May

New Oil Depot Opens in Shanghai

Posted by Brian Published in Business, Cars, Enviroment, Industry

Bailian Oil Depot officially opened last Friday in Shanghai Chemical Industry Park. Shanghai Fuel Co Ltd, a wholly-owned subsidiary of Shanghai Material Trading, spent RMB 600 million to set up the oil depot.

The depot covers 212 Mu in SCIP and has a designed tank capacity of around 200,000 cubic meters. It is estimated that the oil depot will have an annual throughput between 3 million and 4 million cubic meters. Moreover, an emergency product oil reserve will be built to house 30,000 tons of diesel oil.

Shanghai Material Trading expects that the new depot will help it become a more modernized petrochemical logistics company.

(Source) China Knowledge

Tags: bailian, company source, cubic meters, diesel oil, industry park, last friday, logistics company, mu, new oil, oil reserve, petrochemical, scip, shanghai, subsidiary, tank capacity, throughput

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Apr

Looks Like a Corvette ZR1; It’s a Bertone Mantide

Posted by Chris Published in 2009 Vehicles, Supercar

The car in the picture above sure looks dazzling. It’s a Bertone Mantide although you might have suspected it was a Corvette. You weren’t far off either since the car is part ZR1 and part Italian. The car was designed by Jason Castriota and you’re probably never going to afford it. It was shown at the Shanghai Auto Show and inside you’re going to get a 638-horsepower supercharged LS9 2009 Corvette ZR1. The body is made out of carbon fiber which makes it 220 lbs lighter than the ZR1. The car goes to 62mph in just 3.2 seconds and it can reach a top speed of 217mph. Impressed yet?

via jalopnik

Tags: Auto Show, Bertone Mantide, Corvette, shanghai, ZR1

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Apr

Shanghai Motor Show Opens in China

Posted by Brian Published in Business, Cars, Industry

China may be the only country right now that is showing positive sign of life as far as the car industry is concerned. Hence, with that in mind, the Shanghai Motor Show officially opened in China to which carmakers are expected to unveil 13 new models.

China has just overtaken the US as the world’s largest car market, with buyers spurred on by government incentives. US and European car sales are sharply down in the global recession.

Porsche kicked off the show on Sunday night by unveiling the Panamera, the German luxury carmaker’s first foray into the sedan segment. In another world premiere on Sunday, German automaker Daimler AG unveiled the remodelled Mercedes-Benz S65 AMG sedan. AMG sales nearly tripled in China last year.

The company says it expects government incentives to give sales of luxury cars a major boost this year. Beijing has introduced tax cuts on fuel-efficient cars and incentives for people in rural areas to buy newer models.

Organizers say the Auto Shanghai 2009 will feature 13 launches, mostly from local brands, but up from five at the show two years ago.

Most Chinese carmakers have so far focused on competing mainly on price with basic and often rudimentary vehicles, leaving foreign-branded cars to sweep up the mid- to high-end segments.

The show opens to the public for a week starting on 22 April.

(Source) BBC