Industry
BYD planning layoffs in sales, marketing units
Chinese battery and automaker BYD Co Ltd is planning large-scale layoffs of its workforce to weather a sharp dive in sales and earnings in...
Dongfeng profit down 10%
Chinese auto maker Dongfeng Motor Group Co said Tuesday its first-half profit fell 10% from a year earlier, dragged by slower growth of automobile...
SAIC profits up 46.1% in H1
Top Chinese automaker SAIC Motor Corp reported a 46.1 percent gain in its first-half earnings thanks to brisk sales of Buick and Volkswagen models...
BYD in need of recharge, analysts say
Chinese car and battery manufacturer BYD Co is reporting an 89 percent fall in first-half net income due to sluggish sales. The Shenzhen-based company...
GM cuts prices to maintain lead in Chinese market
General Motors Co (GM) is sacrificing profit margins to maintain market share in China, cutting prices of low-cost minivans by as much as 15...
Volkswagen to Export the Beetle from Mexico to China
The third generation of the iconic VW Beetle will go on sale in the US in October, and the markets around the world will...
Mercedes-Benz China sales Down in July
Mercedes-Benz says China sales totaled 14,470 in July, down 14.5% from June. Mercedes-Benz's China sales in the first seven months are up 50% from...
China’s BYD to raise up to $939 mn in bond sale
Chinese car maker BYD, which is backed by US investment titan Warren Buffett, said Friday it plans to sell up to six billion yuan...
Volvo S60 and XC60 to be made in China
The Volvo S60 sedan and XC60 SUV will be made in China. They will be the first Volvo's to roll off the the line...
BYD shares plummet, spotlight falls on Buffett
BYD Co’s profit warning and failure to deliver its promised electric car plan sent shares plunging to a more than two-year low, as the...