 |
|
|
 |
|
The proportion of home grown brands may make up at least 50 percent of new purchases of government-owned cars, as required by a draft plan on procurement of official cars, Jinan Daily reported Friday.
The parent company of Geely Automobile Holdings Ltd said yesterday it plans to buy Chinese special vehicle maker Zhejiang Zhongyu Automobile Co as it moves to expand its product portfolio.
Sichuan Tengzhong Heavy Industrial Machines failure to acquire the iconic sports utility vehicle brand Hummer from General Motors (GM) does not come as a surprise and was to be expected, said leading industry analysts.
Toyota will begin recalling its RAV4 model in several areas in China on Feb 28, China National Radio (CNR) reported Wednesday.
China's vehicle production and sales continued their strong momentum in January. Sales growth is expected to top 15 percent this year, with rapid increases in the first half and a slowdown in the second, according to Shanghai Securities News.
Beginning next week, drunken drivers will face a new penalty of paying higher automobile insurance rates, a new measure to stem the deadly trend on the nation's roads.
Sichuan Tengzhong Heavy Industrial Machinery Co, Ltd (Tengzhong) Thursday announced that it is withdrawing its proposed acquisition of Hummer from General Motors (GM).
GM to shut down Hummer after China deal fizzles
Hit with a double whammy from skyrocketing raw material prices and lost overseas market share, Chinese tire makers may be forced to raise prices at a time when foreign rivals are quickly expanding into domestic markets.
General Motors Co will wind down its iconic but tarnished Hummer brand after Chinese regulators rejected a $150 million bid by a Chinese machinery maker to buy the money-losing SUV line.
Japanese carmakers are increasing capacity in China to meet surging demand in the nation, which surpassed the United States as the world's largest auto market in 2009.
Chinese automobile dealer Zhongsheng Group Holdings Ltd yesterday started testing demand for a Hong Kong initial public offering (IPO) that could raise as much as $1 billion, said three people with knowledge of the planned sale.
China's top homegrown carmaker Chery Automobile Co might invest a staggering 20 billion yuan to build a new plant in the Inner Mongolia autonomous region.
