China

Tokyo, June 26, 2008 — Mitsubishi Motors Corporation (MMC) today signed a technology licensing agreement with its powertrain JV enterprise in China Harbin Dongan Automotive Engine Manufacturing Co., Ltd. (DAE) covering production of 4- and 5-speed automatic transmissions.

DAE began construction work on a new factory in March this year with a view to commence production in April 2010. Plans call for the new facility to have an annual production capacity of 150,000 units and to produce 50,000 units in its first year of operation. Production capacity will be raised to meet future increases in demand.

TOKYO, June 16, 2008 — Nissan Motor Co., Ltd., today announced that the first all-new Nissan Teana, the flagship model in the company’s line-up in the Chinese market, rolled off the lines at the Xianfang plant of Dongfeng Motor Co., Ltd. (DFL), Nissan's partner in China. The premium sedan made its global debut at Auto China in April 2008 where it received the “Best World Premier” award.

2008 Nissan Teana 250XV

Ford to export more than 30,000 North American-built vehicles to China

WASHINGTON, D.C., June 16, 2008 – Ford Motor Company will begin exporting additional automotive products and transmission parts to China, thanks to agreements signed in Washington, D.C., today. The total value of the pact is estimated to be more than $800 million.

Highlights:
* Ford Motor Company enters into export agreement today valued at more than $800 million
* Sale to include Michigan-built transmissions
* Production for China to benefit various Ford operations in the United States and Canada

June 16, 2008 -- Recently, World Brand Lab has released the top 500 most valuable brands of china in 2008, among which Geely ranked in successive four years and stood the first among self-owned automobile brands with its RMB 6.288 billion assets.

Round 3 Race Report

June 10, 2008 -- June 8, Beijing Golden Port Circuit Round 3 of the “China Circuit Championship” or “CCC” took place at Beijing’s Golden Port Circuit (1 lap, 2.39kms), continuing the closely-fought battle from the last round in the series. The winner in the 1,600 class was a NISSAN Tiida, run by the DongFeng NISSAN Ghia Team, driver #4Lin Li Feng taking a lights-to-flag victory.

Partnership with First Automobile Works (FAW) established 1988

June 6, 2008 -- Audi celebrated the 20th anniversary of its partnership with First Automobile Works (FAW) in Changchun today and laid the cornerstone for a new assembly hall. The company also announced the local production of the Audi Q5 at the Changchun plant.

Highlights:
-Cornerstone laid for new assembly hall in Changchun
-Local production of the Audi Q5 in China announced

Company to Build New Plant in Zhengzhou

BEIJING, May 28, 2008 – Dongfeng Motor Co., Ltd. (DFL), Nissan’s local partner in China, today announced it’s 2008 to 2012 mid-term business plan for China focused on building a stronger market position and increased global competitiveness.

The ambitious five-year plan, named Plan 13 ("one cubed"), expands on the company’s previous business blueprint, Plan 23 ("two cubed"), under which the company doubled sales volume between 2003 and 2007.

Plan 13 has the following objectives represented by three “1”s:

1. Significant Growth
Further business expansion targeting sales of 1 million vehicles and revenue of RMB 100 billion (USD: 14.5 billion) by 2012

2. Operational Enrichment

First batch to Africa and Russia

2008-05-27 -- In the midst of May, 270 Gwperi were shipped to Algeria and its surrounding countries from Xingang, Tianjin, China. At the same time, another 286 Gwperi were transported to Russia by railway. Today, 710 Gwperi have been exported since its launching. Hence, the target to launching Gwperi both at home and abroad has been realized.

Gwperi waiting for shipment

May 26, 2008 -- The spokesman of Geely Group issued a statement to the media regarding the company’s series of ongoing relief operations after the major earthquake disaster in Sichuan. The spokesman pointed out that through sufficient propaganda, Geely Group advocated the cadres, employees and suppliers, distributors, service providers to help the peoples in the disaster areas after the disaster occurred.

The series rescue and relief activities have being moved into top gear in the head quarter of Geely Group, each production base, distributors, the suppliers and service providers in locals. The relief activities of Geely Group are mainly composed with capital donation, blood donation and vehicles contribution.

RMB 1.2 million of which from Li Shufu

May 26, 2008 -- In 2008, China was tested a lot. On 12th May, the serious earthquake was occurred in Wenchuan County, Sichuan Province, which shocked the whole nation. Thousands of Collapsed houses and immerged lives were occurred in one moment. As of 7:00 pm of 13th, May, 12,012 people dead, 9,404 people were buried and 7,841 people missed.

The pains of blood and tears, the disaster of death and life; mourn and pray the peace for the death and the lives. While facing to the miserable disaster, we shall have one mind and one heart to overcome difficulties instead of just in the endless sorrow. As well to assist the recovery of the quake-hit area is the responsibilities for everybody.

DETROIT, 2008-05-20 - General Motors (GM) today announced that the General Motors Foundation and GM China have donated in excess of $1 million to support relief victims in China and Myanmar. GM China has made donations of over $850,000 for local efforts; the GM Foundation has donated $200,000 to the American Red Cross, China Disaster Response Fund and $50,000 to the United Nations World Food Programme to aid victims of the cyclone in Myanmar.

