of first time buyers begin to age they will begin to buy new ones and sell their old vehicles creating a potential new market, said Yu Yuanbo, vice chairman of China Auto Dealers Association.
The U.S.-based Manheim Auctions, the world's leading auction company of used vehicles opened its second joint auction venture in Shenzhen last month. It's first was set up in Shanghai in November last year.
Neville Green, president of the joint venture, has predicts China's used car sales could exceed 6 million by 2011.
Statistics from the CAAM show new car sales hit 7.22 million last year, up 25.13 percent year-on-year.
China overtook Japan to become the world's second largest market for new vehicles in 2006 next only to the United States.
Editor: Yan Liang
E-mail Us
www.chinaview.cn 2007-02-25 19:31:24
BEIJING, Feb. 25 (Xinhua) -- China's used car market is expected to speed ahead over the next two years, the China Association of Automobile Manufacturers (CAAM) predicted.
A previous report said China's used car dealers are expecting business to zoom far ahead of last year as nearly 36 percent of current car owners plan to buy a new or used vehicle.
Statistics from the CAAM showed that more than 1.90 million used cars were traded in China last year, up 31.5 percent over 2005.
The growth rate is 6.37 percentage points higher than that of new car sales. It is the third consecutive year that used car sales growth out paced the growth of new car sales.
In China three out four cars sold are new cars while in the United States, the world's top auto market, the sale of used car is two to three times higher than new car sales.
Only 30 out of every 1,000 Chinese own a car, much lower than the world average of 120.
As the cars of first time buyers begin to age they will begin to buy new ones and sell their old vehicles creating a potential new market, said Yu Yuanbo, vice chairman of China Auto Dealers Association.
The U.S.-based Manheim Auctions, the world's leading auction company of used vehicles opened its second joint auction venture in Shenzhen last month. It's first was set up in Shanghai in November last year.
Neville Green, president of the joint venture, has predicts China's used car sales could exceed 6 million by 2011.
Statistics from the CAAM show new car sales hit 7.22 million last year, up 25.13 percent year-on-year.
China overtook Japan to become the world's second largest market for new vehicles in 2006 next only to the United States.
Editor: Yan Liang
E-mail Us
!
Dieser Beitrag wurde vom System automatisch gesperrt. Bei Fragen wenden Sie sich bitte an feedback@wallstreet-online.de
Auto: New driver at helm
(Shanghai Daily)
Updated: 2007-02-27 15:05
Zhejiang Geely Holding Group Ltd, China's largest private car maker, appointed Liu Jinliang to replace Xu Gang as general manager of Shanghai Maple Automobile Co Ltd, a flagship subsidiary of Geely to raise its market competitiveness.
Liu was formerly vice president of Geely Group and executive chairman of Hong Kong-listed Geely Automobile Holdings Ltd. Xu Gang will remain as the chairman of Shanghai Maple, responsible for business development.
(For more biz stories, please visit Industry Updates)
(Shanghai Daily)
Updated: 2007-02-27 15:05
Zhejiang Geely Holding Group Ltd, China's largest private car maker, appointed Liu Jinliang to replace Xu Gang as general manager of Shanghai Maple Automobile Co Ltd, a flagship subsidiary of Geely to raise its market competitiveness.
Liu was formerly vice president of Geely Group and executive chairman of Hong Kong-listed Geely Automobile Holdings Ltd. Xu Gang will remain as the chairman of Shanghai Maple, responsible for business development.
(For more biz stories, please visit Industry Updates)
Börsen crash in China!!!
So Leute jetzt verkauft mal kräftig damit ich billig aufstocken kann!!!
So Leute jetzt verkauft mal kräftig damit ich billig aufstocken kann!!!
zwei neue artikel:
Globalising the car industry
By Steve Schifferes
Globalisation reporter, BBC News, Detroit
Sheafali may represent the car consumers of the future
Sheafali is very pleased that at age 25, she has just been able to buy her first car, a small Hyundai.
She plans to use the car to go on weekend trips to the hill country to escape the heat of Delhi, where she lives.
Sheafali is able to afford a car because she works in an call centre run by the US multinational Convergys - which is not only well-paid by Indian standards, but also gives her the weekend off.
She may be typical of the new breed of consumer - young, savvy and Asian - who represents the future of the car industry.
Saturated market
For many years, the model for the global car industry was the United States - the single largest car market in the world.
GLOBALISATION SERIES
How Detroit lost its dominance in the global car industry
Friday: Viewers' experiences
Key facts: Global Car Industry
Have you been affected by changes to the auto industry?
But now the US represents less than one-quarter of the world industry, and its market share will decline further.
The US car market has already reached saturation point.
Stephen D'Arcy of PricewaterhouseCoopers believes all the growth in the global auto industry in the next decade will come from emerging market countries such as India, China and eastern Europe.
And that means the fastest-growing segment in the car industry will be the small car, the only size that will be affordable to the burgeoning middle classes in these countries.
There will soon be more cars in India and China than the US
Consultancy firm Ronald Berger estimates that global demand for small cars, those costing less than $10,000 or 10,000 euros, will grow to 18 million, including six million in the BRICs (Brazil, Russia, India, China).
Major companies developing low-cost cars include Renault, Fiat, Peugeot, Daewoo (GM), Hyundai and Daihatsu (Toyota), as well as Chinese firms Geely and Chery and Indian companies Tata and Maruti.
According to Professor Garel Rhys of Cardiff Business School, there are essentially two car markets - the US, with its low fuel prices, low densities and big cars - and the rest of the world.
He says that only when the US raises petrol prices to world levels will this change.
Greening the car
But even that may change, as consciousness about environmental issues affects consumers in Western countries.
Ford launched a new electric concept car at the Detroit motor show
In the US, sales of hybrid (petrol-electric) cars are growing fast - and Toyota and Honda are rolling out hybrids across their entire range.
Tough new ceilings on pollution and fuel efficiency standards are being introduced in both the US and Europe, despite protests from the car industry.
High fuel prices - and high taxes on petrol - are discouraging consumers from buying the large, fuel-guzzling SUVs (sports utility vehicles).
All the major car manufacturers now recognise the trend.
It is a business necessity that we find alternative sources of propulsion for our vehicles
Rick Wagoner, chief executive, GM
Bill Ford says that "society is now clamouring for this approach" and Ford has "recognised the shift in the marketplace" with its Greener Miles approach.
And GM boss Rick Wagoner says that "it's really a business necessity that we find alternative sources of propulsion for our vehicles", because eventually petroleum is going to run out.
See how a hybrid car works
Ford and GM are some way behind Toyota, with their flexible-fuel concept cars some years away from mass production.
And there are still big cost and technical barriers to the spread of alternative technology, which may take 10-20 years to solve.
But in the long run, no major car company doubts that ethanol, diesel, electric, hybrid and even hydrogen-powered vehicles will become more important in the future.
Think global, act local
The car industry is also going through a profound revolution in its method of production.
There is no longer anywhere to hide. We are competing in every market and every segment
Mark Fields, president, Ford North America
Lean production techniques are lowering the cost of making small cars and making it more efficient for car companies to change models quickly, in response to changing consumer taste.
See how GM and Toyota have expanded globally
The big car groups are moving to a global production system, in which their factories anywhere in the world are identical, based on global design and manufacturing best practice.
LEAN PRODUCTION GLOSSARY
'Just-in-time': System of delivering parts to the assembly line in a continuous flow, rather than stockpiling large volumes at the plant
Continuous improvement: Process of analysing problems and solving them on a daily basis
Personal responsibility: Each worker on a production line is given responsibility for each process he carries out
Flexible production: Several different models can be produced on the same assembly line
Design for manufacture: Making the components of a car easy to fit together on the assembly line
This puts pressure on smaller companies who cannot match their productivity.
At the same time, it allows the global car companies to localise their product mix to suit each region.
It also means they can globalise the skills in different regions - for example, rolling out an Asian-designed small car across the world.
At the same time, the lean production system - based on a "just-in-time" manufacturing system - is encouraging car companies to locate their assembly plants in or near their major markets, bypassing trade barriers.
That allows them to keep closer to the different consumer tastes in the three key world regions - Asia, Europe and North America.
And growing regional economic integration has boosted the importance of eastern Europe for the EU market, and Canada and Mexico within North America, both for manufacturers and auto parts suppliers.
Tough markets
Only the most competitive, and most nimble, will survive in the new globally competitive market.
As yet, there are no truly global car companies
James Womack, author, The Machine that changed the World
There are no longer any protected home markets (outside Japan and South Korea), and the fierce competition means that no one is able to dominate in the way that GM dominated the US market for most of this century.
According to Ford's North American president Mark Fields, "There is no longer anywhere to hide. We are competing in every market and every segment."
See how the three big world regions compare
The competition is even tougher outside the US.
In Europe, the market leader, VW, has only a 14% market share.
Kia moves into Eastern Europe
Korean car firms target Europe
Renault moves to Romania
In China, VW's share of the market declined from 60% to 10% in the last decade, the same size as GM (both companies operate joint ventures).
And the market leaders are under threat as never before.
In Europe, Japanese and Korean manufacturers such as Hyundai and Toyota are ramping up production, representing a real threat to the smaller mass-market producers such as Fiat, Renault and Peugeot-Citroen.
In China and India, Western companies are under challenge, not only from Asian rivals but also from a proliferation of home-grown companies with global aspirations.
Only the strong survive
So what will be the shape of the global car industry in the next few decades?
The new face of the car industry?
Most experts believe that further consolidation is inevitable, particularly with the large amount of overcapacity in the mature markets of Europe and North America.
The first victim could be Chrysler, which German carmaker Daimler is putting up for sale after failing to make it profitable.
Combining brands may also have been a strategic mistake, according to lean production expert James Womack - it is more likely to weaken the stronger brand.
He believes it will take at least a generation before there are truly global car companies - but GM and Toyota, who make more cars outside their home market than inside it, come closest.
These two giants (who together produce nearly one-third of global car output) look set to continue their global battle for dominance.
DaimlerChrysler's tiny Smartcar debuted at Detroit this year
They are both major players in all three global regions (Asia, Europe, and North America) and compete over the full product range.
The two other global giants - Ford and VW - are looking more vulnerable.
Ford is at least 18 months behind GM in restructuring its global operations, while VW has yet to tackle the production issues at its home plant in Wolfsburg and is weak in North America.
The green trend could also hurt the big German luxury carmakers, Daimler (Mercedes) and BMW, even though they have both introduced smaller vehicles in their range.
The key to the future could lie in the emerging markets, and whether China and India can fashion from their car industries a national champion who can challenge the global giants.
Many experts believe that - in terms of design and manufacturing practice - this threat is at least a decade away.
But in a harbinger of the future, this year two Chinese car companies showcased their wares at the Detroit Motor Show - and a third, Chery, announced a joint venture with Chrysler to market its small car in the US.
Ohio researchers seek first 'bio-renewable car'
By Mauricio Espinoza, Ohio State University
Feb 28, 2007
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WOOSTER, Ohio — The next-generation automobile could be built and fueled almost exclusively from materials produced, you heard right, down on the farm. And the Buckeye state could be at the forefront of such innovation.
The vision of an “Agri-Car,” whose components would be derived in large part from bio-renewable resources and which would run on environmentally friendly non-fossil fuels, has begun to take shape in northeast Ohio.
The concept was initially conceived by Seeds of Opportunity, a Wooster-area group of business and other community leaders concerned about economic development prospects for the region. Now, Ohio State University’s Ohio Agricultural Research and Development (OARDC) and the University of Akron’s Goodyear Polymer Center have joined in conversations to explore a potential research partnership.
“Agriculture and polymers represent Ohio’s two largest business sectors,” OARDC Director Steve Slack said. “It makes sense for us to explore initiatives that leverage these strengths. Agri-Car is an exciting concept that has this capability.”
Other groups that have expressed interest in exploring this concept are Ohio State’s Center for Automotive Research (CAR), Tsinghua University in Beijing, and China’s Geely Automotive Group.
The idea is to create a diverse working group to leverage resources, knowledge and ongoing research projects that could help assemble the pieces required to turn the Agri-Car concept into a circulating reality. Such interaction, Slack said, is crucial to see beyond research and industry boundaries and realize that agriculture, biotechnology, polymers and the automotive world indeed have much to offer to each other.
“We are talking about a mid-size, lighter, safe, efficient, inexpensive car that would be 90 percent biodegradable,” said Seeds of Opportunity chairman Harry Featherstone, retired CEO of worldwide pneumatic telescoping masts and lighting manufacturer Will-Burt Co., and former operations manager and head of materials for top U.S. automakers Ford and GM.
“Development of this vehicle would not only be significant for the value of the car itself, and what it would mean to our societies and the world, but also for the progress and innovation sure to be realized in the development of products and processes necessary to produce the car.”
By using the right combination of bio-based materials, Featherstone explained, the Agri-Car could be approximately 1,000 pounds lighter that a vehicle its size — contributing to a fuel efficiency of at least 70-80 mpg.
Possible components would include malleable carbon or bio-polymer for the body; bio-polymers, advanced sensors and displays for the dash; new carbon materials for the drive train; polymers and fabrics derived from renewable feedstocks for the interior and trim; alternative natural sources of rubber for the tires; and crops and other biomass for lubricants and fuel, including ethanol and methane.
Slack said OARDC currently has research programs and projects that could provide some of the feedstocks and energy sources the Agri-Car would need. Among them:
—The Ohio BioProducts Innovation Center (OBIC): Established through an $11.5 million Third Frontier award, OBIC is linking agricultural technologies with chemical-conversion and advanced-materials technologies to create specialty industrial compounds like plastics, paints, lubricants and solvents from crops such as soybeans and corn.
—The Biomass-to-Energy Project: Also the recipient of a Third Frontier award, this project involves taking animal manure, food-processing leftovers, crops and other biomass resources and converting them to clean, renewable energy. This research brings together two different technologies — biodigesters, which turn waste into biogas, and fuel cells, which can use biogas and even vegetable oils to generate energy.
—Natural Rubber Research: This study aims to develop a species of dandelion from Kazakhstan and Uzbekistan as an American-grown source of natural rubber.
Additional resources OARDC brings to the table include the Food and Agricultural Technology Commercialization and Economic Development Program (ATECH) and the proposed BioHio Research Park, which is expected to host startup companies partnering university research and entrepreneurial efforts.
For more information, contact Jim Currie, ATECH, at (330) 263-3717 or currie.16@osu.edu.
OARDC is the research arm of Ohio State’s College of Food, Agricultural, and Environmental Sciences.
© Copyright 2002-2006 by North Texas e-News, llc
Globalising the car industry
By Steve Schifferes
Globalisation reporter, BBC News, Detroit
Sheafali may represent the car consumers of the future
Sheafali is very pleased that at age 25, she has just been able to buy her first car, a small Hyundai.
She plans to use the car to go on weekend trips to the hill country to escape the heat of Delhi, where she lives.
Sheafali is able to afford a car because she works in an call centre run by the US multinational Convergys - which is not only well-paid by Indian standards, but also gives her the weekend off.
She may be typical of the new breed of consumer - young, savvy and Asian - who represents the future of the car industry.
Saturated market
For many years, the model for the global car industry was the United States - the single largest car market in the world.
GLOBALISATION SERIES
How Detroit lost its dominance in the global car industry
Friday: Viewers' experiences
Key facts: Global Car Industry
Have you been affected by changes to the auto industry?
But now the US represents less than one-quarter of the world industry, and its market share will decline further.
The US car market has already reached saturation point.
Stephen D'Arcy of PricewaterhouseCoopers believes all the growth in the global auto industry in the next decade will come from emerging market countries such as India, China and eastern Europe.
And that means the fastest-growing segment in the car industry will be the small car, the only size that will be affordable to the burgeoning middle classes in these countries.
There will soon be more cars in India and China than the US
Consultancy firm Ronald Berger estimates that global demand for small cars, those costing less than $10,000 or 10,000 euros, will grow to 18 million, including six million in the BRICs (Brazil, Russia, India, China).
Major companies developing low-cost cars include Renault, Fiat, Peugeot, Daewoo (GM), Hyundai and Daihatsu (Toyota), as well as Chinese firms Geely and Chery and Indian companies Tata and Maruti.
According to Professor Garel Rhys of Cardiff Business School, there are essentially two car markets - the US, with its low fuel prices, low densities and big cars - and the rest of the world.
He says that only when the US raises petrol prices to world levels will this change.
Greening the car
But even that may change, as consciousness about environmental issues affects consumers in Western countries.
Ford launched a new electric concept car at the Detroit motor show
In the US, sales of hybrid (petrol-electric) cars are growing fast - and Toyota and Honda are rolling out hybrids across their entire range.
Tough new ceilings on pollution and fuel efficiency standards are being introduced in both the US and Europe, despite protests from the car industry.
High fuel prices - and high taxes on petrol - are discouraging consumers from buying the large, fuel-guzzling SUVs (sports utility vehicles).
All the major car manufacturers now recognise the trend.
It is a business necessity that we find alternative sources of propulsion for our vehicles
Rick Wagoner, chief executive, GM
Bill Ford says that "society is now clamouring for this approach" and Ford has "recognised the shift in the marketplace" with its Greener Miles approach.
And GM boss Rick Wagoner says that "it's really a business necessity that we find alternative sources of propulsion for our vehicles", because eventually petroleum is going to run out.
See how a hybrid car works
Ford and GM are some way behind Toyota, with their flexible-fuel concept cars some years away from mass production.
And there are still big cost and technical barriers to the spread of alternative technology, which may take 10-20 years to solve.
But in the long run, no major car company doubts that ethanol, diesel, electric, hybrid and even hydrogen-powered vehicles will become more important in the future.
Think global, act local
The car industry is also going through a profound revolution in its method of production.
There is no longer anywhere to hide. We are competing in every market and every segment
Mark Fields, president, Ford North America
Lean production techniques are lowering the cost of making small cars and making it more efficient for car companies to change models quickly, in response to changing consumer taste.
See how GM and Toyota have expanded globally
The big car groups are moving to a global production system, in which their factories anywhere in the world are identical, based on global design and manufacturing best practice.
LEAN PRODUCTION GLOSSARY
'Just-in-time': System of delivering parts to the assembly line in a continuous flow, rather than stockpiling large volumes at the plant
Continuous improvement: Process of analysing problems and solving them on a daily basis
Personal responsibility: Each worker on a production line is given responsibility for each process he carries out
Flexible production: Several different models can be produced on the same assembly line
Design for manufacture: Making the components of a car easy to fit together on the assembly line
This puts pressure on smaller companies who cannot match their productivity.
At the same time, it allows the global car companies to localise their product mix to suit each region.
It also means they can globalise the skills in different regions - for example, rolling out an Asian-designed small car across the world.
At the same time, the lean production system - based on a "just-in-time" manufacturing system - is encouraging car companies to locate their assembly plants in or near their major markets, bypassing trade barriers.
That allows them to keep closer to the different consumer tastes in the three key world regions - Asia, Europe and North America.
And growing regional economic integration has boosted the importance of eastern Europe for the EU market, and Canada and Mexico within North America, both for manufacturers and auto parts suppliers.
Tough markets
Only the most competitive, and most nimble, will survive in the new globally competitive market.
As yet, there are no truly global car companies
James Womack, author, The Machine that changed the World
There are no longer any protected home markets (outside Japan and South Korea), and the fierce competition means that no one is able to dominate in the way that GM dominated the US market for most of this century.
According to Ford's North American president Mark Fields, "There is no longer anywhere to hide. We are competing in every market and every segment."
See how the three big world regions compare
The competition is even tougher outside the US.
In Europe, the market leader, VW, has only a 14% market share.
Kia moves into Eastern Europe
Korean car firms target Europe
Renault moves to Romania
In China, VW's share of the market declined from 60% to 10% in the last decade, the same size as GM (both companies operate joint ventures).
And the market leaders are under threat as never before.
In Europe, Japanese and Korean manufacturers such as Hyundai and Toyota are ramping up production, representing a real threat to the smaller mass-market producers such as Fiat, Renault and Peugeot-Citroen.
In China and India, Western companies are under challenge, not only from Asian rivals but also from a proliferation of home-grown companies with global aspirations.
Only the strong survive
So what will be the shape of the global car industry in the next few decades?
