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Chongqing Changan Automobile Co said net profit for the first half of 2010 is expected to rise by up to 163 percent from a year earlier, and sales volume to increase by 47.6 percent to 974,499 vehicles.
A spokesman of China's private carmaker Geely said Thursday the company plans to sell two million cars globally by 2015.
Japan's largest automaker, Toyota Motor Corp, said Wednesday that improving product quality would be on top of its agenda for its China business as it seeks more market penetration in the world's largest auto market.
China's National Development and Reform Commission has given approval for Beiqi Foton Motor Co's planned venture with Daimler AG to produce commercial vehicles, China Business News reported today, citing an unidentified person at the Chinese carmaker.
FAW Group Corp, China's second biggest automaker, is planning a stock market listing after a restructuring of the business, in a bid of reinforcing its ability to compete with rivals in the world's biggest automobile market.
China's quality watchdog Wednesday announced a recall of 2,443 trucks equipped with flawed chassis made by Japanese company Mitsubishi Fuso Truck and Bus Corporation from Thursday.
A Banque PSA Finance unit has agreed to raise its stake in PSA Peugeot Citroen'sauto financing firm in China by buying a 50 percent equity stake from another stakeholder, the adviser of the deal said on Tuesday.
BYD Co, the Chinese carmaker backed by Warren Buffett, may delay an A-share listing in China to seek "better timing" for the sale after stock markets fell.
Chery Auto, China's leading private automaker based in Wuhu of the eastern province of Anhui, sold 308,933 motor vehicles in the first half of this year, a growth of 46.25 percent on the same period of last year.
China Automotive Systems has struck a deal with Changan Automobile Co to make electric steering units, the company said Monday.
Porsche AG may price the 918 Spyder at 500,000 euros ($630,000), topping the Carrera GT as its costliest model.
German carmaker Volkswagen AG (VW) and Japanese automaker Honda Motor Co reported contrasting sales performances in June on Monday, even as vehicle demand continued to be robust in China.