Additionally, GM China has pledged to match its employee contributions for local disaster response efforts and the GM Foundation will match other employee contributions made by May 27, 2008, to the American Red Cross, China Disaster Relief Fund and UN World Food Programme, up to a total of $100,000.

May 20, 2008 -- Daihatsu Motor Co., Ltd. wishes to express its deepest condolences for those who lost their lives in the earthquake that struck Sichuan Province in China and its concerns for everyone in the devastated area.

Daihatsu Motor decided on May 19 to contribute 300,000 yuan (approx. 4.5 million yen) in aid, via the Japanese Red Cross Society, to assist earthquake relief efforts.

Source: Daihatsu Motor Co., Ltd.

2008-05-17 -- The annual Durban Motor Show was held in Durban exhibition centre during April 10 to 13, 2008. The biggest difference from previous shows was that one Chinese independent brand — Great Wall Motor (GWM) attended. At the exhibition, Great Wall Motor formally launched the New Logo and the new model Hover.

Debut of Great Wall Motors at Durban Motor Show

Great Wall Motor booth covers an area of 400 square meters which is the second biggest one next only to Toyota stand. Besides, all together 8 models were showed in the motor show, including Hover limo and GW Peri, their debut in South Africa market.

Appeal for all BMW dealers and customers to join forces to combat the disaster

Munich/Beijing, 05/15/2008 -- The powerful earthquake which hit Sichuan Province with a magnitude of 7.8 caused severe damage in the area and BMW China and BMW Brilliance have responded with prompt action. BMW donated RMB 1,000,000 to the Red Cross Society of China for the eathquake disaster relief and assigned 3 units of BMW X3 for the rescue team to help disaster relief.

At the same time, BMW appealed to all BMW dealers and customers to provide their support as much as possible to join forces in times of hardship. BMW staff have also started to donate funds and the donations will be sent to the earthquake-hit area.

May 16, 2008 -- Billed as a Chinese automotive industry feast, the Beijing Auto Show opened on April 20. It is on this stage that, after implementing a strategic transition, Geely will reveal its vision for the future. With 23 new models being unveiled for rollout over the next two years, this future is set to be a very exciting one for Geely both on the local market and internationally.

Highlight 1: Most of the cars shall be launched in the following 2 years

The Geely booth at the international museum is over 1500 square meters in area, showcasing 23 cars, representing a new record for Geely in its auto show history. The number of models on display is not only significant amongst the local brands but rivals the displays of the various international brands.

Audience claims 5 out-of-expectations

May 16, 2008 -- 2008 Beijing International Automotive Exhibition kicks off at the enlarged China International Exhibition Center on April 20. Ground shaking series of cars debuted by Geely Auto are real eye catchers at the Show. Five “out-of-expectations” constitute the most unanimous judgment that the audience have come to during the exhibition this year.

ZAP Challenges Others to Match or Exceed Its $50,000 Donation

DEZHOU, SHANDONG PROVINCE, CHINA and SANTA ROSA, CA, May 15, 2008 -- California electric car pioneer ZAP (OTC BB:ZAAP.OB) is starting a relief fund with the factory for its Xebra electric car and truck to aid victims of the May 12 earthquake in Sichuan, China.

ZAP Xebra Factory Shandong Jindalu Plants 1000 Trees: Chinese electric car pioneer Shandong Jindalu planted 1,000 trees in China as part of a US-China joint venture with ZAP of the United States.

ZAP is asking the public and Corporate America to make donations to assist the relief efforts in China. ZAP will match donations up to $50,000 to the American Red Cross.

May 16, 2008 -- Since the opening of the Bejing Auto Show, Geely booth has always been packed with people, among which there is a special team, who have paper and pens on hand and keep asking the visitors about their comments and suggestions to Geely. They are the survey team of Geely booth satisfaction, which are responsible to survey the audience to Geely booth, and obtain first-hand information for Geely’s next and future development.

According to the introduction, on Apr. 28, the final day of the auto show,Geely Collective Strategy Brand Committee will hold a special conference on Beijing Auto Show for research and decisions on Geely’s production orientation and logo category application etc. according to the satisfaction data report of the survey team.

Emergency Service Calls in 8 Provinces Activated as Total Donation Value for Transport Vehicles, Emergency Tents & Cash Exceeds RMB 16.0 Mio (US$ 2.3 Mio)

May 13, 2008 -- Chery Automobile Group has taken immediate pro-active steps to support the ongoing nationwide emergency relief operations coordinated by the government, and has initiated a series of very effective support efforts. Since the news on the devastating earthquake has emerged on May 12th, the company has promptly reacted by donating a fleet of 30 vehicles to assist the transportation needs for relief operations.

May 16, 2005 -- On the 25th, Wan Gang, vice chairman of CPPCC and Minister of Science and Technology, visited Geely booth at the Beijing Auto Show, and saw the exhibited models on the spot. Geely’s participation this time received a high praise from Wan Gang.

In front of Geely GT, Geely’s concept car, Wan Gang listened with interest to the introduction of related representatives of Geely, and occasionally asked about the design and power configuration etc. of the model. Wan Gang was very glad to hear that the vehicle has adopted several new and high technologies and even cutting-edge automobile technology. Wan Gang said that Geely GT is very good, and the concept car has well integrated style design and cutting-edge technology.