Industry
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...
Hertz to start electric vehicle rental program in China
Global vehicle rental giant Hertz Corp announced plans on Wednesday for an electric-vehicle (EV) rental business in China, the first overseas car rental company...
China’s Dongfeng Motor plans to invest in Turkey
The Chinese automotive company Dongfeng Motor, or DFM, plans to invest in the western province of İzmir, said the head of the city’s Chamber...
Volvo aims to sell 50.000 cars in China this year
Volvo Car, owned by China's Geely, aims to sell 50,000 cars in China this year , a senior executive said on Tuesday. Richard...
Buffett might buy big in China’s BYD
Warren Buffett has a Chinese car problem, and he may be tempted to fix it himself -- at a cost of billions of dollars.
At...
Nepali market for Chinese cars growing slowly
KATHMANDU-- Although Chinese cars are being introduced in the Nepali market in a big way, they are still struggling to make their presence in...
Geely net Profit up 17% in China
China's Geely Automobile said its first-half net profit jumped 17% from a year ago but warned that demand will slow in the next six...
China auto industry challenged by slow infrastructure development
After more than two-years of rapid growth, China's booming passenger car market experienced a slow summer in 2011. With the future of the car...
Buffett’s backing fails to improve BYD’s status
HONG KONG - Warren Buffett's support for BYD Co is proving no solace for investors, as analysts rate the Chinese automaker the lowest among...
Chery to set up JV to further explore African car market
Leading private Chinese automaker Chery will set up a joint venture (JV) with China-Africa Development Fund to further explore the car market in Africa,...