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Soaring sales by German luxury automaker BMW in the first six months this year enabled China to surpassed the UK as its third-largest market worldwide, the company said in a recent statement.
German carmaker Volkswagen Group plans to massively increase its production capacity in China to meet growing demand in the world's top vehicle market.
While Chinese auto makers are busy expanding their share in the world's largest auto market, industrial experts have already begun to worry whether China's market would one day face overcapacity problems
Industrial experts say China's dream to become a worldwide auto powerhouse is expected to become a reality as domestic auto makers vow they would focus on brand-building and innovation to become internationally recognized.
China's auto-makers at their first ever summit Friday united behind a declaration to support and raise innovation in technology and management. China's auto powerhouse dream achievable in near future
German commercial vehicle maker Daimler AG on Friday said it will make heavy trucks in China through a joint venture with Beiqi Foton Motor to further expand its presence in Asia and the mainland.
Striking workers at a plant that supplies parts for Honda Motors' China operations have issued a long list of demands, with hopes of winning better salaries and working conditions commensurate with the country's growing economic clout.
BYD Co, the Chinese automaker backed by billionaire Warren Buffett, fell to its lowest in more than ten months after China's government said it will ask local authorities to investigate alleged illegal land usage in Shaanxi province.
Automaker Zhejiang Geely said board chairman Li Shufu will also be chairman of Swedish carmaker Volvo Cars, which the Chinese group is buying from Ford Motor Co for $1.8 billion.
Guangzhou Automobile Group Co moved closer to a listing in Hong Kong when shareholders of its Hong Kong unit Denway Motors Ltd approved a buyout offer from the Chinese automaker.
Officials seized 1,042 illegal vehicles, detained one person and held a further 99 for disrupting public security on Wednesday, the first day of a crackdown on such vehicles that will last until the end of the year, the Security Corps of the Beijing Public Security Bureau said on Thursday .
Brilliance China Automotive Holdings said it expected to record a net profit for the first half of 2010 versus a loss for the same period a year ago, helped by strong earnings from joint venture BMW Brilliance.
