China's BYD Sees Profits Plunge 89% in the First Half of 2011

With a billionaire like Warren Buffett backing you up and forming a partnership with none other than Daimler AG is supposedly a recipe for success. Yet Chinese automaker BYD reported a 89% drop in profits in the first half of the year compared to the same period in 2010.

BYD’s sales in the first six months of 2011 were down 23.4%, to 220,131 units. Deliveries of the core models of its range, such as the F0 city car, the F3 compact and the F6 mid-sized sedan plunged right after the governments incentives for new car buyers stopped at the end of last year.

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GM’s EN-V to Replace Cars in Tianjin, China’s Futuristic Eco-City

At the 2010 Shanghai World Expo, General Motors (GM) unveiled a trio of two-wheeled neighborhood electric vehicles (NEVs) collectively named EN-V to the world.

Unlike the brand’s mainstream models, these concepts were lightweight and compact EVs for an as-of-yet unrealised city of the future. With a host of telematics and cameras to avoid other EN-Vs, pedestrians and other obstacles on the road coupled with a highly accurate GPS system, these concepts were theoretically accident-proof and self-driving.

Now a consortium from China and Singapore are drawing up plans for Tianjin Eco-City: a large-scale prototype for the sort of sustainable, high-density communities we’re expected to see in the coming decades.

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Rolls-Royce Celebrates Upcoming “Year of the Dragon” with Bespoke Collection

Google “Year of the Dragon” and chances are you ‘ll come up with either the Chinese calendar that starts on January 23, 2012, or the Michael Cimino directed and Oliver Stone scripted 1985 film starring Mickey Rourke.

Now the world’s most popular search engine will also display a new collection created by Rolls-Royce's recently expanded Bespoke Department.

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GM's Low-Cost China Brand Baojun Begins Sales of New 630 Sedan, Priced Under $10k [61 Photos]

Not content with being China's largest foreign automaker, General Motors hopes to further increase its sales in the country with its newly launched low-cost Baojun brand, which the Detroit automaker developed with local partners SAIC and Wuling.

With the Baojun brand, GM wants to compete in the fast-growing market for new cars in smaller Chinese cities targeting first-time buyers with a budget of around $10,000. Domestic Chinese rivals include Chery Automobile, Geely Automobile Holding and BYD.

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This is What Happens When You Keep Your Eyes on the Girl and not on the Road

The title of this post is pretty much self-explanatory, but if you insist here's the skinny: a man riding his scooter on the road spots a young and apparently attractive woman dressed in a knee-high dress walking on foot.

And as it surely has happened to so many others, one quick look didn't satisfy our protagonist's curiosity (or possibly admiration) so he let his guard down and turned his focus away from the road to get a 360 view of the young woman… See what happens next after the break in the security camera footage.

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This Chinese Driver is the New Guinness World Record Holder for the Tightest Parallel Parking

Records are meant to be broken and even though the Guinness World Record officials are keeping a lid on the video of the Chinese driver who beat German Ronny Wechselberger's feat for the tightest parallel parking on July 21, live footage shot by someone from the crowd has made its way online.

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Saab Sells 5 Million Shares to Find Short-Term Funds

Exactly a month ago to this day, Saab announced a deal with China's Pang Da Automobile Trade Co. and Zhejiang Youngman Lotus Automobile Co while also revealing a grand plan for expanding its range with three new models, the 9-1, 9-6X and 9-7. It also delivered its first 9-4X in the US. All’s well that ends well, right?

Well, in Saab’s case it looks like we haven’t seen the end just yet. The Swedish firm continues to face a cash-flow problem. Thus, it issued a press release concerning the subscription notice for 5 million shares under a €150 million agreement between Swan and GEM Global Yield Fund Limited.

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Toyota to Launch New Small Cars for China, Brazil and Indonesia

Toyota is planning to launch a new small car designed specifically for China in 2013, according to a report from Reuters citing the Nikkei business daily newspaper.

The new small car will be a little larger than the low-cost Etios that is sold in India. A 1.5-liter gasoline engine will power it and prices are expected to begin from under 1 million yen (approximately US$12,853).

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Made in China: Scion / Toyota iQ Copy Wants to Conquer Europe […]

It may have been a while since we last showed you a "Made in China" doppelganger, but rest assured, the economic giant from Asia, never sleeps.

As if it weren't troublesome enough that China reaps all the benefits of free trade to sell its products everywhere while enforcing all kind of rules when it comes to imports (did you know, for example, that only 20 foreign films are allowed for release in China each year?) or opening a local business, the country has also established notoriously lax patent and copyright laws.

While not in significantly large numbers, many Chinese companies have targeted the automotive industry creating various knock offs of European and Japanese vehicles. Longtime Carscoop reader John F.T. from Norway* discovered yet another copy while browsing on a local online marketplace.

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