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Saab Automobile and Spyker enter into MOU with Pang Da Automobile on distribution/manufacturing partnership for China and equity participation

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Spyker) announced that it and Saab Automobile AB have signed a Memorandum of Understanding (MoU) with Pang Da Automobile Trade Co., Ltd (Pang Da), China’s largest publicly traded automobile distributor with more than 1100 dealerships nationwide. Pang Da shall make a €30 million (US$42.4

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Auto Alliance pushing for passage of Maryland SB 1234 that would require state purchase of ZEVs; 50% of LDVs by 2026

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The Alliance of Automobile Manufacturers (Auto Alliance) is strongly supporting the passage of Maryland’s SB 1234 , a bill that would require the State of Maryland to purchase zero emission vehicles (ZEVs) for state fleets. The bill also includes a reporting requirement for State agencies that purchase vehicles.

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American Suzuki Motor receives bankruptcy court approval of up to $100M in Debtor-In-Possession (DIP) financing

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As a result, the Company will be able to borrow up to $50 million for operations and up to $50 million for purchases of inventory from Suzuki Motor Corporation (SMC). As previously announced, ASMC is continuing to market and sell its remaining US automobile inventory through its national network of automotive dealers.

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First driving behavior-based telematics automobile insurance developed for Toyota connected cars in Japan

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have jointly developed Japan’s first driving behavior-based telematics automobile insurance. The advance of telematics technologies has led to major changes in the automobile industry, such as the creation of a variety of new products and services that utilize automobile driving data. Background.

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Balqon Receives Initial $490,000 Purchase Order for Heavy-Duty Electric Drive Systems From New China-Based Distributor

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Balqon Corporation, a developer and manufacturer of zero emissions, heavy-duty electric vehicles and drive systems ( earlier post ), has received a $490,000 order for electric drive systems under a new dealer agreement with DynaProTech, a leading composite automotive parts manufacturer in the People’s Republic of China.

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Karma using independent dealers and company centers for launch or Revero plug-in hybrid

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Karma Automotive’s planned distribution strategy will use both independent dealers and also company owned brand-experience centers to sell and service the new high-end Revero plug-in hybrid. The company said it has been curating best-in-class dealers in key markets in preparation for the Revero going on sale later this year.

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Prius Accounts for 10% of All New Passenger Car Sales in Japan in November

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Toyota’s Prius maintained its top spot in Japan new passenger car sales in November for the seventh month in a row, posting 26,815 units, according to data from the Japan Automobile Dealers Association. Total passenger car sales for the month were 268,450 units. Monthly sales of the Prius in Japan since 2007. Click to enlarge.

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