The new face of the car industry?
Most experts believe that further consolidation is inevitable, particularly with the large amount of overcapacity in the mature markets of Europe and North America.
The first victim could be Chrysler, which German carmaker Daimler is putting up for sale after failing to make it profitable.
Combining brands may also have been a strategic mistake, according to lean production expert James Womack - it is more likely to weaken the stronger brand.
He believes it will take at least a generation before there are truly global car companies - but GM and Toyota, who make more cars outside their home market than inside it, come closest.
These two giants (who together produce nearly one-third of global car output) look set to continue their global battle for dominance.
DaimlerChrysler's tiny Smartcar debuted at Detroit this year
They are both major players in all three global regions (Asia, Europe, and North America) and compete over the full product range.
The two other global giants - Ford and VW - are looking more vulnerable.
Ford is at least 18 months behind GM in restructuring its global operations, while VW has yet to tackle the production issues at its home plant in Wolfsburg and is weak in North America.
The green trend could also hurt the big German luxury carmakers, Daimler (Mercedes) and BMW, even though they have both introduced smaller vehicles in their range.
The key to the future could lie in the emerging markets, and whether China and India can fashion from their car industries a national champion who can challenge the global giants.
Many experts believe that - in terms of design and manufacturing practice - this threat is at least a decade away.
But in a harbinger of the future, this year two Chinese car companies showcased their wares at the Detroit Motor Show - and a third, Chery, announced a joint venture with Chrysler to market its small car in the US.
Ohio researchers seek first 'bio-renewable car'
By Mauricio Espinoza, Ohio State University
Feb 28, 2007
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WOOSTER, Ohio — The next-generation automobile could be built and fueled almost exclusively from materials produced, you heard right, down on the farm. And the Buckeye state could be at the forefront of such innovation.
The vision of an “Agri-Car,” whose components would be derived in large part from bio-renewable resources and which would run on environmentally friendly non-fossil fuels, has begun to take shape in northeast Ohio.
The concept was initially conceived by Seeds of Opportunity, a Wooster-area group of business and other community leaders concerned about economic development prospects for the region. Now, Ohio State University’s Ohio Agricultural Research and Development (OARDC) and the University of Akron’s Goodyear Polymer Center have joined in conversations to explore a potential research partnership.
“Agriculture and polymers represent Ohio’s two largest business sectors,” OARDC Director Steve Slack said. “It makes sense for us to explore initiatives that leverage these strengths. Agri-Car is an exciting concept that has this capability.”
Other groups that have expressed interest in exploring this concept are Ohio State’s Center for Automotive Research (CAR), Tsinghua University in Beijing, and China’s Geely Automotive Group.
The idea is to create a diverse working group to leverage resources, knowledge and ongoing research projects that could help assemble the pieces required to turn the Agri-Car concept into a circulating reality. Such interaction, Slack said, is crucial to see beyond research and industry boundaries and realize that agriculture, biotechnology, polymers and the automotive world indeed have much to offer to each other.
“We are talking about a mid-size, lighter, safe, efficient, inexpensive car that would be 90 percent biodegradable,” said Seeds of Opportunity chairman Harry Featherstone, retired CEO of worldwide pneumatic telescoping masts and lighting manufacturer Will-Burt Co., and former operations manager and head of materials for top U.S. automakers Ford and GM.
“Development of this vehicle would not only be significant for the value of the car itself, and what it would mean to our societies and the world, but also for the progress and innovation sure to be realized in the development of products and processes necessary to produce the car.”
By using the right combination of bio-based materials, Featherstone explained, the Agri-Car could be approximately 1,000 pounds lighter that a vehicle its size — contributing to a fuel efficiency of at least 70-80 mpg.
Possible components would include malleable carbon or bio-polymer for the body; bio-polymers, advanced sensors and displays for the dash; new carbon materials for the drive train; polymers and fabrics derived from renewable feedstocks for the interior and trim; alternative natural sources of rubber for the tires; and crops and other biomass for lubricants and fuel, including ethanol and methane.
Slack said OARDC currently has research programs and projects that could provide some of the feedstocks and energy sources the Agri-Car would need. Among them:
—The Ohio BioProducts Innovation Center (OBIC): Established through an $11.5 million Third Frontier award, OBIC is linking agricultural technologies with chemical-conversion and advanced-materials technologies to create specialty industrial compounds like plastics, paints, lubricants and solvents from crops such as soybeans and corn.
—The Biomass-to-Energy Project: Also the recipient of a Third Frontier award, this project involves taking animal manure, food-processing leftovers, crops and other biomass resources and converting them to clean, renewable energy. This research brings together two different technologies — biodigesters, which turn waste into biogas, and fuel cells, which can use biogas and even vegetable oils to generate energy.
—Natural Rubber Research: This study aims to develop a species of dandelion from Kazakhstan and Uzbekistan as an American-grown source of natural rubber.
Additional resources OARDC brings to the table include the Food and Agricultural Technology Commercialization and Economic Development Program (ATECH) and the proposed BioHio Research Park, which is expected to host startup companies partnering university research and entrepreneurial efforts.
For more information, contact Jim Currie, ATECH, at (330) 263-3717 or currie.16@osu.edu.
OARDC is the research arm of Ohio State’s College of Food, Agricultural, and Environmental Sciences.
© Copyright 2002-2006 by North Texas e-News, llc
News@CHS@nline
Geely (0175) units vehicle sales up 4.5% in Jan-Feb
2007/03/02 17:51
(Infocast News) Geely Automobile (0175) announced that total sales volume at the group's four 46.8%-owned associates was 33,076 units in the first two months of 2007, up 4.5% from same period last year.
Sales volume was 13,067 units in February, up 1.0% year on year. The sales volume in February was, however, down 34.7% from January due to the smaller number of working days in February as a result of the Chinese New Year holiday in mid February. Although the February sales volume figures appeared lower than the previous months, this only reflected the lower levels of orders from dealers ahead of Chinese New Year holiday, which is very much expected.
According to the Geely's spokesman, the sales performance of the four associates in February met the management's expectations. The sales performance during the month was much attributable to the continued good sales volume achieved by the "Free Cruiser" and "Geely Kingkong" models. The monthly sales volumes of the two models were over 5,000 units and 3,000 units respectively in February. Based on current order conditions, the management of the group expected the total sale volume of the four associates to rebound substantially in March.
Geely (0175) units vehicle sales up 4.5% in Jan-Feb
2007/03/02 17:51
(Infocast News) Geely Automobile (0175) announced that total sales volume at the group's four 46.8%-owned associates was 33,076 units in the first two months of 2007, up 4.5% from same period last year.
Sales volume was 13,067 units in February, up 1.0% year on year. The sales volume in February was, however, down 34.7% from January due to the smaller number of working days in February as a result of the Chinese New Year holiday in mid February. Although the February sales volume figures appeared lower than the previous months, this only reflected the lower levels of orders from dealers ahead of Chinese New Year holiday, which is very much expected.
According to the Geely's spokesman, the sales performance of the four associates in February met the management's expectations. The sales performance during the month was much attributable to the continued good sales volume achieved by the "Free Cruiser" and "Geely Kingkong" models. The monthly sales volumes of the two models were over 5,000 units and 3,000 units respectively in February. Based on current order conditions, the management of the group expected the total sale volume of the four associates to rebound substantially in March.
News@CHS@nline
Geely (0175) to get asset injection
2007/03/06 11:08
(Infocast News) Geely Holding Group plans to inject auto related assets into its listing arm Geely Automobile Holdings, chairman Li Shufu said yesterday on the sidelines of the National People's congress.
The parent of Geely Automobile plans to build three production plants in Shandong, Hunan and Gansu, China, aiming to raise its annual production capacity by 150,000 cars. After the commencement of the plants, they will be injected into the Hong Kong-listed unit.
Geely (0175) to get asset injection
2007/03/06 11:08
(Infocast News) Geely Holding Group plans to inject auto related assets into its listing arm Geely Automobile Holdings, chairman Li Shufu said yesterday on the sidelines of the National People's congress.
The parent of Geely Automobile plans to build three production plants in Shandong, Hunan and Gansu, China, aiming to raise its annual production capacity by 150,000 cars. After the commencement of the plants, they will be injected into the Hong Kong-listed unit.
Geely seeks government approval with two production plants
Mar. 6, 2007 (China Knowledge) – Geely Holding Group, the parent of Geely Automobile Holdings <175>, is awaiting government approval on two new production plants as the company seeks to lift sales.
The new production plants are part of Geely’s plans to raise overseas sales to 15% of total sales amid rising competition at home.
Chairman Li Shufu said on the sidelines of the National People's Congress on Monday that Geely planned to build three production plants with a capacity of 50,000 cars each in Gansu province's Lanzhou, Xiangtan in Hunan province and Henan province.
The Hunan plant has won approval from the National Development and Reform Commission (NDRC).
The Xiangtan and Henan plants would target the domestic market, while production in Lanzhou would target export markets such as Russia and Central Asia, said Li.
The company, which has an overall sales target of 240,000 cars this year, sold 175,635 units last year, of which 10,000 were exported.
Copyright © 2007 http://www.chinaknowledge.com
Send feedback or comments to: news@chinaknowledge.com
For more news, financial weekly reports, business guides to China and other premium information, subscribe to China Knowledge today: http://www.chinaknowledge.com
Mar. 6, 2007 (China Knowledge) – Geely Holding Group, the parent of Geely Automobile Holdings <175>, is awaiting government approval on two new production plants as the company seeks to lift sales.
The new production plants are part of Geely’s plans to raise overseas sales to 15% of total sales amid rising competition at home.
Chairman Li Shufu said on the sidelines of the National People's Congress on Monday that Geely planned to build three production plants with a capacity of 50,000 cars each in Gansu province's Lanzhou, Xiangtan in Hunan province and Henan province.
The Hunan plant has won approval from the National Development and Reform Commission (NDRC).
The Xiangtan and Henan plants would target the domestic market, while production in Lanzhou would target export markets such as Russia and Central Asia, said Li.
The company, which has an overall sales target of 240,000 cars this year, sold 175,635 units last year, of which 10,000 were exported.
Copyright © 2007 http://www.chinaknowledge.com
Send feedback or comments to: news@chinaknowledge.com
For more news, financial weekly reports, business guides to China and other premium information, subscribe to China Knowledge today: http://www.chinaknowledge.com
Manganese Bronze H1 pretax drops 32 pct; launches TX4 cab UPDATE
LONDON (AFX) - Manganese Bronze Holdings PLC, manufacturer of the London taxi, reported a 32 pct drop in interim pretax profits for the six months to end-Jan 2007 due to costs associated with the successful roll-out of its new TX4 cab.
Interim pretax profits were 658,000 stg on revenues of 45.47 mln stg, 16 pct up a year earlier. UK taxi sales were up 21.3 pct to 1,342 vehicles.
The company said the new TX4 model has been well-received by the market, with sales in the second quarter of 747 vehicles, an increase of 40 pct compared with the same period last year.
There was a run-off cost of 700,000 stg on selling the final TXII taxis and one-off head office costs of 500,000 stg, which contributed to a drop in operating profits to 1.0 mln stg compared with 1.2 mln stg in 2006, the company said.
'We believe that continued demand for the TX4 will drive sales higher in the second half,' the company said.
In January, the company's shareholders approved the joint venture with Geely Automobile Holdings Limited to establish Shanghai LTI Automobile Company Limited to produce London taxis in Shanghai, as well as a limousine style variant of the London taxi and two large saloon cars. The joint venture has been approved by the Shanghai government, and production for the London taxi is expected to start mid-2008, the company said.
Manganese Bronze's vehicle services segment, which comprises a taxi financing division and a US servicing and advertising business, performed less well, halving profits for the period to 100,000 stg. The US business lost 400,000 stg, although the company said the business will be boosted by production from China from 2009.The company is increasing the interim dividend to 2.25 pence a share against 2 pence in 2006.
paul.sandle@thomson.com ps/lam/ps/slm
LONDON (AFX) - Manganese Bronze Holdings PLC, manufacturer of the London taxi, reported a 32 pct drop in interim pretax profits for the six months to end-Jan 2007 due to costs associated with the successful roll-out of its new TX4 cab.
Interim pretax profits were 658,000 stg on revenues of 45.47 mln stg, 16 pct up a year earlier. UK taxi sales were up 21.3 pct to 1,342 vehicles.
The company said the new TX4 model has been well-received by the market, with sales in the second quarter of 747 vehicles, an increase of 40 pct compared with the same period last year.
There was a run-off cost of 700,000 stg on selling the final TXII taxis and one-off head office costs of 500,000 stg, which contributed to a drop in operating profits to 1.0 mln stg compared with 1.2 mln stg in 2006, the company said.
'We believe that continued demand for the TX4 will drive sales higher in the second half,' the company said.
In January, the company's shareholders approved the joint venture with Geely Automobile Holdings Limited to establish Shanghai LTI Automobile Company Limited to produce London taxis in Shanghai, as well as a limousine style variant of the London taxi and two large saloon cars. The joint venture has been approved by the Shanghai government, and production for the London taxi is expected to start mid-2008, the company said.
Manganese Bronze's vehicle services segment, which comprises a taxi financing division and a US servicing and advertising business, performed less well, halving profits for the period to 100,000 stg. The US business lost 400,000 stg, although the company said the business will be boosted by production from China from 2009.The company is increasing the interim dividend to 2.25 pence a share against 2 pence in 2006.
paul.sandle@thomson.com ps/lam/ps/slm
wuscher kannst du diesen thread in geelyNEWS oder ähnliches umbenennen?
danke
danke
Natürlich
Bitte schön
nennen wir ihn so
wie du möchtest.
mfg
Bitte schön
nennen wir ihn so
wie du möchtest.
mfg
So hier wurde länger nichts mehr geschrieben… Der Artikel handelt von dem einem Importeur für chinesische Autos in Nigeria. Geelys bestreben, wie im übrigen auch das anderer chinesischer Firmen und der Regierung, Afrika als Absatzmarkt zu erschließen und so ihren Einfluss auszuweiten ist ja hinreichend bekannt.
Für alle die nicht viel über Nigeria wissen und etwas über die zukünftigen Absatzmärkte „unseres“ Unternehmens lernen wollen:
http://www.inwent.org/v-ez/lis/nigeria/seite1.htmhttp://www.welt-in-zahlen.de/laenderinformation.phtml?countr…
We are here to give Nigerians opportunity to own new cars – Seyi Oyinlola, MD/CE, Hyra Motors
By IYKE OGBONNAYA
Thursday, March 15, 2007
Geely and Foton are two brands of Chinese automobiles currently making waves in the global auto market. While some are yet to come to terms with and appreciate the reality of Chinese emerging dominance in the global market, the innovative and restless brain of Mr Seyi Oyinlola made him realise that nobody can wish away the Chinese.
Having seen a niche in the Chinese auto industry, Mr Seyi came up with the Hyra Motors organisation, which today is a sole distributor for Geely and Foton brand of vehicles all made in China.
In this chat, Mr. Seyi bared his mind on the magic behind this ground breaking move.
Background
My name is Mr Seyi Oyinlola and I’m the Managing Diretor/Executive Officer of Hyra Motors Limited. I attended Richmond International University in London where I studied Systems Engineering and Management for my barchelor’s degree. And for my master’s degree, I studied at Survex European Management School. It’s called University of Survex. I worked for a number of years in the United Kingdom as commodities broker/trader, where I was trading commodities all around the world. And it was very interesting and nice. In fact, that was one of the things that brought me where I am today. After that, I moved back to Nigeria and I set up a food manufacturing outfit. Infinity Foods, which is up and running and doing well. Now, I’m opportuned enough to be the managing dirctor of this new and massive organisation called Hyra Motors. And that is it. Growing up was good. I thank God for my parents, who gave me a good upbringing.
Going into automobile business
The company, Hyra Motors, was incorporated in 2006 with the sole purpose of representing Chinese car manufacturers in Nigeria. You can say I’m a car freek because I love cars, but what actually ignited this interest is that we saw the opportunity in the Chinese manufacturing industry. They are coming by the day. They are growing seriously. And if you look at the investment patterns as well, you will see that major auto manufacturing companies in the whole world are also investing in these companies. So, we looked at it, we were privileged enough to get distributorship for some of these cars in Nigeria.
Working relationship with partners
Hyra Motors is a holding company in Nigeria. We represent two companies; Geely and Futon. Geely manufacturer cedan cars and Futon manufacture more of commercial cars, which include 4x4. Our relationship with our Chinese partners has been fantastic. We have been doing well with them and they are keen about Nigerian market. I’m sure you have noticed acceptance from our good government as well. They have been reacting well to the Chinese. President Hu Jinato was in Nigeria once and President Olusegun Obasanjo received him and things are going well. Our partnership is growing by the day and we hope to sustain and even improve on it.
Challenges
Finance is obviously one of them, but it’s just a challenge, not a problem. We’ve sorted out and it takes you going on extra mile. Acceptability has not been a major challenge. Believe you me, Nigerians are accepting the cars. The other thing is infrastructure. It is a major challenge because we have a lot of infrastructural issues here, but slowly, we are getting there. I will like to use this medium to thank Nigerians because the response to our cars have been amazing. Let me tell you that our cars are flashy, extremely flashy at that and our slogan is "beyond value for money.
So, what you have in those cars are amazing and fantastic. And one other thing I want people to know is that the majority of the so-called designers and top brands and top names are made in China. Because of the name on it, you don’t say they are fake, but when a Chinese company comes out and say look I’m a Chinese company and these products are Chinese products, people start complaining, not knowing that there is something in them which they value so much, which is actually Chinese.
Target audience
We are targeting the corporate world and also targeting the average Nigerian. We are not here soley for the purpose of making money and all that, we are out here to give the average Nigerian the opportunity to drive a brand new car. Why must we settle for Tokunbo, why must we settle for the rejects from other countries? If these cars are affordable, then the average Nigerian can buy it. That is why we are patnering with financial institutions to make sure that you have a flexible means of paying from your annual income.
So, our target audience really is the average Nigerian. We are reaching out to the corporate world. We appreciate them, we are happy for them, but we want the average Nigerian to buy brand new cars, rather than buy Tokunbo.
Competitive edge
Some of the features in the cars include, keyless entry, which is an option with a lot of cars. You have power windows. There is air conditioning, which is a standard feature. You’ve got double air bag for both the driver and the passenger. You’ve got mud guards, you have fog lights, power side mirrors. There is also different colours and also the alarm system. In some models, you have the ABS and the leather seats. You also have the four cylinder engines and 16 valves all of which are affordable. We also give you free one year comprehensive insurance.
Maintenance culture is important. If you want your car to last in this environment, you need to maintain your car well. We have our workshop and showroom coming up in Lekki. We are spending millions to make sure we give our customers a state-of-the-art maintenance workshop and showroom. We have expatriates and Nigerians that will be manning these places, but at the moment, we have mobile workshops going on for the next four months before the showroom is ready.
The company has only been in business for about six weeks, but competitors out there know we are out, and they are jittery because we’ve started seeing people drop prices.
And so far, we’ve been shifting units. Every single day, we are shipping units out of our warehouse. Once again, we are grateful to Nigerians, who are believing in this brand.
Nigeria’s business environment
Nigeria’s business environment is a tough one, but it is getting better with democracy. Investors are coming in gradually, indicating that we are making progress. It could be better. We still have a long way to go. We need to put basic infrastructure in place because these are the things that drive the cost of a car. Ideally, the cost of a car should not be this much, but you have to spend so much money on so many other things. Gradually, but surely, we are getting there and we believe Nigeria will get there.
Future of automobile industry in Nigeria
The future of the automobile industry in Nigeria is bright. There is vast opportunities, massive opportunities for everyone there. The market leaders as you can see, are growing by the day, but what we are trying to do is to make sure we create choice for the customers. They will have a lot of choice to make from what is available at very good price. So, the future is very bright for the industry.
Why we don’t have made in Nigeria car yet
From my own point of view, the problem is infrastructure. We don’t have the required infrastructure on ground to build plants for car manufacturing and to run and make them profitable. We need the expertise and technical knowhow. Without all these in place, it will be difficult for anyone to think of manufacturing cars in Nigeria.
