Business / Auto China

FAW-VW offers fattest year-end bonus

[2013-02-25 17:53]

The joint-venture car maker FAW-Volkswagen Automotive again offered a generous year-end bonus equivalent to a 12 month salary last year.

New president appointed at Changan PSA

[2013-02-25 15:20]

PSA Peugeot Citroen and China Chang'an Automobile Group announced on Feb 22 the proposed appointment of Gilles Boussac as president of Chang'an PSA Automobile.

Chery continues to scrap brands

[2013-02-25 11:27]

After scrapping its higher-priced Riich marque and bus brand Rely last year, Chery announced on Feb 7 it will shut down operations at Cowin, its mid-sized sedan.

Falling share of Brazilian market

[2013-02-25 11:27]

Most Chinese automakers suffered sales declines in Brazil in January despite 16 percent growth in the overall market, according to a local automotive industry association.

China raises gasoline, diesel prices

[2013-02-25 06:44]

China raised the retail prices of gasoline by 300 yuan ($47.8) per ton and diesel by 290 yuan per ton starting from Monday.

Costs drive Chang'an quest for partners

[2013-02-25 05:56]

Chang'an Automobile Group is considering plans to start a joint venture with French auto parts supplier Faurecia this year.

GAC trumpets Trumpchi plans

[2013-02-25 05:56]

GAC Motor recently announced that it has raised the 2013 sales target for its independently developed Trumpchi brand to 80,000 units, 15,000 more than its original projection.

Roewe: Govt sales solution to sharp competition

[2013-02-25 05:56]

Roewe plans to focus on government procurement following the establishment of a separate marketing network earlier this month.

Beijing adds 390k vehicles in 2 yrs, a big drop

[2013-02-22 15:10]

About 390,000 motor vehicles have been registered in Beijing over the past two years, less than half of those in 2010.

China's vehicle demand may reach 20.8m

[2013-02-21 16:26]

China's total vehicle demand consists of 16.8 million passenger cars, 8.5 percent more than that in 2012, and 385,000 commercial vehicles, an increase of 1 percent.

Geely to set up facility in Sweden

[2013-02-21 09:46]

Zhejiang Geely Holding Group, the parent company of Volvo Car Corp and Geely Automobile Holding Ltd, will establish a research and development center in Gothenburg, Sweden.

New-energy buses to hit the road in Shanghai

[2013-02-20 17:44]

Shanghai is to introduce 200 new-energy buses in a bid to cut emissions and reduce noise, Xinhua News Agency reported on Feb 20.

Geely, Volvo to jointly set up R&D center in Sweden

[2013-02-20 17:07]

Geely Holding and Volvo Cars Cooperation will jointly set up a research and development center in Sweden to develop vehicle platforms and other key components.

Infiniti profitable in 3-4 years, Nissan predicts

[2013-02-20 13:53]

Nissan Motor Co expects its luxury Infiniti business to become profitable in three to four years as it begins production in China and introduces entry-level vehicles.

Chinese firms bid for US car maker Fisker

[2013-02-20 09:33]

Struggling US automaker Fisker Automotive, which makes electric vehicles, is weighing bids for a majority stake in the company from two Chinese firms.

Beidou navigation system set to soar

[2013-02-20 07:15]

Beidou satellite navigation system will soon benefit hundreds of millions of users, and provide a cheaper alternative than the Global Positioning System.

Geely leads China bids for US' Fisker

[2013-02-19 10:51]

China's Zhejiang Geely Holding Group is favoured to secure a majority stake in US electric car maker Fisker Automotive, Reuters reported.

GM buys back 1% stake in joint venture

[2013-02-18 17:13]

General Motors Co, which runs 12 joint ventures in China, said it had repurchased a 1 percent stake in its joint venture with SAIC Motor Corp Ltd.

Holiday road travel favored for free-pass policy

[2013-02-18 17:00]

Trips made by passenger vehicles nearly doubled during the Spring Festival holiday compared with the same period last year, boosted by the toll-free policy.

Volvo China sales surpasses Sweden

[2013-02-18 11:10]

The joint venture between Dongfeng Motor Group and Taiwan's Yulon Motor is planning an independent sales company that will be operational next year