Industry
FAW of China creates listing vehicle, closer to IPO
First Automobile Works Group Corp (FAW) has worked out a detailed plan to create a listing vehicle, moving a step closer to a long-awaited...
China’s BYD sees 95% tumble in first-half profit
Chinese car maker BYD has warned that its first-half profit will shrink by about 95 percent amid stiff competition and the loss of a...
Chinese city gives $9,280 subsidy on EV
The great city of Changchun in Jilin Province will give up to $9,280 subsidy to electric vehicle buyers. A great deal indeed, but Changchun...
Fiat wants 100 dealers in China by 2012
Fiat Group Automobiles, a unit of Fiat Spa , plans to expand its dealership network in China to around 100 dealers from 40 by...
China expects 50 million cars a year by 2021
Despite a slowdown this year, the Chinese auto market may triple in size over the next 10 years, said a senior member of an...
GM’s China sales up 10% in June
General Motors Co, the biggest overseas automaker in China, said its June sales rose in the country, reversing a two-month decline, as customers bought...
Audi says China, HK H1 sales up 28%
Volkswagen AG unit Audi AG said on Wednesday that it sold 140,699 cars in the Chinese mainland and Hong Kong in the first half...
Daimler to invest 2 bln euros to expand its Chinese joint venture
German auto giant Daimler AG has signed an agreement with its Chinese partner Beijing Auto to invest 2 billion euros into their...
Two new Volkswagen plants Approved in China
German carmaker Volkswagen recently announced that its two new plants have been approved by the National Development and Reform Commission, the country's top economic...
New Skoda ‘Rapid’ for China, India
Skoda is working on a new cheap compact sedan for big developing markets such as China and India. Name is likely to be 'Rapid'....