Implications of Chinese technological exploits
As far as we are concerned, China is going to be the next super power. It is going to be the next global power. From all indications, China is moving in the right direction. We’ve been there, we’ve seen it. Everybody from everywhere in the world is sitting in China. You go to China, you will be surprised at the kind of people speaking Chinese. Black people, white people, Asians and all that. China produces quality and affordable goods at a cheaper price.
Corporate vision of Hyra Motors
At the moment, we are focusing on being a household brand in Nigeria, to ensure that our cars, the name and the brand is just next to every Nigeria. We obviously need to be present in almost every part of Nigeria. We are working seriously on these. After that, we will start worrying about assembling in Nigeria. If you want to buy a car and you have about three hundred thousand, why don’t you give Hydra Motors a chance.
Have a chat with them and explore the possibilities of having a finance from the bank.
For those who worry, it’s a Chinese car and all of that, I say give it a chance. Millions of dollars have been invested in it, so think first. If the management of Hydra has invested millions of dollars in this business and I’m just about to invest a million Naira, who is taking the bigger risk? Because if we didn’t do our home work well, we won’t be doing that.
Für alle die nicht viel über Nigeria wissen und etwas über die zukünftigen Absatzmärkte „unseres“ Unternehmens lernen wollen:
http://www.inwent.org/v-ez/lis/nigeria/seite1.htmhttp://www.welt-in-zahlen.de/laenderinformation.phtml?countr…
We are here to give Nigerians opportunity to own new cars – Seyi Oyinlola, MD/CE, Hyra Motors
By IYKE OGBONNAYA
Thursday, March 15, 2007
Geely and Foton are two brands of Chinese automobiles currently making waves in the global auto market. While some are yet to come to terms with and appreciate the reality of Chinese emerging dominance in the global market, the innovative and restless brain of Mr Seyi Oyinlola made him realise that nobody can wish away the Chinese.
Having seen a niche in the Chinese auto industry, Mr Seyi came up with the Hyra Motors organisation, which today is a sole distributor for Geely and Foton brand of vehicles all made in China.
In this chat, Mr. Seyi bared his mind on the magic behind this ground breaking move.
Background
My name is Mr Seyi Oyinlola and I’m the Managing Diretor/Executive Officer of Hyra Motors Limited. I attended Richmond International University in London where I studied Systems Engineering and Management for my barchelor’s degree. And for my master’s degree, I studied at Survex European Management School. It’s called University of Survex. I worked for a number of years in the United Kingdom as commodities broker/trader, where I was trading commodities all around the world. And it was very interesting and nice. In fact, that was one of the things that brought me where I am today. After that, I moved back to Nigeria and I set up a food manufacturing outfit. Infinity Foods, which is up and running and doing well. Now, I’m opportuned enough to be the managing dirctor of this new and massive organisation called Hyra Motors. And that is it. Growing up was good. I thank God for my parents, who gave me a good upbringing.
Going into automobile business
The company, Hyra Motors, was incorporated in 2006 with the sole purpose of representing Chinese car manufacturers in Nigeria. You can say I’m a car freek because I love cars, but what actually ignited this interest is that we saw the opportunity in the Chinese manufacturing industry. They are coming by the day. They are growing seriously. And if you look at the investment patterns as well, you will see that major auto manufacturing companies in the whole world are also investing in these companies. So, we looked at it, we were privileged enough to get distributorship for some of these cars in Nigeria.
Working relationship with partners
Hyra Motors is a holding company in Nigeria. We represent two companies; Geely and Futon. Geely manufacturer cedan cars and Futon manufacture more of commercial cars, which include 4x4. Our relationship with our Chinese partners has been fantastic. We have been doing well with them and they are keen about Nigerian market. I’m sure you have noticed acceptance from our good government as well. They have been reacting well to the Chinese. President Hu Jinato was in Nigeria once and President Olusegun Obasanjo received him and things are going well. Our partnership is growing by the day and we hope to sustain and even improve on it.
Challenges
Finance is obviously one of them, but it’s just a challenge, not a problem. We’ve sorted out and it takes you going on extra mile. Acceptability has not been a major challenge. Believe you me, Nigerians are accepting the cars. The other thing is infrastructure. It is a major challenge because we have a lot of infrastructural issues here, but slowly, we are getting there. I will like to use this medium to thank Nigerians because the response to our cars have been amazing. Let me tell you that our cars are flashy, extremely flashy at that and our slogan is "beyond value for money.
So, what you have in those cars are amazing and fantastic. And one other thing I want people to know is that the majority of the so-called designers and top brands and top names are made in China. Because of the name on it, you don’t say they are fake, but when a Chinese company comes out and say look I’m a Chinese company and these products are Chinese products, people start complaining, not knowing that there is something in them which they value so much, which is actually Chinese.
Target audience
We are targeting the corporate world and also targeting the average Nigerian. We are not here soley for the purpose of making money and all that, we are out here to give the average Nigerian the opportunity to drive a brand new car. Why must we settle for Tokunbo, why must we settle for the rejects from other countries? If these cars are affordable, then the average Nigerian can buy it. That is why we are patnering with financial institutions to make sure that you have a flexible means of paying from your annual income.
So, our target audience really is the average Nigerian. We are reaching out to the corporate world. We appreciate them, we are happy for them, but we want the average Nigerian to buy brand new cars, rather than buy Tokunbo.
Competitive edge
Some of the features in the cars include, keyless entry, which is an option with a lot of cars. You have power windows. There is air conditioning, which is a standard feature. You’ve got double air bag for both the driver and the passenger. You’ve got mud guards, you have fog lights, power side mirrors. There is also different colours and also the alarm system. In some models, you have the ABS and the leather seats. You also have the four cylinder engines and 16 valves all of which are affordable. We also give you free one year comprehensive insurance.
Maintenance culture is important. If you want your car to last in this environment, you need to maintain your car well. We have our workshop and showroom coming up in Lekki. We are spending millions to make sure we give our customers a state-of-the-art maintenance workshop and showroom. We have expatriates and Nigerians that will be manning these places, but at the moment, we have mobile workshops going on for the next four months before the showroom is ready.
The company has only been in business for about six weeks, but competitors out there know we are out, and they are jittery because we’ve started seeing people drop prices.
And so far, we’ve been shifting units. Every single day, we are shipping units out of our warehouse. Once again, we are grateful to Nigerians, who are believing in this brand.
Nigeria’s business environment
Nigeria’s business environment is a tough one, but it is getting better with democracy. Investors are coming in gradually, indicating that we are making progress. It could be better. We still have a long way to go. We need to put basic infrastructure in place because these are the things that drive the cost of a car. Ideally, the cost of a car should not be this much, but you have to spend so much money on so many other things. Gradually, but surely, we are getting there and we believe Nigeria will get there.
Future of automobile industry in Nigeria
The future of the automobile industry in Nigeria is bright. There is vast opportunities, massive opportunities for everyone there. The market leaders as you can see, are growing by the day, but what we are trying to do is to make sure we create choice for the customers. They will have a lot of choice to make from what is available at very good price. So, the future is very bright for the industry.
Why we don’t have made in Nigeria car yet
From my own point of view, the problem is infrastructure. We don’t have the required infrastructure on ground to build plants for car manufacturing and to run and make them profitable. We need the expertise and technical knowhow. Without all these in place, it will be difficult for anyone to think of manufacturing cars in Nigeria.
Implications of Chinese technological exploits
As far as we are concerned, China is going to be the next super power. It is going to be the next global power. From all indications, China is moving in the right direction. We’ve been there, we’ve seen it. Everybody from everywhere in the world is sitting in China. You go to China, you will be surprised at the kind of people speaking Chinese. Black people, white people, Asians and all that. China produces quality and affordable goods at a cheaper price.
Corporate vision of Hyra Motors
At the moment, we are focusing on being a household brand in Nigeria, to ensure that our cars, the name and the brand is just next to every Nigeria. We obviously need to be present in almost every part of Nigeria. We are working seriously on these. After that, we will start worrying about assembling in Nigeria. If you want to buy a car and you have about three hundred thousand, why don’t you give Hydra Motors a chance.
Have a chat with them and explore the possibilities of having a finance from the bank.
For those who worry, it’s a Chinese car and all of that, I say give it a chance. Millions of dollars have been invested in it, so think first. If the management of Hydra has invested millions of dollars in this business and I’m just about to invest a million Naira, who is taking the bigger risk? Because if we didn’t do our home work well, we won’t be doing that.
wow... hier hat echt niemand mehr was zu sagen...
Antwort auf Beitrag Nr.: 28.455.116 von wgumcd am 23.03.07 16:12:47es gibt eben nichts Neues. Einfach abwarten und Tee trinken, 0der ,ich bleibe investiert,
Auf Finanznachrichten.de
gibt es neue Meldungen von
unseren Baby.
mfg
gibt es neue Meldungen von
unseren Baby.
mfg
Antwort auf Beitrag Nr.: 28.480.302 von Wuscher am 25.03.07 12:03:39@Wuscher
Danke...
mfg
Geely closer to London taxi plant
Alman Loong
Saturday, March 24, 2007
A subsidiary of Geely Automobile Holdings (0175) is developing a 500-million-yuan (HK$505.4 million) factory in Shanghai to manufacture 20,000 black London taxis annually.
Shanghai Maple, 53.19 percent owned by Geely, will construct a factory in the Fengjing Industry Park in Shanghai, Geely said in a statement to the Hong Kong Stock Exchange Friday.
The building will be leased to Shanghai LTI Automobile - Geely's joint-venture company with partner, London-based Manganese Bronze Holdings, to manufacture the cars.
Shanghai Maple also signed a leasing agreement with Shanghai LTI for 20 years. The joint venture is expected to pay 83 million yuan in rent to them over the next three years.
Manganese Bronze issued 5.7 million new shares at US$2.50 (HK$19.50) each to Geely to secure a 48 percent stake in the joint venture, while Geely paid US$27.7 million for a 51 percent stake, with Shanghai Maple taking the remaining 1 percent.
Geely also became Manganese Bronze's largest shareholder when it bought a 23 percent stake in the company.
According to a company statement, Shanghai LTI will pay 151 million yuan next year and 521 million yuan in 2009 for the right to use Shanghai Maple's machines. In addition, it will pay 107 million yuan next year and 180 million yuan in 2009 to purchase automobile parts from Shanghai Maple.
In a recent report, Merrill Lynch said it was concerned about the effect of the Shanghai LTI investment on Geely in the medium term. "We expect this joint venture will not be profitable until 2009," analyst Grace Mak said.
News@CHS@nline
Geely (0175) unit to invest RMB500M for building
2007/03/23 12:29
Geely Automobile (0175) announced that Shanghai Geely Maple Automobile Components Company Limited, the joint venture company of Geely Automobile and Manganese Bronze Holdings Plc, has entered into various trademark licence agreement, technology and Intelligent Property Right License Agreement with LTI Ltd., a wholly-owned subsidiary of Manganese Bronze.
Besides, Shanghai Maple Guorun Automobile Company Limited, a subsidiary of Geely, has entered into agreement with Shanghai LTI Automobile Components Company Limited (Shanghai LTI JV) to lease the site comprising certain parcel of land located at Fengjing Industry Park, Jinshan District, Shanghai and consisting of 440,000 square metres in area, to Shanghai LTI JV for a term of 20 years; whereby Shanghai Maple Guorun will invest approximately RMB500 million to construct certain building and purchase certain equipment, and the rent payable by Shanghai LTI JV for 2007-09 will be RMB17 million, RMB33 million and RMB33 million respectively. Shanghai Maple Guorun is owned as to 53.19% by Shanghai Maple Automobile Company Limited and 46.81% by Geely.
Furthermore, Shanghai LTI JV will purchase the components from Shanghai Maple Guorun and the annual caps paid for the two years ending 31 December 2009 is RMB151 million and RMB521 million respectively. LTI will purchase parts and components from the Shanghai LTI JV and the annual caps paid for the two years ending 31 December 2009 is RMB107 million and RMB180 million respectively. Shanghai Maple will purchase automobile parts, components and sub-assembly from the Shanghai LTI JV and the annual caps paid for the two years ending 31 December 2009 is RMB480 million and RMB2.676 billion respectively.
Shanghai Maple is owned 99% by Geely Holding Group Company Limited which is owned by Li Shufu, and 10% by Zhejiang Maple Assets Management Company Limited.
Danke...
mfg
Geely closer to London taxi plant
Alman Loong
Saturday, March 24, 2007
A subsidiary of Geely Automobile Holdings (0175) is developing a 500-million-yuan (HK$505.4 million) factory in Shanghai to manufacture 20,000 black London taxis annually.
Shanghai Maple, 53.19 percent owned by Geely, will construct a factory in the Fengjing Industry Park in Shanghai, Geely said in a statement to the Hong Kong Stock Exchange Friday.
The building will be leased to Shanghai LTI Automobile - Geely's joint-venture company with partner, London-based Manganese Bronze Holdings, to manufacture the cars.
Shanghai Maple also signed a leasing agreement with Shanghai LTI for 20 years. The joint venture is expected to pay 83 million yuan in rent to them over the next three years.
Manganese Bronze issued 5.7 million new shares at US$2.50 (HK$19.50) each to Geely to secure a 48 percent stake in the joint venture, while Geely paid US$27.7 million for a 51 percent stake, with Shanghai Maple taking the remaining 1 percent.
Geely also became Manganese Bronze's largest shareholder when it bought a 23 percent stake in the company.
According to a company statement, Shanghai LTI will pay 151 million yuan next year and 521 million yuan in 2009 for the right to use Shanghai Maple's machines. In addition, it will pay 107 million yuan next year and 180 million yuan in 2009 to purchase automobile parts from Shanghai Maple.
In a recent report, Merrill Lynch said it was concerned about the effect of the Shanghai LTI investment on Geely in the medium term. "We expect this joint venture will not be profitable until 2009," analyst Grace Mak said.
News@CHS@nline
Geely (0175) unit to invest RMB500M for building
2007/03/23 12:29
Geely Automobile (0175) announced that Shanghai Geely Maple Automobile Components Company Limited, the joint venture company of Geely Automobile and Manganese Bronze Holdings Plc, has entered into various trademark licence agreement, technology and Intelligent Property Right License Agreement with LTI Ltd., a wholly-owned subsidiary of Manganese Bronze.
Besides, Shanghai Maple Guorun Automobile Company Limited, a subsidiary of Geely, has entered into agreement with Shanghai LTI Automobile Components Company Limited (Shanghai LTI JV) to lease the site comprising certain parcel of land located at Fengjing Industry Park, Jinshan District, Shanghai and consisting of 440,000 square metres in area, to Shanghai LTI JV for a term of 20 years; whereby Shanghai Maple Guorun will invest approximately RMB500 million to construct certain building and purchase certain equipment, and the rent payable by Shanghai LTI JV for 2007-09 will be RMB17 million, RMB33 million and RMB33 million respectively. Shanghai Maple Guorun is owned as to 53.19% by Shanghai Maple Automobile Company Limited and 46.81% by Geely.
Furthermore, Shanghai LTI JV will purchase the components from Shanghai Maple Guorun and the annual caps paid for the two years ending 31 December 2009 is RMB151 million and RMB521 million respectively. LTI will purchase parts and components from the Shanghai LTI JV and the annual caps paid for the two years ending 31 December 2009 is RMB107 million and RMB180 million respectively. Shanghai Maple will purchase automobile parts, components and sub-assembly from the Shanghai LTI JV and the annual caps paid for the two years ending 31 December 2009 is RMB480 million and RMB2.676 billion respectively.
Shanghai Maple is owned 99% by Geely Holding Group Company Limited which is owned by Li Shufu, and 10% by Zhejiang Maple Assets Management Company Limited.
China's Geely hits SA26/03/2007 11:46
Chinese manufacturer Geely's products will soon be available in South Africa, starting with the CK1, due here by mid 2007.
After entering into a joint venture with TJM Holdings to form Geely South Africa, Geely International Corporation's passenger car brand is entering the competitive local market.
The CK1 range, which is offered across the globe in with engine displacements ranging from 1.3- to 1.6-litre, will comply with local SABS homologation standards.
Dealers are being established countrywide with a support infrastructure that should be able to provide immediate after sales support.
Local production
Also, recognising South Africa's market potential and international trade relations, Geely plans to set up a local assembly plant that will become a global manufacturing base. The plant will supply vehicles for the local and export markets.
Geely's presence forms part of the new wave of passenger and commercial vehicle offerings from China being sold in South Africa. The Chinese manufacturer is established in 40 countries and in 2006 recorded a 110% increase in its export volume.
Given this growth in exports, the Chinese government recently introduced legislation that ensures the quality of vehicles exported and also ensures manufacturers provide the necessary service facilities in foreign markets.
Geely complies with this legislation and has received the Chinese government's approval to export its products.
http://www.wheels24.co.za/Wheels24/News/Industry_News/0,6119…
Chinese manufacturer Geely's products will soon be available in South Africa, starting with the CK1, due here by mid 2007.
After entering into a joint venture with TJM Holdings to form Geely South Africa, Geely International Corporation's passenger car brand is entering the competitive local market.
The CK1 range, which is offered across the globe in with engine displacements ranging from 1.3- to 1.6-litre, will comply with local SABS homologation standards.
Dealers are being established countrywide with a support infrastructure that should be able to provide immediate after sales support.
Local production
Also, recognising South Africa's market potential and international trade relations, Geely plans to set up a local assembly plant that will become a global manufacturing base. The plant will supply vehicles for the local and export markets.
Geely's presence forms part of the new wave of passenger and commercial vehicle offerings from China being sold in South Africa. The Chinese manufacturer is established in 40 countries and in 2006 recorded a 110% increase in its export volume.
Given this growth in exports, the Chinese government recently introduced legislation that ensures the quality of vehicles exported and also ensures manufacturers provide the necessary service facilities in foreign markets.
Geely complies with this legislation and has received the Chinese government's approval to export its products.
http://www.wheels24.co.za/Wheels24/News/Industry_News/0,6119…
Geely Sets Up Joint Inland Ventures
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All Associated Press News
SHANGHAI, China (AP) - Geely Automobile said Tuesday it has set up two joint ventures with a sister company to build and sell economy cars in inland provinces where the labor costs are low and sales are just beginning to take off.
In a notice to the Hong Kong Stock Exchange, the Chinese automaker said the ventures were planned to tap continued strong growth in demand for "fuel-efficient and easy-to-maintain economy sedans."
Geely Automobile, based in Zhejiang province near Shanghai, said it plans to spend US$75 million (euro56 million) on each of the ventures, to be built in central China's Hunan province and in Gansu, in the northwest.
The Hunan venture will be 53.19 percent owned by Zhejiang Haoqing, a Geely subsidiary, and 46.81 percent owned by Centurion Industries Ltd., a holding company registered in the British Virgin Islands that is wholly owned by Geely.
The Gansu venture, to be based near the provincial capital of Lanzhou, will be 53.19 percent held by Zhejiang Geely Merrie and 46.81 percent by Centurion, it said. All companies involved are controlled by Geely's chairman and founder Li Shufu.
Geely has vowed to overcome technical hurdles and the negative image of Chinese manufacturing to begin selling a low-priced family sedan in the United States by 2008. While trying to expand overseas, it also is focusing on the fastest growing segment of the domestic market -- affordable economy cars.
The company, whose name denotes good luck in Chinese, was founded in 1986 and is one of China's few privately held auto companies.
© 2007 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Back to News Home
Nanjing Auto Rolls Out First `Made-in-China' MG Cars (Update3) By Irene Shen
March 27 (Bloomberg) -- Nanjing Automobile Group Corp. unveiled its made-in-China MG sports cars and sedans today, the first step in a plan to use the iconic British brand as a platform for global expansion.
China's oldest automaker introduced the 1.8 liter MG TF roadster and the MG 7295 and 7275 sedans at its 3.5 billion yuan ($450 million) plant near eastern Nanjing city today. The brand, renamed `Ming Jue' or `Modern Gentleman', will go on sale in China in the second half of the year.
Nanjing Auto, SAIC Motor Corp. and other automakers have added their own brands and begun targeting overseas sales, as increasing competition squeezes profit margins in the world's second-largest auto market. MG's new owner plans to invest $2 billion in the brand, including opening U.K. and U.S. plants.
