Audi China to finish new assembly plant in Jan ‘09

German car manufacturer Audi’s new assembly plant in Northeast China will officially start operation next March, stepping up its capacity in the fast-growing market amid growing competition, reported Beijing News on Monday.
Covering a land area of 81,610 square meters, the 1 billion ($146 million) plant will build Audi A4 and Q5 models after it starts [...]

Haima Auto to sell Fstar MPV in early 2009

Following the launch of its all-new compact hatchback Huandong (H11) in December, Haima Auto has also planned to release its Fstar (Fushida) MPV model to the market in early 2009, said auto.163.com today. The Haima Fstar will be the first new model to be made at the carmaker’s Zhengzhou facility.
The Haima F-star MPV uses advanced [...]

Chinese auto parts market set to take off

As the economic slowdown puts the brakes on new car sales, overseas buyers have begun sourcing more quality aftermarket auto parts from China.
A recent private sourcing event for auto parts and accessories in Shanghai attracted eight international buyers and 22 selected suppliers from China that were involved in boosting auto parts exports.

Tags: Auto, auto-parts, car

Global car giants bet heavily on China

Global automakers may be hurting from a worldwide slump in sales but in China, they see a bright beacon of hope.

Tags: AUDI, Auto, Buick, car, car-maker, Chrysler, Ford, GM, Volkswagen, Volvo

Electric cars offer opportunity to cut oil imports

China should encourage the development of electric cars to offset its dependence on imported oil and reduce greenhouse emissions, automakers said.
“We are discussing with the Chinese government about our electric car plan as environmental issues are becoming a critical issue in China,” Yasuaki Hashimoto, president of Nissan Motor (China) Ltd said at the Guangzhou auto [...]

Big discounts tempt buyers to accelerate slack car sales

Bigger price discounts and eased restrictions on Beijing traffic created a rise in China’s passenger car sales in October, reversing a two-month decline.
Sales of sedans, sport utility vehicles and multi-purpose vehicles rose 8.36 percent to 538,500 units in October from a year earlier, the China Association of Automobile Manufacturers said yesterday.

Tags: Auto, car, car-maker, Financial

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