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Prices of China's domestically made automobiles retreated slightly in November as dealers cut rates to clear inventory.
Geely Holding Group Inc reached agreement with Ford Motor Co on intellectual property rights (IPR) issues in its bid for Volvo, clearing a major barrier to the deal.
Klaus Maier has already exceeded his target of making China one of the top five markets for Mercedes-Benz sales worldwide by 2010.
Dongfeng Yueda Kia, a Sino-Korean car joint venture, expects to grow sales by 62 percent this year, following its blistering growth in the first 11 months of 2009. It also plans to launch the Soul, its new crossover model, later this.
China's largest heavy truck maker, China National Heavy Duty Truck Group Corp (CNHTC), said Friday that its output has become the second largest in the world.
Beijing Automotive Industry Holding Co (BAIC) is building an electric car manufacture base in Beijing, in a bid for reinforcing its competitive edge in the promising green energy vehicle segment.
China will extend stimulus measures in the automobile industry for one more year, with small adjustments, to further support the world's biggest and fastest-growing auto market.
General Motors Co is talking to BAIC, China's fifth largest car maker, about a partial sale of assets associated with its Saab brand, including tooling and technology, two people with direct knowledge of the discussions said.
In the first three quarters of 2009, the total number of cars manufactured by China's five exporting manufacturers and exported to the European Union (EU) amounted to only 745 units, according to statistics released by European Automobile Manufacturers' Association (ACEA), China Business News (CBN) reported Monday.
China's passenger vehicle production and sales in November both more than doubled from a year earlier, continuing the robust growth and causing China's auto market to lead the global industry for the whole year.
China's auto sales and output both exceeded 12 million units in the first 11 months this year, said the China Association of Automobile Manufacturers (CAAM) on Monday.
Beijing Automotive Industry Holding Corp (BAIC) has obtained a 20 billion yuan ($2.93 billion) line of credit from the Bank of China, the bank said on Friday.