``MG, as an established brand worldwide, will help Nanjing Auto attract customers' attention,'' said Huang Zherui, an analyst at CSM Asia, which advises carmakers in China.
Companies in China, a country with more than $1 trillion in foreign reserves, have bought overseas rivals to gain technologies and brands that will help them expand overseas. Lenovo Group Ltd. paid $1.25 billion for International Business Machines Corp.'s PC unit in 2005. TCL Corp. bought German TV- maker Schneider Electronics AG in 2002.
MG Rover Collapse
Nanjing Auto bought the MG brand and other assets for $97 million in 2005, after the collapse of the U.K. automaker MG Rover Group Ltd. SAIC Motor, a General Motors Corp. and Volkswagen AG partner, bought the design rights for two MG Rover models and K-series engines for 67 million pounds ($130 million).
Nanjing Auto plans to start making MG TF Coupes in Ardmore, Oklahoma in May or June 2008, it said in July. The closely held carmaker will also build MG TF roadster convertibles at a former MG factory in Longbridge, England for sale in Europe this year. The roadster, a coupe and a sedan will go on sale in the U.S. next year, Duke T. Hale, MG Motors North America Inc.'s chief executive officer, said in July.
``Japanese automakers took 30 years'' to begin overseas sales, while ``Korean automakers took 20 years,'' Wang Haoliang, Nanjing Auto's chairman said at a ceremony today. ``We are much faster.''
The automaker aims to sell as much as 60 percent of its MG cars overseas, president Yu Jianwei told reporters today without providing a timeframe. The company is in talks with strategic overseas investors, he added, without elaboration.
Nanjing Auto
Nanjing Auto was founded in 1947, according to its Web site. Its main products are trucks and buses, as well as Fiat SpA Palio and Siena cars. It made a profit of about 50 million yuan ($6.5 million) last year, compared with a year earlier loss, the Shanghai Securities News said on Jan. 31, citing Yu.
The automaker's MG plant has an annual capacity of 200,000 cars, 250,000 engines and 100,000 gearboxes. The company plans to open a research center in Longbridge, Wang said today, without elaboration. Its plans to open a factory in the town have been approved by China's top planning agency, Yu said.
Nanjing Auto is pitching for up to 3 billion yuan of government subsidies and bank loans to support its MG plans.
The first ever MG car was built at Morris Garages in Oxford, England in the 1920's, according to chicagolandmgclub.com. The automaker built a series of two-seater sports cars including the T-Series and the MGB, an icon of the 1960s and 1970s.
The company was absorbed into British Motor Corp. in 1952, the start of a series of mergers in the U.K. car industry. The brand ended up as part of MG Rover, which collapsed in 2005 with debts of 1.4 billion pounds ($2.7 billion).
Economic Growth
China's economic growth has averaged about 10 percent for the past four years, making cars affordable to more people. Vehicle sales rose 25 percent last year to 7.22 million, as China surpassed Japan as the world's biggest auto market behind the U.S.
Still, rising competition has depressed Chinese automakers' profit margins to 3.1 percent last year from 9 percent in 2003, according to Bloomberg calculations based on numbers on the China Association of Automotive Manufacturers' Web site. Selling own- brand models means that a carmaker no longer needs to share its profits with an overseas partner.
SAIC Motor, China's largest automaker, has spent at least $600 million since 2002 buying overseas rivals and plants to develop brands independently of GM and Volkswagen.
The company sold about 4,000 Roewe 750s, based on the Rover 75, in China within the first five months of sales, President Chen Hong said on March 8. It aims to sell more than 200,000 passenger cars and 400,000 buses and trucks a year under its own brands by 2010.
Geely Auto
Geely Automobile Holdings Ltd., China's largest privately owned carmaker, is targeting sales of 240,000 Geely and Maple sedans this year, including 20,000 overseas. It has also agreed to buy a 23 percent stake in Manganese Bronze Holdings Plc, the largest maker of London black taxis, and to form a cab-making venture in Shanghai.
Chery Automobile Co., which has production partners in Iran, Malaysia, Bangladesh and Argentina, plans to boost its sales 29 percent to 393,000 vehicles this year. DaimlerChrysler AG's Chrysler unit has also picked it to make cars for sale in the U.S.
Up to 26 percent of the cars made in China last year were designed locally or modified from imported models, according to the automakers' association.
To contact the reporter on this story: Irene Shen in Shanghai at ishen4@bloomberg.net
Last Updated: March 27, 2007 03:17 EDT
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All Associated Press News
SHANGHAI, China (AP) - Geely Automobile said Tuesday it has set up two joint ventures with a sister company to build and sell economy cars in inland provinces where the labor costs are low and sales are just beginning to take off.
In a notice to the Hong Kong Stock Exchange, the Chinese automaker said the ventures were planned to tap continued strong growth in demand for "fuel-efficient and easy-to-maintain economy sedans."
Geely Automobile, based in Zhejiang province near Shanghai, said it plans to spend US$75 million (euro56 million) on each of the ventures, to be built in central China's Hunan province and in Gansu, in the northwest.
The Hunan venture will be 53.19 percent owned by Zhejiang Haoqing, a Geely subsidiary, and 46.81 percent owned by Centurion Industries Ltd., a holding company registered in the British Virgin Islands that is wholly owned by Geely.
The Gansu venture, to be based near the provincial capital of Lanzhou, will be 53.19 percent held by Zhejiang Geely Merrie and 46.81 percent by Centurion, it said. All companies involved are controlled by Geely's chairman and founder Li Shufu.
Geely has vowed to overcome technical hurdles and the negative image of Chinese manufacturing to begin selling a low-priced family sedan in the United States by 2008. While trying to expand overseas, it also is focusing on the fastest growing segment of the domestic market -- affordable economy cars.
The company, whose name denotes good luck in Chinese, was founded in 1986 and is one of China's few privately held auto companies.
© 2007 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Back to News Home
Nanjing Auto Rolls Out First `Made-in-China' MG Cars (Update3) By Irene Shen
March 27 (Bloomberg) -- Nanjing Automobile Group Corp. unveiled its made-in-China MG sports cars and sedans today, the first step in a plan to use the iconic British brand as a platform for global expansion.
China's oldest automaker introduced the 1.8 liter MG TF roadster and the MG 7295 and 7275 sedans at its 3.5 billion yuan ($450 million) plant near eastern Nanjing city today. The brand, renamed `Ming Jue' or `Modern Gentleman', will go on sale in China in the second half of the year.
Nanjing Auto, SAIC Motor Corp. and other automakers have added their own brands and begun targeting overseas sales, as increasing competition squeezes profit margins in the world's second-largest auto market. MG's new owner plans to invest $2 billion in the brand, including opening U.K. and U.S. plants.
``MG, as an established brand worldwide, will help Nanjing Auto attract customers' attention,'' said Huang Zherui, an analyst at CSM Asia, which advises carmakers in China.
Companies in China, a country with more than $1 trillion in foreign reserves, have bought overseas rivals to gain technologies and brands that will help them expand overseas. Lenovo Group Ltd. paid $1.25 billion for International Business Machines Corp.'s PC unit in 2005. TCL Corp. bought German TV- maker Schneider Electronics AG in 2002.
MG Rover Collapse
Nanjing Auto bought the MG brand and other assets for $97 million in 2005, after the collapse of the U.K. automaker MG Rover Group Ltd. SAIC Motor, a General Motors Corp. and Volkswagen AG partner, bought the design rights for two MG Rover models and K-series engines for 67 million pounds ($130 million).
Nanjing Auto plans to start making MG TF Coupes in Ardmore, Oklahoma in May or June 2008, it said in July. The closely held carmaker will also build MG TF roadster convertibles at a former MG factory in Longbridge, England for sale in Europe this year. The roadster, a coupe and a sedan will go on sale in the U.S. next year, Duke T. Hale, MG Motors North America Inc.'s chief executive officer, said in July.
``Japanese automakers took 30 years'' to begin overseas sales, while ``Korean automakers took 20 years,'' Wang Haoliang, Nanjing Auto's chairman said at a ceremony today. ``We are much faster.''
The automaker aims to sell as much as 60 percent of its MG cars overseas, president Yu Jianwei told reporters today without providing a timeframe. The company is in talks with strategic overseas investors, he added, without elaboration.
Nanjing Auto
Nanjing Auto was founded in 1947, according to its Web site. Its main products are trucks and buses, as well as Fiat SpA Palio and Siena cars. It made a profit of about 50 million yuan ($6.5 million) last year, compared with a year earlier loss, the Shanghai Securities News said on Jan. 31, citing Yu.
The automaker's MG plant has an annual capacity of 200,000 cars, 250,000 engines and 100,000 gearboxes. The company plans to open a research center in Longbridge, Wang said today, without elaboration. Its plans to open a factory in the town have been approved by China's top planning agency, Yu said.
Nanjing Auto is pitching for up to 3 billion yuan of government subsidies and bank loans to support its MG plans.
The first ever MG car was built at Morris Garages in Oxford, England in the 1920's, according to chicagolandmgclub.com. The automaker built a series of two-seater sports cars including the T-Series and the MGB, an icon of the 1960s and 1970s.
The company was absorbed into British Motor Corp. in 1952, the start of a series of mergers in the U.K. car industry. The brand ended up as part of MG Rover, which collapsed in 2005 with debts of 1.4 billion pounds ($2.7 billion).
Economic Growth
China's economic growth has averaged about 10 percent for the past four years, making cars affordable to more people. Vehicle sales rose 25 percent last year to 7.22 million, as China surpassed Japan as the world's biggest auto market behind the U.S.
Still, rising competition has depressed Chinese automakers' profit margins to 3.1 percent last year from 9 percent in 2003, according to Bloomberg calculations based on numbers on the China Association of Automotive Manufacturers' Web site. Selling own- brand models means that a carmaker no longer needs to share its profits with an overseas partner.
SAIC Motor, China's largest automaker, has spent at least $600 million since 2002 buying overseas rivals and plants to develop brands independently of GM and Volkswagen.
The company sold about 4,000 Roewe 750s, based on the Rover 75, in China within the first five months of sales, President Chen Hong said on March 8. It aims to sell more than 200,000 passenger cars and 400,000 buses and trucks a year under its own brands by 2010.
Geely Auto
Geely Automobile Holdings Ltd., China's largest privately owned carmaker, is targeting sales of 240,000 Geely and Maple sedans this year, including 20,000 overseas. It has also agreed to buy a 23 percent stake in Manganese Bronze Holdings Plc, the largest maker of London black taxis, and to form a cab-making venture in Shanghai.
Chery Automobile Co., which has production partners in Iran, Malaysia, Bangladesh and Argentina, plans to boost its sales 29 percent to 393,000 vehicles this year. DaimlerChrysler AG's Chrysler unit has also picked it to make cars for sale in the U.S.
Up to 26 percent of the cars made in China last year were designed locally or modified from imported models, according to the automakers' association.
To contact the reporter on this story: Irene Shen in Shanghai at ishen4@bloomberg.net
Last Updated: March 27, 2007 03:17 EDT
Geld druck Maschiene
DJ MARKET TALK: JV Deals To Aid Geely's Western China Sales-Bear Mar 28, 2007 09:38
0927 [Dow Jones] STOCK CALL: Geely Auto's (0175.HK [News / Quote]) JV agreements to set up Hunan Geely and Lanzhou Geely should help Geely increase sales in western China by lowering its logistics costs there, says Bear Stearns; adds Lanzhou factory could also serve as CKD factory for Geely's CKD exports to Russia; 'we also believe western China is a promising market for Geely due to less local competition and a less affluent customer base that should find Geely's vehicles attractive.' Has Outperform call. Stock +7.4% at HK$1.02 yesterday.(SMG) Contact us in Hong Kong. 852 2802 7002; MarketTalk@dowjones.com
Reichtum kann so einfach sein
DJ MARKET TALK: JV Deals To Aid Geely's Western China Sales-Bear Mar 28, 2007 09:38
0927 [Dow Jones] STOCK CALL: Geely Auto's (0175.HK [News / Quote]) JV agreements to set up Hunan Geely and Lanzhou Geely should help Geely increase sales in western China by lowering its logistics costs there, says Bear Stearns; adds Lanzhou factory could also serve as CKD factory for Geely's CKD exports to Russia; 'we also believe western China is a promising market for Geely due to less local competition and a less affluent customer base that should find Geely's vehicles attractive.' Has Outperform call. Stock +7.4% at HK$1.02 yesterday.(SMG) Contact us in Hong Kong. 852 2802 7002; MarketTalk@dowjones.com
Reichtum kann so einfach sein
News@CHS@nline
Geely (0175) '06 NP $209M, up 88%; div $0.012
2007/04/12 10:02
(Infocast News) Geely Automobile Holdings Limited (0175) posted a net profit of $208.752 million for 2006, up 88.36% from a year ago. The EPS were $0.505. A final dividend and a special dividend of $0.01 and $0.002 per share respectively were declared.
News@CHS@nline
Geely (0175) 2H06 net profit $88M
2007/04/12 12:15
(Infocast News) Geely Automobile Holdings Limited (0175) announced that net profit for 2006 increased by 88.36% to $209 million. Based on the net profit of $120.7 million during the first half of the year, the company earned just $88.052 million in the second-half.
The carmaker recorded the fair value loss of $4.742 million on embedded derivative components of convertible bonds.
Amid fierce price competition in China's economy sedan market, the associates of the carmaker decided to reduce the retail prices of most of their models by 5-10% during 2006. Despite the challenges and difficulties, the associates still managed to achieve respectable results for the full year period in 2006, helped by a more stable raw material prices, and the continued strong demand for "Free Cruiser" and the encouraging response to new products like "Geely Kingkong" and "Vision".
In 2006, sales of higher priced models like "Free Cruiser", "Geely Kingkong" and "Vision" series accounted for around 40% of the group's total sales volume, a significant improvement from less than 20% in 2005. The sales volume of sedans amounted to 175,635 units, up 32% over 2005, maintaining the market share in China's passenger car market at around 4.6% in 2006. The group's market shares increased to 5% in 2007 with total contracted sales volume of 240,000 units, up 37% on year. The group said that it would achieve to raise its shareholdings in the associates to over 50% (Geely's current shareholding is 46.8%).
As at 31 December 2006, the group's gearing ratio was 69.5%. The group expected growth of China's sedan sales volume to be maintained at around 20% in the coming few years. Total sales volume of passenger cars in China increased by 37% in 2006.
Geely's 51%-owned parts subsidiary Zhejiang Fulin Guorun Automobile Parts recorded a healthy increase in net profit by 14% to RMB11 million.
Geely (0175) '06 NP $209M, up 88%; div $0.012
2007/04/12 10:02
(Infocast News) Geely Automobile Holdings Limited (0175) posted a net profit of $208.752 million for 2006, up 88.36% from a year ago. The EPS were $0.505. A final dividend and a special dividend of $0.01 and $0.002 per share respectively were declared.
News@CHS@nline
Geely (0175) 2H06 net profit $88M
2007/04/12 12:15
(Infocast News) Geely Automobile Holdings Limited (0175) announced that net profit for 2006 increased by 88.36% to $209 million. Based on the net profit of $120.7 million during the first half of the year, the company earned just $88.052 million in the second-half.
The carmaker recorded the fair value loss of $4.742 million on embedded derivative components of convertible bonds.
Amid fierce price competition in China's economy sedan market, the associates of the carmaker decided to reduce the retail prices of most of their models by 5-10% during 2006. Despite the challenges and difficulties, the associates still managed to achieve respectable results for the full year period in 2006, helped by a more stable raw material prices, and the continued strong demand for "Free Cruiser" and the encouraging response to new products like "Geely Kingkong" and "Vision".
In 2006, sales of higher priced models like "Free Cruiser", "Geely Kingkong" and "Vision" series accounted for around 40% of the group's total sales volume, a significant improvement from less than 20% in 2005. The sales volume of sedans amounted to 175,635 units, up 32% over 2005, maintaining the market share in China's passenger car market at around 4.6% in 2006. The group's market shares increased to 5% in 2007 with total contracted sales volume of 240,000 units, up 37% on year. The group said that it would achieve to raise its shareholdings in the associates to over 50% (Geely's current shareholding is 46.8%).
As at 31 December 2006, the group's gearing ratio was 69.5%. The group expected growth of China's sedan sales volume to be maintained at around 20% in the coming few years. Total sales volume of passenger cars in China increased by 37% in 2006.
Geely's 51%-owned parts subsidiary Zhejiang Fulin Guorun Automobile Parts recorded a healthy increase in net profit by 14% to RMB11 million.
Der Widerstand bei 0.10€ dürfte nächste Woche
wohl Geschichte sein.
Dan dürfte es wohl sehr schnell gen 0.20€ gehen.
Ich sage nur Kaufen bevor es zu spät ist.
Das Baby wird uns in naher Zukunft noch sehr viel
Freude bereiten.
mfg
wohl Geschichte sein.
Dan dürfte es wohl sehr schnell gen 0.20€ gehen.
Ich sage nur Kaufen bevor es zu spät ist.
Das Baby wird uns in naher Zukunft noch sehr viel
Freude bereiten.
mfg
Und hier die Begründung
Home >> Business
UPDATED: 15:03, April 22, 2007
China's Geely unveils version of London "Black Cab" cars in Shanghai auto show
font size ZoomIn ZoomOut
The first Chinese-made model of the reputed London taxi "Black Cab" debuted at the 12th Shanghai Automobile and Technology Exhibition on Saturday.
Li Shufu, chairman of Geely Automobile and K. Russell, CEO of Manganese Bronze Holdings, unveiled the model car at the auto show,which formally opens on Sunday.
Geely signed with Manganese Bronze Holdings, manufacturer of the famous London taxi, an agreement in October last year to jointly produce the taxi. Geely plans to formally produce models of the cab from 2008 in a new facility adjacent to its automobile production base in Shanghai.
A total of 20,000 "Black Cabs" will be produced a year in Shanghai, according to Geely.
Geely will sell the cars in Asia, while Manganese Bronze, which invested 19.85 million pounds in the joint venture, will sell the cars to markets outside Asia.
The cars will cost between 150,000 and 200,000 yuan (about 19,400 to 25,900 U.S. dollars), or about half of the price in Britain, according to Geely.
"The design of the cars has inherited features of the 'Black Cab'. For example, physically-challenged people can get into the car through a slide board from the back, without getting off their wheelchairs." said a staff from Geely at the show.
The "Black Cab", which was put into production in 1948 in Britain, is famous for its spacious design and long endurance. It has become an iconic vehicle on London streets
After the Chinese model hit market, the cab is expected to be a commonly-seen landscape in Chinese cities.
"We believe the joint venture can create significant value for shareholders of both sides and we look forward to a promising export prospect." said Li Shufu.
Geely Automobile Holdings, which began production in 1996 and is now the country's largest privately-owned automaker, has sold 175,635 cars in two local subsidiaries last year.
Source: Xinhua
mfg
Home >> Business
UPDATED: 15:03, April 22, 2007
China's Geely unveils version of London "Black Cab" cars in Shanghai auto show
font size ZoomIn ZoomOut
The first Chinese-made model of the reputed London taxi "Black Cab" debuted at the 12th Shanghai Automobile and Technology Exhibition on Saturday.
Li Shufu, chairman of Geely Automobile and K. Russell, CEO of Manganese Bronze Holdings, unveiled the model car at the auto show,which formally opens on Sunday.
Geely signed with Manganese Bronze Holdings, manufacturer of the famous London taxi, an agreement in October last year to jointly produce the taxi. Geely plans to formally produce models of the cab from 2008 in a new facility adjacent to its automobile production base in Shanghai.
A total of 20,000 "Black Cabs" will be produced a year in Shanghai, according to Geely.
Geely will sell the cars in Asia, while Manganese Bronze, which invested 19.85 million pounds in the joint venture, will sell the cars to markets outside Asia.
The cars will cost between 150,000 and 200,000 yuan (about 19,400 to 25,900 U.S. dollars), or about half of the price in Britain, according to Geely.
"The design of the cars has inherited features of the 'Black Cab'. For example, physically-challenged people can get into the car through a slide board from the back, without getting off their wheelchairs." said a staff from Geely at the show.
