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China's largest private automaker Chery Automobile Co said yesterday that it was resuming plans for an A-share initial public offering (IPO) as the stock market has recovered from the effects of the global financial crisis.
German luxury carmaker Mercedes-Benz is hoping to grab more market share in China's medium-sized premium sedan segment with its all-new E-Class model.
Prices of cars manufactured in China saw a slight increase of 0.37 percent in the first half from a year earlier, said a report issued by the price monitoring center under the National Development and Reform Commission Saturday.
China's Ministry of Commerce said Friday that the ruling of the United States International Trade Commission against Chinese tire imports was "not consistent with facts".
BMW is recalling 135 of its 2008 BMW1-Series and 2008 BMW3-Series sedans in China because of airbag system defects, the country's quality supervisor said Friday.
Having emerged from bankruptcy protection last week, the new General Motors Co is looking to the fast-growing Far Eastern markets, especially China, the Detroit News reported on Wednesday.
China's FAW Car Co Ltd is recalling 1,182 Besturn models over defective roof windows, China's quality watchdog said Monday in a statement on its website.
China's domestic auto prices were steady with a slight increase in June while imported vehicle prices rose at a faster rate, according to the price monitoring center under China's top economic planning body.
Chinese battery and electric car maker BYD Co is planning to buy a bus-making company in Hunan province to increase production of alternative fuel vehicles.
Volkswagen recalled 8,680 Touareg vehicles in China after discovering that a body structure defect posed a danger to people outside the vehicle, said China's quality supervisor Friday.
China's booming automobile industry is expected to sprint to the 12-million-unit threshold on the back of a sales surge during the first half of the year. Smooth Drive for Luxury Brands
Sales of China's domestically made automobiles topped 1.14 million units in June, up 36.48 percent over the figure a year earlier, the fourth month in a row surpassing the 1.1 million units mark.
