After 8.6 million Chinese bought their first cars last year, General Motors Co, Volkswagen AG and Ford Motor Co are positioning themselves to compete for return customers.
The number of car models in China’s showrooms quadrupled in the past six years, forcing companies to fight for attention by unveiling vehicles at the Imperial Ancestral Temple in [...]
China has become the target market for the world’s luxury auto manufacturers as demand for upscale vehicles surged last year despite a global slump.
Tags: car-maker, China Auto, luxury goods
The central government plans to implement a new policy in the first half of this year to encourage auto industry consolidation and further the development of Chinese-brand passenger vehicles, an official from the Ministry of Industry and Information Technology said at a recent news conference.
Tags: AVIC, CAAM, car-maker, China Auto, policy
Long-wheelbase E-Class, 1.6-liter C180 produced to meet local market conditions
German carmaker Daimler AG’s joint venture with Beijing Automotive Industry Holding Corp plans to more than double sales of Mercedes-Benz cars this year from 2009 by offering two major new models.
Mark Si, executive vice-president for sales and marketing at Beijing Benz-DaimlerChrysler Automotive Co Ltd, told China [...]
China FAW Group Corp has set its sales target for 2010 at more than 2.3 million units, an increase of 18.3 percent from a year earlier, an executive said Sunday.
Jin Yi, FAW Group’s deputy general manager, told the 2010 purchase convention that the nation’s No 2 carmaker also targets a sales revenue of 290 billion [...]
Luxury carmaker Aston Martin launched its flagship store in Beijing Sunday evening in a push to increase its presence in the premier Asian market.
The store, located at 66 Jinbao Street, Chaoyang District, is more than twice as big as Beijing’s other two Aston Martin stores and is the largest in Asia Pacific. The 500 sq [...]