The "Black Cab", which was put into production in 1948 in Britain, is famous for its spacious design and long endurance. It has become an iconic vehicle on London streets
After the Chinese model hit market, the cab is expected to be a commonly-seen landscape in Chinese cities.
"We believe the joint venture can create significant value for shareholders of both sides and we look forward to a promising export prospect." said Li Shufu.
Geely Automobile Holdings, which began production in 1996 and is now the country's largest privately-owned automaker, has sold 175,635 cars in two local subsidiaries last year.
Source: Xinhua
mfg
Wie ich schon sagte
die 0.10 € sind wohl Vergangenheit.
Und nun geht sie ab die Luzie.
Der Markt Eintritt in Europa und USA
rückt immer näher und die geplanten neuen
Modelle werden ihr übriges dazu tun um den Kurs
schneller als gedacht gen Norden zu schicken.
Es bleibt also nicht mehr viel Zeit um ein
zu steigen.
die 0.10 € sind wohl Vergangenheit.
Und nun geht sie ab die Luzie.
Der Markt Eintritt in Europa und USA
rückt immer näher und die geplanten neuen
Modelle werden ihr übriges dazu tun um den Kurs
schneller als gedacht gen Norden zu schicken.
Es bleibt also nicht mehr viel Zeit um ein
zu steigen.
Günstig war gestern.
Der Zug rollt an noch ist Zeit.
Aber sicher nicht mehr lange.
Der Zug rollt an noch ist Zeit.
Aber sicher nicht mehr lange.
Und wo rollt der zug hin? Hätte mal gern ne einschätzung wieviel geely bald wert ist. Danke für eine konstruktive antwort.
Antwort auf Beitrag Nr.: 29.281.585 von Madmission am 12.05.07 15:27:55Einfach mal alles geschriebene durch ackern
dann kommst du sicher selber drauf.
mfg
dann kommst du sicher selber drauf.
mfg
Ist ja interessant aber bis ende 2007 o,50€ ist doch etwas euporisch? Und für die nächsten 10-20 jahre.
Bin drauf gekommen. Blöde fragerei. Trotzdem, bin sehr gespannt was die zukunft bringt. Ek 0,0941 ist auch noch ganz gut.
http://online.wsj.com/article/SB117909389600001361.html?mod=…
Big Goals Fuel Shift
At Geely AutomobileFirm Is Targeting
Overseas Markets,
Upper-End Models
By ELLEN ZHU
May 14, 2007; Page C6
SHANGHAI -- To bet on China's booming auto market, investors can buy shares of a number of state-controlled car makers that produce vehicles in ventures with international companies -- including Brilliance China Automotive, the local partner of BMW, and Shanghai Automotive, which has tie-ups with General Motors and Volkswagen.
But there is another choice that may be worth a closer look: Geely Automobile Holdings, China's biggest private (read: not state controlled) auto maker.
Geely, which started making cars in 1999, has been going it alone until recently, focusing exclusively on building its own brand for the Chinese mass market. Shares of Geely reached a 52-week high of HK$1.18 (15 U.S. cents) during trading Feb. 15 before tumbling to close at 85 Hong Kong cents on March 5. After announcing 2006 profit growth of 88% in early April, the stock rebounded. On Friday, shares were unchanged at HK$1.06 each.
After establishing itself in the mainland's burgeoning market for economy cars, Geely is shifting its focus and raising its ambition. It plans to roll out upper-end vehicles, expand sales in overseas markets and acquire more auto-manufacturing plants from its parent, Geely Holdings Group, based in Zhejiang province. These initiatives should serve as catalysts to lift the company's profit margins and make the shares more attractive, analysts say.
"We think the stock will benefit from improving fundamentals and potential for acquisitions," wrote Grace Mak, an analyst at Merrill Lynch in Hong Kong, in an April report. She upgraded Geely to a "buy" from "neutral," with a 12-month price target of HK$1.30. Before then, Ms. Mak was expecting the price to hit HK$1.10.
Last year, Geely sold about 200,000 cars. The company hopes to sell two million vehicles a year by 2015, with two-thirds of them being exported. But at the moment, the still-hot growth of China's domestic car market is driving growth.
With demand for affordable cars growing in China's less-affluent cities, Geely will soon open plants in the western city of Lanzhou and in central Hunan province. The Lanzhou factory, which will make one of the company's best-selling sedans, the Free Cruiser, will also export to Russia.
Two other midsize sedans, the Jin Gang and the Vision, are expected to see higher sales as well. More high-end vehicles are in the works, including the iconic London black taxi and sedans with larger engines that Geely will roll out from its Shanghai-based joint venture with Manganese Bronze Holdings. They will be for domestic sale and export.
In an effort to break into more profitable markets in the U.S. and Europe, Geely recently hired a former DaimlerChrysler engineering executive, Zhao Fuquan, to spearhead its efforts to build cars aimed at those places.
"We are now studying the characteristics of the American and European markets," says Li Shufu, chairman of Geely. "We want to bring Chinese cars to the whole world."
In the Chinese market, heightened competition among multinational auto makers and a swarm of domestic manufacturers has sparked a price war -- which often pressures profit margins. In recent years, average car prices have fallen about 7% a year. In the first quarter of 2007, prices dropped 5%, says Kevin Wale, president of GM's China operations.
But Charles Cheung, an analyst with Citigroup in Hong Kong, says Geely remains "less aggressive in price cuts compared to its competitors" and "continues to be a price follower rather than leading the price cuts." Mr. Cheung has a 12-month target price of HK$1.33 for Geely shares.
Mr. Cheung also has a positive view of other Chinese auto makers, including Brilliance and Dongfeng Motor Group and Denway Motors. These firms all have ventures that produce vehicles with foreign partners. Some also produce cars under their own brand names.
For Geely, operating-profit margin increased to 8.8% last year, compared with 6.5% in 2005, as the company "steered its product mix towards high-end models," wrote Ms. Mak of Merrill Lynch.
"Geely's sales may not have increased as fast as those of domestic rivals...but profit-making is always a top priority for a private company. They are making steady progress," says Dong Jianhua, an analyst at Southwest Securities in Beijing. Mr. Dong says Geely has good control of the company's profitability, with well-planned capacity expansion and stable car prices.
At present, Geely holds a 46.8% share in each of the four vehicle-manufacturing plants in China and 51% of a parts company. The other shares are held by the parent company, which intends to gradually inject its stakes into the listed unit. "We're going through relevant laws and regulations here and in Hong Kong," says Mr. Li, Geely's chairman. "If all goes well, it can be achieved within this year."
Analysts say Geely's low-cost advantage at parts sourcing and inexpensive self-developed key components such as auto transmissions and engines help it offset the intensifying price pressure. Analysts predict the acquisitions, likely through new share issuance, will boost Geely's earnings per share.
China's crowded auto market, with more than 100 players, is causing some analysts to worry about profit health, especially compared with companies in other hot sectors such as banking, oil and steel.
"The auto industry was at its golden age and its peak about two to three years ago. Right now, competition is very fierce," says Winson Fong, head of greater China equities with SG Asset Management in Hong Kong. SG recently sold its holdings in Geely.
Big Goals Fuel Shift
At Geely AutomobileFirm Is Targeting
Overseas Markets,
Upper-End Models
By ELLEN ZHU
May 14, 2007; Page C6
SHANGHAI -- To bet on China's booming auto market, investors can buy shares of a number of state-controlled car makers that produce vehicles in ventures with international companies -- including Brilliance China Automotive, the local partner of BMW, and Shanghai Automotive, which has tie-ups with General Motors and Volkswagen.
But there is another choice that may be worth a closer look: Geely Automobile Holdings, China's biggest private (read: not state controlled) auto maker.
Geely, which started making cars in 1999, has been going it alone until recently, focusing exclusively on building its own brand for the Chinese mass market. Shares of Geely reached a 52-week high of HK$1.18 (15 U.S. cents) during trading Feb. 15 before tumbling to close at 85 Hong Kong cents on March 5. After announcing 2006 profit growth of 88% in early April, the stock rebounded. On Friday, shares were unchanged at HK$1.06 each.
After establishing itself in the mainland's burgeoning market for economy cars, Geely is shifting its focus and raising its ambition. It plans to roll out upper-end vehicles, expand sales in overseas markets and acquire more auto-manufacturing plants from its parent, Geely Holdings Group, based in Zhejiang province. These initiatives should serve as catalysts to lift the company's profit margins and make the shares more attractive, analysts say.
"We think the stock will benefit from improving fundamentals and potential for acquisitions," wrote Grace Mak, an analyst at Merrill Lynch in Hong Kong, in an April report. She upgraded Geely to a "buy" from "neutral," with a 12-month price target of HK$1.30. Before then, Ms. Mak was expecting the price to hit HK$1.10.
Last year, Geely sold about 200,000 cars. The company hopes to sell two million vehicles a year by 2015, with two-thirds of them being exported. But at the moment, the still-hot growth of China's domestic car market is driving growth.
With demand for affordable cars growing in China's less-affluent cities, Geely will soon open plants in the western city of Lanzhou and in central Hunan province. The Lanzhou factory, which will make one of the company's best-selling sedans, the Free Cruiser, will also export to Russia.
Two other midsize sedans, the Jin Gang and the Vision, are expected to see higher sales as well. More high-end vehicles are in the works, including the iconic London black taxi and sedans with larger engines that Geely will roll out from its Shanghai-based joint venture with Manganese Bronze Holdings. They will be for domestic sale and export.
In an effort to break into more profitable markets in the U.S. and Europe, Geely recently hired a former DaimlerChrysler engineering executive, Zhao Fuquan, to spearhead its efforts to build cars aimed at those places.
"We are now studying the characteristics of the American and European markets," says Li Shufu, chairman of Geely. "We want to bring Chinese cars to the whole world."
In the Chinese market, heightened competition among multinational auto makers and a swarm of domestic manufacturers has sparked a price war -- which often pressures profit margins. In recent years, average car prices have fallen about 7% a year. In the first quarter of 2007, prices dropped 5%, says Kevin Wale, president of GM's China operations.
But Charles Cheung, an analyst with Citigroup in Hong Kong, says Geely remains "less aggressive in price cuts compared to its competitors" and "continues to be a price follower rather than leading the price cuts." Mr. Cheung has a 12-month target price of HK$1.33 for Geely shares.
Mr. Cheung also has a positive view of other Chinese auto makers, including Brilliance and Dongfeng Motor Group and Denway Motors. These firms all have ventures that produce vehicles with foreign partners. Some also produce cars under their own brand names.
For Geely, operating-profit margin increased to 8.8% last year, compared with 6.5% in 2005, as the company "steered its product mix towards high-end models," wrote Ms. Mak of Merrill Lynch.
"Geely's sales may not have increased as fast as those of domestic rivals...but profit-making is always a top priority for a private company. They are making steady progress," says Dong Jianhua, an analyst at Southwest Securities in Beijing. Mr. Dong says Geely has good control of the company's profitability, with well-planned capacity expansion and stable car prices.
At present, Geely holds a 46.8% share in each of the four vehicle-manufacturing plants in China and 51% of a parts company. The other shares are held by the parent company, which intends to gradually inject its stakes into the listed unit. "We're going through relevant laws and regulations here and in Hong Kong," says Mr. Li, Geely's chairman. "If all goes well, it can be achieved within this year."
Analysts say Geely's low-cost advantage at parts sourcing and inexpensive self-developed key components such as auto transmissions and engines help it offset the intensifying price pressure. Analysts predict the acquisitions, likely through new share issuance, will boost Geely's earnings per share.
China's crowded auto market, with more than 100 players, is causing some analysts to worry about profit health, especially compared with companies in other hot sectors such as banking, oil and steel.
"The auto industry was at its golden age and its peak about two to three years ago. Right now, competition is very fierce," says Winson Fong, head of greater China equities with SG Asset Management in Hong Kong. SG recently sold its holdings in Geely.
yes baby!
China Automotive Systems Q1 net sales up 35 pct on Chery, Geely strength
05.14.07, 11:16 PM ETPopular Videos
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BEIJING (XFN-ASIA) - Nasdaq-listed China Automotive Systems Inc, a supplier of power steering parts, said its net sales totaled 28.4 mln usd in the first quarter, up 35 pct from a year earlier on the strong performance of Chinese automakers it supplies.
Net income rose 50 pct to 1.6 mln usd in the period, the company said in a statement.
Two of China Automotive Systems' key customers - Chery and Geely - moved into China's top five in terms of auto sales during the quarter, the statement said.
Chief executive Chen Hanlin added that China Automotive Systems' joint venture with Chery is expected to come online early in the third quarter. According to previous reports, the 50 mln yuan venture in Anhui province will focus on R&D and manufacturing of power steering systems and components.
Chen also said Chery's agreement with Chrysler to distribute the Chinese firm's economy car in North America and Europe 'clearly represents a substantial opportunity for fuel efficient and environmentally friendly Chinese cars in the global marketplace'.
(1 usd = 7.69 yuan)
will.davies@afxasia.com
05.14.07, 11:16 PM ETPopular Videos
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BEIJING (XFN-ASIA) - Nasdaq-listed China Automotive Systems Inc, a supplier of power steering parts, said its net sales totaled 28.4 mln usd in the first quarter, up 35 pct from a year earlier on the strong performance of Chinese automakers it supplies.
Net income rose 50 pct to 1.6 mln usd in the period, the company said in a statement.
Two of China Automotive Systems' key customers - Chery and Geely - moved into China's top five in terms of auto sales during the quarter, the statement said.
Chief executive Chen Hanlin added that China Automotive Systems' joint venture with Chery is expected to come online early in the third quarter. According to previous reports, the 50 mln yuan venture in Anhui province will focus on R&D and manufacturing of power steering systems and components.
Chen also said Chery's agreement with Chrysler to distribute the Chinese firm's economy car in North America and Europe 'clearly represents a substantial opportunity for fuel efficient and environmentally friendly Chinese cars in the global marketplace'.
(1 usd = 7.69 yuan)
will.davies@afxasia.com
Das allzeithoch wird heut noch geknackt und dann gehts richtig nach oben.
Antwort auf Beitrag Nr.: 29.320.902 von Madmission am 15.05.07 10:45:08hmmm, geknackt? mal sehen! ich bin schon lange drin, von anfang an im +...
ich wäre zufrieden wenn sich der kurs für die nächsten monate über 0,105 € einpendelt und dann langsam gegen die 0,12 € geht!
0,2 € bis jahresende? wäre schön, aber stabile 0,15 - 0,16€ wäre der HAMMER!!!!
in der ruhe liegt die kraft!
Gruß
p.s. freut mich das hier wieder etwas mehr geschrieben wird
ich wäre zufrieden wenn sich der kurs für die nächsten monate über 0,105 € einpendelt und dann langsam gegen die 0,12 € geht!
0,2 € bis jahresende? wäre schön, aber stabile 0,15 - 0,16€ wäre der HAMMER!!!!
in der ruhe liegt die kraft!
Gruß
p.s. freut mich das hier wieder etwas mehr geschrieben wird
Antwort auf Beitrag Nr.: 29.320.902 von Madmission am 15.05.07 10:45:08münchen: 0,113
tja, du hattest wohl recht!!!!
Gruß
tja, du hattest wohl recht!!!!
Gruß
Für mich ist geely eine absolute langzeitinvestition. Wenn sich deine einschätzungen bestätigen wäre das natürlich hervorragend. Ich spekuliere im bereich von 10-20 jahren und hoffe das wir dann im €bereich sind. Ich kann nur schlecht beurteilen wann wir den € erreichen, das es irgendwann soweit ist, ist für mich klar. Vielleicht gehts mit der markteinführung in us und europa auch ganz schnell? So ein weiser chinese sagte mal ,"die autoindustrie ist wie ein baum der langsam wächst und sich entwickelt." also ich bin seit letzter woche dabei und 12%+.
Antwort auf Beitrag Nr.: 29.322.053 von Madmission am 15.05.07 11:46:24ganz ehrlich, sollte geely sich so weiter entwickeln sind wir in 5-10 jahren in €-bereich! geely ist die einzige aktie in meinem portfolio zu der ich fast uneingeschränktes vertrauen habe!
ich glaube jedoch, dass die markteinführung in den usa und in europa überschätzt ist! die schwellenländer sind interessant! z.b. kaufen sich chinesische rohstofffirmen im großen stiel in africa (siehe sudan) ein, so drängen immer mehr chinesische firmen auf diese märkte, auch geely. das ist worauf ich spekuliere!
dies sind meine forderungen
ein geely fahrzeug für 30% der chinesen, 20% der asiaten, 20% der central asiaten & 30% der afrikaner!!!
gruß
ich glaube jedoch, dass die markteinführung in den usa und in europa überschätzt ist! die schwellenländer sind interessant! z.b. kaufen sich chinesische rohstofffirmen im großen stiel in africa (siehe sudan) ein, so drängen immer mehr chinesische firmen auf diese märkte, auch geely. das ist worauf ich spekuliere!
dies sind meine forderungen
ein geely fahrzeug für 30% der chinesen, 20% der asiaten, 20% der central asiaten & 30% der afrikaner!!!
gruß
Genau die chinesen verkaufen den afrikaner ihre eigenen rohstoffe in form von autos. die qualität scheint denen ja auch egal zu sein, wenn man sieht welche schrottgurken nach afrika verschifft werden. Da dürften die afrikaner sich über jeden billigen neuwagen freuen. Interessanter aspekt den ich noch nicht bedacht hatte. Wie siehts mit indischen markt aus. Es gab mal eine studie die besagt, dass wenn das durchschnittliche einkommen auf über 4000€ p.a. Steigt sich die leute autos leisten können. Muss jetzt raten aber ich glaub in indien erreichen wir bald diesen wert. Möcht mal wissen wo dann der ölpreis steht wenn die alle auto fahren? Dann kostet eine tankfüllung das gleiche wie ein neuer geely.
Noch was wissenwertes am rande. Ich weiß nur das es in shanghai so läuft und zwar werden dort die autozulassungen versteigert. D.h. Ein shanghaier geht zu dieser versteigerung, ersteigert sich für ca. 1500€ seine nummernschilder (kein witz) geht anschließend zum geelyhändler und kauft sich ein auto. Gemacht wurde das um den verkehrskollaps zu stoppen. Das heißt 1/4 des wagenwertes machen die nummernschilder aus, ganz schön teures blech.
Antwort auf Beitrag Nr.: 29.324.131 von Madmission am 15.05.07 13:41:23natürlich ist indien auch ein markt, ich glaube in einem der anderen "faden" steht etwas zu dem thema...
grüß
grüß
Antwort auf Beitrag Nr.: 29.324.609 von Madmission am 15.05.07 14:08:12das ja der KNALLER!!!!
25%, stell dir mal vor unsere regierung kommt auf die idee, dass damit noch ne menge indirekte steuern eintreiben lassen und du willst dir nen prorsche kaufen!!!
der KNALLER
Gruß
25%, stell dir mal vor unsere regierung kommt auf die idee, dass damit noch ne menge indirekte steuern eintreiben lassen und du willst dir nen prorsche kaufen!!!
der KNALLER
Gruß
Nicht 1/4 des wagenwertes. Da ein geely ca 5000€ kostes ist 1500€ ganz ganz grob 1/4. Ein chinesischer porschefahrer zahlt auch nicht mehr. Das ist halt ein riesen hindernis für shanghaier geringverdiener die auf ein wagen sparen und dann noch sowas zahlen müssen. Höffentlich ist s im übrigen china billiger, glaub schon.
Antwort auf Beitrag Nr.: 29.325.695 von Madmission am 15.05.07 15:06:23
das habe ich schon verstanden, aber ich glaube unsere politiker würden versuchen den prozentsatz durch zu bekommen...
Gruß
das habe ich schon verstanden, aber ich glaube unsere politiker würden versuchen den prozentsatz durch zu bekommen...
Gruß
1/10 cent unterm allzeithoch. Ich freu mich auf morgen
News auf Finanzen net.de
Haste ein link, mit meinem pda ist alles ein bisl kompliziert im internet im moment. Danke
DAS LEBEN IST SOOOOOO SCHÖN!!!!!!!!!!
München
GRU / EUR 0,127
100.000 +0,0130
+11,40 09:06:53
16.05.2007 0,128
0,133 0,114
ICH KANN MICH NOCH ERINNERN WIE MEINE FREUNDE MICH FÜR VERRÜCKT ERKLÄRT HABEN HIER GELD REIN ZU STECKEN.....
