China looks set to reject the proposal for a joint venture between Fuji Heavy Industries, in which Toyota holds a 16.5% stake, and the country’s seventh largest carmaker, Chery Automobile Co.
According to state sources cited by Bloomberg news, the reason is that this would give Toyota a third joint venture in the country. This violates current regulations stipulating that any overseas company can form only two joint ventures in the passenger car manufacturing field.
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China
- Slowing Demand in China Forces Luxury Carmakers Like BMW to Offer Big Incentives
- China's Geely, Owner of Volvo, Denies Interest in Buying Saab
- Report: Saab has Yet to Receive Chinese Funds
- Bentley Launches China-Only Continental Flying Spur "Linley" Special Edition
- Taiwan’s All-Electric Studio X-Gene Avant GT
- BMW Treats China with New Z4 sDrive23i Limited Edition
- Video: Man Drives Nissan In and Out of Chinese Hospital
- Ford Says it's Considering Building Electric Cars and Selling Lincolns in China
- Video: In China, the Ride Goes on Even if You're Missing a Wheel…
- Quiz: How Many Children can fit into this Small Mini Van? Try 64 if it's in China…
- Stayin’ Alive: Swedish Court Accepts Saab’s Reorganization Plan
- GM and SAIC to Develop a New Electric Vehicle in China
- Oh China…Yema Auto Presents Clones of the Audi A4, VW Tiguan and Infiniti EX
- The Manchurian Candidate: Jeep capitalizes on Fiat’s Chinese Operations, Wants to Build SUVs locally
- VW Wants Number One Spot, Will Invest US$86 Billion to Achieve its Goal
- Phoenix Sun: Saab Announces €70 million Technology Agreement
- Video: Caution, Dangerously Slippery When Wet…
- Swedish Court Rejects Saab's Reorganization Plan, is this the End?
- China Wants Car Manufactures to Shift Away from Volume and Focus on Eco-Friendliness
- Saab Seeks Court Protection from Creditors, Formulates Reorganization Plan
- Ford Plans to double its Chinese Market Presence in all Segments
- In Car Video Footage of a Very Bizarre Incident
- Buick Launces eAssist Version of LaCrosse in China
- China's BYD Sees Profits Plunge 89% in the First Half of 2011
Reports
- Toyota Warns Suppliers to Lower their Prices, or Else…
- Vauxhall's VXR8 Sport Saloon Wins MPG Marathon Award, No Really
- Slowing Demand in China Forces Luxury Carmakers Like BMW to Offer Big Incentives
- GM Says Opel Astra Convertible's Replacement to be a Standalone Model Like the VW Eos
- McLaren Delays MP4-12C Deliveries to Fix Software Glitch
- New VW Up! Priced From £7,995 in the UK, Available to Order Now
- This is how Ferrari Introduced its New FF GT in South Korea
- Say Again? Saab 9-5 Sedan 2.8V6 Turbo Named Car of the Year in Singapore
- Awesom-O: TomTom Navigation Launches Top Gear Voice Pack with Jeremy Clarkson [Video]
- Judge Rules in Favor of BMW Dealer who Fired Employee Over Facebook Posts
- Rumors: 2013 Cadillac ATS Sedan to Receive New 2.0-liter Turbo Engine
- 2012 Nissan 370Z gains Standard Oil Cooler, Base Manual Model Dropped from Roadster Range
- Ferrari CEO Says Enzo Replacement Coming Next Year, may get V12 Hybrid
- 1955 Mercedes 300SL Gullwing Special Edition Abandoned in Santa Monica Garage for 40 Years!
- What a Joyride: Cops Try to Stop Stolen JCB Forklift
- China's Geely, Owner of Volvo, Denies Interest in Buying Saab
- New Mazdas to Use "Super-Strong" Bumpers Starting with the 2012 CX-5
- Renault to Increase Output of its Brazilian Factories by 100,000 Units in 2013
- 168,000 VW Jetta, VW Golf and Audi A3 Diesel Models Recalled in the U.S. Amidst Fire Concerns
- The Story of a Man who Bought the Rights to the Auto Avio Construzioni Name Only to be Sued by Ferrari
- Report: Saab has Yet to Receive Chinese Funds
- California Wants Dealers to Put Red Stickers on Damaged Vehicles
- GM PR Tweets that the 2012 Camaro ZL1 Laps the Nürburgring in 7:41.27
- Honda to Reduce Production in Japan by 50% Over the Next Decade
- Toyota Maintains World’s Number One Spot in Global Value Report
Subaru
- Subaru Doesn't Want Toyota's Help on Hybrid Tech, will Develop its Own System
- Land Rover Scores 54% of the Vote in MSN Cars’ Poll of Best 4x4 Brands
- Subaru BRZ Concept Rumored to Debut at the Los Angeles Auto Show
- Good News Everyone: Subaru's See-Through BRZ Concept gets a Lime Tint…
- IAA 2011: Subaru Launches Impreza-Based XV Crossover
- Subaru Continues Slow Striptease of Impreza-Based XV Crossover
- Subaru Names its RWD Coupe the BRZ, will Show New Concept in Frankfurt
- Subaru Announces Pricing for New 2012 Impreza, Starts at $18,245*
- Subaru Teases Frankfurt-Bound XV Crossover
- Saab 9-6: Subaru-Based Crossover Prototype Comes out of the Closet
- Subaru Signs MoU to Manufacture Compact SUV in Malaysia
- Mark Higgins to Race Subaru Cosworth Impreza STI CS400 Against Supercars at Pageant of Power
- Subaru in the Midst of Saudi Women Driving Uproar
- VIDEO: Mark Higgins' Awesome Save at 150MPH at the Isle of Man TT
- Subaru Sets New Isle of Man Lap Record with Standard Impreza WRX STI
- Too Close for Comfort: Subaru Impreza WRX Flips Over Right in Front of Spectators in Canada
- U.S. Government Focusing in on Web Gadgets that Distract Drivers
- Forza Motorsport 4: Here’s how they Record Car Engine Sounds
- Toyota Sales Plunge More than 33% in May, Chrysler Group up by 10%
- More Screaming Passengers from the 2011 Red Bull Car Drift Event in Lebanon
- Subaru Targets Young Asian American Buyers with New Sweet Tomorrow Campaign
- Mazda6 and Subaru Tribeca to be Axed, According to Report from Japan
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