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
General Motors Corp is in talks to increase its stake in a Chinese joint venture that makes small, inexpensive vans and trucks, the Wall Street Journal reported, citing people familiar with the situation.
The U.S. car maker is in negotiations with the government of Guangxi province in southwestern China to expand its stake in SAIC-GM-Wuling Automobile [...]
China’s government is discussing policies to help automakers boost sales and fend off the global financial crisis, according to the country’s top planning agency.
Tags: Auto, Automobile, car, car-maker, SAIC
General Motors Corp., the biggest overseas automaker in China, is in talks with a local partner to increase its stake in a venture that produces vans and light trucks under the Wuling brand. The U.S. automaker is seeking to buy additional shares in SAIC-GM-Wuling Automobile Co., Hu Maoyuan, chairman of SAIC Motor Corp., said Saturday [...]
Today China has the largest potential auto market in the world - with nearly all international brands setting up production and operations - but Volkswagen’s position is unique.
Tags: AUDI, Auto, auto-parts, automaker, BMW, car, car-maker, Volkswagen
Chinese car makers may find it more difficult to achieve their sales target this year after the rise in vehicle exports reversed sharply as the ongoing financial turmoil dented overseas orders, said an industry body yesterday.
Exports of completed cars, which soared rapidly over the past few years, jumped 34.71 percent to 557,500 units in the [...]
