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Beijing Auto
1.490 documents for Beijing Auto
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SHANGHAI - Officials at Chrysler LLC and Chinese carmaker Beijing Automotive Industry Holding Corp. refused comment on a report that the Chinese automaker might bid for assets of Chrysler LLC. The state-run newspaper China Business News, citing an unnamed Beijing Auto executive, said Beijing Automotive wanted to acquire Chrysler assets using a similar approach to that taken by Nanjing Automobile (Group) Corp.'s when it bought defunct automaker MG Rover Group.
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BEIJING (AP) -- A shortage of auto parts and other components after Japan's earthquake has stirred unease about two pillars of manufacturing: the country's role as a crucial link in the global supply chain and "just in time" production. Manufacturers slashed costs by adopting Japanese-style small inventories and close links to a tight circle of suppliers. But that left them without a cushion of raw materials to ride out disruptions, forcing factories as far away as Louisiana to close when the March 11 quake and tsunami battered Japanese producers.
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The Chinese government has been using its massive stimulus of the economy in part to reverse years of privatization and allow large state-owned enterprises to grab back assets in major industries. While the Obama administration debates to what extent the state should involve itself in health care, banking and auto manufacturing industries, authorities in Beijing have launched "consolidation drives" - putting pressure on independent steel companies and firms in the iron, coal, energy and airline sectors, among others, to sell majority stakes to state-owned rivals, financial analysts here say.
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BEIJING - Already the biggest auto market and steel maker, China edged past Germany in 2009 to become the top exporter, yet another sign of its rapid rise and the spread of economic power from West to East. Total 2009 exports were more than $1.2 trillion, China's customs agency said Sunday. That was ahead of the $1.17 trillion forecast for Germany by its foreign trade organization, BGA.
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BUICK SURVIVES. SURPRISED? You wouldn't be if you knew that GM sells more Buicks in China than in the United States. That also explains why Buick's new midsize sedan, the 2010 LaCrosse, was designed in partnership with GM's Pan Asia Technical Automotive Center in China. Looking much like the Buick Invicta show car introduced at the 2008 Beijing Auto Show, the LaCrosse has six portholes on its hood. That means there are six cylinders underneath, in the form of a 255-horsepower, 3.0-liter V6 or a 280- horsepower, 3.6-liter V6 with a six-speed automatic transmission. Options include in-dash navigation, Bluetooth connectivity, rear- window sunshade and a DVD entertainment system. Dear Tom and Ray: We recently bought a 2008 Prius, and just love it. But we're having a bit of a discussion abou...
