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Sales of China's domestically-made automobiles totaled 1.09 million units in July, up 63.57 percent compared with the same period of last year, the China Association of Automobile Manufacturers (CAAM) said Friday.
Sales of China's domestically made automobiles totaled 1.09 million units in July, up 63.57 percent compared with the same period of last year, the China Association of Automobile Manufacturers (CAAM) said today.
Tianjin FAW Xiali Automobile Co Ltd, a leading Chinese auto maker, said Wednesday it had sold 14,531 vehicles in July, up 43.3 percent for the same month last year.
Geely Holdings Group's rumored bid to acquire Ford's luxury brand Volvo, analysts said yesterday, would not be in the best interests of the Chinese automaker.
General Motors Co said yesterday that its China sales hit 144,593 units in July, an increase of 77.7 percent over the year-ago period and the best July ever.
Chinese tire industry players are gearing up to challenge a special remedy proposal against tire exports to the United States.
Japan's three big carmakers all reported falls in production for the month of June due to the global financial crisis which sapped demand overseas.
China's privately owned battery and automobile maker BYD Co is expanding its product line-up and capacity through a series of moves it made over weekend.
The automotive industry is a tricky business. Beyond product, other factors are key to an automaker's success, including a strong and capable dealer network.
German luxury carmaker Audi AG, owned by Volkswagen Group, plans to open a new 100,000-vehicle assemble plant in September in China to meet growing demand in the world's biggest auto market.
Beijing Automotive Industry Holding Company (BAIC) confirmed Friday it had not reached full consensus with General Motors over the Opel bid.
Ford Motor Co said its vehicle sales in China rose 14 percent to 197,212 units in the first half from a year earlier.
