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Management at the Czech brand Skoda vows the car will play a bigger role in sales growth at SAIC Motor Co Ltd, its parent company Volkswagen Group's joint venture in Shanghai.
German automaker BMW Group's first-quarter sales in China surpassed 30,000 cars for the first time this year as the company sets its sights on another full-year record.
Boosted by its new products and China's economic recovery, Volkswagen Group posted sales growth of 60.9 percent in the first quarter of this year.
Given the backdrop of the shrinking global auto market, China's auto parts manufacturers realized an operating margin of 9 percent in 2009, almost double the number in 2008, due to strong auto sales in the country, versus just 5 percent for American suppliers in the fourth quarter, according to a survey by business-advisory firm AlixPartners.
As the government prepares revisions to regulations on official car procurement, domestic automakers are preparing to grab more market share from foreign joint venture manufacturers.
Japan's automaker Mazda Motor would recall 54,641 1.6-liter Mazda3/Axela compact cars in China from Friday, according to China's quality inspection authorities Thursday.
As Geely Automobile Holdings Ltd posted a satisfying annual report, Li Shufu, who is the chairman of its parent company and holds 50.4 percent shares of the Hong Kong listed company, witnessed his personal wealth surpassing 10 billion yuan, China Business News reported Tuesday.
Geely Automobile Holdings Ltd, the Chinese automaker whose parent company is buying Volvo Cars from Ford Motor Co, said profit rose on higher car demand and on increased stakes in its operating units.
General Motors (GM), the largest foreign automaker in China, aims to sell more than 3 million cars in 2015 as it adds new models to keep up with demand.
China's quality watchdog said Monday Porsche (China) Motors will recall 640 vehicles of three types due to a potential safety belt defect.
Luxury carmaker Audi will enrich its China product portfolio to match its global lineup by 2020 as the country could become its largest market in the next few years.
Toyota Motor Corp is still not giving any kind of compensation or concession to RAV4 owners in Beijing, even though it recently did so elsewhere in China.
