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Many rich motorists have bought a second car to get round the car ban. I hope the city will charge the use of roads with a better scheme. I can pay a little more, but I don't want to feel guilty on the road.
SAIC Motor Corp, China's largest automaker, is close to an agreement to cooperate with General Motors Co on producing and selling vehicles in India, two people familiar with the talks said.
China's quality watchdog said Tuesday that China's South East (Fujian) Motor Co Ltd would recall its "Lingyue" sedans because of engine flaws.
Geely, the Chinese carmaker tagged as the preferred bidder for Ford Motor's Volvo unit, is seeking at least $1 billion in loans from Chinese banks to finance its $1.8 billion bid, sources said on Tuesday.
Beijing Automotive Industry Holding Co said it will "move fast" on General Motors Co's Saab unit after its partner scrapped a bid for the Swedish automaker.
Geely Holding Group Co, the Chinese carmaker in talks to buy Volvo Car Corp, said the Swedish company would retain ownership of technology following a sale by Ford Motor Co.
Hyundai Motor Co, South Korea's biggest automaker, plans to build a third plant in China to meet demand in the world's largest automobile market so far this year.
China's BAIC, part of a group that abandoned its bid to buy General Motors' Saab unit, could still bid for some Saab assets on its own but is unlikely to try for the whole company, analysts said.
China's leading automotive corporation, the SAIC Group, expects to sell 2.65 million vehicles this year, a roughly 30 percent rise from a year ago, a company official said Monday.
Far East Golden Resources Group Ltd, headed by Yang Rong, who fled China in 2002, is seeking 66 billion yuan to build hybrid cars in the country, a sum about 44-times its market capitalization.
Fei Manqing realized early that a partnership with a leading global brand can be a shortcut for Chinese small business owners. Fei also entered a market that is attracting many leading multinational companies - China's booming automotive aftermarket sector.
German Auto giant Volkswagen Group unveiled an ambitious strategy called "Strive to Win" to more than triple its sales in south China from 150,000 units to half a million annually.
