For the first time in years, Toyota has dropped from the top 10 list of the best selling cars in China in February, the China Daily reported Tuesday.
FAW Toyota, the Japanese automaker’s joint venture in China, disappeared from the top 10 sales list for the first time, the newspaper quoted statistics released by China Passenger [...]
FAW Car Co., a unit of one of China’s three largest auto makers, First Automotive Works, said Thursday its net profit rose 49.8 percent to 1.6 billion yuan (234 million U.S. dollars) in 2009 from a year earlier, fueled by strong sales.
Business revenue was up 37 percent year on year to 27.7 billion yuan in [...]
PSA Peugeot-Citroen is in talks with Chang’an Motor Corp, China’s fourth-largest automaker, to form the French car company’s second joint venture in China.
The deal is expected to close soon after the upcoming Spring Festival, recent media reports said.
Tags: automaker, China Auto, Hafei
China’s largest indigenous automaker Chery Auto plans to outsell its home-grown rival BYD Auto this year, the China Business News (CBN) reported today, citing an unnamed source.
Ma Deji, Chery’s deputy general manager, said its company has set the 2010 sales target at 700,000 units. But a company insider told the CBN that Chery will not [...]
Skoda, the Czech subsidiary of German automaker Volkswagen Group, more than doubled its sales to 123,000 units in China last year, a staggering achievement for such a newcomer.
Though a century-old brand, Skoda entered China’s market just three years ago as a part of Shanghai Volkswagen’s dual-brand strategy.
Tags: automaker, China Auto, Volkswagen
An assembly line of Chinese automaker Geely was officially launched in Russia’s Caucasus republic of Karachay-Cherkessia, local media reported Saturday.
Russian car company Derways has started body welding and other assembling work of Geely-brand vehicles on Friday, according to Russian state TV channel Russia-24.
Some 1,100 units were expected to be produced by the end of February, [...]
