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Early next year an Australian car buyer will wander into a local car sales yard and be drawn to the smart-looking sedan with the $13,000 sticker on the windshield.
Caterpillar Inc and Navistar International Corp are in talks with Anhui Jianghuai Automobile Co to set up a truck venture, a source said.
FAW Car Co reported a slower-than-industry-average profit and sales growth in the first half of this year, as it failed to benefit from the government incentives for small cars.
Li Yuan, a 32-year-old lecturer at Xidian University in Xi'an, Shaanxi province, has been waiting for his Ford Focus sedan for over two months.
Chinese battery and vehicle maker BYD Co said it was bullish about sales of its F3DM plug-in hybrid car, after regulators recommended the energy-efficient model as eligible for government subsidies.
Beijing reported the registration of 261,000 new cars in the first seven months, or about 1,240 daily, up 9 percent from the same period last year.
Dozens of drunk drivers have been detained across China after police began a two-month crackdown on driving under the influence of alcohol.
China expressed regret on Friday over the EU's anti-dumping investigations on Chinese imported aluminum alloy hub products.
The restructured General Motors Co said yesterday it has begun exporting locally produced Wuling-brand mini commercial vehicles under its international Chevrolet brand name.
China will continue its policy of subsidizing farmers' purchase of automobiles in a bid to spur vehicle sales, as part of the government's concerted efforts to stimulate domestic demand.
With strong car sales in July and the warmer auto market, China's 19 key automakers are expected to back into the black in the first seven months of the year.
China's ChangAn Auto Co Ltd, a leading domestic auto maker, announced Saturday that its sales volume rose more than 82 percent year-on-year last month.
