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Showing posts with label China. Show all posts
Showing posts with label China. Show all posts

Honda Cars : Fooling the police with a ‘safety belt T-shirt’ in China | 2013 New Honda Car Reviews 0

Unknown | 6:32 AM
China
China

Chinese drivers who don’t like to wear a safety belt can now buy an innovative ‘safety belt T-shirt’, priced between 35 yuan and 50 yuan in various online shops. Chinese police is more alert on safety belts after a few high profile accidents where occupants were launched trough car windows and ended up very dead. The penalty for not wearing a safety belt is 50 yuan and a deduction of two points, out of 12, of the driver’s license.

Drivers hope the T-shirts will fool a busy policeman when he looks quickly inside. The shirts attracted attention from Chinese media who asked the police what they thought about all this.

Spokesman Xue Fengxian from the Shanghai Public Security Bureau Traffic Police Detachment said the driver of a vehicle is required by law to use seat belts. Wearing the T-shirt however, is not illegal in itself. Another spokesman, this time in Heilongjiang Province, called wearing the T-shirts “self-deceptive”, but also said wearing the shirts for “entertainment purposes” was allowed.

Well, with such a friendly police corps we expect sales of these shirts to go through the window roof.

Source;
http://www.carnewschina.com/2013/03/02/fooling-the-police-with-a-safety-belt-t-shirt-in-china/


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Honda Cars : GM Sells Hummer to the Chinese | 2013 New Honda Car Reviews 0

Unknown | 7:00 AM
China
China

GM Finalizes Deal To Sell Hummer To Tengzhong
General Motors Co. said it has finalized an agreement to sell its Hummer brand to China's Sichuan Tengzhong Heavy Industrial Machinery Co. (STHIM.YY), four months after the companies reached a preliminary deal.

Terms weren't disclosed, but people close to the talks told the Wall Street Journal earlier Friday the price tag was $150 million.

A finalized deal - which needed the blessing of China's government - has important overtones. It represents the country's first full-fledged acquisition of a troubled auto brand in the wake of the global economic crisis, which sent some auto makers such as GM teetering further. A flurry of such potential deals highlights Chinese companies' global ambitions, but a question remains as to whether Chinese companies such as Tengzhong would be able to revitalize troubled auto brands, especially given their executives' limited experience running global operations.

Tengzhong is buying 80% of Hummer, with local tycoon, Li Yan buying the rest. The 46-year-old is chairman of the Sichuan-based company, which he founded and successfully listed on the Hong Kong Stock Exchange in June. Lumena is one of the world's biggest producers of sodium sulphate, a key raw material used in detergents, glass and pharmaceutical products.

Finalizing the sale for Hummer comes little more than a week after its planned sale of the Saturn brand to Penske Automotive Group Inc. (PAG) fell through. GM is also trying to sell the Saab brand as part of its restructuring, while the Pontiac line will be phased out the next year.

Source;
http://online.wsj.com/article/BT-CO-20091012-707678.html


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China China