SAIC says no plan to acquire Chrysler
2007-03-10 15:24:59
Chen Hong, vice board chairman of the Shanghai Automotive Industry Corp (SAIC), on Saturday denied earlier media reports that the Chinese automaker was considering bidding for a stake in the US-based carmaker Chrysler.
Brilliance Auto to enter US market
2007-03-09 14:18:51
Brilliance Auto is hoping to establish a marketing network in the United States in order to export its Zhonghua cars to the country, according to company chairman Qi Yumin.
Guangzhou Auto revives IPO plan
2007-03-09 09:41:04
Guangzhou Automobile Group Co, one of China's top automakers, said it will revive its plan for an initial public offering (IPO) to help it meet the capital demand and develop its own vehicle brand.
Shanghai Auto to offer new models
2007-03-09 09:58:15
An authorized dealer in Beijing has received 40 bookings for Shanghai Automotive Industry Corporation's (SAIC) first self-brand model Roewe just a few days after the group announced the model's price, and by last week, the bookings totaled more than 4,000.
Lifan Group eyes HK listing this year
2007-03-08 10:57:42
China's privately-owned conglomerate Lifan Group hopes to list on the Hong Kong bourse this year and raise money to enable it to deal with production bottlenecks and also carry out overseas acquisitions.