Audi plans to boost annual sales in China, its biggest single market in the world, to 700,000 units by 2020, Chairman and CEO Rupert Stadler revealed at the ongoing Shanghai auto show.
China's second-biggest auto group Dongfeng Motor Corp plans to invest heavily in its newly restructured passenger vehicle brand over the next couple of years.
Incorporating Ford's latest designs and enhanced with an array of innovative technologies, the all-new Mondeo made its official Asia-Pacific debut earlier this month in Beijing.
Acquired by Geely in 2010, China now fastest-growing market for the Nordic brand
Japanese carmaker Honda Motor Co is hoping to achieve a jump in sales by introducing an unprecedented lineup tailor-made for the Chinese market through its two joint ventures at the ongoing Shanghai auto show.
A concept model that shows the carmaker's foresight, the BMW X4 is making its global premiere at the Shanghai auto show.
Localized models help fuel 55% surge in Q1
What made the iPhone so successful could also work in the auto industry, says Volker Steinwascher, vice-chairman of Qoros, the latest contender in the crowded market.
Despite its early entry in China, French automaker Peugeot Citroen has failed to grab a significant market share, trailing far behind German and Japanese brands.
Even though China's luxury super sport car market is likely to shrink this year, Lamborghini CEO said the company will have about the same sales numbers as last year.
Editor's note: Confident about the outlook for growth in China, Jochem Heizmann, president and CEO of Volkswagen Group China, said he is looking forward to a closer and long-term partnership with his local teams as the carmaker has its largest-ever recall in China underway.
Products from joint venture carmaker Qoros Auto Co make their China debut at the Shanghai auto show today as it showcases new models designed for the nation's young buyers.
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