The fact that rich people are buying expensive luxury vehicles may be good news to automobile manufacturers and the government bent on stimulating the economy, but we should be aware of consequences of the sport utility vehicle (SUV) craze.
Taking advantage of the overwhelming demand for SUVs, car dealers imposed an additional cost of up to [...]
BMW Group’s long-term plan for a seven-fold increase in its China production capacity announced last week is expected to further intensify competition in the country’s growing luxury vehicle market.
The German carmaker’s strategic plan is to increase annual production to 300,000 units with local partner Brilliance China.
Tags: AUDI, Benz, BMW, car-maker, China Auto, luxury goods, SUV, [...]
The booming Chinese auto market remains one of the few bright spots for German luxury carmakers, which have drawn few benefits from a flurry of subsidy programs such as the US “cash for clunkers” scheme.
Daimler AG’s Mercedes-Benz, Volkswagen AG’s Audi and BMW’s flagship BMW brand all posted year-on-year volume gains of above 35 percent in [...]
German car maker Mercedes-Benz (China) Ltd officially began the domestic sales of its new generation of S-Class luxury sedans in Beijing on Friday.
The company is counting on the iconic model to keep its leading position in the luxury car segment and continue its success in China.
The full array of the new S-Class luxury sedans, the [...]
German luxury carmaker Audi AG, owned by Volkswagen Group, plans to open a new 100,000-vehicle assemble plant in September in China to meet growing demand in the world’s biggest auto market.
The 1 billion yuan plant in the northeastern city of Changchun will double Audi’s production capacity to 200,000 units a year, according to Zhang Xiaojun, [...]
German luxury carmaker Audi AG, which is owned by Volkswagen Group, plans to open a new 100,000-vehicle assemble plant in September in China to meet growing demand in the world’s biggest auto market, reported Monday’s China Daily.
The 1 billion yuan plant will be in the northeastern city of Changchun. It will double Audi’s production capacity [...]
