The Ministry of Finance and the National Development and Reform Commission are considering another round of the countryside campaign to drive vehicle demand in rural areas.
In its latest effort to buttress the powertrains in its own-brand passenger cars, Dongfeng Motor Corp last week partnered with German transmission producer Getrag International GmbH to jointly develop and make transmissions.
Dongfeng Motor Corp, China's second-largest auto group by sales, recently signed an agreement for its first overseas acquisition, a 70 percent stake in Sweden's T Engineering AB.
In the eyes of increasingly discerning Chinese customers, premium vehicles are not only defined by lavish interiors and advanced technology but also by the special services that manufacturers and dealers offer.
Plummeting Japanese sales in the wake of an ongoing diplomatic dispute were largely responsible for a sluggish September as China's auto market declined 1 percent to 1.6 million units sold.
Moving to tap the fast-growing SUV market in China, Mitsubishi Motors Corp recently formed a joint venture with Guangzhou Automobile Group Co.
In a sales slide with other Japanese carmakers due to the ongoing dispute over the Diaoyu Islands, Toyota hit another bump when it recently launched the recall of 1.4 million vehicles in China to fix defective electric window switches, its largest-ever recall in the country.
Instead of slashing prices, German luxury carmaker Audi AG vows to speed up localization of new products to continue its reign over the premium segment of the world's biggest vehicle market.
Yet slide in market share actually began in 2009
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