Gruß an alle, die so glücklich sind wie ich!
München
GRU / EUR 0,127
100.000 +0,0130
+11,40 09:06:53
16.05.2007 0,128
0,133 0,114
ICH KANN MICH NOCH ERINNERN WIE MEINE FREUNDE MICH FÜR VERRÜCKT ERKLÄRT HABEN HIER GELD REIN ZU STECKEN.....
Gruß an alle, die so glücklich sind wie ich!
Wahnsinn.
was geht den in frankfurth ab?????
Gruß
Gruß
so ein spass, es soll frankfurt heißen!!!
13 cent sind heute doch wohl drin
SWEET
China's Geely motors on with RI car plan
Business and Investment - May 18, 2007
The Jakarta Post, Jakarta
Aiming at grabbing a slice of Indonesia's reviving automotive market, Chinese automaker Geely International Corp. is set to establish a presence here with its Geely CK sedan.
The new car, which will make its debut in July, will be assembled here by Malaysian-based firm PT IGC International and PT Gaya Motor, a subsidiary of PT Astra International.
With three engine variants, the sedan will sell on-the-road for between Rp 80 million (US$9,090) and Rp 95 million.
"Our idea is to supply the market with a quality product at an affordable price," Geely International president director George Zhao told a media conference Wednesday during the signing of the agreement between Geely International, IGC International and Gaya Motor.
The Geely CK sedan, which made its debut in China in 2005, is exported to 60 countries and has sold more than 80,000 units worldwide.
Zhao said that his company would use the agreement, which will see it assembling its first cars outside China, to establish a presence in Southeast Asia and other prospective right-hand-drive markets worldwide.
"We selected Indonesia as our first market in Southeast Asia as we are aware that the automotive industry here has been making very promising progress."
Indonesia's total commercial and passenger vehicle sales dropped last year to 318,304 from a record high of 534,000 in 2005 due to higher lending rates. However, automotive analysts project that this year's total vehicle sales will be exceed 400,000.
For the first quarter of this year, figures from the Association of Indonesian Automotive Manufacturers (Gaikindo) shows that vehicle sales reached 84,511, up 6 percent from the same period last year, when the equivalent figure was 79,412.
Geely International, whose total annual production stands at 650,000 vehicles, will become the second Chinese automaker to assemble its products in Indonesia after Chery Automobile entered the market last year in collaboration with the country's second-largest auto producer and distributor, PT Indomobil Sukses International.
Geely expects to produce 2,000 cars per year and intends to introduce at least five new models over the next two years.
IGC International chief commissioner Suhaelly Kalla said that Indonesia would become the center of production of the Geely CK for the Southeast Asian market. The cars would be exported to East and Southeast Asian countries, he said.
In addition to establishing an assembling facility at a cost of about US$6 million, IGC International will also set up spare-parts and after-sales service centers. (04)
China's Geely motors to make debut in Indonesia
www.chinaview.cn 2007-05-18 13:38:15
Adjust font size:
JAKARTA, May 18 (Xinhua) -- Aiming at grabbing a slice of Indonesia's reviving automotive market, Chinese automaker Geely International Corp. is to make presence here with its Geely CK sedan, the local press said Friday.
The new car, to be launched in July, will be assembled here by Malaysian-based firm PT IGC International and PT Gaya Motor, a subsidiary of the country's largest auto firm PT Astra International, reported English daily The Jakarta Post.
With three engine variants, the sedan will sell for between 80 million rupiah (9,095 U.S. dollars) and 95 million (10,800 dollars).
"Our idea is to supply the market with a quality product at an affordable price," Geely International president director George Zhao was quoted as saying.
The Geely CK sedan first hit the Chinese markets in 2005, and has been exported to 60 countries and sold more than 80,000 units worldwide.
"We selected Indonesia as our first market in Southeast Asia as we are aware that the automotive industry here has been making very promising progress," Zhao said.
Geely International will become the second Chinese automaker to assemble its products in Indonesia after Chery Automobile entered the market last year in collaboration with the country's second-largest auto producer and distributor, PT Indomobil Sukses International.
Geely expects to produce 2,000 cars per year and intends to introduce at least five new models over the next two years.
IGC International chief commissioner Suhaelly Kalla said that Indonesia would become the center of production of the Geely CK for the Southeast Asian market. The cars would be exported to Eastand Southeast Asian countries, he said.
In addition to establishing an assembling facility at a cost of about 6 million dollars, IGC International will also set up spare-parts and after-sales service centers.
Editor: Chen Feng
Business and Investment - May 18, 2007
The Jakarta Post, Jakarta
Aiming at grabbing a slice of Indonesia's reviving automotive market, Chinese automaker Geely International Corp. is set to establish a presence here with its Geely CK sedan.
The new car, which will make its debut in July, will be assembled here by Malaysian-based firm PT IGC International and PT Gaya Motor, a subsidiary of PT Astra International.
With three engine variants, the sedan will sell on-the-road for between Rp 80 million (US$9,090) and Rp 95 million.
"Our idea is to supply the market with a quality product at an affordable price," Geely International president director George Zhao told a media conference Wednesday during the signing of the agreement between Geely International, IGC International and Gaya Motor.
The Geely CK sedan, which made its debut in China in 2005, is exported to 60 countries and has sold more than 80,000 units worldwide.
Zhao said that his company would use the agreement, which will see it assembling its first cars outside China, to establish a presence in Southeast Asia and other prospective right-hand-drive markets worldwide.
"We selected Indonesia as our first market in Southeast Asia as we are aware that the automotive industry here has been making very promising progress."
Indonesia's total commercial and passenger vehicle sales dropped last year to 318,304 from a record high of 534,000 in 2005 due to higher lending rates. However, automotive analysts project that this year's total vehicle sales will be exceed 400,000.
For the first quarter of this year, figures from the Association of Indonesian Automotive Manufacturers (Gaikindo) shows that vehicle sales reached 84,511, up 6 percent from the same period last year, when the equivalent figure was 79,412.
Geely International, whose total annual production stands at 650,000 vehicles, will become the second Chinese automaker to assemble its products in Indonesia after Chery Automobile entered the market last year in collaboration with the country's second-largest auto producer and distributor, PT Indomobil Sukses International.
Geely expects to produce 2,000 cars per year and intends to introduce at least five new models over the next two years.
IGC International chief commissioner Suhaelly Kalla said that Indonesia would become the center of production of the Geely CK for the Southeast Asian market. The cars would be exported to East and Southeast Asian countries, he said.
In addition to establishing an assembling facility at a cost of about US$6 million, IGC International will also set up spare-parts and after-sales service centers. (04)
China's Geely motors to make debut in Indonesia
www.chinaview.cn 2007-05-18 13:38:15
Adjust font size:
JAKARTA, May 18 (Xinhua) -- Aiming at grabbing a slice of Indonesia's reviving automotive market, Chinese automaker Geely International Corp. is to make presence here with its Geely CK sedan, the local press said Friday.
The new car, to be launched in July, will be assembled here by Malaysian-based firm PT IGC International and PT Gaya Motor, a subsidiary of the country's largest auto firm PT Astra International, reported English daily The Jakarta Post.
With three engine variants, the sedan will sell for between 80 million rupiah (9,095 U.S. dollars) and 95 million (10,800 dollars).
"Our idea is to supply the market with a quality product at an affordable price," Geely International president director George Zhao was quoted as saying.
The Geely CK sedan first hit the Chinese markets in 2005, and has been exported to 60 countries and sold more than 80,000 units worldwide.
"We selected Indonesia as our first market in Southeast Asia as we are aware that the automotive industry here has been making very promising progress," Zhao said.
Geely International will become the second Chinese automaker to assemble its products in Indonesia after Chery Automobile entered the market last year in collaboration with the country's second-largest auto producer and distributor, PT Indomobil Sukses International.
Geely expects to produce 2,000 cars per year and intends to introduce at least five new models over the next two years.
IGC International chief commissioner Suhaelly Kalla said that Indonesia would become the center of production of the Geely CK for the Southeast Asian market. The cars would be exported to Eastand Southeast Asian countries, he said.
In addition to establishing an assembling facility at a cost of about 6 million dollars, IGC International will also set up spare-parts and after-sales service centers.
Editor: Chen Feng
Meinungen
Es hört sich vielversprechend an das geely außerhalb chinas neue märkte erschließt. Um 1/3 iher produktion zu exportieren wie es angestrebt wird ein notwendiger schritt. Die verantwortlichen werden es sich gut überlegt haben was sie tun und meiner meinung ist dies erst der anfang . Mit geelys guten preis leistungsverhältnis wird sich die marke auch in indonesien schnell etablieren. Der aktienkurs spiegelt wieder das hier eine menge potential in dem unternehmen steckt. Indonesien scheint die besten voraussetzungen für einen guten absatz außerhalb chinas zu bieten, dass denke ich werden die manager bedacht haben mit dem ziel die produktion auf 2000000 p.a. Zu steigern fürs jahr 2013 wars glaub ich. Ich hoffe 2013 stehen wir dann bei 1,50-2€
0.12 war gestern
mfg
mfg
Antwort auf Beitrag Nr.: 29.398.282 von Wuscher am 21.05.07 05:08:43Oh Gott,nein!
Ich wollt noch ein wenig günstigst nachlegen...
Gutenmorgengruß Kap IV
Ich wollt noch ein wenig günstigst nachlegen...
Gutenmorgengruß Kap IV
Antwort auf Beitrag Nr.: 29.380.783 von Wuscher am 18.05.07 22:46:44@Wuscher
was soll ich sagen... schwellenländer sind der wahre wachstumsmarkt, wichtiger als exporte in die usa und europa, dass habe ich vor ein paar tagen schon geschrieben...
indonesien ist nicht neu, einer, entweder du oder ich, hat hier schon vor ewigkeiten etwas dazu geposted ... allerdings ist es gut zu hören, dass es voran geht...
geely, was soll ich sagen? wenn es mir scheiße geht schaue ich mir den kurs an und ich bin wieder gut drauf!!!!
Gruß
was soll ich sagen... schwellenländer sind der wahre wachstumsmarkt, wichtiger als exporte in die usa und europa, dass habe ich vor ein paar tagen schon geschrieben...
indonesien ist nicht neu, einer, entweder du oder ich, hat hier schon vor ewigkeiten etwas dazu geposted ... allerdings ist es gut zu hören, dass es voran geht...
geely, was soll ich sagen? wenn es mir scheiße geht schaue ich mir den kurs an und ich bin wieder gut drauf!!!!
Gruß
Antwort auf Beitrag Nr.: 29.399.274 von KapitalistIV am 21.05.07 09:25:17
träumer ich habe bei geely nur eine richtung erlebt und ich bin schon was länger drin...
träumer ich habe bei geely nur eine richtung erlebt und ich bin schon was länger drin...
Antwort auf Beitrag Nr.: 29.399.476 von wgumcd am 21.05.07 09:39:05Bin leider erst seit Anfang März drin,aber die Richtung kenn ich schon.
Hatte ich ja auch erwartet.
Aber auch 0,20€ wären hier noch ein guter Einstieg.
Gruß
Hatte ich ja auch erwartet.
Aber auch 0,20€ wären hier noch ein guter Einstieg.
Gruß
Hier gehts nur nach oben, unglaublich. Nächste woche kann man bestimmt noch zu 0,20€ einsteigen.
Chrysler: What Happens Under Cerberus?Turf protection and expansion abroad, they say.
by Joseph Szczesny (2007-05-20)
The new Chrysler is cobbling together a strategy that will depend on protecting its own turf, rapid expansion abroad and continued access to the automotive technology produced inEurope.
Tom LaSorda, chief executive officer of the Chrysler Group who will take over as CEO of Chrysler LLC once DaimlerChrysler AG complete the sale of his company to Cerberus Capital Management, told reporters Tuesday that the new owners expect the company to execute the turnaround plan outlined in February.
"The Chrysler, Dodge and Jeep brands will not be broken up,'' LaSorda said. "This should be great news for our dealers," he emphasized.
The transformation plan outlined in February calls for the elimination of 13,000 hourly and salaried jobs over the next two to three years and the closure of an assembly plant in Wilmington, Del. The reduction in the workforce is picking up steam as more employees than expected have signed up for buyout and retirement packages.
LaSorda added that Chrysler's strategy will be to look for new partners throughout Asia in an effort to expand its international sales. Chrysler also will explore ways to expand its budding partnership with Geely, the Chinese company that will supply subcompact cars for Chrysler brands in North America and Europe.
"I also look forward to pursuing other partnerships that will be in the best interest of Chrysler. We aren't big in Asia and we have no presence in India and we would like to grow in those two areas.''
The transformation plan also calls for a concerted effort to bolster the company's overseas sales. The Chrysler Group sold about 200,000 units overseas in 2006 and is anticipating a double-digit increase again this year, he said.
Chrysler also will maintain its close working relationship with Daimler AG, which will continue to own 19.9 percent of the new company, he said. Chrysler will continue to have access to Daimler's technological resources, LaSorda said. For instance, the companies will continue to develop a new line of clean-burning diesel engines.
LaSorda also will be able to utilize the guidance of Wolfgang Bernhard, its former chief operating officer who recently joined Cerberus as a senior executive.
Under private ownership, LaSorda said he can now concentrate on making longer-term decisions that he said were sometimes sacrificed to meet the financial demands on a public company.
"It's a new chapter,'' he added. "Cerberus is a great fit and I feel confident they will make Chrysler financially stronger.''
"We're going to rebound and come back,'' he said. "We're on our way as a stand-alone company.''
The Chrysler Group posted a $1.98 billion operating loss in the first quarter as it slashed production to reduce inventories and as prices for its finished vehicles declined. The loss was inflated, however, by a $1.22 billion restructuring charge to cover the ongoing cost of changes inside the company, DaimlerChrysler AG reported Tuesday.
LaSorda said while Cerberus had agreed to allow Chrysler to execute the transformation plan, which anticipates a $2.1 billion loss in 2007, it also will expect the company to make serious progress towards its objectives of making a profit in 2009.
"We've got to make this thing work," he said. "We're still up against the same competition," he said.
LaSorda, however, also said the company will still need healthcare concessions from the United Auto Workers. "I've been very consistent about that for the past year," he said.
Before the press conference, Cerberus founder Stephen Feinberg and Bernhard held a series of meetings with union officials. Buzz Hargrove, president of the Canadian Auto Workers union, said he walked out of the meeting with a favorable impression of Feinberg. "He certainly gave us a comfort level he's in here for the long term," Hargrove told The Oakland Press.
"He's very impressive. He understands the problems of the industry. He is the only CEO, I've met, so far, that understands the crisis we face because of these imports and closed markets in Asia. He agreed something has to be done. He also gave us a letter, stating there will be no layoffs because of the ownership change," Hargrove said.
http://www.thecarconnection.com/pf/Auto_News/Daily_Auto_News…
UND WEIL ES SO SCHÖN IST
IGC company in Indonesian deal with Chinese carmaker
BY TEE LIN SAY
JAKARTA: Information Gateway Corp Sdn Bhd (IGC) associate company PT Gaya Motor has signed an agreement with Geely Holding Group of China for the manufacturing, assembly and international marketing of Geely vehicles in Indonesia.
The Geely CK1 will be the first Geely car to hit the Indonesian market.
PT Gaya will begin manufacturing in end July, and rollout of the vehicles are expected in August. For a start, PT Gaya is targeting to sell 2,000 units of the Geely CK1 over a 12-month period.
For 2008, Geely has plans to manufacture approximately 10,000 units for the Southeast Asian market. Geely's strategy is to initially import completely knocked down (CKD) vehicles and assemble them in Indonesia using PT Gaya's facilities. Later on, it will use local component industries to support its manufacturing activities.
Indonesia will be Geely's base for markets in Indonesia, Singapore and Malaysia.
"Within the next five years, Geely plans to introduce three to four new models to the Indonesian market," said IGC president Tan Sri Cam Soh Thiam Hong after the launch of the Geely CK1 car.
Gruß
by Joseph Szczesny (2007-05-20)
The new Chrysler is cobbling together a strategy that will depend on protecting its own turf, rapid expansion abroad and continued access to the automotive technology produced inEurope.
Tom LaSorda, chief executive officer of the Chrysler Group who will take over as CEO of Chrysler LLC once DaimlerChrysler AG complete the sale of his company to Cerberus Capital Management, told reporters Tuesday that the new owners expect the company to execute the turnaround plan outlined in February.
"The Chrysler, Dodge and Jeep brands will not be broken up,'' LaSorda said. "This should be great news for our dealers," he emphasized.
The transformation plan outlined in February calls for the elimination of 13,000 hourly and salaried jobs over the next two to three years and the closure of an assembly plant in Wilmington, Del. The reduction in the workforce is picking up steam as more employees than expected have signed up for buyout and retirement packages.
LaSorda added that Chrysler's strategy will be to look for new partners throughout Asia in an effort to expand its international sales. Chrysler also will explore ways to expand its budding partnership with Geely, the Chinese company that will supply subcompact cars for Chrysler brands in North America and Europe.
"I also look forward to pursuing other partnerships that will be in the best interest of Chrysler. We aren't big in Asia and we have no presence in India and we would like to grow in those two areas.''
The transformation plan also calls for a concerted effort to bolster the company's overseas sales. The Chrysler Group sold about 200,000 units overseas in 2006 and is anticipating a double-digit increase again this year, he said.
Chrysler also will maintain its close working relationship with Daimler AG, which will continue to own 19.9 percent of the new company, he said. Chrysler will continue to have access to Daimler's technological resources, LaSorda said. For instance, the companies will continue to develop a new line of clean-burning diesel engines.
LaSorda also will be able to utilize the guidance of Wolfgang Bernhard, its former chief operating officer who recently joined Cerberus as a senior executive.
Under private ownership, LaSorda said he can now concentrate on making longer-term decisions that he said were sometimes sacrificed to meet the financial demands on a public company.
"It's a new chapter,'' he added. "Cerberus is a great fit and I feel confident they will make Chrysler financially stronger.''
"We're going to rebound and come back,'' he said. "We're on our way as a stand-alone company.''
The Chrysler Group posted a $1.98 billion operating loss in the first quarter as it slashed production to reduce inventories and as prices for its finished vehicles declined. The loss was inflated, however, by a $1.22 billion restructuring charge to cover the ongoing cost of changes inside the company, DaimlerChrysler AG reported Tuesday.
LaSorda said while Cerberus had agreed to allow Chrysler to execute the transformation plan, which anticipates a $2.1 billion loss in 2007, it also will expect the company to make serious progress towards its objectives of making a profit in 2009.
"We've got to make this thing work," he said. "We're still up against the same competition," he said.
LaSorda, however, also said the company will still need healthcare concessions from the United Auto Workers. "I've been very consistent about that for the past year," he said.
Before the press conference, Cerberus founder Stephen Feinberg and Bernhard held a series of meetings with union officials. Buzz Hargrove, president of the Canadian Auto Workers union, said he walked out of the meeting with a favorable impression of Feinberg. "He certainly gave us a comfort level he's in here for the long term," Hargrove told The Oakland Press.
"He's very impressive. He understands the problems of the industry. He is the only CEO, I've met, so far, that understands the crisis we face because of these imports and closed markets in Asia. He agreed something has to be done. He also gave us a letter, stating there will be no layoffs because of the ownership change," Hargrove said.
http://www.thecarconnection.com/pf/Auto_News/Daily_Auto_News…
UND WEIL ES SO SCHÖN IST
IGC company in Indonesian deal with Chinese carmaker
BY TEE LIN SAY
JAKARTA: Information Gateway Corp Sdn Bhd (IGC) associate company PT Gaya Motor has signed an agreement with Geely Holding Group of China for the manufacturing, assembly and international marketing of Geely vehicles in Indonesia.
The Geely CK1 will be the first Geely car to hit the Indonesian market.
PT Gaya will begin manufacturing in end July, and rollout of the vehicles are expected in August. For a start, PT Gaya is targeting to sell 2,000 units of the Geely CK1 over a 12-month period.
