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Over 1,700 kinds of uncertified auto parts have been found in two Toyota stores in Yiwu City, east China's Zhejiang Province, local authorities said Wednesday.
The restriction on car use in the national capital will be extended for another two years starting April 11, as traffic jams are still one of the city's most serious problems, the municipal government announced on Friday.
General Motors Co's China sales rose to a record in March, surpassing its US deliveries for a third straight month and cementing the country's importance as the world's largest auto market.
General Motors Co's sales in China rose 68 percent in March from a year earlier to 230,048 vehicles, it said in an e-mailed statement today.
Wuhan, capital of central China's Hubei province, will see 25 Nissan electric cars running on its roads in 2011 as part of a nationwide pilot program to promote new energy cars.
As rubber prices continued to rise and Chinese tire exports are hit by high US tariffs, tire makers in China have started to hike prices to offset increasing costs.
Volkswagen AG is speeding up a facelift of the $88,000 Phaeton sedan in time to unveil the model at the Beijing auto show and target China's millionaires, said two people familiar with the matter.
Toyota has promised to compensate owners of recalled RAV4 vehicles in Zhejiang province, which has aroused anger among Beijing owners and their association, who feel they are being treated differently.
When Li Shufu, chairman of Zhejiang Geely Group Holding Co Ltd, celebrated the company's agreement taking over Swedish luxury brand Volvo on Tuesday, nobody could foresee the challenges and risks ahead for the Chinese automaker.
Chinese auto maker Zhejiang Geely Holding Group is ready to inject $900 million operating capital into Volvo on top of the $1.8 billion purchase price, Geely chairman Li Shufu said Tuesday.
Geely could find Volvo a tough nut to crack
Geely eyes China market to revive Volvo brand
Geely-Volvo deal financing totals $2.7b
Zhejiang Geely Holding Group is accelerating its quest for financing after sealing the Volvo deal, as it is still facing a financial gap at present, the 21st Century Business Herald reported today.
Li Shufu, the plain-spoken chairman of China's Zhejiang Geely Holding Group, faces a long, uphill journey to return Ford Motor's prestigious but loss-making Volvo brand to profitability.
