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US auto giant General Motors said Monday it had extended its record sales streak in China, selling more than 1.5 million units this year in contrast to weak sales in the US since exiting bankruptcy.
GM President and General Manager for China Kevin Wale on Thursday shared his opinions of the future of information highway and its connectivity with automobiles on his blog and sought online users' advices on the subject.
China's automotive industry has sustained robust growth despite the global economic slowdown, making the world's major automakers pay increasing attention to investing in the China market.
China's Ministry of Commerce said Friday it had launched anti-dumping, anti-subsidy investigations into US-made off-road vehicles and sedans with engine displacements of 2.0 liters and above.
The world's largest carmaker Toyota Motor Corp is planning to strengthen its research and development capabilities in China to provide better services and cash in on the booming local demand.
Shanghai Automotive Industry Corporation Group plans to invest 6 billion yuan in researching of and making new energy cars starting this year and during the next two years, said group chairman Hu Maoyuan Tuesday.
Volkswagen Group is well on course to meeting the target it set in 2007 to slash the average fuel consumption of its China-made vehicles - a pace it plans to accelerate by locally producing VW's latest engine and transmission designs.
Beijing Automotive Industry Holding Corp (BAIC is pushing ahead with plans to start its own passenger car brand despite the arrest of its employee Yu Xiangdong, who was indicted in the US last month and charged with stealing trade secrets from Ford Motor Co.
Chery Automobile Co plans to build a $688.3 million plant in the port city of Dalian in northeast China's Liaoning province.
SHANGHAI: Geely Automobile, whose shares soared yesterday after being named the "preferred bidder" for Ford's Volvo unit, could win a valuable brand if the bid succeeds, but could take years to see profits from the loss-making Swedish carmaker.
China's Geely Automobile on Wednesday have been confirmed as preferred bidder in the ongoing discussions concerning the possible sale of Volvo Car Corporation.
Nissan Motor said on Monday its vehicle sales in China surged 63.8 percent to 75,209 in September, helped by its Teana and Sylphy sedans.
