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German carmaker Daimler AG's joint venture with Beijing Automotive Industry Holding Corp plans to more than double sales of Mercedes-Benz cars this year from 2009 by offering two major new models.
PSA Peugeot-Citroen is in talks with Chang'an Motor Corp, China's fourth-largest automaker, to form the French car company's second joint venture in China.
Dongfeng Motor Corp, China's third-largest automaker, almost doubled its profit last year as China became the largest vehicle market in the world and domestic sales boomed.
Chery Automobile Co, China's top homegrown carmaker, aims at blistering growth in sales of 40 to 80 percent this year by providing a record number of new products.
SAIC Motor, the listed arm of China's auto giant Shanghai Automotive Industry Corporation (SAIC), said Saturday its car sales totaled 307,384 units in January, up 89.8 percent from a year earlier.
China's automobile market continued its robust growth in January, with sales surging 84 percent from a year earlier, heavily boosted by minivans, China Passenger Car Association said on Friday.
General Motors' Chinese sales soared 97 percent in January from a year earlier to a record high of 219,192 units, the auto maker said yesterday.
China has overtaken the United States and Japan to become the world's largest car manufacturing country in 2009, the China Business News reported today.
Regulations that will raise parking fees in downtown Beijing this April are drawing criticism from car owners who say authorities are more concerned about collecting revenues than solving the city's endemic traffic problems.
Beijing will double daytime parking fees in downtown areas from April 1 in order to curb traffic congestion, said the municipal planning authority Tuesday.
China's first 50 gas-electric hybrid buses were put into use Monday in Changchun, capital of northeastern Jilin province.
China's quality watchdog said Monday that Fujian-based Southeast Motor Co will recall 734 CVT vehicles due to safety problems on the Chinese mainland as of Feb 3.
