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Toyota sellers in Beijing are suffering a slump in business. A sales manager surnamed Zhang from a Toyota store said that previously the store sold more than 10 cars a month, but this month there have been hardly any customers.
Gong Jianzhong has a lot of time on his hands these days. While he used to be busy each day negotiating purchases with consumers, he now gets to sit in his office for longer than he would like.
Chinese battery and automaker BYD Co and automobile inventor Daimler AG have signed an agreement to enter into a "comprehensive technology partnership" for the development of electric vehicles for the Chinese market.
Just a few months after Toyota surrendered its status as the world's biggest vehicle maker, the Japanese auto giant suffered a credibility crisis that its rivals in China could well repeat if they fail to pay attention to the complaints of motorists.
China's Zhengzhou Yutong Group would supply 202 double-decker buses for the Macedonian capital's public transport system, the Transport Ministry said late Monday.
Influenced by the Toyota recall crisis, insurance companies in China have raised premium rates for the Japanese carmaker's most products, Changsha Evening News reported on Tuesday.
Daimler AG says it has signed a memorandum of understanding with China's BYD Co to develop jointly electric vehicles for the fast-growing Chinese market.
Toyota Motor President Akio Toyoda on Monday apologized to Chinese consumers - who make up the world's biggest auto market - over the company's massive global recall.
Toyota President Akio Toyoda will arrive in Beijing Monday following his US visit over the company's global recall crisis to hold a press conference and meet Chinese officials, China Security Journal reported.
Following on the heels of its widely publicized bid for Volvo and government plans to encourage consolidation in China's auto industry, Zhejiang Geely Holding Group is again in the spotlight as it takes over a domestic special vehicle manufacturer.
The Chinese automotive industry achieved remarkable growth in 2009 and the momentum hasn't slowed as we enter 2010, despite tightening of purchase tax incentives.
Since obscure Chinese heavy machinery maker Tengzhong first announced that it would buy Hummer from General Motors (GM) last year, widespread doubts about the acquisition continued to circulate.