For 2008, Geely has plans to manufacture approximately 10,000 units for the Southeast Asian market. Geely's strategy is to initially import completely knocked down (CKD) vehicles and assemble them in Indonesia using PT Gaya's facilities. Later on, it will use local component industries to support its manufacturing activities.
Indonesia will be Geely's base for markets in Indonesia, Singapore and Malaysia.
"Within the next five years, Geely plans to introduce three to four new models to the Indonesian market," said IGC president Tan Sri Cam Soh Thiam Hong after the launch of the Geely CK1 car.
Gruß
Antwort auf Beitrag Nr.: 29.399.690 von KapitalistIV am 21.05.07 09:53:38jup, ich könnte , dass ich nicht mit mehr eingestiegen bin...
lass und mal hoffen, dass wir konstannt über 12 ct bleiben!!!
sollten wir auf 20 ct kommen kaufe ich nach...
Gruß
lass und mal hoffen, dass wir konstannt über 12 ct bleiben!!!
sollten wir auf 20 ct kommen kaufe ich nach...
Gruß
Antwort auf Beitrag Nr.: 29.400.542 von wgumcd am 21.05.07 10:50:29Wem sagst du das.....
Der kurs hält sich gut über 0,12€ ,dass ist doch schon mal was. Bald steigen wir in neue dimensionen, da geh ich von aus. Warten ist wohl angesagt. Wie kostolany schon,"aktien kaufen und ein schlafmittel nehmen." dass scheint hier das richtige rezept zu sein. Deswegen geh ich jetzt schlafen und freu mich auf morgen.
Antwort auf Beitrag Nr.: 29.443.778 von Madmission am 23.05.07 22:45:19Da freu ich mich mit.
Abwarten und tee trinken
Www.automobilindustrie.de/news/ai_beitrag_5418364.html
News auf Finanz Nachrichten de
mfg
mfg
Meinungen zu den news. Morgen wirds wahrscheinlich wieder bergauf gehen, wobei die taxis doch recht wenig zur gesamtproduktion beitragen. Allerdings wenn ein taxi ca.
60.000€ kostet ist das fast des zehnfache eines einfachen geelys. Bei der derzeitigen produktion von 120000 geelys und einer angestrebten produktion von 10000 taxis ist das fast eine verdopplung des umsatzes. Grob überschlagen natürlich!
Hauptsache es beflügelt den kurs.
60.000€ kostet ist das fast des zehnfache eines einfachen geelys. Bei der derzeitigen produktion von 120000 geelys und einer angestrebten produktion von 10000 taxis ist das fast eine verdopplung des umsatzes. Grob überschlagen natürlich!
Hauptsache es beflügelt den kurs.
News@CHS@nline
Morgan Stanley adds 25.8M shares in Geely (0175)
2007/05/30 18:44
(Infocast News) Morgan Stanley has added 25.8 million shares in Geely Automobile (0175), the Stock Exchange's SDI information shows. After the acquisition, Morgan Stanley's long position in the company increased from 273.766 million shares (5.73%) to 299.566 million shares (6.27%). The shares were bought on May 22. The price per share is not disclosed.
Warum machen die das wohl
mfg
Morgan Stanley adds 25.8M shares in Geely (0175)
2007/05/30 18:44
(Infocast News) Morgan Stanley has added 25.8 million shares in Geely Automobile (0175), the Stock Exchange's SDI information shows. After the acquisition, Morgan Stanley's long position in the company increased from 273.766 million shares (5.73%) to 299.566 million shares (6.27%). The shares were bought on May 22. The price per share is not disclosed.
Warum machen die das wohl
mfg
Na weil die aussichten rosig sind.
BEIJING (XFN-ASIA) - Geely, das Gruppe, des größten privaten den Automobilhersteller und Elternteil Landes von hält Ltd. der Geely Automobil-Holding-(Nachrichten) (HK 0175), gesagt ihm verkaufte herum 100.000 Autos in den ersten fünf Monaten dieses Jahr, herauf von 89.800 Maßeinheiten ein das Jahr früher.
Die Gruppe sagte in einer Aussage, der sie ein Absatzziel von 296.000 Maßeinheiten eingestellt hat, für 2007, von denen 33.000 Autos exportiert werden.
Die China Handelsnachrichten berichteten über früheren heutigen Tag, dem das erste Auto Otaka Geelys, bekannt als das CK-1 auf dem Binnenmarkt, das Fließband seiner russischen Partner Ural Automobile und Maschinen ausgespeichert hat.
Geely Ausgang am russischen Betrieb wird erwartet, um 17.000 Maßeinheiten dieses Jahr, entsprechend dem Report zu erreichen.
Geely, das Exportvereinbarungen im Platz in Indonesien, in Rußland und in Ukraine hat, ist z.Z. auch in den Vermittlungen, zum der Träger nach der Türkei und Südafrika in Zusammenarbeit mit lokalen Partnern zu exportieren.
derek.jiang@xfn.com
Gewinne Gewinne Gewinne uuuuuuuuuuuuuuIIIIIIIIIIIIIIIIIIIIIIIII
Da brummt die Bude!!!!
Da werden Nägel mit Köpfen gemacht und nicht nur gelabert.
mfg
Die Gruppe sagte in einer Aussage, der sie ein Absatzziel von 296.000 Maßeinheiten eingestellt hat, für 2007, von denen 33.000 Autos exportiert werden.
Die China Handelsnachrichten berichteten über früheren heutigen Tag, dem das erste Auto Otaka Geelys, bekannt als das CK-1 auf dem Binnenmarkt, das Fließband seiner russischen Partner Ural Automobile und Maschinen ausgespeichert hat.
Geely Ausgang am russischen Betrieb wird erwartet, um 17.000 Maßeinheiten dieses Jahr, entsprechend dem Report zu erreichen.
Geely, das Exportvereinbarungen im Platz in Indonesien, in Rußland und in Ukraine hat, ist z.Z. auch in den Vermittlungen, zum der Träger nach der Türkei und Südafrika in Zusammenarbeit mit lokalen Partnern zu exportieren.
derek.jiang@xfn.com
Gewinne Gewinne Gewinne uuuuuuuuuuuuuuIIIIIIIIIIIIIIIIIIIIIIIII
Da brummt die Bude!!!!
Da werden Nägel mit Köpfen gemacht und nicht nur gelabert.
mfg
hocherfreulich ,bin gespannt auf die nächsten jahre.
Hallo Miteinander,
die Geely hab ich auch schon längere Zeit im Auge, konnte aber bisher nicht einsteigen, da mein überschaubares (Studenten-)Kapital bisher andersweitig gebunden war (was mich wegen der schönen Entwicklung doch ein wenig ärgert)
Ich frag mich nun, ob ich beim aktuellen Kurs von 0,12x Cent noch einsteigen sollte oder eher noch einen eventuellen Rücksetzer abwarten sollte?
Die Stimmen der Asien-Warner und Kritiker werden ja zunehmend lauter, zuletzt Peter Brezinschek, Chefanalyst bei der RZB:
http://www.diepresse.com/home/wirtschaft/economist/309561/in…
mfg
die Geely hab ich auch schon längere Zeit im Auge, konnte aber bisher nicht einsteigen, da mein überschaubares (Studenten-)Kapital bisher andersweitig gebunden war (was mich wegen der schönen Entwicklung doch ein wenig ärgert)
Ich frag mich nun, ob ich beim aktuellen Kurs von 0,12x Cent noch einsteigen sollte oder eher noch einen eventuellen Rücksetzer abwarten sollte?
Die Stimmen der Asien-Warner und Kritiker werden ja zunehmend lauter, zuletzt Peter Brezinschek, Chefanalyst bei der RZB:
http://www.diepresse.com/home/wirtschaft/economist/309561/in…
mfg
Antwort auf Beitrag Nr.: 29.816.357 von Bacchus80 am 11.06.07 10:42:14Hallo Bacchus,
Grundsätzlich kann ich dir nur empfehlen: KAUFEN!!!!
Ich rechne fest mit einer Korrektur der chinesischen Märkte, und ich freue mich drauf!!!! Eines ist gewiss, wenn Geely runter geht kaufe ich nach (allerdings werde ich auch kaufen wenn es hoch geht)! Ich bin vor langer zeit (recht weit) unter 0,10 ein und habe nur einmal kurz rot gesehen…. Wenn du dich seit einiger zeit mit geely beschäftigst kennst du die daten, bzw. die entwicklung! Langfristig (5-10), so denke ich, dies könnte eines der besten investments meines lebens werden!
Du schreibst, dass deine mittel überschaubar sind… gehe klein rein und kaufe bein einer korrektur nach….
Gruß
Grundsätzlich kann ich dir nur empfehlen: KAUFEN!!!!
Ich rechne fest mit einer Korrektur der chinesischen Märkte, und ich freue mich drauf!!!! Eines ist gewiss, wenn Geely runter geht kaufe ich nach (allerdings werde ich auch kaufen wenn es hoch geht)! Ich bin vor langer zeit (recht weit) unter 0,10 ein und habe nur einmal kurz rot gesehen…. Wenn du dich seit einiger zeit mit geely beschäftigst kennst du die daten, bzw. die entwicklung! Langfristig (5-10), so denke ich, dies könnte eines der besten investments meines lebens werden!
Du schreibst, dass deine mittel überschaubar sind… gehe klein rein und kaufe bein einer korrektur nach….
Gruß
Wie groß seid ihr hier denn eingestiegen. Reine neugier.
Bin selbst mit 100k dabei.
damit man mal ein vergleich hat.
Bin selbst mit 100k dabei.
damit man mal ein vergleich hat.
Habe mir 35.000 Stck. zusammengestottert,das Geld ist knapp.
Werde aber weiter kaufen,sind noch lange nicht zu teuer.
Gruß,Kap IV
Werde aber weiter kaufen,sind noch lange nicht zu teuer.
Gruß,Kap IV
Thanks, hoffe die 13cent sind bald wieder geknackt.
Antwort auf Beitrag Nr.: 29.820.233 von KapitalistIV am 11.06.07 14:06:2625k und habe verpasst nachzukaufen... ich war früh drin und etwas was unsicher...
wie gesagt ich glaube an eine anständige korrektur der chinesichen märkte incl. Panikverkäufen bei geely und dann wird gekauft...
die firma hat substanz, sollte sie nochmal auf unter 0,10 fallen stocke ich bis auf 100k auf...
gruß
wie gesagt ich glaube an eine anständige korrektur der chinesichen märkte incl. Panikverkäufen bei geely und dann wird gekauft...
die firma hat substanz, sollte sie nochmal auf unter 0,10 fallen stocke ich bis auf 100k auf...
gruß
heute Nacht satter Kursprung in den Staaten +9,68% auf 0,17 $ bei einem Volumen von 450.200 Stück.
Da will ich mal hoffen das der funke überspringt.
Ich hatte gehofft wir wären sicher über der 0,12 €.
Sicher ist leider nichts, denke aber kurs dreht wieder richtung norden. Das sind nur kleine höhen und tiefen. Bin gespannt wo wir stehen, wenn die wirklich 2.000.000 p.a. Produzieren?
Domestic brands set to take larger share of Chinese auto pie
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Jun. 22, 2007 (China Knowledge) – Chinese automobile brands are expected to acquire a 40% share of the domestic market by 2012, according to report published by Global Insight Inc.
" There are a lot of opportunities for Chinese locals [car producers] in the future. There are low penetration rates in the vehicle market and a trend to shift to the mid-class car segment," according to John Zeng, a senior analyst from Global Insight.
He added that favourable national and local government policies also help promote domestic car brands as supply structures improve and advanced technology from suppliers become more accessible.
The Shanghai Daily reports that more than 982,800 Chinese branded models were sold last year, accounting for 25.6% of the total passenger car market, according to China's Association of Automobile Manufacturers.
Car ownership in China has increased significantly over the last two decades as more people have become prosperous. Its automobile industry has seen an average growth of 25% over the previous five years. However, only 20 out of 1,000 Chinese people currently own a car. Total vehicle sales hit 7.9 million unitd with 25% growth last year, while passenger car sales topped five million units.
Global auto heavyweights like General Motors Corp, Volkswagon AG, Hyundai Motor Corp. and Toyota Motor Corp. have set up joint ventures in China to build up their brands and gain a foothold in China's potentially lucrative market.
In recent times, smaller Chinese independent players such as Chery, Geely, Zhongxing, Chongqing Lifan and BYD have emerged. They have the advantage of production flexibility over their heavyweight competitors.
Chery Automobile Co. Ltd, which started in 2003, achieved its largest market share in the first quarter of 2007 of 8.2%, according to Global Insight's report. In contrast Volkswagon China achieved a 16.2% share of the Chinese market and is the market leader.
China's central government aims to have Chinese brands supplying at least half the nation’s car market by 2012 through financial assistance and indirect tax incentives.
Copyright © 2007 www.chinaknowledge.com
Send feedback or comments to: news@chinaknowledge.com
For more news, financial weekly reports, business guides to China and other premium information, subscribe to China Knowledge today
To access our page on Bloomberg, type CKFI (GO)
Printer Friendly Email Article
Jun. 22, 2007 (China Knowledge) – Chinese automobile brands are expected to acquire a 40% share of the domestic market by 2012, according to report published by Global Insight Inc.
" There are a lot of opportunities for Chinese locals [car producers] in the future. There are low penetration rates in the vehicle market and a trend to shift to the mid-class car segment," according to John Zeng, a senior analyst from Global Insight.
He added that favourable national and local government policies also help promote domestic car brands as supply structures improve and advanced technology from suppliers become more accessible.
The Shanghai Daily reports that more than 982,800 Chinese branded models were sold last year, accounting for 25.6% of the total passenger car market, according to China's Association of Automobile Manufacturers.
Car ownership in China has increased significantly over the last two decades as more people have become prosperous. Its automobile industry has seen an average growth of 25% over the previous five years. However, only 20 out of 1,000 Chinese people currently own a car. Total vehicle sales hit 7.9 million unitd with 25% growth last year, while passenger car sales topped five million units.
Global auto heavyweights like General Motors Corp, Volkswagon AG, Hyundai Motor Corp. and Toyota Motor Corp. have set up joint ventures in China to build up their brands and gain a foothold in China's potentially lucrative market.
In recent times, smaller Chinese independent players such as Chery, Geely, Zhongxing, Chongqing Lifan and BYD have emerged. They have the advantage of production flexibility over their heavyweight competitors.
Chery Automobile Co. Ltd, which started in 2003, achieved its largest market share in the first quarter of 2007 of 8.2%, according to Global Insight's report. In contrast Volkswagon China achieved a 16.2% share of the Chinese market and is the market leader.
China's central government aims to have Chinese brands supplying at least half the nation’s car market by 2012 through financial assistance and indirect tax incentives.
Copyright © 2007 www.chinaknowledge.com
Send feedback or comments to: news@chinaknowledge.com
For more news, financial weekly reports, business guides to China and other premium information, subscribe to China Knowledge today
To access our page on Bloomberg, type CKFI (GO)
Chery looks to pick off Western car markets
By Pallavi Aiyar
WUHU, China - The word "cherry" to most of the world invokes images of a round, red fruit. But if one company in central China's province of Anhui has its way, the word will soon be inextricably linked in the global imagination with Chinese cars; cars that, according to auto analysts, could soon begin to make substantial dents in world markets.
Chery Automobile Co Ltd, a once-state-owned and now independent car manufacturer headquartered in Wuhu, Anhui
province's capital city, is one of the auto companies that heavyweights from Detroit to Toyota City are keeping a particularly close eye on.
In just seven years since the company's first car came off the production line in December 1999, Chery has grown to become one of China's top auto manufacturers (ranked fourth overall), with sales in 2006 totaling more than 305,000 units, a jump of 62% over the previous year. In the same year, Chery also emerged as the country's biggest car exporter, selling more than 51,000 cars to some 30 countries in Southeast Asia, Africa, the Middle East and South America.
Chery began selling cars in Sri Lanka and Pakistan about a year ago and, according to the general manager of Chery International, Zhang Lin, the company is actively eyeing the Indian market.
When DaimlerChrysler announced a few months ago that it planned to sell its unprofitable Chrysler unit, it was rumored that Chery might be a buyer. Chrysler has since been sold to a New York-based private-equity firm, but the fact that Chery was included in discussions regarding US auto maker's future is indicative of how far the Chinese company has come since it was founded more than a decade ago.
However, for all its successes, Chery has also been dogged by controversy since its inception, sued for copying designs from Western car makers including General Motors, and accused of being unfairly bolstered by government support and subsidies.
Moreover, previously touted plans for entering the mature Western European and US markets by this year have been indefinitely delayed after a deal with Malcolm Bricklin of Visionary Vehicles collapsed last November. According to initial plans, five lines of Chery-designed cars were expected to sell 250,000 units in the United States by the end of 2007. The deal ended amid accusations of foot-dragging and design theft on Chery's part.
Jin Yibo, a Chery spokesperson, dismissed the accusations and said that the company had decided to scale back its US expansion plans since "the US is a high-end market with high demands and standards that we in China are still not ready to meet". Specifically, Jin cited environmental standards, management skills and electronic know-how as areas where Chinese auto makers lag behind their more developed counterparts.
Chery's story is in many ways emblematic of China's wider economic canvas. Ambitious and audacious, the company has achieved much and often defied expectations. Yet its aspirations to break into high-value developed markets remain constrained by innovative and technological limitations that it has yet to overcome.
Chery also remains dependent on government backing, which gives it access to long lines of credit, leading some analysts to question the company's long-term ability to stand on its own feet.
Like Chery, China as a whole aspires to move up the value chain and expand its global economic reach. Although the country has successfully transformed itself into a global factory over the past two decades, international attention has focused on the "Made in China" price, given the country's deep pool of cheap labor, rather than the "Made in China" brands. For Chery and other Chinese auto makers, such as Geely and Jiangling Motors, the goal is to become the new Toyotas and Hyundais of the world, valued not only for their price but also for design and quality.
The idea is to move on from the days when China merely provided the hands and feet for the brains of the Japanese and Koreans, and focus more on lucrative brand-building and investing in research and development. The Chinese government's repeated calls to building an "innovation society" emphasize this goal. Both Chery and the Chinese economy are on a cusp between low-cost manufacturing reliant on foreign technologies and more high-end, value-added brands and products.
The debate is really whether China and Chery will make this transition over the next few years or the next few decades. According to the state Xinhua news agency, Beijing's goal is for China to comprise 10 percent of the world's total vehicle trading volume within the next decade, up from the 0.7 percent it currently holds.
Last year China displaced Japan as the world's second-largest vehicle market after the United States. Passenger-car sales alone increased to 3.8 million in 2006. More than 120 car models are produced locally in China, with about 30 car manufacturers battling it out for the market share.
The majority of these car makers compete for the cheap-compact-auto market, an overcrowded segment plagued by declining profitability and excess production capacity that have forced many car makers to look to overseas for expansion. In 2006, Chinese auto makers exported about 325,000 vehicles, 80% of which were low-priced trucks and buses, the remaining 20% overwhelmingly cheap, compact cars, popular in the developing world. The developed-world markets continued to elude the Chinese.
But Dominik Declercq, China representative for the European Automobile Manufacturers Association, predicts that it will only take five years or so for Chinese car makers to make the international cut when it comes to quality, emission standards and safety requirements. He says the access of domestic car companies to the government's deep pockets will enable them easily to finance higher technological standards.
The real challenge for these auto upstarts, Declercq says, will be honing marketing skills, establishing distribution and spare-parts networks, and developing after-sales servicing. He says these will all be necessary to create a "quality image for Chinese cars in Western minds".
Korean and Japanese auto companies were confronted by all the same challenges when they set out to expand abroad. And just as they were able to do so despite much initial international skepticism, Declercq believes so will their Chinese counterparts. "There is a strong will, political drive and generous funding to make this [Chinese exports] happen," he concludes.
Already a number of Chinese car majors, including Chery, have begun to export to Eastern European markets such as Ukraine, Poland and Russia. Declercq believes this gives them a valuable foothold into more developed Western European markets, in addition to allowing them time to study and learn before launching a full-scale entry to the more mature Western markets.
Indeed, although the expansion of Chinese cars into the US and Europe has been slower in materializing than predicted a few years ago, this could be the lull before the storm. And given Chery's plans for entering the Indian market, it's not only the GMs and Toyotas that need to keep a sharp eye on developments in China. Tata and Maruti would also do well not to rest on their laurels.
Pallavi Aiyar is the China correspondent for The Hindu.
(Copyright 2007 Pallavi Aiyar.)
By Pallavi Aiyar
WUHU, China - The word "cherry" to most of the world invokes images of a round, red fruit. But if one company in central China's province of Anhui has its way, the word will soon be inextricably linked in the global imagination with Chinese cars; cars that, according to auto analysts, could soon begin to make substantial dents in world markets.
Chery Automobile Co Ltd, a once-state-owned and now independent car manufacturer headquartered in Wuhu, Anhui
province's capital city, is one of the auto companies that heavyweights from Detroit to Toyota City are keeping a particularly close eye on.
In just seven years since the company's first car came off the production line in December 1999, Chery has grown to become one of China's top auto manufacturers (ranked fourth overall), with sales in 2006 totaling more than 305,000 units, a jump of 62% over the previous year. In the same year, Chery also emerged as the country's biggest car exporter, selling more than 51,000 cars to some 30 countries in Southeast Asia, Africa, the Middle East and South America.
Chery began selling cars in Sri Lanka and Pakistan about a year ago and, according to the general manager of Chery International, Zhang Lin, the company is actively eyeing the Indian market.
When DaimlerChrysler announced a few months ago that it planned to sell its unprofitable Chrysler unit, it was rumored that Chery might be a buyer. Chrysler has since been sold to a New York-based private-equity firm, but the fact that Chery was included in discussions regarding US auto maker's future is indicative of how far the Chinese company has come since it was founded more than a decade ago.
However, for all its successes, Chery has also been dogged by controversy since its inception, sued for copying designs from Western car makers including General Motors, and accused of being unfairly bolstered by government support and subsidies.
Moreover, previously touted plans for entering the mature Western European and US markets by this year have been indefinitely delayed after a deal with Malcolm Bricklin of Visionary Vehicles collapsed last November. According to initial plans, five lines of Chery-designed cars were expected to sell 250,000 units in the United States by the end of 2007. The deal ended amid accusations of foot-dragging and design theft on Chery's part.
Jin Yibo, a Chery spokesperson, dismissed the accusations and said that the company had decided to scale back its US expansion plans since "the US is a high-end market with high demands and standards that we in China are still not ready to meet". Specifically, Jin cited environmental standards, management skills and electronic know-how as areas where Chinese auto makers lag behind their more developed counterparts.
Chery's story is in many ways emblematic of China's wider economic canvas. Ambitious and audacious, the company has achieved much and often defied expectations. Yet its aspirations to break into high-value developed markets remain constrained by innovative and technological limitations that it has yet to overcome.
Chery also remains dependent on government backing, which gives it access to long lines of credit, leading some analysts to question the company's long-term ability to stand on its own feet.
Like Chery, China as a whole aspires to move up the value chain and expand its global economic reach. Although the country has successfully transformed itself into a global factory over the past two decades, international attention has focused on the "Made in China" price, given the country's deep pool of cheap labor, rather than the "Made in China" brands. For Chery and other Chinese auto makers, such as Geely and Jiangling Motors, the goal is to become the new Toyotas and Hyundais of the world, valued not only for their price but also for design and quality.
The idea is to move on from the days when China merely provided the hands and feet for the brains of the Japanese and Koreans, and focus more on lucrative brand-building and investing in research and development. The Chinese government's repeated calls to building an "innovation society" emphasize this goal. Both Chery and the Chinese economy are on a cusp between low-cost manufacturing reliant on foreign technologies and more high-end, value-added brands and products.
The debate is really whether China and Chery will make this transition over the next few years or the next few decades. According to the state Xinhua news agency, Beijing's goal is for China to comprise 10 percent of the world's total vehicle trading volume within the next decade, up from the 0.7 percent it currently holds.
Last year China displaced Japan as the world's second-largest vehicle market after the United States. Passenger-car sales alone increased to 3.8 million in 2006. More than 120 car models are produced locally in China, with about 30 car manufacturers battling it out for the market share.
The majority of these car makers compete for the cheap-compact-auto market, an overcrowded segment plagued by declining profitability and excess production capacity that have forced many car makers to look to overseas for expansion. In 2006, Chinese auto makers exported about 325,000 vehicles, 80% of which were low-priced trucks and buses, the remaining 20% overwhelmingly cheap, compact cars, popular in the developing world. The developed-world markets continued to elude the Chinese.
But Dominik Declercq, China representative for the European Automobile Manufacturers Association, predicts that it will only take five years or so for Chinese car makers to make the international cut when it comes to quality, emission standards and safety requirements. He says the access of domestic car companies to the government's deep pockets will enable them easily to finance higher technological standards.
The real challenge for these auto upstarts, Declercq says, will be honing marketing skills, establishing distribution and spare-parts networks, and developing after-sales servicing. He says these will all be necessary to create a "quality image for Chinese cars in Western minds".
Korean and Japanese auto companies were confronted by all the same challenges when they set out to expand abroad. And just as they were able to do so despite much initial international skepticism, Declercq believes so will their Chinese counterparts. "There is a strong will, political drive and generous funding to make this [Chinese exports] happen," he concludes.
Already a number of Chinese car majors, including Chery, have begun to export to Eastern European markets such as Ukraine, Poland and Russia. Declercq believes this gives them a valuable foothold into more developed Western European markets, in addition to allowing them time to study and learn before launching a full-scale entry to the more mature Western markets.
Indeed, although the expansion of Chinese cars into the US and Europe has been slower in materializing than predicted a few years ago, this could be the lull before the storm. And given Chery's plans for entering the Indian market, it's not only the GMs and Toyotas that need to keep a sharp eye on developments in China. Tata and Maruti would also do well not to rest on their laurels.
Pallavi Aiyar is the China correspondent for The Hindu.
(Copyright 2007 Pallavi Aiyar.)
aint that a bitch...
hallooooooooooo!?!?!?!?!?!?!?
jemand da?
gruß
jemand da?
gruß
Bin auch noch da! Was den hier los -11%
Antwort auf Beitrag Nr.: 30.306.116 von Madmission am 25.06.07 14:19:33na die chinesischen börsen sind los!!!!
ich habe ja gesagt hier geht es wieder nach unten!!!
wenigstens hat die firma substanz, also kein grund einzupacken und das weite zu suchen....
über 0,10 sollten sie aber bleiben!
Gruß
ich habe ja gesagt hier geht es wieder nach unten!!!
wenigstens hat die firma substanz, also kein grund einzupacken und das weite zu suchen....
über 0,10 sollten sie aber bleiben!
Gruß
Bin noch fast 20% im plus, von daher kein problem für mich. Ich denk langfristig!
Letztens noch für 0,124 zugekauft,autsch.
Und jetzt kommen nochmal Schnäppchenpreise...
Na,schaun wir mal...
Gruß,Kap IV
Und jetzt kommen nochmal Schnäppchenpreise...
Na,schaun wir mal...
Gruß,Kap IV
Antwort auf Beitrag Nr.: 30.309.198 von Madmission am 25.06.07 16:54:01ich bin noch fast 35% im plus, sollte es weiter runter gehen lege ich zwischen 0,09 und 0,10 nach!!!
ich glube an die firma!
Gruß
ich glube an die firma!
Gruß
Antwort auf Beitrag Nr.: 30.314.280 von KapitalistIV am 25.06.07 21:37:42ach das wird schon!
stay long!
Gruß
stay long!
Gruß
Genau mein reden. Bei unter 0,9 kauf ich auch nochmals nach, sollte es den soweit kommen. Ansonsten lass ich die bude laufen. Ich möchte sogern wissen wie wir stehen, wenn wirklich 2012 2.000.0000 produziert werden. Mir schwebt immer so der € vor, deswegen ist das bischen rauf und runter pillepapp.
Antwort auf Beitrag Nr.: 30.321.241 von Madmission am 26.06.07 11:20:40bin bei 0,08 rein, wenn wir die 0,8 erreichen rahme ich den depotauszug, bei 8,0 schmeiß ich ne party!
Gruß
Gruß
Antwort auf Beitrag Nr.: 30.324.782 von wgumcd am 26.06.07 14:13:33
yes, habe die dividende bekommen!!!!
yes, habe die dividende bekommen!!!!
Sollten wir die 8€ erreichen wäre ich fast millionär. Mit 2,3€ wäre ich zufrieden. Immer diese hirngespinnste und hoffungen, aber das ist schließlich der grund warum wir das hier machen. Spätestens in der zukunft wissen wir mehr.
Antwort auf Beitrag Nr.: 30.326.249 von Madmission am 26.06.07 15:21:36du weißt doch die hoffnung stirbt zu letzt!!!
soll ruhig noch was fallen dann wird nachgekauft!!!
soll ruhig noch was fallen dann wird nachgekauft!!!
Also,wenn der Kurs noch ein bisschen fällt kauf ich definitiv noch mal,andernfalls vielleicht auch....
Ich denke die kriegen das hin!
Gruß,Kap IV
Ich denke die kriegen das hin!
Gruß,Kap IV
guten morgen!
wollen wir mal schauen was der tag so bringt!
Gruß
wollen wir mal schauen was der tag so bringt!
Gruß
Frankfurt +11%
Antwort auf Beitrag Nr.: 30.344.458 von Madmission am 27.06.07 11:07:38habe ich gerade gesehen!
Mad mein freund was ist hier los??????
gruß
Mad mein freund was ist hier los??????
gruß
?????
Was hab ich denn verpasst, außer Nachkaufen?
Was hab ich denn verpasst, außer Nachkaufen?
Antwort auf Beitrag Nr.: 30.349.290 von KapitalistIV am 27.06.07 15:20:40so wirklich sicher ist sich hier glaube ich keiner was heute los war....
ich hätte da ne theorie:
der einbruch der börsen in china hat zu angstverkäufen bei geely geführt (nicht panik nur angst), welche SL-aufträge ausgelöst haben... langsam fangen die leute an wieder zu kaufen, weil der laden substanz hat.
was denkt ihr?
Gruß
ich hätte da ne theorie:
der einbruch der börsen in china hat zu angstverkäufen bei geely geführt (nicht panik nur angst), welche SL-aufträge ausgelöst haben... langsam fangen die leute an wieder zu kaufen, weil der laden substanz hat.
was denkt ihr?
Gruß
Kann auch sein das nach 30%+ gewinne realisiert wurden? "Meine theorie." Ich muss euch was gestehen, ich bin blutiger anfänger an der börse, soviel ahnung hab ich noch nicht.
Antwort auf Beitrag Nr.: 30.353.124 von Madmission am 27.06.07 18:12:22Macht ja nix,ich bin schon länger Anfänger,fahr aber ganz gut damit!
Ne Menge sogenanntes Börsenwissen kann man eh in die Tonne kloppen.
Gruß,Kap IV
Ne Menge sogenanntes Börsenwissen kann man eh in die Tonne kloppen.
Gruß,Kap IV
Antwort auf Beitrag Nr.: 30.353.124 von Madmission am 27.06.07 18:12:22ich bin seit zehn jahren anfänger! ich könnte dir geschichten aus der DOTCOM zeit erzählen da würdest du anfangen zu weinen! egal was du tust, Stop Loss setzen!!!
Kann auch sein das nach 30%+ gewinne realisiert wurden?
schon möglich aber die aktie wurde meines erachtens eher von langfristig orientierten anlegern gekauft. was zur zeit in china abgeht ist unglaublich... die spargut haben werden aufgelöst und in aktien gesteckt... in china sagt man, es gibt bei jedem unternehmen drei bilanzen, eine für den staat, eine für die börse und eine für den internen gebrauch! was glaubst du was da abläuft!
Die lebensmittelpreise für eier und schweinefleisch steigen, das sind chinesische grundnahrungsmittel, INFLATION!!!!
der chinesische notenbankchef Z. Xiaochuan schließt eine leitzinserhöhung nicht aus, zwei mal wurde schon erhöht.
der mindestreservesatz fünfmal!!!
wir haben eine blase die frage ist wann sie platzt! Geely wird in mitleidenschaft gezogen da alles über einen kamm geschert werden wird!!!
Also setzt SL und warte. ich bin zu 0,08 rein und habe den SL so eng, dass ich inkl. gebühren +/-0 rausfliegen werde sollte es so runter gehen! dann steige ich wieder ein! geely hat substanz!!!!
Gruß
Kann auch sein das nach 30%+ gewinne realisiert wurden?
schon möglich aber die aktie wurde meines erachtens eher von langfristig orientierten anlegern gekauft. was zur zeit in china abgeht ist unglaublich... die spargut haben werden aufgelöst und in aktien gesteckt... in china sagt man, es gibt bei jedem unternehmen drei bilanzen, eine für den staat, eine für die börse und eine für den internen gebrauch! was glaubst du was da abläuft!
Die lebensmittelpreise für eier und schweinefleisch steigen, das sind chinesische grundnahrungsmittel, INFLATION!!!!
der chinesische notenbankchef Z. Xiaochuan schließt eine leitzinserhöhung nicht aus, zwei mal wurde schon erhöht.
der mindestreservesatz fünfmal!!!
wir haben eine blase die frage ist wann sie platzt! Geely wird in mitleidenschaft gezogen da alles über einen kamm geschert werden wird!!!
Also setzt SL und warte. ich bin zu 0,08 rein und habe den SL so eng, dass ich inkl. gebühren +/-0 rausfliegen werde sollte es so runter gehen! dann steige ich wieder ein! geely hat substanz!!!!
Gruß
Ist schon alles mit risiko verbunden jedoch sind die gewinne auch sehr aussichtsreich. Was schätzt ihr mit wieviel verlust geely im fall eines crashs rechnen muss? Also ich bleib long mit sl natürlich. Chinesen sparen sich doch alles vom mund ab, die essen lieber ein ei weniger, wenn sie sich dafür später ein auto kaufen können.
ich kann mir vorstellen, dass wenn es schlimm kommt 0,08-0,10, wenn es ganz böse 0,06-0,08.
hmm, nur meine meinung!
gruß
hmm, nur meine meinung!
gruß
Also im schlimmsten fall -50% deiner meinung nach. Dann werde ich einfach nachlegen und gut is. Ansonsten hoffe ich, dass es wieder bergauf geht 0,13€ müssen mal wieder drin sein!
Antwort auf Beitrag Nr.: 30.365.215 von Madmission am 28.06.07 12:24:38ohne nachrichten (und es ist gerade sehr still), ist 0,115-0,12 schon ganz ok...
ich denke die nächsten 6-12 monate sind intressant!Gruß
ich denke die nächsten 6-12 monate sind intressant!Gruß
CHINA
!
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Kopfschmerzen bereitet mir das nicht. Wenn das bläschen platzt gehts runter aber danach wieder rauf. Die chinesen träumen alle vom eigenen auto. Was mir sorgen macht ist die frage ob die sich in 20 jahren den sprit noch leisten können???
was geht?
gruß
gruß
Hallo, hier mal ein Link zum Geely Listing in HongKong. Der deutsche Kursverlauf ist ja leider immer wenig Aufschlussreich...
http://finance.yahoo.com/q?s=0175.HK
http://finance.yahoo.com/q?s=0175.HK
Art: Länder:
Analyse
Geely Auto Downgrading durch Citigroup
Fundamental-Analyse
Die Aktie des chinesischen Autobauers Geely Automobile Holdings Ltd wird von der Citigroup von bisher "buy" auf "sell" abgestuft. Ebenfalls nach unten ging es mit dem Kurs Ziel von bisher 1,33 HKD auf jetzt 1,07 HKD.
Es werden schlechtere Zahlen erwartet, vor allem im Angesicht eines Preisschnittes von 10 % bei enigen Modellen.
Die Aktie steht zur Zeit bei 1,22 HKD. 04.07.2007 (il)
Bewertung: Verkaufen
Die Jungens verstehen was von ihren Handwerk
Also
Alle raus !!!!!!
Ich komm schon noch an 50K ran
Geely sagt der Anal List ist SCHEIßE
Also raus nichts wie raus.
MÄDELS
gruß vom Wuscher
Analyse
Geely Auto Downgrading durch Citigroup
Fundamental-Analyse
Die Aktie des chinesischen Autobauers Geely Automobile Holdings Ltd wird von der Citigroup von bisher "buy" auf "sell" abgestuft. Ebenfalls nach unten ging es mit dem Kurs Ziel von bisher 1,33 HKD auf jetzt 1,07 HKD.
Es werden schlechtere Zahlen erwartet, vor allem im Angesicht eines Preisschnittes von 10 % bei enigen Modellen.
Die Aktie steht zur Zeit bei 1,22 HKD. 04.07.2007 (il)
Bewertung: Verkaufen
Die Jungens verstehen was von ihren Handwerk
Also
Alle raus !!!!!!
Ich komm schon noch an 50K ran
Geely sagt der Anal List ist SCHEIßE
Also raus nichts wie raus.
MÄDELS
gruß vom Wuscher
Antwort auf Beitrag Nr.: 30.530.271 von Wuscher am 06.07.07 23:14:16
Genau!
Warte schon die ganze Zeit,das News und Ratings auf den Kurs drücken!
Will doch nochmal richtige Schnäppchenpreise.
Will denn keiner billigst verkaufen?
Gebt euch mal einen Ruck und haut den Kram raus!
Gruß,Kap IV
Genau!
Warte schon die ganze Zeit,das News und Ratings auf den Kurs drücken!
Will doch nochmal richtige Schnäppchenpreise.
Will denn keiner billigst verkaufen?
Gebt euch mal einen Ruck und haut den Kram raus!
Gruß,Kap IV
ja nee is klar ihr basher
hört auf die jungs, ich will auch noch mal billig aufstocken!!!
gruß
hört auf die jungs, ich will auch noch mal billig aufstocken!!!
gruß
Antwort auf Beitrag Nr.: 30.586.429 von wgumcd am 09.07.07 09:07:37das war wohl nichts
Antwort auf Beitrag Nr.: 30.587.702 von wgumcd am 09.07.07 10:17:49Verflixt aber auch!
dann muss es jetzt "leider" doch nach oben gehen
Antwort auf Beitrag Nr.: 30.587.905 von Bacchus80 am 09.07.07 10:29:15ok, ich muss mich wohl damit abfinden...
hebt die stimmung!!!
Gruß
hebt die stimmung!!!
Gruß
Sowas aber auch....
Alles im grünen bereich leute?!
18.07.2007 06:37
China's Geely Group sees 2007 car exports at over 40,000 units
BEIJING (XFN-ASIA) - Geely Holding Group, China's largest privately-owned automaker and parent of Geely Automobile Holdings (Nachrichten) Ltd (HK 0175), said it expects car exports to surpass 40,000 units this year, compared to 15,000 in 2006.
The company said in a statement on its website that exports of the CK model totaled 13,000 units in the first half.
It added that the CK car recently underwent testing in Spain which cleared the way for its export to Europe. No details on the testing were provided.
Geely Group set a 2007 sales target of 300,000 vehicles at the beginning of the year, with exports projected at 33,000.
In the first half, Geely Holding Group's overall sales totaled 111,143 vehicles, compared to 105,900 a year earlier.
derek.jiang@xfn.com
-
xfndj/xfntm
aufmerksam Cool
Eine Frage
Worauf warten Sie noch....
breites Grinsen aufmerksam gähnen
mfg
China's Geely Group sees 2007 car exports at over 40,000 units
BEIJING (XFN-ASIA) - Geely Holding Group, China's largest privately-owned automaker and parent of Geely Automobile Holdings (Nachrichten) Ltd (HK 0175), said it expects car exports to surpass 40,000 units this year, compared to 15,000 in 2006.
The company said in a statement on its website that exports of the CK model totaled 13,000 units in the first half.
It added that the CK car recently underwent testing in Spain which cleared the way for its export to Europe. No details on the testing were provided.
Geely Group set a 2007 sales target of 300,000 vehicles at the beginning of the year, with exports projected at 33,000.
In the first half, Geely Holding Group's overall sales totaled 111,143 vehicles, compared to 105,900 a year earlier.
derek.jiang@xfn.com
-
xfndj/xfntm
aufmerksam Cool
Eine Frage
Worauf warten Sie noch....
breites Grinsen aufmerksam gähnen
mfg
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